Posts

How Can We Do Import Export Code Registration?

Image
  Why We Need Import Export Code? An Importer- Exporter Code (IEC) is  a permanent business identification number necessary when you have done export goods from India or Import to India . IEC code registration is now hassle-free. The organization must have a PAN, bank account in the name of the entity, and a valid address before applying. The address may be physically checked by the DGFT on the action of formally making something know of the IEC. How Many Fees For Import and Export Code Registration? IEC code number registration fee is started  at Rs.   250.00   and maybe pay through EFT (Electronic Fund Transfer), and must submit the IEC Online Application form. You can start import export code . For a quick, the physical application suppresses needed documents should reach DGFT RLA concerned within 15 days of its online submission. What Are The Fees For Import Export Code License? It is initially started at 2499 INR except for the Government fee which is 5...

How Can We Register OPC Company?

Image
  Which Thing do We need to Know About OPC Registration? It is a form of a company where the action or fact needed is lesser than that of a private company. Register OPC is now very easy process. The Companies Act, 2013 delivered that any person can create a company with one single member and one director.  Is There is Any Possibility of the Director of OPC be changed? According to Rule 4(5) of the Companies (Incorporation) Rules, 2014 The subscriber  or member of the OPC company can change his or her shareholders at any time or for any logic   by providing a attention in writing to the OPC. Step 1 is for OPC subscribers to obtain acquire the agreement of the new nominee in Form No INC. What is The Turnover Limit of OPC? The limit of the paid-up capital and the income presently applied for OPCs (paid-up share capital for Rupees 50,00,000 and an average turnover while the particular period of 2 crore rupees then OPC can easily converted OPC to Private Limited Company...

Which Law and Amendment We Should Follow Before OPC Registration?

Image
  What is the Law Amendment of One Person Company? According to section 2(62) of the Companies Act,2013, One person company means a company that has one person as a member. It gives a  single promoter entire control over the company when limiting his or her liability to donation to the business. You must need to know how to register OPC ? Is It Possible OPC Company Converted Private Limited Company? One Person Company can be changed into a Private Limited Company  both freely before meetin g any  of the above criteria or mandatorily after meeting and they must be remembered  should be minimum 2 shareholders and 2 directors . After, a board aspiration must be passed by the shareholders for accepting the another of the Memorandum of Association (MOA) and Articles of Association (AOA) of the OPC. OPC registration process is very easy and hassle-free . What are The Situations When OPC Converted Private Limited Company? You must need to know the things when OPC co...

What is The New Income Tax Returns Slabs and Rates Present in FY 2020-21?

Image
  The Income Tax Slabs and Rates Present in FY 2020-21 The income tax is a special kind of tax that a person is bound to submit to the Income Tax Department for a particular financial year . The benefit that can be gained from the Government of India is now the IT return filing can be done online. The Income Tax Slab   The Indian Income Tax Department levies tax on individual taxpayers on the basis of the slab system after ITR filing online . The different tax rates and slabs are stipulated for the income of different groups of people. The special point about the income tax slab is the income tax slab changes with every budget. The income tax slab is also separate for different kinds of taxpayers.  The Income Tax categorises three kinds of Income Taxpayers: The resident and non-resident individuals whose age is less than 60 years. The resident senior citizens whose age is between 60 to 80 years. The resident super senior citizens whose age is more than 80 years. These ...

What is The Procedure To Fill Income Tax Return in India?

Image
  What Is The New Revised Tax Return Deadline for August 2021? Do income tax return easily with the help of Online Legal India. Tax Audit Report in the procedure of Transfer value which is under Section 92E and last date has been expanded to   November 30, 2021 . Income Tax Return of person deadline has been enlarged to November 30, 2021. Tax Audit Report filing the extreme date is October 31, 2021.  It is necessary to file the income tax returns online for every   the registered taxpayer whose taxable income . Whatever paper returns can be put in place by those who are above 80 years of age and do not have any income from methodical business or profession. When Income Tax is Free? Discount of up to Rs 12,500 is obtainable under section 87A under both tax authorities. Thus, no income tax is outstanding for total  taxable income up to Rs 5 lakh  in both organizations. IT return filing is now hassle-free. What is The Process of a Beginner File a Tax Retu...