A statutory audit is a mandatory examination of a company’s financial statements, required under various statutes such as the Companies Act, 2013, to ensure accuracy, transparency, and compliance with applicable laws and regulations.
An internal audit is a vital tool for organizations seeking to enhance their operational efficiency, strengthen internal controls, and ensure compliance with policies and regulations.
A tax audit is a mandatory examination of an organization’s financial records to ensure compliance with the provisions of the Income Tax Act, 1961, particularly for businesses and professionals meeting specific turnover or receipt thresholds.
A due diligence audit is a comprehensive evaluation of a business’s financial, operational, and legal aspects, typically conducted to support mergers, acquisitions, investments, or other significant transactions.
Accurate and organized accounting and bookkeeping are essential for businesses to maintain financial transparency, comply with regulatory requirements, and make informed strategic decisions.
Goods and Services Tax (GST) compliance is a critical requirement for businesses operating in India, involving timely filing of returns, accurate tax calculations, and adherence to GST regulations.
Filing income tax returns and ensuring compliance with the Income Tax Act, 1961, are essential responsibilities for individuals, businesses, and other entities to meet statutory obligations and avoid penalties.
Tax Deducted at Source (TDS) is a critical component of India’s tax system, requiring businesses and individuals to deduct tax at specified rates on certain payments and remit it to the government.
A Digital Signature Certificate (DSC) is an electronic form of a signature that ensures the authenticity and integrity of online transactions and document submissions. It is widely used for e-filing of tax returns, company filings, government tenders, and other secure online processes.
Goods and Services Tax (GST) registration is a mandatory requirement for businesses and individuals in India whose turnover or activities fall under the GST Act, 2017. It enables businesses to collect and remit GST, avail input tax credits, and comply with tax regulations.
Udyog Aadhar, now known as Udyam Registration, is a government initiative to register Micro, Small, and Medium Enterprises (MSMEs) in India, enabling them to access various benefits, subsidies, and schemes. This registration is essential for businesses seeking to establish their MSME status and leverage government support.
A Permanent Account Number (PAN) is a unique 10-digit alphanumeric identifier issued by the Income Tax Department of India, mandatory for financial transactions, tax filings, and various regulatory compliances. It serves as a critical identifier for individuals, businesses, and other entities.
Registering a company is a crucial step for entrepreneurs and businesses seeking to establish a legal entity under the Companies Act, 2013, in India. It provides a formal structure, limited liability protection, and access to various business opportunities.
Shop Act Registration, also known as registration under the Shops and Establishments Act, is a mandatory requirement for businesses such as shops, commercial establishments, and offices operating in India. This registration ensures compliance with state-specific labor and business regulations, governing aspects like working hours, wages, and employee welfare.
Trademark registration is a vital step for businesses and individuals seeking to protect their brand identity, including logos, names, slogans, or symbols, under the Trademarks Act, 1999, in India. A registered trademark safeguards your brand from unauthorized use and enhances its market credibility.
Professional tax is a state-imposed tax on individuals, businesses, and professionals engaged in any profession, trade, or employment, as mandated by the respective State Professional Tax Acts in India. Compliance involves registration and timely filing of returns to avoid penalties.
The Employees’ Provident Fund (EPF) is a mandatory social security scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, aimed at providing retirement benefits to employees. Organizations with 20 or more employees are required to register and comply with EPF regulations.
A Food Safety and Standards Authority of India (FSSAI) license or registration is mandatory for businesses involved in the manufacturing, processing, storage, distribution, or sale of food products in India, as per the Food Safety and Standards Act, 2006. This ensures compliance with food safety regulations and builds consumer trust.
Import Export Registration, formally known as obtaining an Importer Exporter Code (IEC), is a mandatory requirement for businesses or individuals engaging in the import or export of goods and services in India, as per the Foreign Trade (Development and Regulation) Act, 1992. The IEC is a unique 10-digit code issued by the Directorate General of Foreign Trade (DGFT).
A Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric identifier required for entities responsible for deducting or collecting tax at source under the Income Tax Act, 1961. It is mandatory for filing TDS/TCS returns and issuing certificates.
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