Transfer pricing refers to the pricing of goods, services, or intellectual property transferred between related entities within a multinational company. It is a complex area of taxation and financial management that requires careful consideration to ensure compliance with tax laws and regulations while optimizing the company’s overall tax position. Here are some expert tips and […]
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Nailing your internal audit every time requires a systematic and thorough approach. Here are nine steps to help you achieve success in your internal audits: 1. Understand the Audit Objectives: Begin by clearly understanding the objectives of the audit. What are you trying to achieve? What are the key risks and areas of focus? 2.
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The legal framework governing Nidhi Companies in India is primarily established under the Companies Act, 2013, along with related rules and regulations. Nidhi Companies are regulated by the Ministry of Corporate Affairs (MCA) and, in some aspects, by the Reserve Bank of India (RBI) as well. Here’s an explanation of the legal framework behind Nidhi
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1.What is FFMC Registration? FFMC registration is a kind of permit that allows the company willing to undertake the business of the money changing activity or Forex Currency Exchange. Under Section 10 (1) of the FEMA Act (Foreign Exchange Management Act), 1999, AMC (Authorized Money Changers) are the entities or individuals authorized by the RBI
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Foreign Company Formation In India: Process to Set Up a Subsidiary / Wholly Owned Subsidiary (WOS) Whenever anyone incorporates a company in India as a ‘Subsidiary” or “Wholly owned Subsidiary (WOS)” of a company incorporated outside India. Many questions came to notice, like: (i) What information/ Documents are required from the foreign Company? (ii) Whether the
About GST GST stands for Goods and Services Tax, a value-added tax levied on most goods and services sold for domestic consumption. It is a comprehensive indirect tax in India, introduced on July 1st, 2017, replacing multiple cascading taxes levied by the central and state governments. GST is administered by the Central and State Governments
What is Trademark? A trademark is a symbol, word, or words legally registered or established by use as representing a company or product. It serves to protect the owner’s brand identity by preventing others from using similar marks. Trademarks can be a logo, phrase, word, sound, color, or even scent. Trademark Registration Trademark registration is
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Income Tax Return ITR stands for “Income Tax Return,” which is a form used to declare an individual’s or a company’s taxable income to the government. The form is submitted annually to the tax authorities, usually by a certain due date, and is used to calculate the amount of tax owed. An ITR Return is
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Q1. What are Non-Banking Financial companies (NBFCs) and how it works? A Non-Banking Financial Company (NBFC) is a financial institution that provides banking services such as loans and advances, investments, leasing, hire-purchase, insurance, and other financial products and services without having a banking license. NBFCs can raise funds from various sources such as deposits, bonds,
Q. What are the Nidhi Limited Companies and how it works? NIDHI Limited Companies are a type of Non-Banking Financial Company (NBFC) in India, formed for the benefit of its members. The primary objective of Nidhi Companies is to promote the habit of thrift and savings among its members by providing them with financial assistance
