Day September 26, 2024

How to Handle Disputes Arising from a Partnership Deed

Partnerships can sometimes face disputes due to misunderstandings or disagreements on business operations, profit sharing, or decision-making processes. A well-drafted partnership deed can be invaluable in resolving disputes. Types of Disputes in Partnerships Profit-sharing Disagreements: If the deed lacks clarity…

How to Register a Section 8 Company (Non-Profit)

A Section 8 Company is a non-profit organization registered under the Companies Act, 2013, aimed at promoting charitable activities. Here’s how to register a Section 8 Company in India. Step 1: Obtain Digital Signature Certificate (DSC) Similar to LLP registration,…

Importance of Accurate Record-Keeping for Statutory Audits

Accurate record-keeping is fundamental to the success of a statutory audit. Here’s why it’s crucial: 1. Compliance and Legal Requirements Statutory audits require businesses to comply with legal and regulatory requirements. Accurate records ensure that businesses meet these obligations, minimizing…

How to Claim Deductions While Filing Income Tax Returns

Understanding how to claim deductions is essential for optimizing your tax returns. Here are steps to effectively claim deductions: Identify Eligible Deductions: Familiarize yourself with various deductions available under Section 80 of the Income Tax Act, such as those for…

How to Cancel Your GST Registration

There are instances where businesses may need to cancel their GST registration. Understanding the procedure is essential for ensuring compliance and minimizing complications. Here’s a step-by-step guide on how to cancel your GST registration: 1. Determine the Reason for Cancellation…

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