In this post, we’ll go through the business valuation process, the many methods for valuing a startup, and why having competent specialists when appraising a firm is critical. The process of determining a company’s value is known as business valuation. It is an analytical technique for determining the value of a firm, property, or asset …
Goods and Service Tax Return Filing
Want help filling out your GST returns once you’ve completed your GST registration? Virtual Auditors come to your aid. The Goods and Services Tax (GST) is an indirect tax paid on the sale of goods and services that was introduced by the government in 2017. Every ordinary business must file a tax return on a …
Branch Office in India
A branch office is a suitable business model for foreign companies looking to establish a temporary presence in India. The branch office serves as an extension of the head office business and carries on the same business as that of its parent company. With India possessing vast natural and human resources and being among the …
How to Get an Import-Export Code
The abbreviation EC stands for Import Export Code. All exporters and importers must use the code, which is a ten-digit alpha numeric number. It’s crucial to keep in mind that the Import Export License is exclusively for products and services. The Director-General of Foreign Trade has the power to issue the code. In addition, all …
Annual Return Filing for Private Limited Companies
All firms are required to file their annual returns at the conclusion of each fiscal year. The same approach must be followed by both small and large organisations. While many small firms skip this stage entirely, it is not recommended because it can result in substantial fines from the Registrar and potentially the directors being …
Faceless Assessment Scheme 2021
The Faceless Assessment (1st Amendment) Scheme, 2021 was just unveiled by the Central Board of Direct Taxes. The Prime Minister has begun a faceless tax audit to honour honest taxpayers. What exactly is the 2019 faceless assessment scheme? The Faceless Assessment Scheme was introduced by the Central Government to improve the transparency, efficiency, and accountability …
Tax on Blogging Income Under the Income Tax Act
The need for content providers and bloggers has risen dramatically since the advent of social media. Blogging is a popular job not only because of the platform it provides for self-expression, but also because it pays well. The income earned by a blogger is subject to the Income Tax Act’s tax regulations. Blogger’s Definition A …
Who is Non-Residents in India
A non-resident is an individual who mainly resides in one region or jurisdiction but has interests in another region. In the region where they do not mainly reside, they will be classified by government authorities as non –resident. Understanding Non-Resident: It is determined by set circumstances, such as the amount of time spent within a …
Payroll Services and Its Advantages
Payroll is that the total of all compensation a business must pay to its employees for a group period of your time or on a given date. It is usually managed by the accounting or human resources department of a business; small-business payrolls could also be handled directly by the owner or an associate. Duties …
Personal Finance Tips That Will Help You Manage Your Money Better
Cracking the code to non-public finance might not seem easy initially . But if you’ve got the proper tips guiding you, you’ll find that managing your money becomes such a lot more effortless. Mastering personal finance can assist you answer all those questions you’ll have had over the years, like how you’ll set about saving …