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Abhi YFB
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33 followers
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You may require changing your Limited Liability Partnership (LLP) name due to various business reasons or on the directions of the Central Government. Central Government may ask you to change your Limited Liability Partnership name, if the name is deemed…
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Earlier, a taxpayer can verify their tax return either by using Digitally Signed Certificate (DSC) or by sending signed ITR-V copy to Income Tax Department, CPC. With the introduction of e-verification process, assessee is not required to send income tax…
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Many salaried persons are under the impression that if full tax has already been deducted by employer from their salary then they are not required to file their income tax returns. In this post, we will discuss why a salaried individual is required to…
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Dormant companies do have certain legal compliance and reporting obligations to fulfill for maintaining the company on the official register. Please read our earlier article to know how to get status of Dormant Company and its legal compliance…
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In our last article we have discussed how a company can get status dormant. In this article we will be discussing legal compliance under Companies Act 2013 that a company has to comply after getting status dormant. After analyzing Companies Act 2013, we…
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According to Companies Act 2013, in certain circumstances, a company can change its status from Active to Dormant. As per Companies act 2013, a dormant company is one that has no significant accounting transactions in the last two financial years or…
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One Person Company or OPC is a new type of business entity introduced through the Companies Act 2013 that allows a single person to operate a corporate entity with limited liability protection. One of the biggest advantages of a One Person Company or OPC…
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Sap has two organizational units in financial accounting module which is always confusing. Many FICO consultants do not know why we have these two units in SAP FI i.e. company and company code (CC). CC represents an independent legal accounting entity…
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Controlling area in SAP CO module is a central organizational unit under which all the internal reporting takes place. In SAP you can use transaction code OKKP to define CO area or you can use following path to maintain it. Path for Creation : SPRO > IMG…
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Service tax came into effect in 1994 when its introduced by Dr. Manmohan Singh. It’s levied by the central government and the end users have to pay this for certain services. While presenting the Budget 2015, the Finance Minister had increased the Service…
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