Non-governmental organizations (NGOs) and trusts have unique income tax requirements, and it’s crucial to file accurately to maintain tax exemptions. This guide covers how trusts and NGOs can file their income tax returns in India. Eligibility and Documentation NGOs registered under Sections 12A and 80G are eligible for tax exemptions. The primary documents required include […]
A digital signature is a vital component of the GST registration process, particularly for businesses that are applying for GST online. This electronic signature ensures the security and authenticity of your application. What is a Digital Signature? A digital signature is a cryptographic key used to sign your application. This secure signature helps verify the […]
GST compliance can be complex, especially for businesses operating in Delhi, where tax rates and requirements are continually evolving. A CA firm in Delhi NCR can simplify the GST compliance process and ensure your business remains up to date with all regulations. 1. GST Registration If your business has an annual turnover exceeding the prescribed […]
A competent CA firm can significantly impact your business’s financial success. Here, we discuss five key reasons why hiring the best CA firm in Delhi is essential and how Sap Tax Hub LLP can be an invaluable partner. Reason 1: Expert Financial Planning Explain how a CA firm provides strategic insights to help plan and […]
The legal framework surrounding LLPs in India is straightforward, but missing key legal requirements during registration can lead to future complications. Here’s how to handle all legal aspects while registering your LLP. Key Legal Requirements for LLP Registration Minimum Number of Partners: An LLP must have at least two partners, of which at least one […]
Introduction to Indirect Tax Litigation: Indirect taxes, such as GST, customs duty, excise duty, and service tax, play a significant role in the tax regime. Disputes related to indirect taxes are common and often involve complex legal and procedural issues. Businesses may face litigation over incorrect tax payments, refund claims, classification disputes, and more. With […]
Input tax credit (ITC) is one of the most significant aspects of GST compliance, and businesses must ensure that their ITC claims are accurate and well-documented. During a GST audit, authorities may closely scrutinize ITC claims to ensure that they are valid. Common Issues with ITC Claims in GST Audits Incorrect or Inflated ITC Claims […]
With the growing emphasis on digitalization, the use of digital signatures in TDS filing has become increasingly important. Here’s why digital signatures matter: Authentication: A digital signature serves as a secure and reliable method to authenticate the identity of the person filing the TDS returns. It ensures that the documents are filed by the authorized […]
E-procurement processes increasingly rely on Digital Signature Certificates to facilitate secure and transparent transactions. Here’s a guide on using DSCs for e-procurement effectively. 4.1 Understanding E-Procurement E-procurement refers to the online process of acquiring goods and services. It involves various stages, including tendering, bidding, and contract management. A Digital Signature Certificate plays a crucial role […]
Public limited companies have unique compliance requirements when it comes to ROC filing. This section covers the key steps involved in the ROC filing process for public limited companies. Steps for ROC Filing: Board Resolution: Before filing, ensure that a board resolution is passed authorizing the filing of documents with the ROC. Prepare Financial Statements: […]
