The Companies Act, 2013 (‘Act’) introduced the concept of small companies to provide advantages for small businesses operating as private limited companies. Small companies have less annual revenue compared to regular-sized companies. In a developing country like India, small companies play a significant role in generating profits and boosting employment. Thus, they are the backbone of the economy. […]
Every company is required to file the Audited financial statement and annual return as per The Companies Act, 2013 within 30 days and 60 days respectively from the conclusion of the Annual General Meeting date. Filing of an Audited financial statement is governed under Sections 129 and 137 of The Companies Act, 2013 read with
According to the Income-tax Act, the deduction of expenses is typically based on the accounting method followed by the assessee. However, Section 43B outlines certain expenses that are deductible only on a payment basis, irrespective of the accounting method. The Finance Act of 2023 introduced a new clause (h) to Section 43B, emphasizing timely payments
Overview of the scheme Name of the scheme Rajasthan Girl Child Incentive Award Scheme. Starting date 2009-10 Benefit One time lump sum amount of Rs 5000/- per year to the girls pursuing graduation after securing 75% marks in class 12th examination. Nodal Department Department of Secondary Education, Rajasthan. application system Online through Rajasthan Shaladarpan Portal. About
Jaipur, the capital city of Rajasthan, is known all over the world for its palaces, medieval forts, and cultural festivals. With time, the city has beautifully amalgamated its age-old culture with modern infrastructure. Now, you can see modern bikes and cars running on the well-maintained roads of the city. If you are zooming around in
A Demat Account, also known as a Dematerialized Account, allows you to keep shares and assets electronically. Shares are purchased and stored in a Demat Account while online trading, making it easier for consumers to trade. A Demat Account consolidates an individual’s interests in stocks, government securities, exchange-traded funds, bonds, and mutual funds. what are depositories
Swanirbhar Naari is a state flagship scheme implemented by the Directorate of Handloom & Textiles, Assam, to support indigenous weavers and promote their traditional hand-woven items. The scheme ensures direct procurement from weavers without the involvement of middlemen, thereby providing them fair market access and improved remuneration for their craftsmanship. Under the scheme, a dedicated online
Scheme launched by GR शासन निर्णय क्र. योजना-२०१९/प्र.क्र.१२१/उद्योग ७ dated on 01.08.2019 Scheme will be implemented and monitored by Directorate of Industries (DOI), under the administrative control of Industries Department, Government of Maharashtra. The Scheme will be implemented through District Industries Canters (DICs), Maharashtra State Khadi and Village Industries Boards (KVIB) under the control of
In India, youth folk’s entrepreneurship desires seem to be on the upswing. The main factor about this is that there are currently several more technology options throughout the nation and enabling transforming a business is incredibly easy. The main export items made in the region are hand-print fabrics, marble statuettes and enamel products. Jewelry, brass
SWP stands for systematic withdrawal plan. Under SWP, if you invest lump sum in a mutual fund, you can set an amount you’ll withdraw regularly and the frequency at which you’ll withdraw. For example, let’s say you invested in HDFC Top 200 Fund an amount of ₹1 lakh for a year. Let’s assume that you decided to withdraw an
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