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# AN Bhutada & Co: We are Chartered Accountant in Pune. Provide services in GST , Auditing, Income Tax , Company formation , Accouting , Payroll processing.

## Sitemaps
[XML Sitemap](https://anbca.com/sitemap_index.xml): Includes all crawlable and indexable pages.

## Posts
- [Documents Required for GST Registration](https://anbca.com/documents-required-for-gst-registration/): Have you ever wondered which documents are needed to complete GST registration? Understanding these essential documents provides a clear path for your business and helps ensure that you meet the necessary legal requirements for smooth operations. Here is a complete list of the different documents required for GST registration.
- [How to Claim Tax Credit on Foreign Income of a Resident?](https://anbca.com/how-to-claim-tax-credit-on-foreign-income-of-a-resident/): The information above can help resident Indians understand how to claim tax credit on foreign income. Having the required documents in place and following the prescribed process is essential to avoid difficulties while claiming the credit.
- [What is Form 44 and How to Claim a Foreign Tax Credit?](https://anbca.com/what-is-form-44-and-how-to-claim-a-foreign-tax-credit/): To prevent the same income from being taxed twice, taxpayers in India can claim relief through the Foreign Tax Credit (FTC). To claim this credit, taxpayers are required to file Form 44 with the Income Tax Department.
- [Getting Foreign Tax Credit & How to Submit Form 44 (aka Form 67) Online?](https://anbca.com/foreign-tax-credit/): 📜 Form 44 of IT Act 2025 (Form 67 of IT Act 1961) is mandatory to file before claiming Foreign Tax Credit (FTC) while filing as a resident Indian (ROR) or during the RNOR period. Since this involves significant tax implications, every taxpayer wishing to claim FTC should understand the process and important considerations.
- [Comparing Private Limited Company and Limited Liability Partnership (LLP)](https://anbca.com/comparing-private-limited-company-and-limited-liability-partnership-llp-2/): In India, entrepreneurs have a plethora of business structures to choose from when establishing a company. Two popular options are Private Limited Companies and Limited Liability Partnerships (LLPs). Private Limited Companies, also known as Pvt Ltd companies, have been a longstanding presence in India’s business landscape.
- [Depreciation Rates for the Financial Year 2023-24 as per the Income Tax Act](https://anbca.com/depreciation-rates-for-the-financial-year-2023-24-as-per-the-income-tax-act/): Depreciation is a rule in the Income Tax Act that lets you subtract the decreasing value of things like equipment or property that you use for your business.
- [Comparing Private Limited Company and Limited Liability Partnership (LLP)](https://anbca.com/comparing-private-limited-company-and-limited-liability-partnership-llp/): In India, entrepreneurs have a plethora of business structures to choose from when establishing a company. Two popular options are Private Limited Companies and Limited Liability Partnerships (LLPs). Private Limited Companies, also known as Pvt Ltd companies, have been a longstanding presence in India's business landscape.
- [Establishing a Current Account for a Private Limited Company](https://anbca.com/establishing-a-current-account-for-a-private-limited-company/): A current account serves as the go-to choice for professionals, businesses, associations, trusts, societies, and institutions alike, offering a plethora of advantages over traditional savings accounts. With its flexibility and unrestricted transactions, it's the preferred banking option for businesses, traders, professionals, and institutions.
- [Gold Goods and Services Tax (GST): GST Rates for Purchasing Gold, Jewelry, Coins, Biscuits, and Bars](https://anbca.com/gold-goods-and-services-tax-gst-gst-rates-for-purchasing-gold-jewelry-coins-biscuits-and-bars/): This article thoroughly explores how the Goods and Services Tax (GST) applies to various forms of gold. GST now covers what used to be separate taxes like VAT, service tax, and excise duty on domestic transactions. It also introduces a tax on the making charges of gold jewelry. However, when importing gold from other countries, basic customs duty still applies, along with IGST.
- [IMPS Fees, Daily Transaction Ceiling, Transaction Limit, Transfer Duration](https://anbca.com/imps-fees-daily-transaction-ceiling-transaction-limit/): Immediate Payment Service (IMPS) stands as a swift conduit facilitated by banks, facilitating instant fund transfers between bank accounts. The key players in IMPS transactions encompass the sender, receiver (or beneficiary), banks, and the National Payments Corporation of India (NPCI).
- [Income Tax for NRI](https://anbca.com/income-tax-for-nri/): Taxes levied on citizens constitute the bedrock of the Indian economy. Non-Resident Indian (NRI) taxation, governed by the Indian Income Tax Act of 1961, pertains to individuals earning income beyond their home country's borders. 
- [Income Tax Slabs for Financial Year 2023-24 & Assessment Year 2024-25](https://anbca.com/income-tax-slabs-for-financial-year-2023-24-assessment-year-2024-25/): The income tax slabs vary between the traditional and modern tax systems. Additionally, the traditional tax system categorizes its slabs into three distinct categories.
- [ITR Filing Last Date FY 2023-24 (AY 2024-25)](https://anbca.com/itr-filing-last-date-fy-2023-24-ay-2024-25/): Taxpayers who submit their tax returns past the deadline will incur interest charges as per Section 234A, along with facing penalties under Section 234F.
- [CA Firms In Nanded For Articleship](https://anbca.com/ca-firms-in-nanded-for-articleship/): Nanded is developing city after Mumbai & Pune in Maharashtra. Nanded is also having renounce CA faculty for CA students. Nanded having quality infrastructure which are required for Manufacturing business. City is having good Manufacturing units due to which city is having good demand for Chartered Accountant in Aurangabad for Income Tax, GST , Audit etc. related work.  
- [Which ITR Should I File? Understanding the Different ITR Forms for FY 2023-24 (AY 2024-25)](https://anbca.com/which-itr-should-i-file-understanding-the-different-itr-forms-for-fy-2023-24-ay-2024-25/): ITR, or Income Tax Return, is a crucial component of tax compliance mandated by the Income Tax Act of 1961. This legislation not only outlines the various ITR forms but also provides clear directives on the requisite procedures. This article aims to provide a comprehensive insight into the definition of ITR (Income Tax Return) and the different types of ITR forms available.
- [Understanding TDS: How Section 194Q Affects Your Goods Purchases](https://anbca.com/understanding-tds-how-section-194q-affects-your-goods-purchases/): Hello Folks!!!
- [What is Authorized Capital of a Company ?](https://anbca.com/authorized-capital-of-company/): What is Authorized Capital of a Company ?
- [Submission of half-yearly Return by MahaRERA Agent](https://anbca.com/half-yearly-return-by-maharera-agent/): Now Maharashtra Real estate agent are required to submit Half yearly annual return From Financial year 2023-24. This year will have two parts one Apr 2023 to Sept 2023 and Oct 2023 to March 2024. The Object of Maharera Agent Half yearly return filing is to ensure transparent sale of plot , apartment , flat etc. Means a rera Agent registered before March 2023 is required to file Rera half yearly return. Real estate agents having turnover more then 20 Lac is required to disclose details of primary office.
- [How to Pay TDS](https://anbca.com/steps-to-pay-tds-for-fy-2023-24/): 4) Select Code -  Fees for Professional or Technical Services- 194J ( Code 94 J )
- [CA Turnover Certificate](https://anbca.com/ca-turnover-certificate/): There are many modes of certificate issued by Chartered Accountants. A Turnover certificate is issued by a Chartered Accountant which certifies total turnover for a given period. Turnover certificate gives assurance that the entity has turnover of the amount specified in the certificate. Turnover given in the certificate can be for one year for more than one year depending on requirement.
- [Networth Certificate For Visa](https://anbca.com/net-worth-certificate-for-visa/): In simple words, net worth is “Total Assets minus total Liabilities” Basically net worth is a financial indicator for any individual or a company. Its what you have left after you pay off all your liabilities. Net worth certificate for VISA be positive and also Negative depending upon the assets and liabilities position.
- [CA Certificate for Current Bank Account](https://anbca.com/ca-certificate-format-for-current-bank/): For carrying any business, current bank account in any bank is one of the basic and primary requirement. To open current account in any bank along with furnishing basic details such as PAN, address proof, aadhar card,etc. In some banks you are now required to give CA certificate for current bank account opening. CA certificate gives information about owner of business , nature of business , business start date etc.  In this article we will see about what is CA certificate for current bank account opening?, when it is required?, how to obtain and fees for obtaining certificate,etc.
- [Procedure for Foreign Company Registration in India](https://anbca.com/foreign-company-registration-in-india/): Indian government introduced various measures like such as PM Gati Shakti, single window clearance, GIS-mapped land Bank, reduced corporate tax rates, Make in India initiative to encourage foreign investment. Setting up and running Foreign company in India from requires compliance with various laws and regulations in India such as Companies Act 2013, Income tax Act 1962, FEMA 1999, SEBI Act, SCRA 1956, etc. India is developing country and have mass population this attracts Foreign companies to start business in India. India is welcoming foreign investments and making ease of doing business in India easy. Before start company formation process , owns need to give thought on entry strategy in India from taxation point , compliance points etc. A foreign national can establish a foreign company as a private limited company in India. FDI of up to 100% into a private limited company is permitted under the FDI policy under the automatic route. This article mainly gives guidelines about procedure for Foreign company registration in India.
- [Repatriation of funds of NRI from India](https://anbca.com/repatriation-of-funds-of-nri-from-india/): Repatriation of NRI funds refers to transferring funds from India to NRI’s country of residence (by way of bank account). Repatriation of funds by NRI should be made according to guidelines of Foreign Exchange Management Act (FEMA) , Reserve Bank of India (RBI), or any other applicable law as case may be.There are different types of accounts available for investment for NRI such as -NRE account, NRO account and FCNR account. In this article we will have complete guidance on repatriation of funds of NRI from India.
- [Benefits of filing ITR -Why should NRI file ITR](https://anbca.com/benefits-of-income-tax-return-filing-by-nri/): Income tax liability and scope of taxable income for any taxpayer depends upon his residential status in the financial year in which income accrues or arises to him. Hence it becomes very important to decide the correct residential status of a taxpayer. Taxpayer refers to any person be it individual, firm or company. Tax laws applicable to Non-resident Individuals (NRI) are different from tax laws applicable to resident individual. There are many benefits of Income tax filing by NRI such as claiming income tax return , carry forward of loss etc. Process for Income tax return filing for NRI is online. Income tax department launched AIS Annual Information Statement which can help NRI to disclose there taxable income in India. AIS captures all transaction such as share trading , tds , bank interest etc. Income tax department know much about your income. Hence its NRI disclose his status of residence and file income tax returns.
- [Professional Tax Return Filing](https://anbca.com/professional-tax-return-filing-pt/): Professional Tax Return Filing utility is made available on the www.mahagst.gov.in site. Professional tax utility excel based which need to be downloaded first , fill necessary details and upload on given site. Following are content of PT Utility
- [Real Estate Rera Agent Training](https://anbca.com/real-estate-rera-agent-training/): In Maharashtra, real estate sector is regularized by The Maharashtra Real Estate Regulatory Authority (MahaRERA) which was established by government. Main objective of this act and rules is to facilitate transparent, competitive and well managed effective real estate sector that provides safeguard to interest of sellers, buyers and real estate agents. For making real estate agent aware for legal process , invoicing , roles , responsibilities From May 2023 real estate agent training done mandatory. Now Real estate agent need complete training course and clear examination then he can become broker.
- [Checklist for GST Audit](https://anbca.com/gst-audit-checklist/): Like other audits, GST audit is the process of verifying records, returns and other related documents maintained by registered persons under the GST act. The purpose to conduct a GST audit is to examine the correctness of turnover declared, taxes paid, refund  & input tax credit (ITC) claimed and to verify that GST compliances are met properly. GST audit checklist is need for professional to cover all points during audit and reduce future legal notice demands.
- [Company Registration Fees in India](https://anbca.com/company-registration-fees-in-india/): Now a days, company is one of the popular form of business to start business in India. All types of company registrations are governed by Companies act,2013 under Ministry of Corporate Affairs (MCA) of Government. Cost of company registration varies on basis of number of shareholders, type of company, number of directors, capital,etc. Also from state to state company registration cost is different.  Punjab is state where company registration government fees is highest in India.
- [Checklist for Income tax audit for FY 2023-24](https://anbca.com/checklist-for-income-tax-audit/): Section is 44AB of Income Tax Act 1961 contains provisions related to tax audit. The primary objective of tax audit is to ensure that books of accounts are kept properly and computation is correct.
- [Capital Gain Taxability for NRI in India](https://anbca.com/capital-gain-taxability-for-nri/): Capital gain is gain raised on transfer of any capital asset. Transfer refers to sale, exchange, relinquishment, or extinguishment of rights in an asset by owner. Any capital gain earned from capital asset located in India is taxable in India. Long term capital gain is applicable for NRI who sold his house property after holding for 2 years. Income tax on Capital gain depends on whether is long term or short term capital gain. For calculation of capital gain for NRI its important to know date of purchase of asset / shares and date of sale. Long term capital gains are taxed at 20% and short term gains shall be taxed at the applicable income tax slab rates for the NRI based on the total income which is taxable in India for the NRI.
- [Difference between NRE and NRO](https://anbca.com/difference-between-nre-and-nro/): First, let's understand the basic meaning of Non Resident Indian (NRI).A person who is not a resident of India , is non-resident of India (NRI). In the case of an individual, a person is considered to be NRI if he stays in India for less than 180 days in preceding financial year or includes  people who left India for employment, business or any other reason for an indefinite period.
- [Checklist for NRI income Tax Filing](https://anbca.com/checklist-for-nri-income-tax-filing/): Income tax liability and scope of taxable income for any taxpayer depends upon his residential status in the financial year in which income accrues or arises to him. Hence it becomes very important to decide the correct residential status of a taxpayer. Checklist for NRI income Tax Filing is needed before filing tax return of NRI. Taxpayer refers to any person be it individual, firm or company. Financial year in Income tax implies a period of 12 months starting from the 1st day of April of the year. Many NRI stays outside India but investments in India for which they earn income in way of Interest , Capital Gain , Rental Income , Income form Govt Bonds etc. It is import for NRI to disclose Income earned in India via filing Income tax return and pay taxes. Filing NRI Income tax return is complicated hence Its important to work as per check list for NRI income tax filing. This check list can help NRI for Income tax return filing preparation. In this article we will see about conditions for determining NRI Residential status and NRI income tax filing.
- [Relevance of Professional Tax Registration in Maharashtra:](https://anbca.com/professional-tax-registration-in-maharashtra/): Professional tax is a tax that is levied by the state government.Professional Tax is direct tax deducted from your salary by your employer.The rate of professional tax differs from state to state. The Main act governing professional tax in Maharashtra is the Maharashtra State Tax on Professions, Trades, Callings and Employment Act, 1975.As per the Maharashtra Profession Tax Act, all individuals who are involved in work in a Government organization or private organization in Maharashtra and earn through any other mode must pay professional tax. Professional tax registration is online process , it takes 1-2 days to generate registration certificate. If your starting business in Maharashtra then Professional tax registration certificate is important to be compliance with legal provisions.
- [](https://anbca.com/main-objects-of-import-export-company/): Articles of Association (AOA) and Memorandum of Association (MOA) are two important doucments of every company. Memorandum of Association (MOA) states structure of company, scope of companies operations, powers and rights and any act violating MOA will be treated as void and ultra-virus. While drafting Main Objects Of Import Export Company need to ensure all areas realted to business are covered in object. 
- [CA Project Report for bank loan](https://anbca.com/ca-project-report-for-bank-loan/): To start ,run or expand any business or project “money, finance,capital” is as important as idea and execution.Every business tries to maintain their required cash flow and liquidity. But, as there are limitations to own funds and all time situations are not the same, many times business faces need for additional funds. In such cases, bank loans are considered  as one of the best sources of finance.
- [Net worth Certificate by Chartered Accountant](https://anbca.com/net-worth-certificate-by-chartered-accountant/): Net worth refers to the difference between total assets and  total liabilities of a person/entity. Net worth is considered as the most accurate & good indicator of the financial position of an entity/individual. Positive net worth is considered a good financial position whereas negative net worth is an indicator of bad financial position. Net worth certificate by Chartered Accountant can be prepared for Individual , Firm , LLP , Private Company etc. CA issue net worth certificate after verification of documents , records , invoices , bank statement etc. Increase in net worth is indication that person Assets over liabilities are increasing.  Major use of Net worth certificate issued by Chartered Accountant is for Visa , Loan processing , Business proposal etc.
- [Income Tax on Interest on Fixed Deposit by NRI](https://anbca.com/income-tax-on-interest-on-fixed-deposit-by-nri/): An NRI fixed deposit is a great way to invest money for NRI. In India NRIs have many fixed deposit options to choose from; some accounts provide facilities for investment in foreign currency only to protect them from currency fluctuations. India is one of the few countries in the world that offers high returns on Fixed Deposits and as a result  many NRIs have started opting to invest in fixed-income instruments in India like fixed deposits. Features of fixed deposit like good returns, minimum risk makes investment in FD more attractive option for NRI. If your NRI and considering investing funds in India then Fixed deposit is best option as it have complete tax saving and its risk free. Income tax on interest on fixed deposit by NRI on NRE account is tax exempt. However interest earned on NRO account is taxable and income tax department deduct tds on same. Purpose of keeping Income Tax exempt on Interest on Fixed Deposit by NRI is make India hub for investments by NRI and increase India foreign currency deposits. Indian government keet tax law related NRI friendly and simple. Fixed deposit investment is popular investment option for NRI. NRI need to open NRE account and crease fixed deposit for earning interest.
- [Taxation of Foreign Subsidiaries in India:](https://anbca.com/taxation-of-foreign-subsidiaries-india/): In an earlier article we discussed ways available for foreign companies for investment in India and compliances related to that. In this article we will see taxation policy, rates and other tax related compliances in relation to foreign subsidiaries in India. As per Section 139(1) of Income tax Act 1961 Foreign Subsidiaries companies registered in India is required to file income tax return. However paying income tax in India depend on whether company earning profit in India. After preparation of books of account of Indian company then tax calculation can be done. First, the Indian government taxes the income of foreign companies at a rate of 40% is generally the corporate tax rate applied to foreign-owned firms in India. Taxation of company depended on its residential status.
- [Change In Contribution In LLP](https://anbca.com/change-in-contribution-in-llp/): In case of LLP, if any partner wishes to change contribution in LLP, it mandatorily requires amendment in LLP agreement. Change in contribution in LLP does not result in any change in profit sharing ratio of partners unless it is specified in LLP agreement. With Pre defined condition in LLP agreement Or As Per Mutual Consent Partners Can Change In Contribution In LLP. Such change of capital contribution in LLP can be increase in capital or decrease in capital.  In this article we will discuss reason , process , steps for change in capital contribution in LLP.
- [GST Audit for FY 2022-23 :](https://anbca.com/gst-audit-gstr9c/): Before knowing what is applicability and process of GST lets first get basic understanding about what is GST, GST audit, its need and imporatance. Goods and Service Tax is an indirect form of tax levied on supply of goods and services. The main objective of GST in India is to stop the cascading effect of other indirect taxes. In India, there are 4 types of GST- Central Goods and Service Tax (CGST), State Goods and Service Tax (SGST),  Integrated Goods and Service Tax (IGST) and Union Territory Goods and Service Tax (UTGST). GST Audit for FY 2022-23 is applicable if turnvover is more then Rs 5Cr. There is no need of certification from Chartered Accountant firm for your GST audit of FY 2022-23.
- [All about Income Tax Audit u/s 44AB for FY 23-24](https://anbca.com/income-tax-audit-u-s-44ab-for-fy-23-24/): Under income tax any business cross certain turnover or meet contiation mentioned under section 44AB of Income tax act then Tax audit shall be applicabe. Tax Audit for FY 2023-24 is inspection or scrutiny of accounts by Chartered Accountant and reporting to Government authorities. Tax audit help to identify fraudulent activity , non compliances etc. After crossing of threshold turnover limit then Tax audit is mandatory. Assessee need to appoint Chartered Accountant firm produce then books of accounts , accounting records etc.
- [All about Income Tax Audit u/s 44AB for FY 22-23](https://anbca.com/tax-audit-fy-2022-23/): If any assessee to whom tax audit is applicable fails to get tax audit done within due date then penalty will be levied on assessee. And quantum of penalty will be least of following: Penalty for Tax Audit FY 2022-23 , AY 2023-24 as below
- [LLP registration for NRI and Foreign Nationals](https://anbca.com/llp-registration-for-nri-and-foreign-nationals/): LLP with foreign partner or NRI is the structure which is in long use globally, and proven to be advantageous for professionals and investors. By allowing incorporation of LLP with foreign partner, India has taken a great initiative which provide foreign investors benefit from inherent flexibility and tax efficient LLP structure. With make in India Initiative LLP registration for NRI and Foreign Nationals is online and easy process. Foreign nationals who want to invest in India want to explore Indian Market then LLP registration is one of simple mode of business.
- [Compliance for Indian subsidiary of foreign company](https://anbca.com/compliance-for-indian-subsidiary-of-foreign-company/): Statutory and Legal compliances for foreign companies in India are not only to be complied till incorporation but required to be continuously followed over lifetime of foreign companies in India. Legal compliance is the process by which company adheres to complex rules and policies which regulates business practice in particular jurisdiction whereas Statutory compliance is legal framework under which company must function all duties. Foreign companies registered in India has to check applicability of various laws such as companies act, income tax act, competition act, FEMA ,Labour Law, GST, etc. Additionally, the kinds and nature of compliance depends upon type of company and its incorporation, industry type & market size, turnover, etc. Law and Compliance for Indian subsidiary of foreign company in India are simple.
- [How to Register Subsidiary Company in India from Australia](https://anbca.com/register-subsidiary-company-in-india-from-australia/): Once company is ready with all required documents as given above, Register Subsidiary Company in India from Australia. It will take around 8-10 business days provided all document are correct and company will have unique name. If any clarification issued it may take up to 15 working days.
- [How to Register Subsidiary Company in India from USA](https://anbca.com/how-to-register-subsidiary-company-in-india-from-usa/): To register Subsidiary Company in India from USA, it requires to have minimum 2 persons and address in India. For establishing subsidiary company, company shall have minimum 2 directors and at least one of them should be Indian citizen and resident.
- [New 45 E filing forms on MCA 21 Version 3 ( Ministry  of Corporate affairs )](https://anbca.com/mca-21-version-3/): India ranks 63rd out of 190 containers in ease of doing business. To change this ranking Ministry of Corporate affairs will be launching MCA 21 Version 3. Currently stakeholder , Professional like CA , CS need to do company filing via downloading PDF forms. Fill details in PDF forms , sign then with dsc and then submit to MCA online. Purpose of MCA Version 3 is make this company related filing easy and smooth. The MCA21 V3.0 will not only improve the existing services and modules but will also create new functionalities like e-adjudication, compliance management system, advanced helpdesk, feedback services, user dashboards, self-reporting tools, and revamped master data services.
- [Актуальная ссылка на Кракен маркет официальный](https://anbca.com/l0-aktual-naia-ssylka-na-kraken-market-ofitsial-nyi/): Откройте для себя надежный способ доступа к Кракен маркетплейс, где обсуждаются актуальные ссылки и риски даркнета, помогая избежать ненужных проблем.
- [Professional Tax Enrolment Certificate – PTEC](https://anbca.com/about-ptec/): PTEC stands for Professional Tax Enrolment Certificate. Professional Tax is collected by the State Government on Salaried and business people. This tax is in addition to any other taxes such as Income Tax, Indirect tax (GST) etc. Usually these registration is required to conduct business in Maharashtra & many other states. Business are required to pay Rs. 2500/- to Maharashtra Goverment as PTEC.
- [Caught Error Description as null  ?](https://anbca.com/caught-error-description-as-null-income-tax-error/): Caught Error Description as null is a common error at time of filing income tax return for Private Limited company and LLP.  This error pops up at time of uploading xml file at the income tax site.
- [Can employee become Director of Private Limited company ?](https://anbca.com/can-employee-become-director-of-private-limited-company/): Hence an employee can become Director of Private Limited company provided his existing employment agreement allows. One must check his / her employment agreement before becoming director in company.
- [Minimum Capital required for Partnership Firm](https://anbca.com/minimum-capital-required-for-partnership-firm/): In India, in case of Private Limited Company, OPC , Public limited company there is a requirement of minimum capital. However there is no Minimum capital required for partnership firm. Legally there no concept of minimum capital requirement in case of partnership firm.  In Partnership firm Partners mutually decide minimum capital for firm registration. 
- [Board Resolution Format to Close LLP](https://anbca.com/resolution-format-to-close-llp/): Where partners decide to close / strike off LLP then partners need to submit Form 24. Under form No. 24 partners need to inform Government authority about partners who have taken the decision to close LLP. Partners need to prepare & sign Board Resolution to Close LLP. Below is sample format for understanding purposes. Such legal documents must have LLP name , date , address , LLP details etc. Partners need to print LLP closure board resolution on LLP letter head and sign its.
- [Can close LLP without annual filing of LLP ?](https://anbca.com/close-llp-without-annual-filing/): No. You cannot close LLP without its mandatory LLP annual filing. LLP closing provision is given in in clause (b) of sub-rule 1 of Rule 37 of LLP Rules 2008.  As per the legal provision before closing LLP its important then LLP annual compliance must be upto date.  Some time LLP strike of is common when its have a limited transaction or business propose is not solved or LLP is in Losses. As per LLP Act 2008 LLP need to submit annual form No 11 and Form No 8 after the closure of the financial year.
- [Can a Salaried Person become a partner in an LLP?](https://anbca.com/can-a-salaried-person-become-a-partner-in-an-llp/): Are you salaried person and wish to become Partner in LLP ? The answer is Yes. In India you can run as many businesses as you wish. Any salaried person can become partner in Limited Liability partnership firm. However he / she need to check whether the employment contract allows. Most of time if any one working with MNC companies these companies have an employment agreement. Such agreement have conditions that shall not apply anywhere for any kind of employment or involve in any other business, then you cannot become a partner in LLP or any other business structure.
- [Income Tax Return filing For Crypto Currency , Bitcoin](https://anbca.com/income-tax-return-filing-for-crypto-currency-bitcoin/): Now a days with digital era many individual make investment in Crypto currency and some of do trading in Crypto Bitcoin. Many of companies have made it official that they will accept payment in Crypto. In India taxation of income of Crypto was in grey area. There was confusion about tax payers about taxation of Crypto Bitcoin in India. Profit eared from investment or bitcoin trading is taxable in India. for individuals earning a specified amount of income in a year. We need to understand Cryptocurrency taxation India with below examples.
- [Start Digital Marketing Agency in India](https://anbca.com/start-digital-marketing-agency-in-india/): Digital marketing agency business is growing in India. Did you know that digital market spending is supposed to climb to $375 billion by 2021?  Digital marketing industry is fast growing as well as competitive industry. Due to too much use awareness to social media platform this business is at boom. This is right time to start digital marketing agency in India. Before registration of digital marketing business its import to understand simple guile How to Start Digital marketing business. For successful business operation you need to take care of registration formalities, taxation , compliances etc. So let’s get started on this exciting journey of starting a digital marketing agency and hope you will be able to get the maximum value out of these posts.  
- [Income Tax Consultant In Aurangabad](https://anbca.com/income-tax-consultant-in-aurangabad/): Income Tax Consultant in Aurangabad. We offer reliable best income tax filing services in Aurangabad. We offering tax filing , tax advisory , tax & GST consultant & tax planning services at fair market price. Our firm offers income tax filing services in all areas of Aurangabad our services are complete online. We are one stop solution for your income tax consultancy & filing services.
- [Format of Board resolution on Investment U/S 186](https://anbca.com/format-of-board-resolution-on-investment-section186/): Like humans, a corporate or a company also needs loans or investment to be made which are covered u/s Sec 186 of Companies Act, 2013.
- [Can subsidiary company invest in Holding Company](https://anbca.com/subsidiary-company-invest-in-holding-company/): In todays globalized world, we every now and then come across the word “Subsidiary Company” or “Parent company”. As name presents Parent company is main company in this relation. Now as question may come as can subsidiary company invest in holding company ? Or Can subsidiary company own shares in Parent company ? what exactly these terms means, let us see in detail.
- [Procedure for Removal of Director from Company](https://anbca.com/procedure-for-removal-of-director-from-company/): You may wonder as that whether a director can be removed from a company by shareholders of company without will of that director? The simple answer to this question is “Yes”. A director can be removed by shareholders of the company except-
- [Board Resolution for appointment of Company Secretary](https://anbca.com/board-resolution-for-appointment-of-company-secretary-6-steps/): A company Secretary is a Key Managerial Personnel of the Company. He is an employee of the company, even though he ranks a very high position in the company. Designation of Company Secretary is almost Chief Executive and nearly close to the designation of director. He is regarded as legal expert officer, pursuing mastery in Companies Act, 2013 along with FEMA Act, 1999 also contributing towards Income Tax Act 1960.A company Secretary involves in general decision making of the company and is expected to give lawful opinions whenever needed.
- [Board Resolution for Surrender of Directors Identification Number (DIN)](https://anbca.com/board-resolution-for-surrender-of-directors-identification-number-din/): DIN means Directors Identification Number. It is 8 digit number, allotted to every person who desires to be director of the company. Any company whether Private limited or Public company, has directors as key managerial personnel who are responsible for managing and smooth operation of business. With an intention of avoiding confusion, separate DIN numbers are allotted to every individual who wishes to be director of Company. But what happens if you are under obligation to surrender your DIN number?? Yes surrender of DIN may be required to comply as per the provisions of Companies Act, 2013. There are circumstances whereby you may asked either by the department or your own obligation to surrender DIN. Board Resolution for surrender of DIN is required to be passed in the board meeting of the company.
- [Procedure for appointment of Additional Director](https://anbca.com/procedure-for-appointment-of-additional-director/): Additional Director is a director who is appointed by Board of directors in the Board Meeting. Usually a director is appointed by shareholders in Annual General Meeting or Extra Ordinary General Meeting of the Company. But in case of additional director, the directors have authority to directly appoint him in board meeting on a condition that in upcoming Annual General Meeting or Extra Ordinary General Meeting additional director should be regularized in such meeting to normal designation of directorship by filling of form DIR-12 for his appointment. Sec 161 lays down procedure for appointment of additional director in private limited company.
- [Board Resolution for Rectification of name of the Company](https://anbca.com/board-resolution-for-rectification-of-name-of-the-company/): The name of the company throws first impression in the minds of the customers. It is very important for entrepreneur to choose appropriate name while registration of the Company. Rectification of name of the company takes place when any entrepreneur makes a representation or application to the Central Government i.e Regional Director of concerned zone on the grounds that the name opted is inappropriate or nearly resembling or identical to the name of existing companies/ LLPs or Trademarks registered under Indian Trade Marks Act, 1999.
- [Rectification in name of the Company under Company Act, 2013](https://anbca.com/rectification-in-name-of-the-company/): What comes in your mind when you think of any company? Yes, it’s the name of Company. It is of foremost impression when we hear it for the very first time. When an entrepreneur have an intention to register a new company, the initial step is to decide name for his company. To choose name of company is not easy task as it seems to be. Numerous do’s and don’ts under Companies Act, 2013 are specified for choosing name of company which can in turn be challenging for entrepreneur to have name of his choice. It may happen that the name which entrepreneur decides for his company is already registered by some other entrepreneur so in such case, he won’t be able to apply for same name. It will be rejected by the CRC, Delhi (Ministry of Corporate Affairs). Many times, after registration of Company or during incorporation, the concerned Registrar of Company (ROC) may order to rectify name if it comes to notice that the existing name is opted in contravention with Rule 8 of Companies (Incorporation) Rules, 2014. Sec 16 deals with Rectification in name of the Company under Companies Act, 2013.
- [Related Party Transaction as per AS-18](https://anbca.com/related-party-transaction-as-per-as-18/): When a company gets started, it brings a package of lots of legal compliances along with it. Registration of company might be a few steps procedure, but once registered, it needs continuous compliances in some or the other form so the responsibility of entrepreneur is quite high in terms of governance to get it done from professional expertise. Companies Act, 2013 has mandated u/s 129 for every company to prepare its financial statements going simultaneous compliance with the accounting standards as mentioned in sec 133 of Companies Act, 2013. Related Party Transaction is a very vital concept in today’s globalized world where transparency is the basic need expected from every company.  Related Party Transaction as per AS-18 (Accounting Standard 18) is discussed corely in this blog.
- [Related Party Transactions under SEBI](https://anbca.com/related-party-transactions-under-sebi/): The term Related Party is often used in the company while any sought of disclosures are required to be made by the Company.As the company grows, there are many new investors participating in it. Thus it becomes necessary to ensure utmost transparency by companies. Lets get started with some basic concepts in related party transaction under SEBI.
- [Related Party Transactions under Companies Act 2013](https://anbca.com/related-party-transactions/): As the company is on peak and growth path, the involvement of various investors also begin to escalate. The stakeholder’s participation is another vital involvement in the company. Thus it is but obvious that the role of transparency emerges.it becomes prime for the companies to maintain utmost transparency in the overall company related disclosures. Companies Act, 2013 has taken topmost care to formulate frame legal provisions for exact financial disclosures by the company to the stakeholders and other investors. Related Party Transaction under Companies Act, 2013 is most important concept in conserving transparency. Lets get started with in dept topic of Related Party Transaction.
- [Types Of Director in Private Limited Company](https://anbca.com/types-of-directors-in-a-private-limited-company/): Director are person responsible for running Private Limited Company operations. They Act on behalf of company of day to day activities. Directors get appointed by Board of company. Maximum 15 directors can be appointed in company. It is necessary to understand various types of director. In this article we discussing about types of Director in Private Limited company.
- [Board Resolution for Transmission of Shares](https://anbca.com/board-resolution-for-transmission-of-shares/): Transmission of shares means when a shareholder dies, his ownership of shares gets transmitted to legal heirs. It is a quite natural process. On death of shareholder, the survivor’s needs to make a transmission request to the company along with specific list of documents as required to be submitted. If the company gets satisfied with the application and finds it full fledge, it will approve the transmission request and if the documents are incomplete, it may refuse the transmission request. On refusal if request it is the duty of the company to communicate the refusal within 30 days from the date of transmission request form. Board resolution for transmission of shares is required to authorize any person on approval from board of directors to carry on all deeds, acts and things as may be necessary to give effect to procedure for transmission of shares.
- [Unsecured Loans from Directors](https://anbca.com/unsecured-loans-from-directors/): Yes. A company can definitely take loan from its Directors. You might have frequently came across with the word “Directors”. Director is the one who gives direction to the company, carrying lot of responsibilities in managing the affairs of the company. Director of a company is the one who is elected by the shareholders of the company for the overall management of the company .Since a company is an artificial person created by law, it can operate only through a natural person and here comes the role of directors. To meet the financial need of the company also forms an important part of directors responsibility. Why would a company source finance from the third party if there is an option of accepting loans from their directors? A company can borrow unsecured loans from directors of the company. Thus opting unsecured loans from directors is also economical as compared to loans from any other financial institutions.
- [Procedure for Transmission of Shares](https://anbca.com/procedure-for-transmission-of-shares/): Shares means share in ownership of the Company. When a company gets started, there are original shareholders at the time of registration of the company. It is not mandatory that the same shareholders will continue lifetime, shares gets transferred from one shareholder to another due to many reasons. This is natural process. You might come across the word transfer of shares multiple times. But one more concept has vogue. Transmission of shares. Transmission of shares means whenever there is sudden death of the director or shareholder, in such event the ownership of shares passes on to legal heirs. Procedure for transmission of shares is laid down in sec 56 of the Companies Act, 2013.
- [Audit of Private Limited Company](https://anbca.com/audit-of-private-limited-company/): Congratulation You Registered your company. Now its time to update your self for Audit of Private Limited Company. Company Act 2013 made it mandatory for Audit of company irrespective of its turnover or nature of company. All Private Limited company required to maintain there books of accounts. Its company directors responsibility to get its books of accounts audited. Company need to appoint practicing Charted accountant for auditing.
- [Board Resolution for appointment of Internal Auditor](https://anbca.com/board-resolution-for-appointment-of-internal-auditor/): An internal Auditor is a qualified professional appointed as per the requisites of sec 138 of the Companies Act, 2013. Audit means pre scrutiny of all accounting and financial records of the company in order to rectify blunders if any within right time. To manage a company is not as simple as it seems. It needs continuous efforts to comply all the legal checklist of the company. Audit plays active role in reflecting the true and correct view of the state of affairs of the company. Board resolution for appointment of Internal Auditor specifies in detail about the authorized person to carry on the process of appointment of internal auditor, details of director/Managing Director to do all needful.
- [Draft Board resolution on Remuneration for Directors](https://anbca.com/board-resolution-on-remuneration-for-directors/): Directors are the heart of companies. They are responsible for ensuring the smooth affairs of the company. Continuous efforts are framed by directors to make company more successful. Future well-being of the company highly depends on strategies and planning of the board of directors. The services provided by directors are liable for reward, and this reward is termed as ‘remuneration’. Simply, remuneration means compensation paid to the directors of the company by way of professional fees, salary with the prior approval of shareholders and board of directors of the company. Managerial remuneration is the reward paid to the directors or key managerial personnel (KMP) for the professional services provided by them.
- [Remuneration of Director](https://anbca.com/remuneration-of-director/): When a company gets started, board of director, employees, back office staff, plays a key role in smooth functioning of the business. Like, employees are paid reward in form of Salary, same way board of directors are paid in form of remuneration for their work as reward. Managerial remuneration includes pay, compensation or reward for any work which is performed by a managerial person. A key managerial person (KMP) is well defined in Companies Act, 2013. KMP refers to people who have authority and responsibility for directing, planning and controlling the activities of the company. Chief Executive Office, Chief Financial Officer, Company Secretary, Whole Time Director are the Key Managerial Personnel. The concept of KMP is very important to understand for in depth knowledge of remuneration of directors. Companies Act, 2013 has restricted the overall limit for the managerial salary / remuneration of directors.
- [Role of CA in LLP Audit](https://anbca.com/role-of-ca-in-llp-audit/): Limited Liability Partnership (LLP) is an incorporated partnership formed and registered under the Limited Liability Partnership Act, 2008 with limited liability and perpetual succession. It is a separate legal entity. As in case of Private Limited company Audit is mandatory however in case of LLP audit is applicable on certain conditions. In this article we discussion about LLP audit applicability , due date, audit report and annual compliance.  
- [Types of Partners in Partnership Firm](https://anbca.com/types-of-partners-in-partnership-firm/): Partnership firm is result of Mutual agreement between Partners. Partnership firm run business as per its partnership agreement. In Firm , partners carry business of firm. As per nature , capacity and required partners can decide there role in firm , in loess in profit etc. Some Partners may wish to contribute money but no participation in day to day activities or vise versa. Some partners are will to take active participation in firm and more liability. Some partner just want to lend there name in firm. Due to such variety of Roles there are different Types of Partners in partnership Firm.
- [Role of Auditor in OPC Audit](https://anbca.com/role-of-auditor-in-opc-audit/): OPC Audit is examination books of accounts by Chartered Accountant. Auditor express his opinion about OPC Books of account on accuracy of books of accounts. Its responsibility of OPC Director to get books of accounts audited every year.
- [Special Resolution for shifting of registered office from one state to another](https://anbca.com/resolution-for-shifting-of-registered-office-from-one-state-to-another/): A registered is an official address for all types of correspondences or communications on behalf of the company. Sec 12 of Companies Act, 2013 regulates the provisions in terms of registered office. It is mandatory for every company to have its registered office within 15 days from the company registration. A company can change its registered office any time during its operations. As per Companies Act, 2013 a company can change its registered office in four ways-
- [Format of special resolution for shifting of registered office of Company from one ROC to another within same State](https://anbca.com/resolution-for-shifting-of-registered-office-from-one-roc-to-another/): Registered office of the company is an official address for all types of correspondences or communications on behalf of the company. As per the provisions of sec 12 of Companies Act, 2013 it is mandatory for every company to have its registered office within 15 days from the date of incorporation of the company. Thus, it is an obligation on part of entrepreneur to make sure that the company furnish return for verification of its registered office within 30 days after registration. However it is crystal clear from above that registered office of the companies need to comply all the legacy related to change in registered office if any. Once a company gets registered, it can change its registered office any time following a proper code of conduct and adherence of Companies Act, 2013. Format of special resolution for shifting of registered office from one ROC to another within same State is prescribed in the provisions and rules of Companies Act, 2013.
- [Format of Board resolution for shifting of registered office outside the local limits](https://anbca.com/format-of-board-resolution-for-shifting-of-registered-office-outside-the-local-limits/): Company registration task is not as simple as it seems to be. An entrepreneur needs lot of pre-construction work before registration of company like searching for place of business, paper work, application of license if any etc. Place of business is an official address for communication for companies or any other legal entity. Registered office is prima facie requirement while company incorporation for receiving all types of office correspondence or communications in future. Format of Board resolution for shifting of registered office outside local limits is prescribed in the Companies Act, 2013.
- [Board resolution for shifting of registered office within same city](https://anbca.com/board-resolution-for-shifting-of-registered-office-within-same-city/): A registered office is an official address for newly incorporated company, or any other legal entity. Every company has its own registered office for receiving all types of office correspondence or communications on behalf of the company. As a common practice, companies maintain books of accounts at its registered office only however it is not mandatory to maintain books of accounts at its registered office, it may have some other place of business for the same. It is not necessary that a company will have same registered office throughout its lifetime span. Often companies have to change their registered offices due to yen number of factors. Board resolution for shifting of Private Limited Company registered office within same city is prescribed in the Companies Act, 2013.
- [Format of board resolution for Removal of Director](https://anbca.com/board-resolution-for-removal-of-director/): Director can be removed by the shareholders of the company provided it should adhere to the provisions of Companies Act, 2013. As we all know that directors are always answerable to shareholders of the company. Being the owners of the company, it is not possible for the shareholders to handle the business routine and thus here depicts the role of directors of the company. Format of board resolution for removal of director is prescribed in the provisions Companies (Appointment and Qualification of Directors) Fifth Amendment rules, 2019. Shareholders can remove the director any time before the expiry of his tenure except any director which is appointed by the tribunal or any court of law. Download Board resolution for removal of director from company
- [Board resolution for Name Change of Company](https://anbca.com/board-resolution-for-name-change-of-company/): It is an interesting fact to know that a company can any time change its name as per the provisions of Companies Act, 2013. When an entrepreneur sows an idea to register a company, the first thing he does is choosing a unique name for the business. But it is not necessary that the entrepreneur will go with the same name lifetime of the company. There are some logic behind change in name of the company. Board Resolution for name change of company is must. Company can change name by conducting a board meeting and pass Board Resolution. There are two type of board resolution one is regular board resolution and second is special board resolution to change company name. In this article we given Format of board resolution to change Private Limited company name. Download Board resolution to change company name. 
- [Procedure to Change Of Nominee In One Person Company](https://anbca.com/change-nominee-in-one-person-company/): The Nominee must give a written consent of being a nominee in e-Form INC-3 which will be filed with the Registrar during incorporation of OPC along with the Memorandum and Articles of Association. However there can be situation to change or remove nominee from OPC company. Such as Nominee want to withdraw his consent etc. One Person Company will file the intimation of change of nominee with the consent of new nominee in e-Form INC-4 within 30 days of receiving such intimation for change. In case Nominee becomes in charge of One Person Company due to cessation of original member by way of death or incapacity, then it is mandatory to appoint new nominee as substitute within 15 days of becoming member. In this article we discussing about procedure to change Nominee in One Person company and list of documents required to remove nominee. 
- [15 Interesting differences between MOA and AOA of the Company](https://anbca.com/differences-between-moa-and-aoa-of-the-company/): An entrepreneur is consistently on thrilled mode when he starts a new business. There are plenty of ideas running in his mind once the business gets started. When a company gets set up, it is a legal entity, governed by the Ministry of Corporate Affairs. It becomes paramount for an entrepreneur to know the dos & don’ts of the legal provisions of a company after registration. A company is mainly governed by two principal documents commonly known as ‘Memorandum of Association’ which is also called as company’s charter document and ‘Articles of Association’ which describes the company’s set of rules and regulations. Consequently, drafting of these documents is on one of the most crucial step in any company. Let us know 15 interesting differences between MOA and AOA of the Company. First lets have a detail note on meaning and role of Articles of Association and Memorandum of Association of the Company.
- [Appointment of Auditor in case of Casual Vacancy](https://anbca.com/appointment-of-auditor-in-case-of-casual-vacancy/): Companies Act, 2013 has laid down various provisions and sections in terms of appointment of auditor of the Company. Once a company gets registered there are lot of legal binding on the newly incorporated company to be complied within the stipulated time frame. As per the provisions of sec 139(1) of the Companies Act, 2013, company needs to appoint an Auditor within 30 days from the date of incorporation of the Company. A company being an entity created by law, needs an auditor to conduct yearly statutory audits of the company for timely reflection of true and fair views of financial disclosures. Casual vacancy means a vacancy which is unpredictable and caused due to death, resignation, disqualification of the Auditor. Appointment of Auditor in case of casual vacancy is regulated by sec 139(8)(i) of the Companies Act, 2013.
- [Appointment of Auditor in Public Limited Company](https://anbca.com/appointment-of-auditor-in-public-limited-company/): A public company is a company formed by minimum of 3 directors with no restriction on maximum number of members for incorporation under Companies Act, 2013. Public Limited Company is also covered under the definition of “Company” as covered under the Companies Act, 2013. All companies except Government company are under obligation to appoint first Auditor of the company within 30 days from the date of incorporation of the company. Once the company is registered, first meeting of Board of Directors is conducted for discussing various business matters and take overall review of the business. If the company fails to appoint auditor in board meeting within 30 days then the shareholders may appoint the first auditor of the Company within 90 days from the date of incorporation of the company. Format of Board Resolution for Appointment of Auditor in Public Limited Company  is prescribed in sec 139 of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014.
- [Appointment of Auditor in OPC](https://anbca.com/appointment-of-auditor-in-opc-company/): One Person Company (OPC) is a one person company which is incorporated under the Companies Act, 2013 and fully managed and controlled by a single person. OPC is covered under the definition of “Company” as defined under the Companies Act, 2013, thus it is mandatory for OPC to appoint first Auditor of the Company like other companies in India. Once the OPC is registered, first meeting of Board of Directors is conducted by single director to implement various legal provisions like appointment of auditor, filling of various forms with Ministry of Corporate Affairs (MCA) etc. If OPC fails to appoint auditor in board meeting within 30 days then the shareholders may appoint the first auditor of the Company within 90 days from the date of incorporation of the company. Format of Board Resolution for Appointment of Auditor is prescribed in sec 139 of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014.
- [OPC Audit](https://anbca.com/all-about-opc-audit/): As per section 2(62) of the Companies Act, 2013, “One Person Company” means a company which has only one person as a member. Audit of OPC is examination of books of books of accounts of company by outside agency. Purpose of OPC audit is check & verify books of accounts & get opinion by agency. In India Practicing chartered Accountants are eligible to conduct OPC statutory audit. When an auditor audits the accounts or inspects key financial statements of a company, the findings are usually put out in a report. As like Private Limited Company , audit of OPC Is mandatory
- [GST On Rate and SAC Code on Real Estate Commission](https://anbca.com/gst-on-rate-and-sac-code-on-real-estate-commission/): Real Estate Agent is professional who make arrangement for real estate transaction. He bring together buyer and sellers for negotiation of property. Real Estate agent provide professional services for commercial , non commercial , residential property deals. Real estate agent get compensated by way of Real estate commission , real restate brokerage , fees etc.
- [One Person Company GST Registration](https://anbca.com/opc-gst-registration-process/): Below are steps for One Person Company GST Registration. Process for GST Registration is complete online.
- [Income Tax Rate For One Person Company FY 2022-23](https://anbca.com/income-tax-rate-for-one-person-company/): Company Act 2013 introduced us new concept of single owner company that is One Person Company. As name presents its company of one person. Its similar to private Limited company however in compliances there is relief for OPC Company. OPC is not recognized in Income Tax Act 1961. For taxation purpose One person company is treaded similar to Private Limited Company. Each OPC company registered in India need to file income tax return. OPC income tax filing due date for FY 2021-22 is 30 September 2022. OPC ITR filing is mandatory even though OPC have no profit or no transactions. Income Tax Rate for One Person company is 25% . Below is details of Income Tax rate for One person company. Over and above income tax surcharge & Education cess is applicable.
- [One Person Company Turnover Limit](https://anbca.com/one-person-company-turnover-limit/): One Person company is new concept of Companies Act 2013. Company get registered with one person. Its self employment and single ownership. Only a natural person who is citizen of India can apply for One person company registration. The company have one share holder and one nominee. Name of member get registered with ROC. OPC is a legal entity separate from its member, offering limited liability protection to its sole member. Companies Act 2013 given certain limitation for One person company paid-up-share capital & its turnover. If one person company exceed given limit then OPC shall cease to be entitled to continue as a One Person Company. One shall required to convert it self to Private Limited company.
- [How to File Income Tax Return of OPC](https://anbca.com/how-to-file-income-tax-return-of-opc/): OPC directors are responsible for Annual income tax filing. Now as OPC Director you must be having questions as How to File Income Tax return of OPC ? What is Income Tax rate on OPC Company ? Procedure to file income tax return of OPC ? In this article we discussing about Income tax filing of One person company.
- [Annual Compliance for OPC](https://anbca.com/7-annual-compliance-for-opc/): One person Company means a company which is wholly managed and controlled by a single person. The management of OPC comprises of only one person which consists of 100% of shares in that company. All the important decisions related to OPC are taken by the director itself. Section 2(62) of Companies Act 2013, defines OPC as a company which has only one person as a member. In India, OPC can be registered only as a Private Limited Company. Thus all the legal provisions which are applicable on Private Limited Company are also applicable on OPC. A Private Limited Company needs to comply with some statutory compliances under Companies Act, 2013, similarly there are some provisions for Annual Compliance for OPC which needs to be complied every year. Hence ROC Filing for One person Company (OPC) is mandatory. In this article we discussing about Annual compliance check list for OPC.
- [Format of Resolution for Appointment of Auditor in LLP](https://anbca.com/format-of-resolution-for-appointment-of-auditor-in-llp/): Limited Liability Partnership is combination of Private Limited company and Partnership firm. LLP Partners are responsible to maintain LLP books of account.  In case of companies Statutory audit is compulsory. However in case of LLP audit is applicable if LLP whose turnover exceed Rs.40 lakhs or whose contribution exceed Rs.25 lakhs in any financial year. Under LLP statutory audit LLP shall appoint Chartered Accountant firm to carry audit of LLP. Partners shall pass resolution for appointment of auditor in LLP. In LLP Act 2008 there is no specific format pass resolution for appointment of auditor , however below is sample resolution for reference.

## Pages
- [COMPANY REGISTRATION IN PUNE](https://anbca.com/company-registration-services-in-pune/): A: Company registration in Pune costs ₹5,800 all-inclusive with ANBCA & Co. for a Basic Private Limited Company package, covering DSC, DIN, name approval, MOA/AOA, and statutory registrations. Industry-wide, professional fees range from ₹1,499 to ₹30,999 depending on what's bundled.
- [Income tax consultant in pune](https://anbca.com/income-tax-consultant-in-pune/): Whether you're a salaried professional in Kharadi, a freelancer in Kothrud, a business owner in Bhosari, or an NRI with property income in Pune, choosing the right tax regime and filing an accurate, on-time return can save significant money and prevent notices. Since Budget 2025, the new tax regime is the default option with revised slabs and a higher rebate, making the old-vs-new regime decision more important than ever for FY 2025-26. This guide covers current tax slabs, the regime comparison, ITR deadlines, documents needed, and how a Pune-based CA-led income tax consultant can help — from simple salary returns to notice replies and NRI taxation.
- [GST Consultant in Pune](https://anbca.com/gst-consultant-in-pune/): Whether you're a freelancer in Baner, a manufacturer in Bhosari MIDC, a trader in Nana Peth, or an IT services firm in Hinjewadi, GST registration is the first compliance step to invoicing legally, claiming Input Tax Credit, and doing business with larger clients or e-commerce platforms. But registration is only the beginning — GST is a monthly or quarterly compliance obligation, and most businesses in Pune eventually need a dependable GST consultant, not just a one-time registration agent. This guide covers both: how to register for GST in Pune step by step, what it costs, and how ongoing GST consultancy (returns, notices, audits, and advisory) works with a CA-led team.
- [LLP Registration in Pune](https://anbca.com/llp-registration-in-pune/): LLP registration in Pune involves 5 steps: (1) obtain Digital Signature Certificates for all partners, (2) apply for a Director Identification Number (DIN), (3) reserve a unique name via RUN-LLP, (4) file the FiLLiP incorporation form with the MCA, and (5) draft and file the LLP Agreement (Form 3) within 30 days of incorporation.
- [Gst Refund For Service Exporter Consultant](https://anbca.com/gst-refund-for-service-exporter-pune-consultant/): GST Refund For Tax Paid By Service Exporter is defined under Model GST Law as refund of tax on goods / services exported out of India or on inputs or input services used in the goods / or services which are exported out of India, or refund of tax on supply of goods regarded as “deemed Exports’ or refund of unutilized input tax credit. In simple terms where a service exporter is not in position to utilize the GST paid in input services such as office Rent, Audit Fees, Manpower supply services , professional services etc. which are used for providing export of services in that case exporter eligible to apply for refund of GST paid by exporter. By taking GST refund by service export its working capital increases.
- [ESOP Consultants](https://anbca.com/esop-consultant/): Employees Stock Option plan (ESOP) is a plan where company awards stocks to employees based on there performance , duration of employment. ESOP option is no mandatory for employees its call to action. Means its call option, employee have right to avail ESOP. Objective of ESOP is to motivate & retain employees in company. Most of company issue ESOP in phased manner. Rather than giving ESOP to all employees a criteria is created. ESOP works as to save current cash flow Burdon, company issue esop at end of financial year to employee its an incentive to remain in company. Employees also get benefit for acquiring shared of companies at Nominal value so later on it can sell share and gain profit. Most of companies have success stories where employees gained good amount from ESOP option.
- [POSH Registration](https://anbca.com/posh-registration/): POSH Registration is mandatory for Every employer having 10 or more employees must constitute an Internal Complaints Committee (ICC) within the Organization to handle complaints of sexual harassment. POSH Registration is applicable for all entities such as Private Limited , Public Limited , Government Sector , NGO , Colleges and School.
- [Zoho Accounting](https://anbca.com/zoho-bookkeeping/): Zoho Books is online cloud bookkeeping software. This software is popular due to its features and reasonable pricing. Zoho books is suitable for small and medium size of business to raise invoice , maintain accounting and get paid online. In India Zoho books is GST ready software mean it have Invoice format as per GST , accounting tools as per GST Law requirements. Best feature is all data of accounting and invoices are saved on cloud. We are Chartered Accountant firm having expertise in Zoho Books Accounting. We are certified Zoho books consultant. Our services includes cloud accounting , bank reconciliation , accounts payable and receivable management , reporting to management. We provide Zoho Accounting services in Pune , Mumbai , Delhi , Bangalore , Chennai , Hyderabad.
- [Home](https://anbca.com/)
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- [Virtual CFO](https://anbca.com/virtual-cfo/): Chief Financial Officer is key person who is responsible for managing day to day financials , budgeting , Growth Plan etc. This persons provide dynamic support in companies business decisions. Business need a person who can take care for expansion. Virtual CFO services is end to end outsourcing of business accounting , compliances , budgeting etc. to one professional partner. Our services enable you to have one person to look after accounting , tax consultant , CA , CS , Labour Law consultant. We offer you cost effective services with best pricing model.
- [Payroll Outsourcing](https://anbca.com/payroll-process-outsourcing/): Our outsourced payroll services are designed to help businesses simplify salary processing, reduce compliance burden, and ensure every payroll cycle is completed accurately and on time. Whether you are a startup, SME, growing enterprise, or established company, outsourcing payroll can help you focus more on your core business while professionals handle the operational complexity of employee compensation. Payroll outsourcing is widely used because it reduces administrative burden, improves accuracy, and helps businesses stay compliant as they grow.
- [Income Tax Filing](https://anbca.com/income-tax-consultant/): We have dedicated expert team which works as Income Tax consultant. Over period we developed our In-house team for Income Tax Filing.
- [Change Company Name](https://anbca.com/change-company-name/): Promoters of company can change any time name of company. Once company is registered then its name can be changed. There can be various reason to change company name. Some of reasons can be Change of business model , Branding , on Demand of promoter , amalgamation. Change in name of company does not affect legal status of company. Also PAN number remains same. Companies Act 2013 gives guideline for change in company name. Changing company name is simple by following procedure AOA Clause .Hence After company name change AOA & MOA Also need to be changed.
- [Change Director](https://anbca.com/change-director-in-company-in-india/): Directors are key persons who manages the company. They are management of company who looks after operations and administration. The Change in Director of Company happened due to resignation of director or appointment of director. Appointment or removal of directors is done through shareholder of company. Minimum two director are required under Private Limited company and Three under Public Limited Company. Companies Act does not required any mandatory educational capabilities to appoint or remove director. Article recommends procedure for change Director of company.Only Individual can be appointed as director in company , Company must have one resident director. We can help in necessary legal filing to add or remove a director from company.
- [GST Return Filing](https://anbca.com/gst-return-filing/): Welcome to the world of hassle-free GST return filing! At A N Bhutada & CO, we understand that navigating GST returns can be complex and time-consuming for businesses. That's why we're here to offer you the best GST consultant services, making your GST filing process smooth, accurate, and compliant. In this article, we'll cover everything you need to know about GST return filing consultancy charges, the benefits of professional GST filing services, the documents required, and the easy process we follow as your trusted GST filing agent.
- [TDS Return Filing](https://anbca.com/tds-return-filing-online/): Tax Deducted at Source, as the name suggests, is the tax deducted at the time the income is received by or credited to the “person” so that collection of tax is preponed and there is regular flow of taxes to the government. TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government. TDS is deducted on various types of income such as salary, interest on bank deposits and bonds, winnings from lotteries and horse races, payment to contractors and sub-contractors, insurance commission, commission or brokerage, rent, fees for professional and technical services etc. TDS has to be deposited to the credit of the Central Government and TDS Returns should be filed within due dates prescribed by the Income Tax Act, 1961. TDS Certificates have to be issued by the detector giving details of tax deducted. TDS returns are due quarterly.
- [LLP Annual Filing](https://anbca.com/llp-annual-filing-compliances/): Yes. LLP Annual filing is mandatory Compliances1. Form 112. Form 83. Income Tax return
- [Company Annual Filing](https://anbca.com/company-annual-filing/): Every Private Limited Company, after its registration has to follow basic mandatory Annual compliance for private Limited as per the Companies Act, 2013. For various events, lot of Company Annual filing is required to be undertaken with Registrar of Companies. Some of the compliances are event based whereas other compliances are periodic. Team of Startup Setup will maintain your company law compliance hassle free at reasonable package. A team of expert secretarial will maintain fulfill compliance part. Companies annual return consist legal documents that include profit and loss statement, balance sheet, independent auditor report , details of share holding , directors of company. Failure in doing regular ROC Annual Compliances result in late filing fees of Rs. 100 per day. Which also make directors disqualified and removal of company name form ROC MCA Site. Our legal team helps in maintain and doing legal compliances with use of ease of technology and export services. Get your ROC Compliances for Private Limited with us.
- [GST Audit](https://anbca.com/gst-audit/): If you are searching for a top CA firm for GST audit, we can help you with professional, reliable, and timely GST audit services for FY 2025-26 and beyond. Our team is committed to supporting businesses with practical compliance solutions, detailed verification, and strong advisory support.
- [Trust Audit](https://anbca.com/trust-audit/): Charitable Trust Audit is applicable if total income of Trust or institution ( without giving effect of provisions of Section 11 and 12) exceeds the maximum amount which is not chargeable to tax in any previous year. Charitable Trust Audit need to conducted by Chartered Accountant. Charitable Trust audit report need to prepared in Form 10 B prescribed by rules 17B of Income Tax Act 1962. Chartered Accountant who doing Charitable Trust Audit need to verify books of accounts prepare audit report and furnish same.
- [Internal Audit](https://anbca.com/internal-audit-services-firm/): A N Bhutada & Co. offering Internal Audit services in Pune firm is specialized in auditing services. Internal audit is provided primarily in order to provide comprehensive picture of company to management where auditor suggest possible areas of improvement. We strongly follow guideline of ICAI in execution of internal auditing. We believe in providing value added service to companies through our expertise knowledge and experienced professionals . Our services of internal audit are designed to suit each type of business model. Keeping in mind the Risk Management framework, our internal audits adopt “Risk Based Audit” (RBA) approach and other tools and techniques for accomplishing the audit objectives.
- [Statutory Audit](https://anbca.com/statutory-audit-top-ca-firm/): Managing statutory audits effectively is crucial for every business to ensure financial transparency, statutory compliance, and smooth operations during Tax Year 2026 (FY 2025-26, AY 2026-27). A N Bhutada & CO is the best CA firm for statutory audit services, we provide end-to-end support to companies, LLPs, firms, and startups in meeting all mandatory audit requirements with complete accuracy and professional oversight.
- [Tax Audit](https://anbca.com/tax-audit-ca-firm/): Tax Audit is detail verification of books of accounts maintained by business & verify the accurateness of the income earned & deduction claimed by the assessee in the Income tax returns. Tax audit for FY 2019-20(i.e AY 20-21) shall be governed by the provisions ( Section 44AB ) & Rules laid down in the Income Tax Act 1961. This audit is conducted by Chartered Accountant Firm ensuring correct books of accounts maintained, legal provision complied & correct payment of Income Tax.
- [IT/ITES Subsidy](https://anbca.com/it-ites-subsidy/): Maharashtra government introduced industrial policy for taking forward IT companies in Maharashtra. Major motto of Policy was to retain leadership in sector of IT/ ITES in India. For promoting IT / ITES Companies government started providing subsidy benefit to companies. IT companies have major cost component is Electivity. Companies have huge usage due to Laptops, Servers, UPS etc. Government provided subsidy where cost of electricity bill goes down by appx. 40 to 50% each month.
- [Shop Act Registration](https://anbca.com/shop-act-registration/): Online Shop Act Registration in India is made more easy by State Government. Shop registration process has been modified. Now the new process is much simpler and with fast tack mode. shop act form f is used for registration. Experts at ANBCA work as Shop Act Consultant and have helped number of entrepreneurs for Shop Registration. In All major cities of India , Mumbai, Delhi, Bangalore, Pune , Chennai and more. Our services are reliable and quick.
- [STPI/NON STPI Registration](https://anbca.com/stpi-registration/): Under Ministry of of Information the Software technology Park of India was established its called STPI Department. Purpose of this department was to encourage software exports from India. This department have take care of STPI / NON STPI registration for IT and other companies. Its not necessary to have premises in any SEZ / EOU jurisdiction. Hence STPI registration can be taken for any location. In India most of Major Cities Such as Pune, Mumbai , Noida , Delhi etc. have STPI Departments. There are two kind of registrations provided one is STPI and Second is NON STPI Unit. Key difference is under STPI unit , company is allowed to import duty free capital Goods. Where as NON STPI Unit is only towards meeting compliances.
- [MSME SSI Registration](https://anbca.com/msme-registration/): MSME stands for Micro, Small and Medium Enterprises and any enterprise that falls under any of these three categories. The Micro, Small and Medium Enterprises definitely drive the economy of a country towards progress and development. The capital costs of employment potential in these enterprises are low whereas their labour strength is greater than larger enterprises. MSME industires can be Manufacturing as well as service providers. We help you in taking MSME Registration , Small Scale Industry SSI Registration.
- [MPCB](https://anbca.com/mpcb-registration/): Maharashtra Pollution Control Board, commonly known as MPCB, is the authority responsible for implementing environmental laws and pollution control regulations across the state of Maharashtra. Established on 7th September 1970, the MPCB operates under the Environment Department of the Government of Maharashtra. It plays a vital role in monitoring and controlling pollution to protect public health and natural ecosystems. If you are planning to start a business or industrial unit, MPCB Registration in Pune is an important compliance requirement for many activities. The board issues essential approvals to ensure that industrial development in Maharashtra takes place in an environmentally responsible manner.
- [Factory Act Registration](https://anbca.com/factory-act-registration/): While processing the application, A N Bhutada & CO Factory Act Expert will help you respond to any query or request for document (if required) and obtain Factory Act Registration.
- [Provident Fund Registration](https://anbca.com/provident-fund-registration/): The Employee’s Provident Fund (EPF) is most popular saving move for Indians salaries people its saving for the retirement. Amount in PF is maintained by the Employee’s Provident Fund Organization of India (EPFO)
- [IEC Registration](https://anbca.com/iec-registration/): The first requirement before you start an import/ export business in India is to obtain an IEC. In India having Online IEC Registration is mandatory for exporting as well as importing goods in India for business. Where as a business is in Service export import then IEC is required in only limited circumstances. IEC Code is ten digit number generated by Director General of Foreign Trade and Ministry of Commerce. IEC can be obtained from any of the Zonal and Regional offices of Director General of Foreign Trade depending on area/region where the individual/company is located. Only one IEC would be issued against a single PAN number. On the basis of IEC, companies can obtain various benefits on their exports/imports from DGFT, Customs, Export Promotion Council etc. The customs will not allow for clearance of goods unless the importer has obtained an Import Export Code (IEC) registration from the regional authority.
- [Professional Tax Registration](https://anbca.com/professional-tax-registration/)
- [ESI Registration](https://anbca.com/esic/): After taking ESIC Registration, the ESI Act provides for medical attendance and treatment, cash benefits during sickness, maternity and employment injury, pension for dependents on the death of workers due to employment injury, and funeral expenses of the insured person. Wherever the ESI Scheme is extended, employers are absolved of their liability under the Employee's Compensation Act, 1923 and under the Maternity Benefit Act, 1961 from the date from which maternity benefit becomes payable under the ESI Act.
- [RERA Agent Registration](https://anbca.com/rera-agent-registration/): The MahaRERA agent registration fee is ₹10,000 for an individual, and other charges are ₹600. Hence the total fee is approx. ₹10,600.
- [Online GST Registration](https://anbca.com/online-gst-registration/): GST is a simple value-added tax which is levied at all points in the supply chain, with credit allowed for any tax paid on inputs acquired for use in making the supply. GST is applicable to both goods and services in a comprehensive manner, with exemptions restricted to a minimum. GST subsumed central excise and service tax into a single unified tax regime. We provide services for Online GST Registration and act as your GST consultant.
- [Nidhi Company Registration](https://anbca.com/nidhi-company-registration/): A Nidhi Company is basically an NBFC (Non-Banking Financial Company). The word 'Nidhi' means funds — it is a Hindi word. In India, Section 406 of the Companies Act 2013 and the Companies (Nidhi Companies) Rules, 2014 govern the incorporation process of a Nidhi Company. Nidhi Companies deal with lending and borrowing of funds among their members — they can lend money only to their members. In South India, such types of companies are more in vogue. RBI has been discretionarily empowered in India to issue directions to such companies for matters relating to acceptance of deposits from members. Nidhi Companies are not allowed to accept deposits from anyone other than their members.
- [NGO Registration](https://anbca.com/ngo-registration/): NGO stands for "Non-Profit Organisation". NGOs do not have government intervention in their working — they operate without government control. The motive of an NGO is not earning profit but is more social and political in nature. NGOs are not commercial but co-operative. NGOs are generally formed through funding and their activities are carried out by volunteers. NGOs may operate in many kinds of activities, like:
- [Branch Office Registration](https://anbca.com/branch-office-registration-india/): The purpose of setting up a Branch Office in India is to carry out the operational activities of the branch for its business. Branch Office Registration in India is governed and run in accordance with the guidelines of the Reserve Bank of India. Doing business and earning revenue from the activities of the branch is allowed, provided those activities are permitted by RBI. The Branch Office needs to meet all its operational expenses from revenue generated from activities in India, which need to be permitted by the Reserve Bank of India. Simply put, it is allowed to carry out only the operations permitted by RBI.
- [Liasioning Office in India](https://anbca.com/liasioning-office-registration-india/): With the popularity of Make In India, many foreign companies are showing interest in opening an office in India — the reason being that India is one of the fastest growing markets and has some of the best human resources. As the name suggests, a Liaison Office in India is registered with the purpose of understanding the Indian market and work opportunities. The Liaison Office helps a business understand the Indian market and develop strategies to grab business potential. A Liaison Office is not allowed to make profit in India — it can only incur expenses from remittances received from its foreign head office. Simply put, a Liaison Office is not allowed to earn income in India.
- [Foreign Company Subsidiary registration](https://anbca.com/indian-subsidiary/): India's emerging economy, ease of doing business, and minimal taxation & compliances make it a favourable investment destination for foreign companies. The Indian Government is encouraging foreign investors to start business in India and provides various schemes for manufacturing and service sector businesses. Foreign company subsidiary registration in India is a completely online process, and post-registration compliances for a foreign subsidiary company are also minimal.
- [Public Limited Company](https://anbca.com/public-limited-company/): A Public Limited Company grants limited liability to its management and owners. A Public Limited Company is a company limited by shares in which there is no restriction on the maximum number of shareholders — the company's shares are held by the public. It has the characteristics of a Private Limited Company along with additional advantages. The company can raise capital from the public, which is a safe source of capital that is permanent, with no interest payable and no repayment obligation like debt.
- [Partnership Firm](https://anbca.com/partnership-registration/): Partnership Registration is made easier by the ROF department. The earlier process of Partnership registration has been modified. Now the new process is much simpler and in fast track mode. The ROF form is used for registration. We have helped a number of entrepreneurs with Partnership Firm Registration in all major cities of India — Mumbai, Thane, Nashik, Pune, Chennai and more. Our services are reliable and quick.
- [Private Limited Company](https://anbca.com/private-limited-company-registration/): Private Limited Company Registration is the most preferred form of company registration by most entrepreneurs in India. Private Limited Companies are those types of companies where the minimum number of members is 2 and the maximum number is 200 as per the new Companies Act, 2013. A Private Limited Company has all the advantages of a Partnership firm. It has the advantages of a Limited Liability Partnership with greater stability and legal entity. Private Limited Companies can avail loans easily from various financial institutions like banks.
- [Limited Liability Partnership](https://anbca.com/llp-registration/): Limited Liability Partnership has been introduced in India by way of the Limited Liability Partnership Act, 2008. LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. A Limited Liability Partnership combines the advantages of both the Company and Partnership into a single form of organization, and one partner is not responsible or liable for another partner's misconduct or negligence. It is very easy to do LLP Registration in India, as the process is very simple as compared to Companies and does not involve much formality. An LLP is indeed advantageous because of comparatively lower cost of formation, lesser compliance requirements, being easy to manage and run, and partners not being liable for the acts of the other partners.
- [One Person Company](https://anbca.com/one-person-company-registration/): With the latest and tremendous changes in business and making business setup easy in India, One Person Company is a unique concept introduced by the Ministry of Corporate Affairs in order to encourage small traders and entrepreneurs. One of the major advantages of an OPC is that there can be only one member in an OPC, whereas in case of a Private Limited Company or a Limited Liability Partnership minimum two persons are required. Similarly, as in case of a company, a natural person who is a citizen of India shall be eligible for registering a One Person Company, with the requisite that the person should be a resident of India.
- [Proprietorship Registration](https://anbca.com/proprietorship-registration/): Sole Proprietorship means any business which is carried out by a single person. In simple words a Sole Proprietorship is a business that is owned, managed and controlled by one person. It is the most oldest, universal and elementary way to set up a business. The major difference between a sole proprietorship registration and a Limited Liability Partnership or a Corporation is that the business owner cannot be separated from their business. We can help you establish an identity for in Proprietorship Firm Registration.