POEM Guidance For Companies Engaged in Active Business Outside India

POEM Guidance

In our previous post, we discussed the idea of Place of Effective Management and how it came into existence. Today we will be focusing on the POEM guidance for companies that are engaged in active business outside India. Determination of “active business outside India” A company shall be considered as engaged in “active business outside India” if […]

Place of Effective Management Rules

Place of Effective Management Rules

The idea of Place of Effective Management or POEM was first introduced in the Finance Act 2015 for the purpose of determining the residential status of foreign businesses. As per the act, any business having its place of effective management in India will be considered as an Indian resident and accordingly, it’s global income will […]

Significance Of Having a Financial Plan For Your Business

Financial Plan For Your Business

You have always dreamt of starting a business of your own and finally, you got the right business idea which you are very enthusiastic and pumped up about. What’s the next step after this? What do all successful entrepreneurs have in common that makes them turn their small startup businesses into multi-million dollar companies? Well, […]

Concept of Casual Taxable Person under GST

Casual Taxable Person under GST

In previous posts, we have discussed who is liable to get registered under GST. In this post, we shall examine the concept of ‘Casual Taxable Person under GST’. Who is a Casual Taxable Person under GST? Casual taxable person means a person who occasionally undertakes transactions involving the supply of goods or services or both in […]

Mandatory ROC Compliances For Private Limited Company

roc compliances

Any private limited company registered in India and successfully operating their business needs to follow the various compliances laid down by the Companies Act, 2013. Failure to adhere to these ROC compliances and regulations would lead to lawsuits and penalties that could severely damage your business and harm the brand that you have worked so […]

What is Better for a Startup – LLP or Pvt Ltd

LLP or Pvt Ltd

The first legal step towards starting a new startup venture is choosing the right entity for registering their business. Be it a Private Limited Company or a Limited Liability Partnership (LLP). Founders often find themselves stuck at making this kind of decisions as the right choice would determine the nature of the ownership and the […]

6 Things About the GST Bill and How It Affects Your Startup

GST Bill

India’s biggest tax reform known as The Goods and Services Tax(GST bill) has been making headlines since the day it was first introduced. It is touted to be the biggest revolution in the history of the Indian Tax System since Independence. On April 13th, 2017 the President of India, Shri Pranab Mukherjee signed four enabling […]

The most frequent problems that business owners face are to do with accounting & regulatory compliance. Entrepreneurs view time invested in doing both as unproductive time.

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