by Aaryan Associates | Feb 26, 2023 | Income Tax
What is HUF? HUF is not defined under income tax act but it is same as defined in Hindu law. As the name suggest, this is for Hindu families only, however buddhist, jain, sikh are counted as hindu only for the purpose of formation of HUF. It consists of all persons...
by Aaryan Associates | Feb 22, 2023 | Company Formation
Running your own business but need company status? Register as OPC! One Person Company (OPC) Registration in Goa, India One person company (OPC) as a concept allows an individual to reap the benefits of being a company with a limited liability. The individual can make...
by Aaryan Associates | Feb 22, 2023 | Income Tax
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...
by Aaryan Associates | Feb 12, 2023 | Income Tax
The Finance Minister, Nirmala Sitharaman, unveiled the Union Budget 2023 on 1st February 2023. Generally, the budget before general elections is always a much-anticipated one with everyone hoping for big, bold moves. But most budgets tend to fall short on the...
by Aaryan Associates | Feb 12, 2023 | Income Tax
What is Income Tax? Income tax is a type of direct tax the central government charges on the income earned during a financial year by individuals and businesses. It is calculated based on the tax slabs defined by Income Tax Department. What’s New in Income Tax...
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