Blog Posts | Leegal - The Legal Solution

Tax Audit under Section 44AB: Complete Guide 2026

by Gaurav Kumar

A tax audit under Section 44AB of the Income Tax Act is required when business turnover exceeds Rs 1 crore (Rs 10 crore if cash transactions are within 5%), professional receipts exceed Rs 50 lakh, or presumptive taxpayers declare lower profits in specified cases. A chartered accountant files the report in Form 3CA or 3CB with Form 3CD, generally by 30 September.

Complete Guide

23-Sept-2026

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Tax, GST & TDS

Gift Deed Registration in India: Process, Stamp Duty, Tax

by Gaurav Kumar

A gift of immovable property must be made through a gift deed signed by the donor and attested by two witnesses, and registered with the Sub-Registrar under the Transfer of Property Act, 1882 and Registration Act, 1908. The donee must accept the gift during the donor's lifetime. Stamp duty depends on the state, with concessions for close relatives in many states.

Complete Guide

23-Sept-2026

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Legal Documents & Disputes

Franchise Agreement in India: Essential Clauses and Tips

by Gaurav Kumar

A franchise agreement grants a franchisee the right to run a business using the franchisor's brand, systems and know-how in exchange for fees and royalties. Key clauses cover territory, fees, trademark licence, training and support, quality standards, audits, term and renewal, termination and post-termination restrictions. There is no separate franchise law in India, so the contract does the heavy lifting.

Complete Guide

23-Sept-2026

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Legal Documents & Disputes

Convert an LLP into a Private Limited Company: Guide

by Gaurav Kumar

An LLP can convert into a private limited company by registering under Part I of Chapter XXI of the Companies Act, 2013. All partners must consent, creditors should be notified, and the application is filed with the ROC with the required forms, MoA and AoA. The LLP's assets and liabilities vest in the company, which then issues shares to former partners.

Complete Guide

23-Sept-2026

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MCA & Secretarial Compliance

Share Purchase Agreement (SPA): Key Clauses Explained

by Gaurav Kumar

A share purchase agreement (SPA) records the terms on which a buyer purchases existing shares from a seller: price and payment, conditions precedent, representations and warranties, indemnities, closing mechanics and post-closing covenants. In India, share transfers also involve stamp duty, board approval under the articles, and FEMA pricing and reporting where a non-resident is involved.

Complete Guide

23-Sept-2026

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Legal Documents & Disputes

Business Due Diligence in India: Legal, Financial and Tax

by Gaurav Kumar

Due diligence is a structured investigation of a target business before an investment, acquisition or partnership. It covers corporate records, contracts, litigation, intellectual property, licences, employment, financial statements, tax positions and regulatory compliance. Findings shape the price, deal structure, conditions and warranties in the transaction documents.

Complete Guide

23-Sept-2026

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Accounting & CFO Services

AIF Registration with SEBI: Complete Guide for Fund Managers

by Gaurav Kumar

An Alternative Investment Fund (AIF) is a privately pooled investment vehicle registered with SEBI under the SEBI (Alternative Investment Funds) Regulations, 2012. Funds register as Category I, II or III, usually as a trust, with a sponsor and investment manager. Schemes need a minimum corpus of Rs 20 crore, and investors generally commit at least Rs 1 crore.

Complete Guide

23-Sept-2026

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NBFC, Fintech & Insurance

GST Return Filing: Types, Due Dates and Late Fees

by Gaurav Kumar

Regular GST taxpayers file GSTR-1 for outward supplies and GSTR-3B to pay tax, monthly or quarterly under QRMP. Composition dealers file CMP-08 quarterly and GSTR-4 annually. Annual returns GSTR-9 and reconciliation GSTR-9C apply above specified turnover. Late filing attracts late fees per day and 18% interest on delayed tax.

Complete Guide

23-Sept-2026

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Tax, GST & TDS

Secretarial Audit under Section 204: Who Needs It

by Gaurav Kumar

A secretarial audit under Section 204 of the Companies Act, 2013 is an independent check by a practising company secretary of a company's compliance with corporate, securities and other applicable laws. It is mandatory for listed companies and public companies meeting paid-up capital, turnover or borrowing thresholds. The report is given in Form MR-3 and annexed to the board's report.

Complete Guide

23-Sept-2026

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MCA & Secretarial Compliance

Flipkart Seller Registration: Complete Guide 2026

by Gaurav Kumar

To sell on Flipkart you register on the Flipkart Seller Hub with your mobile and email, GSTIN (or PAN for eligible categories such as books), bank account, pickup address and signature, then list products and choose a fulfilment model. Flipkart charges fees such as commission, fixed, collection and shipping fees per order.

Complete Guide

23-Sept-2026

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E-commerce Registration

RVSF Registration: Setting Up a Vehicle Scrapping Facility

by Gaurav Kumar

A Registered Vehicle Scrapping Facility (RVSF) is authorised by the state government under the Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility) Rules, 2021 to dismantle end-of-life vehicles and issue Certificates of Deposit and Vehicle Scrapping Certificates. Applicants need an eligible entity, suitable land and equipment, environmental consents and state registration through the online portal.

Complete Guide

23-Sept-2026

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Environment, Waste & EPR

Cheque Bounce Notice under Section 138: Complete Guide

by Gaurav Kumar

When a cheque is dishonoured for insufficient funds or exceeding arrangement, the payee must send a written demand notice to the drawer within 30 days of receiving the bank's return memo. If the drawer does not pay within 15 days of receiving the notice, a criminal complaint under Section 138 of the Negotiable Instruments Act can be filed within one month.

Complete Guide

23-Sept-2026

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Legal Documents & Disputes

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