Section 44ADA represents a significant and forward-looking approach within the realm of income tax regulations, specifically tailored to cater to the needs and demands of professionals. This pragmatic provision serves as a beacon of simplicity, transparency, and efficiency, aiming to harmonize the intricate landscape of taxation obligations that professionals encounter. This provision, encapsulated under the […]
In the intricate landscape of Goods and Services Tax (GST), the precision and timeliness with which taxpayers file their returns stand as pillars of paramount significance. Within the realm of GST compliance, the punctual submission of GST Returns bears equal weight, as the repercussions for failing to adhere to deadlines extend not only to the
The Director Identification Number (DIN) holds paramount significance for both aspiring and incumbent directors within a corporate entity. In the past, securing a DIN necessitated a one-time application through Form DIR-3. However, the Ministry of Corporate Affairs (MCA) has ushered in a new requirement for annual Know Your Customer (KYC) filing for all DIN holders
An income tax notice represents a formal written communication dispatched by the Tax Department to a taxpayer, signaling the identification of an issue within their tax account. Such notices are dispatched for a variety of reasons, encompassing scenarios such as unfiled tax returns, assessment procedures, or requisition of specific information. Upon receipt, it becomes incumbent
One-Person Companies (OPCs) exhibit distinct compliance prerequisites due to their singular-member structure. This article endeavors to streamline the process of annual filing for OPCs, elucidating pivotal forms such as AOC-4 (Financial Statement), and MGT-7A (Abridged Annual Return), while delving into the imperative nature of conducting an Annual General Meeting (AGM). The article accentuates the specified
In accordance with the notification G.S.R. 364E dated April 11, 2018, issued by the Department of Industrial Policy and Promotion (DIPP), the term “Startup” pertains to an entity that is legally incorporated or registered within the jurisdiction of India. A company is classified as a startup within the following parameters: a period of up to
GSTR-2A is like a document that helps people who buy and use goods and services in India’s Goods and Services Tax (GST) system. This document shows all the things they have bought and where they got them from. It’s made automatically using the information suppliers give in their own forms. People who get things from
In this article, we’ll delve into the deadlines for submitting ROC forms according to the Companies Act and LLP Act in September, October, and November 2023. These three months are crucial for businesses. During this time, companies need to hold their Annual General Meetings, finalize financial statements, and file annual forms with the ROC. Every
The recent announcement in Notification No. 23/2023 on August 3, 2023, by the Directorate General of Foreign Trade (DGFT) is a big deal. It says that starting now, you can’t just import laptops, tablets, palmtops, all-in-one computers, small computers, and servers easily anymore. You’ll need a special permit to do that. They did this for
The Authority of Advance Ruling (AAR) has issued a significant ruling concerning hostel accommodations and taxation. Hostel accommodations will now be subject to a 12% Goods and Services Tax (GST), a departure from the previous GST exemption. The reclassification of hostels as non-residential dwelling units is at the core of this decision. Impact on Residents
In India, electronic commerce enterprises are categorized as either “aggregators” or “marketplaces.” These platforms serve as intermediaries that facilitate transactions between sellers and buyers, giving rise to their liability under the Goods and Services Tax (GST) framework. Consequently, these digital marketplaces bear the responsibility of collecting and remitting GST on behalf of the vendors they
In a recent sequence of significant developments, the Central Board of Indirect Taxes and Customs (CBIC) has unveiled a duo of momentous notifications, denoted as Notification No. 36/2023-Central Tax and Notification No. 37/2023-Central Tax, both bearing the official stamp of August 04, 2023. These notifications stand as pivotal milestones, ushering in a new era of
Legal Suvidha has been a one-stop Compliance Provider for all start-ups and entrepreneurs.
Want to Setup your business in India? Connect with the best Online Registration, Licenses and Return filing solution providers for business across India. Since 2007, LegalSuvidha has been a one-stop shop for all startups or entrepreneurs looking for a chartered accountant, company secretary or lawyer. We have been ensuring Startups and SMEs are fully compliant with India’s legal system. Over the past 15 years, the depth of our offerings has increased and that too at affordable prices and customer satisfaction has made our standing different and we are giving a tough competition to other online facilitators of legal services in India. We have the best team for Company incorporation, Trademark Registration, Auditing, Advisory and Tax Filing for large, medium, small businesses and Startups in India.
Most of the budding entrepreneurs are in dilemma about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship? Each of these has its advantages and disadvantages. The type of entity should be chosen only after one round of consultation with our experts, as they will be in a better position to guide on the same. For example, Registering as a private limited company would be a good fit for any venture that will look for funding at a later stage. You can contact Legalsuvidha for any type of registration and advice you need for your business transactions. We assure you of great professional service at a reasonable price. You can connect with us for a free check on the Company name availability.
The importance of intellectual property is very much but most of the businesses are not aware of the same. We at LegalSuvidha simplify the process for you to register a Trademark for your brand, to get copyright for your artistic, creative ability and will also help you in patenting the process after a proper patent search patents which will ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Legalsuvidha, we are very well equipped to handle all your IP requirements. We facilitate trademark applications in just two days, copyright registration for all your software, pictures, audio, and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.
To do any business in India, you need a license for almost everything. Started a manufacturing business? You need a GST Registration and a Trade License. For a food business, you need an FSSAI license. In case you have employees, You need a Professional Tax registration and Shops & Establishments Act Registration. If that’s not enough, you also need to file GST Returns and Professional Tax Returns.
There is a lot of importance of legal documentation when you start your business, whether with your Investors, partners/co-directors, employees and any vendors you deal with. By getting a lawyer to draft contracts or agreements with new vendors, employees, and investors, you’re ensuring that you have all the downsides covered. At LegalSuvidha, we connect you to lawyers who will deliver complex documents, from shareholders’ agreements and founders’ agreements to terms of service/privacy policy and non-disclosure agreements, at a reasonable cost in a few days.
It’s not enough to have started a private limited company or an LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs, Central Board of Indirect taxes and Central Board of direct taxes once you register your business. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorized share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At LegalSuvidha, we facilitate all these services completely online. This means you can engage a professional on retainer for the year and we’ll ensure that all the formalities are completed for you while you focus on your business.
We are Authorized e-return Intermediaries and have recently launched our own ITR filing platform, this will help the salaried employees and businesses to get their ITR filed within the time and at a reasonable price. Through the use of automation, the system is highly effective and will help in filing ITR in up to 10 minutes for Salaried employees. We have on-boarded the best Chartered Accountants who will provide consultation for both Salaried employees and Businesses to file proper taxes to the government of India. This will help in avoiding legal notices in the future and will also help in getting the returns processed at the earliest. We are the first in the market to launch the ITR filing facility for FY 2018-19.
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