In India, all registered companies are required to file their Annual Returns and Income Tax Returns annually. Compliance is not just a legal obligation but crucial for the company’s reputation and growth. Non-compliance can lead to operational limitations and result in monetary fines or imprisonment for defaulters. This article emphasizes the significance of annual returns […]
Notification No. 01/2021-Compensation Cess (Rate), which was issued by the Central Board of Indirect Taxes and Customs (CBIC) on September 30th, 2021, has brought about a significant change in the taxation of carbonated beverages containing fruit drinks or fruit juice under the Goods and Services Tax (GST) regime in India. According to this notification, a
The property rental market is currently experiencing a significant surge in business opportunities. Whether you are considering leasing your home to tenants or offering your property as office space for businesses, staying informed about the latest Goods and Services Tax (GST) regulations is crucial. GST is a tax applicable to the majority of goods and
Filing your income tax return is a crucial responsibility for every taxpayer, ensuring compliance with the tax laws and regulations of the country. However, sometimes, situations may arise where you make a tax payment after filing your ITR, leading to a discrepancy between the tax amount paid and the actual tax liability. In such cases,
In the context of the thriving baby product industry, the imperative of GST registration cannot be overlooked, as it not only ensures regulatory compliance but also paves the way for exponential business expansion. Within the vast landscape of the baby product sector in India, characterized by an extensive array of offerings to cater to the
The financial sector is a crucial pillar of any economy, and banks and financial institutions play a vital role in providing a wide range of services related to lending, borrowing, and investment activities. Under the Goods and Services Tax (GST) regime, various exemptions have been introduced to streamline taxation and foster growth in the banking
In today’s fast-paced and demanding world, the ancient adage “Health is Wealth” holds more truth than ever before. Recognizing the pivotal role that good health plays in a person’s overall well-being, the Central Government has taken significant and thoughtful steps to ensure the accessibility of health care services to the general public. By exempting health
With the arrival of the Assessment Year 2022-23, there has been a noteworthy and positive trend observed in the realm of tax compliance, as the Income Tax Department’s data reveals an increase in early tax return filings. This surge in proactive taxpayers demonstrates a growing sense of responsibility and commitment towards fulfilling their tax obligations
LLPs are required to meet several compliance obligations by submitting various forms to the Registrar. These forms pertain to critical aspects such as LLP agreements, modifications in LLP particulars, annual returns, and other related matters. Filing these forms within the specified deadlines is of utmost importance for LLPs to ensure adherence to the rules and
Ensuring full compliance with legal and regulatory requirements is of paramount importance for private companies. Failure to adhere to these obligations can have far-reaching consequences, potentially resulting in substantial fines, protracted legal disputes, and irreparable damage to a company’s hard-earned reputation. Therefore, it becomes imperative for private enterprises to meticulously navigate the complex landscape of
Income tax return filing is an essential annual obligation that individuals and businesses must fulfill to comply with the taxation laws of their respective countries. As we approach the financial year 2023-24, it becomes crucial for taxpayers to familiarize themselves with the different Income Tax forms available, each catering to specific categories of taxpayers. 1.
This extensive guide aims to provide a thorough understanding of the applicability of tax audits and the associated penalties for non-compliance during the Assessment Year (AY) 2023-24. In today’s complex tax landscape, it is crucial for taxpayers, businesses, professionals, and other entities to stay informed about the requirements and consequences of tax audits. By gaining
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.
Legal Suvidha © 2013-2024. All Rights Reserved.
