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 […]
Form DPT-3 holds significant importance as an imperative electronic form mandated for companies under the Companies (Acceptance of Deposits) Rules, 2014. The Companies Act and its associated rules lay down comprehensive regulations and requirements that companies must adhere to in order to maintain transparency, financial integrity, and accountability. Understanding and complying with Form DPT-3 is
When entrepreneurs embark on the journey of starting a new business, they often find themselves confronted with the critical decision of choosing the most suitable business form. Among the various options available under Indian corporate law, the two prominent choices are the Private Limited Company and the Limited Liability Partnership (LLP). Both business forms offer
Income tax is a crucial aspect of any modern society, providing governments with the necessary funds to support public services and infrastructure. The process of filing income tax returns allows individuals and businesses to fulfill their civic duty while ensuring a fair distribution of the tax burden. While tax season might not be the most
The Companies Act, 2013 mandates that all companies, including both public and private entities, are required to submit Form DPT-3 to report their outstanding loans and borrowings. In this article, we delve into the intricacies of Form DPT-3, covering its applicability, filing frequency, reporting requirements, repercussions of non-compliance, and exempted transactions. Additionally, we explore the
Sl. No. Compliance Requirement under Income Tax Act, 1961 Due Dates 1 Deposit of Tax deducted/collected for June 2023 07.07.2023 2 Deposit of TDS for April 2023 to June 2023 with AO’s permission 07.07.2023 3 Issue of TDS Certificate for tax deducted under section 194-IA in May 2023 15.07.2023 4 Issue of TDS Certificate for
In the vast and dynamic landscape of corporate structures, the Limited Liability Partnership (LLP) emerges as a highly advantageous and sought-after entity. One such crucial aspect is the regular filing of annual returns, which not only ensures compliance with statutory regulations but also helps avoid the heavy burden of penalties. This comprehensive article aims to
In today’s rapidly changing business landscape, companies face an increasing number of legal and regulatory requirements. Adhering to these obligations is not only a legal necessity but also a vital aspect of running a successful and ethical business. One significant regulatory body that oversees corporate compliance is the Registrar of Companies (ROC). In this article,
India’s startup ecosystem has witnessed remarkable growth over the past decade, and women entrepreneurs have played a crucial role in shaping this landscape. The rise of women-led startups in India has not only brought innovative ideas and solutions to the market but has also challenged traditional gender roles and empowered women to take charge of
Filing income tax returns is an essential responsibility for individuals and organizations alike. It not only ensures compliance with the law but also helps in assessing one’s financial standing and contributing to the nation’s progress. In this blog post, we will explore the intricacies of ITR-7, a crucial form for specific taxpayers in India. Let’s
In today’s dynamic business environment, compliance with regulatory requirements is of paramount importance for the smooth functioning and sustainability of businesses. One such regulatory body that plays a vital role in overseeing corporate compliance is the Registrar of Companies (ROC). However, non-compliance with the ROC can have severe repercussions for businesses, ranging from financial penalties
In order to maintain compliance and avoid penalties, Limited Liability Partnerships (LLPs) are required to consistently submit returns, despite having fewer obligations compared to Private Limited Companies. This comprehensive guide aims to equip you with crucial knowledge about LLP Annual Filing, LLP Annual Compliance, the complexities of the LLP E-filing procedure, and essential information pertaining
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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