Filing income tax returns is an essential responsibility for every eligible taxpayer in India. It helps individuals comply with the law and contribute to the smooth functioning of the country’s taxation system. To simplify the process, the Indian government has introduced various forms, one of which is the ITR-1 (SAHAJ) form. The ITR-1 form is […]
Exploring Individual ITR Forms: Which Form Suits Your Financial Profile? Filing income tax returns is an essential responsibility for every Indian taxpayer. It helps the government assess individuals’ taxable income, ensuring a fair contribution toward the nation’s development. The Indian Income Tax Department has introduced various ITR forms to cater to different types of taxpayers.
In the ever-evolving food industry, ensuring compliance with various regulations and obtaining certifications is crucial for businesses to thrive. From food safety to tax compliance, there are several areas that require attention. In this blog, we will explore the importance of compliance and certifications in the food business and how they can benefit your enterprise.
Filing your Income Tax Return (ITR) can be a difficult task, but with the power of digital platforms and innovative tools, the process can become seamless and hassle-free. By harnessing the latest advancements in technology, you can transform your ITR filing experience into an efficient, accurate, and stress-free endeavor. 1. Embrace the Convenience of E-Filing
Income Tax Return (ITR) is a document filed by individuals with the income tax department, declaring their income earned during a specific financial year. It includes details of income, deductions, and taxes paid or owed by the taxpayer. Filing ITR is mandatory for individuals meeting certain income criteria set by the government. Why is filing
In today’s rapidly evolving digital landscape, businesses are continuously seeking ways to optimize their operations and improve efficiency. Electronic invoicing (e-Invoicing) has emerged as a powerful solution for streamlining invoicing processes, reducing costs, and enhancing accuracy. Integrating e-Invoicing with an Enterprise Resource Planning (ERP) system can further amplify these benefits by enabling seamless data exchange
As organizations adopt electronic invoicing (e-invoicing) within their operations, integrating this functionality with existing Enterprise Resource Planning (ERP) platforms becomes crucial for seamless financial processes. However, every organization has unique requirements and workflows, necessitating customization and configuration options for e-invoicing integration with ERP platforms. In this blog, we will explore the significance of customization and
When it comes to data mapping and integration strategies for ERP systems in GST e-invoicing, there are several important considerations to keep in mind. The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India, and e-invoicing is an electronic invoicing system implemented to streamline the
Data mining is a powerful technique that can be utilized to extract valuable insights from large datasets. When applied to GST e-invoicing data, data mining can provide businesses with valuable information for decision-making and gaining competitive advantages. Here are some ways data mining can be used in the context of GST e-invoicing: 1. Fraud detection:
In today’s digital era, organizations are facing an exponential growth of data. Effectively managing and harnessing the potential of this data has become crucial for informed decision-making and gaining a competitive edge. To address these challenges, data lakes have emerged as a popular solution. In this article, we will delve into the architecture and key
GST reconciliation refers to the process of matching and comparing the data reported by businesses in their Goods and Services Tax (GST) returns with the data provided by their suppliers and other parties involved in the supply chain. The purpose of GST reconciliation is to ensure that the tax information provided by all parties is
Filing income tax returns is an annual obligation for individuals and businesses in India. It is a process that involves calculating tax liability, claiming deductions and exemptions, and ensuring compliance with the tax laws of the country. While the process can be complex, one aspect that often brings a sense of relief and anticipation is
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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