Income tax is a tax levied on the income earned by individuals, companies, and other entities in India. It is governed by the Income Tax Act, of 1961, and administered by the Central Board of Direct Taxes (CBDT), which is part of the Department of Revenue under the Ministry of Finance. Here are some key […]
The implementation of the Goods and Services Tax (GST) system in many countries has brought about significant changes in the way businesses operate and comply with tax regulations. One of the key components of GST implementation is the introduction of electronic invoicing (e-invoicing), which aims to streamline and automate the invoicing process. However, filtering business-to-business
In today’s rapidly evolving business landscape, remote work has become increasingly common. Organizations are embracing the flexibility and efficiency that remote teams offer. However, managing business processes and ensuring smooth operations can be challenging when team members are dispersed geographically. This is where mobile Enterprise Resource Planning (ERP) integration comes into play. By integrating ERP
In today’s fast-paced and highly competitive business landscape, staying ahead requires seamless integration of technology across all aspects of an organization. Enterprise Resource Planning (ERP) systems have emerged as a cornerstone of modern business operations, helping streamline processes, enhance efficiency, and improve decision-making. However, many companies still struggle with the challenge of integrating ERP systems
In today’s highly regulated business environment, maintaining compliance with various laws and regulations is of utmost importance. One critical aspect of compliance is the proper maintenance of an audit trail. An audit trail refers to a chronological record of activities, events, and transactions within an organization. It plays a pivotal role in ensuring transparency, accountability,
In recent years, there has been a significant shift towards digitization in various sectors, including taxation. With the implementation of Goods and Services Tax (GST) e-invoicing, businesses are required to generate and authenticate invoices electronically. This digital transformation brings many benefits, such as improved efficiency and reduced paperwork. However, it also raises concerns about data
In today’s data-driven world, businesses rely heavily on accurate and reliable data to make informed decisions. However, with the ever-increasing volume and complexity of data, organizations face significant challenges in ensuring the quality and integrity of their data assets. To address these challenges, effective data governance and quality management practices have become crucial. In this
Implementing XBRL (eXtensible Business Reporting Language) for MCA (Ministry of Corporate Affairs) filings can present several challenges for companies. Here are some difficulties that organizations may encounter and strategies to overcome them: 1. Data Quality Issues: XBRL requires accurate and consistent tagging of financial data. Companies may face challenges in ensuring data quality, such as
XBRL (eXtensible Business Reporting Language) reporting is a requirement for filing financial statements with the Ministry of Corporate Affairs (MCA) in certain countries, including India. XBRL is a standardized language used for the electronic communication of business and financial data. The MCA has implemented the XBRL reporting requirement to enhance the transparency, accuracy, and accessibility
In today’s digital era, data has become the lifeblood of businesses across various industries. It holds immense potential for unlocking valuable insights and driving strategic decision-making. With the introduction of Goods and Services Tax (GST) e-invoicing in India, the government has revolutionized the way businesses manage their invoices and ensure tax compliance. To harness the
In recent years, the implementation of Goods and Services Tax (GST) has significantly transformed the way businesses operate. With the advent of GST e-invoicing, a massive amount of data is generated, containing valuable information about transactions, products, and customer behavior. Analyzing this data is crucial for businesses to uncover meaningful insights that can drive informed
The introduction of the Goods and Services Tax (GST) in India has revolutionized the nation’s taxation system. The GST framework has brought about a centralized approach to tax administration, making it easier for businesses to comply with tax regulations. With the implementation of e-invoicing in India, a vast amount of digital data is being generated,
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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