Form DPT-3 is a regulatory filing required by companies in India as per the Companies Act, 2013. It is a declaration of deposits and outstanding loans received by a company from individuals, entities, or shareholders. The primary purpose of Form DPT-3 is to enhance transparency and protect the interests of depositors. Any company, including private, […]
When it comes to filing income tax returns (ITR) in India, self-employed individuals have specific forms designed to accommodate their unique financial situations. These forms capture details about their income, expenses, and other relevant information. Let’s explore the options available for self-employed individuals: 1. ITR-3: This form is applicable for individuals and Hindu Undivided Families
When it comes to filing income tax returns (ITR) in India, different categories of taxpayers have distinct requirements. The Income Tax Department has designed separate ITR forms to cater to the diverse needs of taxpayers such as salaried individuals, self-employed professionals, Hindu Undivided Families (HUFs), and companies. Each form has specific sections and schedules relevant
Taxation is an essential aspect of any economy, and India is no exception. As a responsible citizen, it is crucial to understand the process of reconciling tax credits, ensuring the accuracy of TDS and TCS details, and effectively handling refunds and tax demands. In this blog, we will provide you with a comprehensive guide on
Taxation is an essential part of any country’s economic system, including India. Self-assessment tax is a significant component of the Indian tax system that requires individuals to calculate and pay their taxes. In this blog post, we will provide you with an overview of self-assessment tax, why it is necessary, and how individuals can fulfill
Taxation of e-commerce companies in India is governed by the provisions of the Indian Income Tax Act, 1961, and the Goods and Services Tax (GST) Act, 2017. The tax regime aims to capture the revenue generated by e-commerce companies operating within the country and ensure fair taxation. 1. Income Tax: Under the Indian Income Tax
Digital platforms have played a significant role in transforming various sectors, including income tax return (ITR) verification and processing in India. With the advent of digitalization and advancements in technology, the Indian government has embraced digital platforms to simplify and streamline the process of ITR verification and processing. These platforms have revolutionized traditional methods by
In India, a partnership firm is a popular form of business organization where two or more individuals come together to carry out a business with a shared goal and shared profits. Partnership firms are governed by the Indian Partnership Act, of 1932. When it comes to taxation, partnership firms have their own set of rules
In India, the Hindu Undivided Family (HUF) is recognized as a separate entity for tax purposes. It is a unique form of business structure that is commonly used by Hindu families to manage and preserve their ancestral property and wealth. The Income Tax Act, 1961, contains specific provisions regarding the taxation of HUFs. 1. Formation
In India, there are several tax incentives and exemptions available to startups to promote entrepreneurship and innovation. These incentives aim to ease the financial burden on startups and encourage their growth. Here are some key tax benefits and exemptions for startups in India: Income Tax Exemption: Startups that are certified by the Department for Promotion
The Income Tax Return (ITR) verification process in India is a crucial step to validate the accuracy and authenticity of the information provided by taxpayers in their tax returns. After filing an ITR, it is mandatory for individuals to verify their returns within a specified timeframe to ensure compliance with the Income Tax Act, of
When receiving a notice from the Income Tax Department in India, taxpayers have certain rights and obligations. Here are some key points to consider: Right to Information: Taxpayers have the right to be informed about the reason for receiving the notice, the specific provisions of the law under which the notice is issued, and the
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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