Tax planning for businesses and professionals involves strategies and practices aimed at minimizing tax liability while remaining compliant with tax laws and regulations. Here are some popular options: Public Provident Fund (PPF): The PPF is a popular long-term investment option with tax benefits. It offers a tax deduction on contributions (up to Rs. 1.5 lakh […]
In India, a Limited Liability Partnership (LLP) is a popular form of business structure that combines the benefits of a partnership and a limited liability company. LLPs are governed by the Limited Liability Partnership Act, of 2008, and are required to file annual returns and financial statements with the Registrar of Companies (RoC). Understanding the
In India, filing an Income Tax Return is a mandatory requirement for individuals and entities that have taxable income. The process involves using specific forms designed to gather relevant financial information. The Government of India has introduced various ITR forms to cater to different types of taxpayers and income sources. Here is an overview of
Tax planning for salaried individuals in India is crucial for optimizing tax liabilities and maximizing savings. Here are some key aspects and strategies to consider: Income Tax Slabs: Salaried individuals in India are subject to income tax based on a slab system, with different rates applicable to different income ranges. Understanding the applicable slab rates
Tax planning is a crucial aspect of financial management, both for individuals and businesses. It involves taking advantage of legal provisions within the tax system to minimize tax liability, maximize tax benefits, and optimize financial resources. In India, tax planning plays a significant role in effective financial management due to the complex tax structure and
A customer-centric approach in business refers to placing the customer at the core of all decision-making processes and activities. It involves understanding and fulfilling the needs, wants, and preferences of customers to create value and build long-term relationships. Adopting a customer-centric approach offers several benefits for businesses, including: Customer satisfaction and loyalty: By prioritizing the
Emerging technologies are playing a significant role in shaping the future of startups by providing new opportunities, enhancing efficiency, and driving innovation across various industries. Here are some key technologies that are currently impacting the startup ecosystem: Artificial Intelligence (AI): AI is revolutionizing the way startup operate. It enables them to automate tasks, gain insights
The Employee Provident Scheme (EPS) is a social security scheme provided by the Government of India to employees in the organized sector. It is a part of the Employees’ Provident Fund (EPF) and is administered by the Employees’ Provident Fund Organization (EPFO). Here are the basic aspects of the Employee Provident Scheme: Coverage: The EPS
Innovation plays a crucial role in the success of a business. It involves the creation and implementation of new ideas, processes, products, or services that result in a significant improvement or competitive advantage. Here are some key ways in which innovation contributes to business success: Competitive Advantage: Innovation enables businesses to differentiate themselves from competitors
Annual filings are important documents that provide essential information about a company’s financial performance, operations, and governance to stakeholders. These stakeholders include shareholders, potential investors, regulatory authorities, employees, lenders, and the general public. Here are some key reasons why annual filings are significant for stakeholders: Financial Performance: Annual filings, such as the annual report and
Section 8 Company registration refers to the process of incorporating a non-profit organization under Section 8 of the Companies Act, 2013 in India. This type of company is primarily formed for promoting charitable, scientific, educational, or other socially beneficial objectives, and it prohibits the distribution of profits to its members. The main aim of a
The Startup India Initiative is a flagship program launched by the Government of India in January 2016. It aims to foster entrepreneurship and promote the growth of startups in the country. The initiative focuses on creating a supportive ecosystem for startups, simplifying regulations, and providing various benefits and incentives to encourage innovation and job creation.
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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