The annual Income Tax Return (ITR) filing season in India is an important obligation for taxpayers, requiring them to submit their financial details to the government by a specific due date. For the financial year 2022-23, the due date for filing ITR was set at July 31, 2023. Failing to meet this deadline can lead …
In recent years, India has seen many people starting their own businesses, thanks to the government’s efforts to encourage new ideas and business growth. They’ve introduced a program called Startup India to help these new businesses. One big part of this program is giving these businesses special tax benefits to help them grow and be …
Did you miss the deadline for submitting your Income Tax Return? No need to worry; you can still rectify this situation. It is possible to file your ITR for the past three years by utilizing the ITR-U form. But what exactly is ITR-U? or Income Tax Return – Utility, is the form that permits taxpayers …
An annual return, filed using Form MGT-7/7A, is really important for Indian companies. It helps keep things transparent, makes companies accountable, and ensures they follow good corporate rules. In this discussion, we’ll look at why annual returns matter, the different forms needed, and the rules companies must follow. Annual Return: In simple terms, an annual …
The POSH Act, also known as the law against workplace harassment of women, is super important. It’s not just about following the law; it’s the right thing to do. It makes sure that women at work are safe and treated with respect. This law applies to every company or workplace with ten or more employees, …
The Goods and Services Tax Network (GSTN) has recently provided comprehensive guidance and instructions regarding the Geocoding Functionality for Additional Places of Business. This development represents an important step forward in the realm of tax compliance and administration in India. Let’s discuss the latest updates and insights related to the GSTN geocoding advisory specifically tailored …
The Indian government originally planned to change the way they collect taxes on certain transactions starting on July 1, 2023, as part of their budget plans for that year. However, they decided to delay these changes until October 1, 2023, because they realized that the systems for reporting these taxes were not ready, and it …
The Goods and Services Tax (GST) in India was created in 2017 to make taxes simpler. But sometimes, mistakes happen, just like with anything complex. That’s where GST Section 161 comes into play. It helps correct mistakes in GST-related documents, like orders or notices. Let’s dive into what GST Section 161 is all about. Understanding …
When you start a company in India, you have to follow certain rules even after it’s officially set up. These rules are called post incorporation requirements, and they’re essential to make sure your business operates legally. If you don’t follow them, both you and your company can face fines and penalties. A Private Limited Company …
In today’s world, many businesses use the Internet to promote their products and services. They do this by placing ads on websites like Facebook, Google, and Instagram. These websites are popular worldwide, and they help businesses reach a lot of people. But when businesses advertise on these websites, they need to follow certain tax rules. …
Tax season is like a big puzzle with lots of rules. If you work in India and pay taxes, you might have heard about the New Tax Regime, which has made things a bit more complicated. In this article, we’ll break down the important things you need to know when you have to choose between …
The One Person Company (OPC) is a distinctive business structure that offers individuals the advantages of limited liability while preserving full control. This article presents an extensive guide on the annual filing obligations for OPCs under the Companies Act of 2013. Comprehending OPC Annual Filing: According to Section 2(62) of the Companies Act, 2013, an …
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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