Corporate tax avoidance refers to the legal strategies and practices employed by corporations to minimize their tax liabilities. While minimizing taxes is a common goal for businesses, aggressive tax avoidance measures can have significant implications for corporate governance. Here’s a discussion on the impact of corporate tax avoidance on corporate governance: Erosion of Stakeholder Trust: […]
Branding plays a crucial role in establishing a company’s reputation, recognition, and overall success in the market. Understanding Brand Identity: To build a strong brand, it’s essential to have a clear understanding of brand identity. The brand identity encompasses the visual, verbal, and emotional elements that define your brand. It includes your logo, color palette,
Reverse Charge Mechanism (RCM) is a provision under the Goods and Services Tax (GST) system where the liability to pay tax is shifted from the supplier of goods or services to the recipient of goods or services. RCM is primarily applicable in cases where the supplier is not required to charge GST on their invoice.
The integration of artificial intelligence (AI) in Indian startups has significantly revolutionized various sectors of the Indian startup ecosystem, including healthcare, finance, e-commerce, and transportation. AI-powered solutions are being employed to enhance efficiency, improve decision-making, and provide personalized experiences for customers. Let’s analyze the impact of AI in each of these sectors: Healthcare: AI has
Cash flow forecasting is a crucial tool for business expansion as it helps you anticipate and manage your financial resources effectively. Here are some techniques to consider when creating cash flow forecasts for business expansion: Historical Data Analysis: Start by analyzing your past financial statements, particularly your cash flow statements. Look for patterns and trends
Advance tax is a system of tax payment where individuals and businesses are required to estimate and pay their taxes in advance, usually in multiple installments, during the financial year before the end of the assessment year. The concept of advance tax is an important element of the taxation system in many countries, including India.
One Person Company (OPC) is a type of business entity that allows a single individual to form and operate a company. It combines the benefits of a sole proprietorship and a private limited company, providing a separate legal entity with limited liability for the sole owner. Here’s an introduction to OPC, including its concept and
In recent years, the Startup India initiative has gained significant momentum, playing a pivotal role in India’s economic growth and job creation. With a strong focus on fostering innovation and entrepreneurship, the program has unleashed a wave of startups across various sectors, leading to a surge in employment opportunities. This blog explores the remarkable impact
Setting up a subsidiary company in India can be a lucrative venture due to the country’s rapidly growing economy and vast consumer market. However, India’s business landscape is unique, and navigating its complexities requires a comprehensive understanding of various aspects. This guide aims to provide you with essential information and insights to help you establish
Deductions and credits are two important aspects of the tax system that can help individuals reduce their tax liability and potentially increase their income tax refunds. While both deductions and credits serve the purpose of reducing the amount of tax owed, they work in different ways and apply to various aspects of an individual’s financial
Investing in real estate can be a lucrative endeavor, but it’s essential to understand the tax implications associated with it. One critical aspect to consider is the capital gains tax. In this blog post, we will delve into the rules, exceptions, and investment strategies related to capital gains tax on real estate. Whether you’re a
In recent years, there has been a remarkable rise in the number of women entrepreneurs in India’s startup ecosystem. As the country’s entrepreneurial landscape continues to evolve, women are playing a pivotal role in driving innovation, creating job opportunities, and reshaping the business world. This blog explores the empowering journey of women entrepreneurs in Startup
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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