Filing ITR for a private limited company can seem like a difficult task, but it is a necessary responsibility for all business owners. It is important to file tax returns on time to avoid penalties and fines and to maintain compliance with the law. In this blog post, we will walk you through the steps […]
The Lean Startup Methodology has become increasingly popular in recent years, and for good reason. It provides entrepreneurs with a framework for building successful businesses that is both efficient and effective. At the core of the Lean Startup Methodology is the concept of the Minimum Viable Product (MVP). In this blog post, we will explore
Cryptocurrencies and NFTs have emerged as popular investment options in recent years, attracting investors worldwide. As the use of crypto and NFTs continues to grow, governments around the world are paying close attention to the tax implications of these investments. Taxation regulations for cryptocurrencies and NFTs are currently evolving, and it is important for investors
Artificial Intelligence (AI) is revolutionizing every industry, and bookkeeping is no exception. As companies continue to digitize their records and move their financial operations online, the role of AI in bookkeeping is becoming increasingly important. AI-powered bookkeeping solutions are changing the game by improving accuracy, saving time, and reducing costs. Here are some ways AI
Starting a startup is no easy feat, but scaling it up can be even more challenging. As your startup begins to gain traction and grow, it’s essential to have a clear strategy in place for scaling and expanding your business. In this blog, we’ll discuss some key strategies for scaling your startup and taking it
As a private limited company in India, it is important to comply with various regulations to ensure that your business operates legally and ethically. One such compliance requirement is ROC compliance, which stands for Registrar of Companies compliance. In this blog, we will explore what ROC compliance is and why it is important for private
Filing annual returns for a private limited company is a crucial compliance requirement that every business owner should be aware of. It is a legal obligation to submit annual returns to the Registrar of Companies in the country where your company is registered. Failing to do so can result in penalties and fines. In this
In this article, we will analyze the provisions of Section 45 of the Insurance Act, of 1938, and its implications on the insurance industry. Section 45 of the Insurance Act, of 1938, is a crucial provision that provides protection to the policyholders in case of misrepresentation or non-disclosure of material facts. It has significant implications
In this article, we will discuss the various aspects of calculating HRA exemption under the Income Tax Act. House Rent Allowance (HRA) is a common component of the salary structure of employees in India. It is given to employees by their employers to cover the cost of renting a house. The HRA is a crucial
Corporate Social Responsibility (CSR) is a term that refers to a company’s responsibility towards society, the environment, and its stakeholders. CSR initiatives aim to create a positive impact on society while ensuring that businesses operate in a sustainable manner. These initiatives can range from ethical sourcing and fair trade practices to environmental conservation and social
What is SAC (Servicing Accounting Code) ? The SAC code is a unique code that is used to classify services provided under the Goods and Services Tax (GST) system. It is a 6-digit code that is used to identify the type of services being provided. The SAC code is based on the International HSN or
Internal Audit is a crucial function in any organization, providing independent and objective assurance to the management regarding the effectiveness of internal controls, risk management processes, and governance mechanisms. In India, Internal Audit has undergone significant evolution over the years, driven by changes in regulatory requirements, business environment, and technological advancements. The evolution of Internal
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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