The GST Amnesty Scheme is a one-time opportunity for non-filers to come forward and declare their GST liability for the period of July 2017 to December 2022. The scheme is applicable to both registered and unregistered persons who have not filed their GST returns during this period. The scheme provides an opportunity to clear past […]
GST litigation refers to legal disputes that arise from the interpretation and implementation of GST laws. These disputes can be complex and time-consuming, and businesses often face several challenges in resolving them. Some of the common challenges faced by businesses in GST litigation include a lack of clarity in GST laws, multiple authorities involved in
Credit card have become an essential part of our lives as they provide us with the convenience of making payments without carrying cash. However, with convenience comes responsibility. It is important to take precautions while using credit cards to avoid falling into the trap of debt and fraud. In this article, we will discuss the
Foreign company registration in India is a topic of interest to many businesses looking to expand and enter the Indian market. With a large and rapidly growing market, favorable business climate, and access to skilled labor and resources, India presents a unique opportunity for foreign investors. Types of business structures for foreign companies in India
The recent regulations regarding the Liberalized Remittance Scheme (LRS) have caused concern for wealthy Indians who have been parking their funds abroad. The LRS is a scheme that allows Indian residents to remit money abroad for various purposes such as investment, education, travel, and medical treatment. However, the Reserve Bank of India (RBI) has tightened
As a taxpayer in India, you may have heard of Form 15G and Form 15H. These forms are used to claim exemption from TDS (Tax Deducted at Source) on interest income earned from fixed deposits, recurring deposits, and other fixed income sources. Eligibility Criteria for Form 15G and Form 15H – Form 15G and Form
Insurance policies are essential in providing protection and financial security in times of uncertainty. However, there are instances where these policies can become void, and individuals may need to seek a refund of their premium payments. In this comprehensive guide, we will explore the reasons why insurance policies can become void and the steps that
Understanding Income Tax Liability and Wage When it comes to income tax liability, it’s important to understand what constitutes wages. Wages refer to any compensation paid to an employee, including salaries, bonuses, and tips. It’s important to note that not all income is considered wages for tax purposes. For example, income from investments is not
Investing in startups can be a difficult task, especially for first-time investors. One popular investment option for startups is convertible notes. A convertible note is a type of loan that can be converted into equity at a later date. In this article, we will provide a comprehensive guide to convertible notes for investors in startups.
Intellectual property rights are legal rights granted to individuals or entities that allow them to protect their intellectual property, including patents, trademarks, copyrights, and trade secrets. These rights not only help creators and inventors protect their work but also incentivize them to continue innovating. Types of Intellectual Property Rights : There are four main types
The Union Government introduced a new tax scheme in the 2020 Budget under Section 115BAC, which provided preferential tax slab rates for taxpayers who were willing to forego certain deductions and exemptions. As per the Budget 2023, the government has forecast the following key changes for the financial year (F.Y) 2023-24: Rationalization of Income Tax
Form 10 is used for the purpose of granting approval to a trust, institution or fund to be eligible for tax exemption under various sections of the Income Tax Act. To obtain approval for tax exemption, the trust or institution must file Form 10 along with other required documents and information to the Income Tax
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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