FORM 10BA: DEDUCTIONS CLAIMED UNDER SECTION 80GG What is Form 10BA? Form 10BA is a statement to be recorded by a taxpayer who needs to maintain a tax deduction under Section 80GG for rent, settled on rental property. To claim the deduction under section 80RRB the following prerequisites have to be fulfilled: The taxpayer should not …
BUDGET 2023: CHANGES IN GST This article will explain the changes in GST in Union Budget 2023. AMENDMENTS: Finance Minister Nirmala Sitharaman proposed nine legislative revisions to the GST law in the Union Budget 2023. Decriminalization GST Offences From the current range of 50% to 150% of the tax amount, the compounding …
HIGHLIGHTS OF BUDGET 2023 Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget 2023, the fifth budget of Modi 2.0. In the last full-fledged Budget before the general elections next year, Nirmala Sitharaman said that the Indian economy is on the right path and heading towards a bright future. In a big …
What is a National Savings Certificate (VIII) and Why it Can Help You Save on Taxes? National Savings Certificate (NSC) is a popular savings instrument offered by the Government of India. It provides an opportunity to save taxes as well as earn an attractive rate of interest. NSC VIII can be used for both short-term …
What are Tax Deductions and How Do They Work? Tax deductions are a great way to save money on your taxes. They allow you to reduce the amount of taxable income you report on your tax return, resulting in a lower tax bill. Deductions can be claimed for a variety of items, such as charitable …
What is the Monthly Income Scheme & How Can You Claim Deductions? Monthly Income Scheme is a tax-saving instrument provided by the government of India. It allows taxpayers to save taxes by investing in fixed deposits with banks or post offices. The scheme offers a variety of benefits, including tax deductions and regular income for …
Want to save on taxes? Learn how to claim deductions on your Monthly Income Scheme Read More »
What is the Senior Citizen Savings Scheme and How It Can Help You Save Taxes? Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed to help senior citizens save money for their retirement. It offers attractive tax benefits and a guaranteed return on the amount invested. This scheme can be used by senior citizens …
Sukanya Samriddhi Yojana and How Does it Benefit Parents with Girl Children? Sukanya Samriddhi Yojana is a special savings scheme launched by the Government of India to promote the welfare of girl children in India. The scheme offers parents with girl children a unique opportunity to save money for their daughters’ future by investing in …
What is a Monthly Income Scheme and How Does it Help with Retirement Savings? Monthly Income Scheme (MIS) is a type of investment plan that helps individuals save for retirement by providing them with a fixed monthly income. It is an ideal option for those who want to ensure a steady and reliable income in …
What is a National Savings Recurring Debit Account and Why Should You Care National Savings Recurring Debit Account is an easy and secure way to save money for the future. It allows you to set up regular, automated payments from your bank account into a savings account which earns interest over time. This type of …
What is a National Savings Time Deposit and How Does It Help with Tax Deduction? National Savings Time Deposit is considered a safe and secure investment option, as the government guarantees the deposit and interest. It is also a tax-saving investment, as the interest earned is exempt from income tax under the provisions of the …
What is NPS and How it Can Help You Save for Retirement? National Pension System (NPS) is a government-sponsored pension scheme in India. It is mandatory for government employees and optional for other citizens. NPS contributions are made by the subscriber (employee or individual) and the employer (in the case of government employees). Saving for …
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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