Notification No. 7/2023, issued by the Central Board of Direct Taxes (CBDT) on February 21, 2023, is a big deal for organizations like charities and religious groups. It introduces two new forms for their audit reports: Form 10B and Form 10BB. These forms are crucial for these organizations to report their finances correctly. It’s essential […]
Tax avoidance and tax evasion both have to do with how people handle their taxes, but they’re quite different when it comes to whether they follow the law and what they intend to do. Tax Avoidance is when people use legal methods or tricks to pay less in taxes. It’s like finding ways in the
Imagine you’re in your favorite casino. The colorful slot machines are spinning, and the bright lights are flashing all around you. Suddenly, you hit the jackpot – the perfect combination of symbols on the slot machine. It’s an exciting moment! The machine starts making happy noises, and you see a big pile of coins or
In the world of managing money and taxes, one important task is filing Income Tax Returns (ITRs). This is something everyone, whether you’re a regular person or a business, needs to do. The Income Tax Department makes it mandatory for us to report how much money we’ve earned during a specific year. This report, which
In India, the Registrar of Companies (ROC) is crucial for keeping things transparent and making sure that companies and LLPs follow the rules laid out in the Companies Act and the LLP Act. To do this, companies and LLPs have to regularly submit various types of documents. These documents fall into categories like yearly submissions,
In the ever-changing business world of India, entrepreneurs often look for simple and flexible ways to start and run their businesses in a manner that aligns with their goals. One such option, introduced under the Companies Act of 2013, is called the “One Person Company” or OPC. This legal structure combines elements of running a
India is one of the biggest exporters of stuff in the world, ranking 19th. They export all sorts of things, and what they export is known for is really good quality and not too expensive, which makes them a lot of money. If you’re thinking about starting your own export business in India, you should
Understanding income tax in India can be tricky, and making mistakes can get you into financial and legal trouble. In this article, we’re going to talk about some important things that many people get confused about or don’t pay enough attention to when it comes to income tax. Section 44AD: Simplifying Tax Compliance for Small
The necessity of obtaining an FSSAI license for an industrial canteen cannot be understated, as it is a fundamental requirement for any establishment falling within the category of a food business. Whether you are contemplating the initiation of an industrial canteen venture or already managing one, securing an FSSAI License for Industrial Canteen is important.
The Goods and Services Tax (GST) system in India has changed how businesses deal with taxes. There are many rules like e-invoicing, e-Way Bills, handling invoices, credit and debit notes, tax credits, making tax payments, filing returns, and annual reconciliation. It’s crucial for businesses to understand and handle these aspects of GST compliance. In this
Starting November 1, India’s Goods and Services Tax (GST) system will go through some important changes. One of the big changes is that there will be a strict rule that says businesses must issue e-invoices within 30 days under GST. This rule will affect businesses, especially the ones that make more than Rs. 100 crore.
Individuals who find themselves in a situation where their bank, employer, or any financial institution mistakenly withhold taxes in a different financial year can now take proactive steps to rectify this issue directly with the income tax department. This development offers a more efficient and user-friendly approach to addressing taxation discrepancies. This big group called
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.
Legal Suvidha © 2013-2024. All Rights Reserved.
