Posts Tagged: compliance

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Startup Registration

After introducing the concept of Start-Up Scheme, the people around the country wants to know more about the benefits and profits which are offered by the scheme. This is one of the efficient steps taken by the Government of India to support the startups and business ventures which have new, creative and innovative ideas. Innovative ideas of the start-up always look forward to the proper infrastructure with great financial support to live in the competitive environment of the business.

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Registration of One-person Company

One-person company is a proficient way to start a company. The concept was introduced in India through Companies Act, 2013. It is a method of self-employment introduced to boost up the economy of India.

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One Person Company

One-person company (OPC) is a new concept introduced for the first time in India, in the 2013 Act based on the recommendation of the J. J. Irani Committee. As per the definition enshrined in Sec. 2(62) of the Act, there will be only one member in the OPC. Only a natural person can be its sole member.

Legal

All About Address Proof Affidavit

Affidavit is basically a written statement that is taken on oath and may be used as evidence in a court of law. If you lie on an affidavit, it constitutes an offense under the Indian Penal code. So, if we combine the meaning of the above words, we get the idea of address proof affidavit. It is a document which helps in legally proving a person’s address.

Legal

Trademark Assignment

According to Trademarks Act, 1999 “trademark”, is a mark which can be represented in a graphical form and which is capable of distinguishing the goods or services of one person from those of others and may include the shape of goods, their packaging, and the combination of colours.

Tax Club

All You Need to Know About GSTR-3

GST R1, R2, and R3 are various forms which are used for filing GST return. Return is a document which contains the details of income which a taxpayer is required to file with the authorities. Under GST a registered dealer has to file GST return which includes for purchases, sales, input tax credit etc.

Legal

Significant details of RERA

RERA (The Real Estate Regulation and Development Act, 2016) is India’s first Act to give real estate regulation and laws. The Parliament of India has passed the act last year i.e. 2016 and 1st May 2017 was given to Union Ministry of Housing and Urban Poverty Alleviation for the implementation of this Act. This Act formulates and notifies the rules to the regulate, directly or indirectly, for the proper functioning of the real estate sector. The basic motive of introducing RERA Act is to bring fair practices with the clarity to the buyers about their rights and interest and heavy penalties will be imposed on builders if they try to exercise unfair practice or infringe the buyer’s rights and interests.

Tax Club

TDS Filling

TDS means Tax Deducted at Source. It is the tax which is deducted from income, interest on securities, rent payment, payment of commissions etc. The full form of TDS makes its meaning quite clear that TDS is such type of tax which is deducted at the very source of it. For example, if a bank has to pay a certain amount of interest to a person who has an account in that bank, then the person is going get such interest with a deduction of a certain amount, that deduction will be the TDS. In this example, the deductor is the bank and the deductee is the account holder. Deductor has to file this TDS to the Govt.

Tax Club

Income Tax Return Filling

Income-tax is a tax levied and collected by the Central Government on income of a person. The provisions relating to the income-tax are governed by the Income-tax Act, 1961. Income–tax return (ITR) is a statement of income and tax thereon, which is to be supplied by a taxpayer to the Income-tax Department in permitted form. All year dissimilar forms of returns of income are approved by the Income-tax Department for different taxpayers having different income from different sources.

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Advantages of MSME Registration

Micro, small and medium enterprises (MSMEs) are often considered the backbone of Indian economy. MSME’s or SSI provides greater employment opportunity and ensures infrastructural development and industrial growth in the semi-urban and rural areas. Further, these have served well the socialist goals like equality of income and regional imbalances.

Legal

Annual Mandatory Compliance for Start-ups in India

Startups in India have to follow a number of compliances placed by various statues. These include the periodic filing of tax and other returns, holding the board and other meetings, maintaining statutory books and accounts etc.

Legal

NBFCs - Registration and Compliance

The non-banking financial companies (NBFCs) are on rise and form’s an important part of the Indian financial system. The non-banking financial companies (NBFCs) are a group of institutions that are heterogeneous in nature that raises funds from the public in direct and indirect ways.

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Investigating the Affairs of LLP

A limited liability partnership, as its name suggests is a business organization where through the partners bring investment in the firm, they have a limited liability towards the dues of the partnership. Therefore, it provides the advantage of limited liability of the partners, like a company, and the organization and management of their entity, like a partnership.

Legal

Employee Non-Disclosure Non-Compete Agreement

Employee non-disclosure and non-compete agreements are a type of restrictive covenants. These agreements are negative in nature as they restrain the employees’ actions. Employee confidentiality agreements legally restrain the employees from disseminating any confidential information shared with them during the period of employment. A non-compete or a non-competition agreement restrain the employees from participating in the same trade as the employer for a period of time, after the termination of employment. These agreements are entered to protect the business interest of the employer.

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Difference between LLP and Partnership

A limited liability partnership, as its name suggests is a business organization where though the partners bring investment in the firm, they have a limited liability towards the dues of the partnership.

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What are the Advantages of Partnership Deed?

A partnership deed is an agreement among the partners that lays down the rights and responsibilities of the partners in a business operation to avoid future inconveniences. It has the force of law and is designed to guide the partners in the conduct of their business. A partnership agreement may be written or oral.

Tax Club

TDS Deduction Rules in India

TDS or Tax Deducted at Source is income tax deducted at the source of income i.e. by the person or organization making the payment. Following are the rules regarding deduction of TDS applicable in India

Tax Club

What is TDS (Tax Deducted at Source)?

Tax is a compulsory contribution to state revenue, levied by the government on workers income and business profits, or added to the cost of some goods, services, and transactions. Technically it is a strain and burden on the people. In India Income Tax Department a government agency supervise tax collection by government of India. This is under department of Revenue of Ministry of Finance. The bottom line is that taxation should foster equal distribution of resources.

Posts Tagged: compliance

Startup Registration

Registration of One-person Company

One Person Company

All About Address Proof Affidavit

Trademark Assignment

All You Need to Know About GSTR-3

Significant details of RERA

TDS Filling

Income Tax Return Filling

Advantages of MSME Registration

Annual Mandatory Compliance for Start-ups in India

NBFCs - Registration and Compliance

Investigating the Affairs of LLP

Employee Non-Disclosure Non-Compete Agreement

Difference between LLP and Partnership

What are the Advantages of Partnership Deed?

TDS Deduction Rules in India

What is TDS (Tax Deducted at Source)?

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