How to File A Trademark for an Individual
Categories
Business Compliances, Business Registration, Startup

An individual can file for a trademark for the purpose of providing a distinguishable Identity to his/her products or services, and it can be done under the Trademarks Act 1999. These Are The Following Steps To File A Trademark For An Individual Come up with a unique trademark and determine the class of your trademark. This […]

Amendments in Schedule III of Companies Act, 2013
Categories
Business Compliances

Amendments in Schedule III of the Companies Act, 2013 are as follows:- 1. Rounding Off: It is an option to do rounding off of figures till the financial year ended 31.03.2021. To round off the figures appearing in the Financial Statements for the financial year ending 31.03.2022, the Company’s total income shall be considered as […]

Income Tax Returns Eligibility
Categories
Income Tax

Income tax returns are forms in which taxpayers file information regarding their earned income and the respective tax applicable to the Income Tax Department. There are different types of income tax return forms depending on the taxpayer’s category and income type. It is a form that an individual every year submits to the Income Tax Department specifying […]

Major changes in ITR for FY 2022-23
Categories
Income Tax

Some significant changes have been incorporated in the ITR forms in line with the amendment in Finance Act, 2022, which taxpayers should keep in mind while filing their returns.  Major changes in ITR-1 The assesses will have to provide information about income from overseas retirement funds while calculating their net salary. Major changes in ITR-2 […]

GST Return
Categories
Business Compliances

What is a GST Return? A GST return is a document containing details of all income/sales and/or expenses/purchases that a GST-registered taxpayer (every GSTIN) is required to file with the tax administrative authorities. This is used by tax authorities to calculate net tax liability. Under GST, a registered dealer has to file GST returns that broadly include: Purchases […]

Types of Income Tax Return Forms in India
Categories
Income Tax

Income tax returns are forms in which taxpayers file information regarding their earned income and the respective tax applicable to the Income Tax Department. There are different types of income tax return forms depending on the taxpayer’s category and income type. ITR-1 Form This form is also known as the Sahaj form. Individual taxpayers should go for […]

First Compliances for a newly incorporated Private Limited Company
Categories
Business Compliances

As per Section 2(68) of Companies Act, 2013, “Private Company“ means a company having a minimum paid-up share capital as may be prescribed, and which by its articles:i)restricts the right to transfer its shares;ii) except in case of One Person Company, limits the number of its members to two hundred:Provided that where two or more […]

Annual Compliances for a Private Limited Company
Categories
Business Compliances

As per Section 2(68) of Companies Act, 2013, “Private Company“ means a company having a minimum paid-up share capital as may be prescribed, and which by its articles:i)restricts the right to transfer its shares;ii) except in case of One Person Company, limits the number of its members to two hundred:Provided that where two or more […]

Benefits Of Startup India Program That Indian Businesses Can Avail
Categories
Startup

The introduction of the Startup India initiative by the Government of India is a major milestone. It is a great opportunity for the generation of employment, wealth and promotion of indigenous industries. The main aim of Startup India is the development and innovation of products and services. It also seeks to increase the employment rate in India. […]

LLP vs Private Limited, Which is best for registration in India
Categories
Business Registration, Startup

It’s the most basic question asked that which form of Legal entity we should register Limited Liability Partnership or a Private Limited Company. Here are some of the basic differences between the two forms, both have their own advantages: Registration Cost: The Government fee for incorporation of a LLP is significantly cheaper when compared to […]