Starting a business is one of the most exciting and rewarding experiences of your life. Choosing the type of company is one of the most difficult decisions you can make. The Private Limited Company has a huge profit compared to other companies. A limited private company...
Limited liability partnership or LLP term has recently become common among the new startups and entrepreneurs. LLP is a kind of partnership between some or all the partners of a firm where all the partners have limited liability. In simple language, it means that each...
Being a startup, you always have a question in your mind if you should register the company or not? A company must be registered to do business. You can indeed do business without a company registration, but the government still considers you a sole proprietorship....
Small business owners are very interested in understanding the latent impacts of GST on their businesses, as they can drive economic growth. It's a well-known fact that SMEs contribute the most to national economic output and employment. To better understand the effect of GST on...
The GST or Goods and Services Tax was introduced in the Constitution of India under the Constitutional Amendment Act 101, 2016. Following the introduction of the GST, many sectors experienced negative and positive results. The introduction of taxes was a long-term benefit. Some sectors would benefit...
After the goods and services tax or GST came into effect, there has been a positive impact on the overall economy of the country. Every business now has to register for GST if they are offering any kind of services or selling goods. They can...
It is just as important for each taxable individual to register under GST as it is for any citizen of the nation to have an identification document in order to benefit from the advantages and be recognised as one. Failure to register under GST may...
Goods and Services Tax (GST) was started on 1st July 2017 when the parliament approved the GST act. The advantages of GST are pretty spacious for consumers of India. It has decreased a load of various indirect taxes in one taxation system. It is essential to...
Hiring the right accountant to manage your small business is an important decision in the life of your company. The right person for the job can contribute to the growth of your company, and the wrong person can make a big difference. The above is...
Charitable organizations do tireless work to help the less fortunate, needy sections of society. To support their work, the government offers tax deductions to citizens for contributions and donations made toward charities. What is Section 80G? Section 80G of the Income Tax Act lets you claim tax...
