We are at the later stage of a health pandemic that is resulting in the biggest economic crisis of our lifetime putting extreme pressure on small and medium businesses. Many businesses will not survive. Those that do survive will see huge opportunities beyond the bridge to the other side. Those businesses that survive will see […]
In India the major sources of Income of the State Government and the Central Government are Taxes. We the common people making the economy stable by paying taxes from Income Tax to GST. In our daily life we are paying different types of taxes. Taxes are divide into two types- Direct Tax and Indirect Tax […]
Business organisation refers to all necessary arrangements required to conduct a business in an optimized manner. It refers to all those steps that need to be undertaken for establishing and maintaining relationship between men, material, and machinery to carry on the business efficiently for earning profits. This may be called the process of planning and […]
Documents of both partners, as well as the partnership firm, have to be submitted for registering the LLP. A. Documents of Partners 1. ID Proof of Partners – All the partners are required to provide their PAN at the time of registering LLP. PAN card acts as a primary ID proof. 2. Address Proof of Partners – […]
Filing of LLP Agreement / Changes in LLP Agreement in eform 3 Form 3 should file within 30 days of Registration of LLP. In case of default, 100 Rupees per day penalty will be imposed, till the date of filing. PAN and TAN Application Every business should have a PAN, for making Money Transactions and […]
Our name is our Idea and its our brainchild. Trademark Registration help us to protect our brand, logo, name, or combination of colours. Trademark Registration provides protection to the owner of the mark by ensuring the exclusive right to use it, or to authorize another to use the same in return for payment. A trademark is a mark […]
Company Name Ideas A name describes as and differentiate us from others. It is our identity. It is the basis of our goodwill. At the time of developing idea about a company, we also will think about naming it. However naming a company is not that much easy. We should consider different aspects while choosing […]
Issue of Sweat Equity Shares According to section 2(88), sweat equity shares mean such equity shares issued by a company to its directors or employees at a discount or for consideration, other than cash for providing their know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name […]
The Government has recently unveiled a scheme that provides prosecution immunity and reduces the penalty for late filing various LLP returns. Under this scheme, a LLP registered in India can file any overdue LLP return paying a maximum penalty of Rs.5000 per form before 13th June 2020. Persons availing relief under this scheme will also enjoy immunity from prosecution. Post the expiry of this […]
[As amended by Finance (No. 2) Act, 2019] A. Tax Rates and Relief [AY 2020-21] S.N. Particulars Benefits Available to 1. Maximum amount of income which is not chargeable to Income-tax Rs. 2,50,000 Individual/HUF 2. Maximum amount of income which is not chargeable to Income-tax in the hands of a resident senior citizen, who is […]