All companies are mandated to register specifics regarding the creation or modification of charges within a designated timeframe with the Registrar of Companies. These charges can encompass various asset types, either within or outside India, and may be in favor of entities like banks or financial institutions. Indian companies must file using eForm CHG-1, while […]
The Indian government is making big changes to the Goods and Services Tax (GST) system through the Finance Act of 2023, starting from October 1, 2023. These changes affect different parts of the Central Goods and Services Tax (CGST) Act and the Integrated Goods and Services Tax (IGST) Act. In this article, we’ll explain these
In India, private limited companies are common for businesses. They have to follow certain rules from the Companies Act, 2013. A big part of their job is preparing and sending important legal papers to the Registrar of Companies (ROC). These rules are super important for keeping the company legal and transparent. In this article, we’ll
Form 10BB finds its applicability under specific circumstances: 1. Income Threshold: It is applicable when the total income of a trust or institution does not exceed Rs. 5 crore in the previous fiscal year. 2. No Foreign Contributions: The form applies if the trust or institution has not received any foreign contributions. 3. Income Utilization:
When your GST registration is canceled by the authorities, it’s essential to know the process of restoration. You can apply for restoration by submitting Form GST REG-21 within 30 days of receiving the cancellation notice. In this article, we’ll explore the steps involved in revoking a canceled GST registration. Understanding Form GST REG-21: Form GST
An AGM is like a big yearly meeting where the owners of a company (that’s the shareholders) get together with the people who run the company (the board of directors). They come together to talk about important stuff like how the company is doing financially, and how it’s growing, and to show everyone a report
In the business world, companies often join forces through mergers and acquisitions. When this happens, it’s important to handle tax responsibilities carefully, especially when it comes to Goods and Services Tax. GST involves things like filing tax returns, getting registered, and transferring tax credits. So, when two companies come together, dealing with GST can get
An income tax refund is a reimbursement of excess taxes paid to the government. When you pay more in income taxes throughout the year than you owe, you can claim a refund, which is the extra money returned to you by the tax authorities. In this comprehensive guide, we will not only explore how to
The annual Income Tax Return (ITR) filing season in India is an important obligation for taxpayers, requiring them to submit their financial details to the government by a specific due date. For the financial year 2022-23, the due date for filing ITR was set at July 31, 2023. Failing to meet this deadline can lead
In recent years, India has seen many people starting their own businesses, thanks to the government’s efforts to encourage new ideas and business growth. They’ve introduced a program called Startup India to help these new businesses. One big part of this program is giving these businesses special tax benefits to help them grow and be
Did you miss the deadline for submitting your Income Tax Return? No need to worry; you can still rectify this situation. It is possible to file your ITR for the past three years by utilizing the ITR-U form. But what exactly is ITR-U? or Income Tax Return – Utility, is the form that permits taxpayers
An annual return, filed using Form MGT-7/7A, is really important for Indian companies. It helps keep things transparent, makes companies accountable, and ensures they follow good corporate rules. In this discussion, we’ll look at why annual returns matter, the different forms needed, and the rules companies must follow. Annual Return: In simple terms, an annual
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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.
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