When it comes to exporting goods or services in India while avoiding complex tax payments, the GST (Goods and Service Tax) system has introduced a handy tool known as the Letter of Undertaking or LUT. In simple terms, this article breaks down what a GST Letter of Undertaking is, who can use it, how to […]
Tax Deducted at Source is a way for the government to collect taxes. It works like this: when someone pays for goods or services, a certain percentage of that payment is taken as tax and given to the government. This tax money is an important part of the government’s income. In the context of the
The Companies Act of 2013 says that every registered company must do certain paperwork every year to stay in the government’s good books. To keep track of this, you can use the ROC (Registrar of Companies) Compliance Calendar for the year 2022-23. This guide tells you which forms to fill out, why, and when, so
As the date of your Annual General Meeting (AGM) draws near, it becomes increasingly crucial to ensure that you are in full compliance with all relevant laws and regulations. In the current regulatory environment, the Registrar of Companies (ROC) is exercising heightened vigilance, issuing notices, and imposing penalties on companies and their directors for even
Running a One Person Company (OPC) involves specific administrative duties, such as ensuring the punctual submission of various forms. Failure to meet these deadlines can lead to fines and potentially harm the company’s legal status. This article offers a detailed overview of the deadlines associated with important forms like AOC-4, MGT-7A, ADT-1, and DIR-3 KYC,
Every organization is obligated to submit its financial statements and required attachments using e-Form AOC-4 within the stipulated timeframe, as stipulated in section 137 of the Companies Act, 2013. Should the financial statements not be ratified during the Annual General Meeting (AGM), the unapproved financial statements must be submitted within 30 days from the date
In a country where helping others is highly valued, there’s a special type of organization called “not-for-profit companies.” These organizations are like superheroes of positive change. In this article, we’re going to explore what makes them special, what they do, and why they matter so much. Introduction: India is a place where people care a
For people who love traveling and earning money in India while living abroad (NRI), managing their finances can be both exciting and challenging. To make sense of the financial rules, it’s crucial to understand a thing called TDS, which stands for Tax Deducted at Source, as per Section 195 of the Income Tax Act. This
Foreign Exchange conversion services are like currency transformers. They help people turn one type of money into another. It’s like when you have different coins, and you want to change them into bills or swap one country’s cash for another’s. In India, there’s something called the Goods and Services Tax (GST), and it applies to
In a Private Limited Company, ownership is determined by the shareholders. If you want to bring in new investors or change the ownership structure, you need to transfer shares. Here, we’ll explain how this process works in Private Limited Companies. We’ll cover what share transfer are, the rules for transferring them, and other important information
Facebook Ads, also referred to as Meta Ads, stands as a prominent advertising platform facilitating both companies and individuals in promoting their products and services to a vast online audience. This platform offers various payment options, including credit or debit card, Netbanking, Paytm Wallet, and Facebook Ad coupons, enabling advertisers to settle their advertising fees
The Goods and Services Tax (GST) is a significant tax system in India that affects various parts of the economy, including online gaming. In July and August of 2023, there were two important meetings (the 50th and 51st GST Council meetings) that made important changes to how online gaming is taxed in the country. These
MSME Suvidha Powered By Legal Suvidha has been a one-stop Compliance Provider for all start-ups and entrepreneurs.
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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