Choose the best one for you Whether you want to start as an LLP or private limited company depends upon the objective, scope and capital and sale of the business entity. LLP is recommended when the capital amount is less than 25 lacs and s…

Documents Required Limited Liability Partnership or LLP is a partnership firm but with a limited liability given to its partners. It is considered to be one of the safest forms of company and is also easy to form. It is a separate legal en…

Registration Procedure The Ministry of Corporate Affairs (MCA) administers the LLP registration through the Office of the Registrar of Companies. The incorporation process is online similar to the company registration process. Applications…

Name Selection: Limited Liability Partnership more commonly known as LLP came in India in 2009 and works according to LLP Act 2008. Limited Liability Partnership refers to a form of business set up in a partnership but with limited liabili…

Documents required Given below is the details of required documents for service tax registration in India: PAN card copy of the owner of the business entity.Recent Photograph and identity proof of the person filing the application which in…

Who can file Income Tax return Every taxpayer is entitled to submit a summary of his earnings annually to the Income Tax Department. This submission is done by filing a series of form which is known as the filing of Income Tax Return. Inco…

Avoid following Mistakes Forget Sending ITR V to Income Tax Department Taxpayers are required to post an ITR V form to income tax department on the address -”Income Tax Department–CPC, Post Bag No.1, Electronic City Post Office, Bangalore …

Tax Implications RETURNING INDIANS: - An NRI returning back to the country must understand the norms of foreign exchange regulations, tax system, and banking in order to settle his financial issues in India and outside. FOREIGN EXCHANGE MA…

Income Tax Notices There are various times when income tax department sends notice to people regarding certain issues. Many people fail to deal with that. To deal with those notices this article will help you. Handle it carefully- Whenever…

Many people were expecting the devaluation of the Chinese currency Yuan. But the magnitude of devaluation came as a surprise for everyone, including these people. The Yuan has weakened 4% against the US dollar.People’s bank of China states…

Income from Funds Income from the Mutual fund has two forms- dividend, which is regular or fixed and also capital gains, which are random. The entire income received in terms of units of the mutual fund, registered with the exchange board,…

Service tax in GTA Anyone who provides the service of transportation of goods from one place to another via road and also issues a consignment note would be called by the name of Goods Transport Agency.In 1997, the finance act levied servi…