Understand the Clauses in the Partnership Deed to Clarify Your Role as a Partner A partnership is an important aspect of any business when you decide to run an LLP or a Partnership firm. Knowing a partnership deed helps ensure that the company runs smoothly, and there is no conflict between the two of you.…
Different Kinds of Partners and Benefits of Partnership Firm A partnership firm is an association of two or more than two persons who agree to set up a business together. The individuals engaged in the partnership contribute assets as an investment to the firm. These individuals are the partners, and the enterprise together is the…
Understand The Meaning & Differences Between MoA and AoA It is such an exciting journey to start a new business for any entrepreneur. The journey is full of thrill and joy when you are about to give your business a legal identity. Here are many fantastic ideas going on in an entrepreneur’s mind after the…
Understand the Various Aspects of the Private Limited Company Annual Compliance Once the incorporation of a business is complete, it becomes mandatory for the company to follow the rules and regulations, which is commonly famous as compliance. The regulatory body defines these rules and regulation. In India, every registered organization intent to operate as per…
GST Amendments and Its Effects on Business in India Goods and services taxes (GST) came into effect from July 1st, 2017. The main objective was to simplify everything, including the tax structure, the rates, and compliance needs. The Indian government imposes GST is a single indirect tax to replace the multiple tax system levied by…
Busting the Myths About a Private Limited Company The thought of starting your new venture is full of excitement and anticipation. At the beginning of any entrepreneurship journey, the entire process seems to be very simple and easy to accomplish. However, it requires a lot of time and consideration in putting all your finances to…
Understand the Consequences of Failure in Filing Mandatory Compliance for a Company Whenever you start a business, register your business first. A company doesn’t need to start doing transactions in its initial phase itself. Hence, it becomes important for the companies to show that there is no transaction to the government, and how can they…
Five Modern Management Tips from Lord Krishna for Business Growth The Mahabharata is a literary treasure of India. It is the most extended epic script in the world and was composed by the Sage Vyas several thousand years ago from which the Hindu’s sacred text called Bhagavad Gita was extracted. It is a text to…
Delaying ITR Filing Can Invite Penalty up to INR 10,000 An Income Tax Return (ITR) is a tax that files the income details of an Indian with the Income Tax Department. Tax returns are filed every year for any person whose income during the year exceeds the Indian government’s limit. You can generate your income…
Importance of DIR-3 KYC Filing The Ministry of Corporate Affairs (MCA) has made mandatory compliance requirements for all the DIN holders to file the form DIR-3 KYC, before 30th September, for the financial year 2019-20. MCA issues directors Identification Number (DIN) to those individuals who are appointed as a director of any company or is…
