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Introduction to INC-20A The Ministry of Corporate Affairs (MCA) in India imposes stringent compliance rules to guarantee accountability and openness in the corporate sector. Form INC-20A filing is one such crucial compliance. For businesses registered after November 2, 2018, this form acts as a statement of the beginning of operation, as required by Section 10A… Continue reading What is INC-20A for Companies and how it is important
Income Tax Slabs Changes The new budget for 2024 has introduced several tax changes that will benefit salaried employees and pensioners. Increased standard deduction of salaried employees from ₹ 50,000/- to ₹ 75,000/- for those opting for new tax regime. Similarly, deduction on family pension for pensioners enhanced from ₹ 15,000/- to ₹ 25,000/-.The new… Continue reading Major Tax changes in Budget 2024
After incorporating a Private Limited Company, it is essential to comply with various legal procedures to avoid penalties and ensure smooth operations. The following checklist outlines the necessary compliance requirements for the first year: Obtaining PAN and TAN: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) immediately after incorporation.… Continue reading Legal Procedures you must comply in the First Year of Private Limited Company Registration
Limited liability partnerships (LLPs) and crowdfunding have gained significant traction in India, providing small business owners and entrepreneurs with innovative ways to set up their enterprises and generate income. This essay looks at the intricacies of limited liability companies (LLPs), and crowdfunding, and how these two business models could complement one another in India’s dynamic… Continue reading Crowdfunding and LLP in India
Incorporating a foreign subsidiary in India can be a complex process, requiring careful attention to detail and compliance with various regulations. This article provides a comprehensive guide to help foreign companies navigate the process of setting up a subsidiary in India. Step 1: Documentation The first step in incorporating a foreign subsidiary in… Continue reading Setting Up Of A Foreign Subsidiary In India
The Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. Registration under the Startup India initiative is crucial for startups seeking government support, recognition, and access to funding and resources What is… Continue reading Startup India Registration and its Benefits
The registration of a Private Limited Company (PLC) is a crucial measure for entrepreneurs seeking to formalize their business structure in India. A PLC provides its owners with limited liability protection, managerial flexibility, and market credibility. This is a comprehensive guide that will assist you with registering a Private Limited Company in India, including crucial… Continue reading How To Register A Private Limited Company
Introduction to the Startup India Initiative Launched in January 2016, the Government of India’s flagship program, Startup India Initiative, aims to help businesses across the country while promoting innovation and entrepreneurship. A key component of this policy is providing tax exemptions to eligible entrepreneurs, which significantly lessens the financial burden on early-stage companies and allows… Continue reading Tax exemption to Startups – Startup India Initiative
A partnership firm is a crucial form of business organization and is widely used in India. It requires a minimum of two individuals to establish. In a partnership firm, two or more people come together to start a business and share its profits based on an agreed ratio. This business structure encompasses various trades, occupations,… Continue reading How To Register A Partnership Firm In India
How do you ensure your idea is protected? The answer is patenting it. Patents are incredibly important for protecting the rights of inventors and creators. They provide exclusive rights to the inventors and creators for a certain period, allowing them to prevent others from making, using, or selling their inventions without their permission. In India,… Continue reading The Process of Patent Registration In India