Private Limited Company Advantages: A Comprehensive Guide Introduction A Private Limited Company (Pvt Ltd) is one of the most preferred business structures in India, offering a balance between limited liability, credibility, and ease of operations. Governed by the Companies Act, 2013, a private limited company provides entrepreneurs with numerous benefits, including legal recognition, financial advantages,… Read More »
GST on Flat Purchase : The Goods and Services Tax (GST) has significantly transformed India’s taxation system, impacting various sectors, including real estate. For homebuyers, understanding the GST on flat purchases is crucial as it affects the overall cost of acquiring a property. In this article, we will provide a detailed guide on GST implications… Read More »
The Goods and Services Tax (GST) was implemented in India on July 1, 2017, to replace multiple indirect taxes. It is levied on the supply of goods and services, categorized into 5%, 12%, 18%, and 28% tax slabs. However, certain goods are exempted from GST, meaning no tax is levied on their supply. GST-exempt goods… Read More »
The construction industry is one of the largest sectors in India, contributing significantly to the country’s GDP. With the introduction of the Goods and Services Tax (GST) on July 1, 2017, the taxation structure for construction work underwent a major transformation. Earlier, the industry was subject to multiple taxes like Value Added Tax (VAT), Service… Read More »
Can an OPC Issue Shares? “: One Person Company (OPC) is a unique form of business structure introduced under the Companies Act, 2013, to support solo entrepreneurs who want the benefits of a private limited company while maintaining control over their business. However, OPCs come with certain legal and structural limitations, particularly in terms of… Read More »
The Public Provident Fund (PPF) is one of the most popular long-term investment options in India due to its tax-free returns, safety, and compounding benefits. Many investors consider it as a reliable savings instrument for wealth creation and retirement planning. However, when it comes to Hindu Undivided Family (HUF), there is often confusion regarding whether… Read More »
10 Business Ideas That Never Fail : Starting a business is a dream for many, but the fear of failure often holds people back. While no business is entirely risk-free, certain business models have stood the test of time and proven to be highly resilient. These businesses cater to evergreen needs, ensuring consistent demand and… Read More »
The Articles of Association (AoA) is a crucial document that defines the internal governance and operational framework of a company. It works in tandem with the Memorandum of Association (MoA) and serves as a rulebook regulating the management, responsibilities, and rights of company directors, shareholders, and other stakeholders. Every company registered under the Companies Act,… Read More »
The Goods and Services Tax (GST) has significantly transformed the Indian taxation system, affecting various sectors, including real estate. One crucial aspect under GST is the taxation of rental income, which applies to commercial and residential properties under specific conditions. Understanding the GST on rental income is essential for landlords, tenants, and businesses to ensure… Read More »
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. While GST applies to most goods and services, certain services are exempted from GST to provide relief to specific sectors and ensure economic balance. These exemptions are primarily aimed at supporting essential services such… Read More »