Introduction Limited Liability Partnership (LLP) is a popular business structure in India, offering the flexibility of a partnership with the advantages of limited liability. Since its introduction under the Limited Liability Partnership Act, 2008, LLPs have gained traction among small businesses, startups, and professionals due to their minimal compliance requirements and cost-effective nature. One of… Read More »
GST on Popcorn: Analyzing the Impact on Businesses and Consumers Introduction Goods and Services Tax (GST) is one of India’s most significant tax reforms, introduced to create a uniform taxation system across the country. However, its impact varies across different industries and products. One such product that has seen varied tax rates under GST is… Read More »
Introduction Gold has always held a special place in Indian culture, serving as both an investment and a symbol of wealth and prosperity. With India’s affinity for gold, the taxation on gold-related transactions, particularly under the Goods and Services Tax (GST) regime, has been a topic of interest for both investors and traders. One such… Read More »
Introduction Goods and Services Tax (GST) has significantly impacted various industries in India, including the catering business. Whether for weddings, corporate events, or small gatherings, catering services play a vital role in providing food and beverages to customers. However, the taxation of catering services under GST is often misunderstood. In this article, we will explore… Read More »
10 Business Ideas for Women in India : Women in India are increasingly taking charge as entrepreneurs, creating thriving businesses across industries. Whether you’re a homemaker looking for a side hustle or an aspiring businesswoman seeking a scalable venture, there are numerous business opportunities tailored to women’s strengths and interests. Here are ten profitable business… Read More »
10 Business Ideas from Home in India : The rise of the digital economy and changing consumer behaviors have made home-based businesses a lucrative and practical option for many Indians. Whether you’re a stay-at-home parent, a student, or someone looking for an additional income source, there are numerous business opportunities that require minimal investment and can… Read More »
10 Business Ideas with Low Investment : Starting a business does not always require a large investment. Many profitable businesses can be launched with minimal capital, leveraging skills, technology, and smart strategies. With the rise of digital platforms and changing consumer demands, aspiring entrepreneurs can explore several low-investment opportunities. In this article, we will discuss… Read More »
Corporate tax is a crucial aspect of any country’s taxation system, directly impacting businesses and economic policies. In India, corporate tax is levied on the income or profits of companies, forming a significant portion of government revenue. However, many individuals often wonder whether corporate tax is a direct or indirect tax. Understanding this classification is… Read More »
Corporate tax is a direct tax levied on the profits of companies in India. It is one of the key revenue sources for the government and is applicable to domestic companies and foreign companies operating in India. Domestic companies, which are incorporated in India and operate within its jurisdiction, are subject to corporate tax under… Read More »
OPC Tax Benefits : A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, allowing a single entrepreneur to establish a private limited company with limited liability. This structure is particularly beneficial for small business owners, freelancers, and startups who wish to enjoy the advantages of a corporate entity… Read More »