Income Tax Act 1961 Section 195 of the Income Tax Act, 1961 is a crucial provision for the taxation of non-residents in India. It focuses on the tax implications of payments made to non-residents, ensuring that taxes are deduct at source (TDS) on specific types of income earn by non-residents from an Indian… Read More »
User Intent Users searching for “Is MoA and AoA required for OPC?” are primarily looking for detailed insights into the legal requirements of an One Person Company (OPC) in relation to the Memorandum of Association (MoA) and Articles of Association (AoA). They may be business owners, legal professionals, or aspiring entrepreneurs who… Read More »
Introduction The Income Tax Act, 1961, governs taxation laws in India and includes various provisions for computing capital gains tax. Two crucial sections related to long-term capital gains (LTCG) are Section 112 and Section 112A. While both sections pertain to taxation on LTCG, they have different applicability, benefits, and limitations. Understanding their distinctions helps taxpayers… Read More »
Verifying GST Registration of a Company Verifying GST registration of a company, Statutory audit and tax audit are two distinct types of audits conducted for different purposes. Statutory audit: A statutory audit is perform to ensure that a company’s financial statements provide an accurate and fair view of its financial position and performance. It is… Read More »
Establishing an LLP in India Introduction A Limited Liability Partnership (LLP) is a popular business structure in India, combining the benefits of a partnership with limited liability protection. Governed by the Limited Liability Partnership Act, 2008, LLPs provide flexibility, tax benefits, and ease of operation. This article provides a step-by-step guide to establishing and… Read More »
Opening a private limited company at home Starting a business is a significant step, and many entrepreneurs explore various options for setting up their companies. One common question that arises is whether a private limited company can be registered at a residential address. What is a Private Limited Company? A private limited company is a… Read More »
Is It Important to Register a Name If You Are a Sole Proprietor? Introduction Starting a business as a sole proprietor is one of the simplest and most cost-effective ways to become self-employed. Unlike corporations or partnerships, a sole proprietorship is easy to set up and requires minimal formalities. However, one critical decision that many… Read More »
Introduction How do I register a company as a sole proprietorship:-A sole proprietorship is the simplest and most common form of business structure owned and operated by a single individual. It is easy to set up and requires minimal formalities, making it an ideal choice for small business owners and entrepreneurs. This article provides a… Read More »