A tax return is a statement of earnings, deductions, and other pertinent financial data. Similar to personal tax returns, business tax returns must be filed annually and include supplementary TDS filings for firms. A statement of the earnings and expenses is included in this return. It contains data on fixed assets, loans taken out and […]
India saw a slew of changes in its corporate regime with the amendment in Companies Act. The introduction of the Startup India initiative by the Government of India is a major milestone. The benefits of startup India program are many and has been crucial in the growth of entrepreneurship culture in India. It is an opportunity for […]
Many Entrepreneurs starting a new business are curious and confused about thedifference between a Private Limited Company (Pvt Ltd) vs Limited Liability Partnership (LLP). Both entities offer many similar features required to run a small to large sized business, while they also differ in certain aspects. In this article, We will compare Private Limited Company […]
In general, a Private Limited Company is regarded as a privately-held business entity. Such entities are managed by private stakeholders. The liability arrangement in a Pvt. Ltd. company is not as stringent as LLP or sole proprietorship business model wherein business assets are at risk in case of a fiscal crisis. Indeed, stakeholders in a […]