Praveen Choudhary

All to Know About Partnership and LLP A partnership is a business arrangement in which two or more people agree to split a company’s gains and losses. The Indian Partnership Act of 1932 is the legislation in India that governs partnerships. A limited liability partnership (LLP) is a type of hybrid business entity that combines […]

Five Frequent Errors You Should Avoid While Preparing Your Income Tax Return Most individual taxpayers prepare their income tax returns (ITR). You must submit your income tax return for the fiscal year 2022-2023 (AY 2023-24) on July 31, 2023. Rushing through the process out of procrastination can harm your ITR because income tax is a […]

Most successful ELSS Tax Saving Mutual Funds from the Beginning of May 2023 Tax saving funds, commonly called equity-linked saving schemes ELSS allow investors to participate in the stock market while gaining a tax credit. Rs 1.5 lakh invested in an ELSS fund may be detected under Section 80 C of the Income Tax Act. […]

Are you eligible for Start-up Registration ? Check your availability for Startup Registration a) Company Age – Period of existence and operations should not be exceeding 10 years from the Date of Incorporation b) Company Type -Company must be incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership c) […]

PF Registrations If you are an employer with five or more employees, it is mandatory to register for Provident Fund (PF). PF is a social security scheme provided by the government of India to ensure financial security for employees during their retirement. In this blog, we will discuss the steps involved in PF registrations and […]

Startup India Scheme 1. A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application. To get DPIIT-recognized, please visit https://www.startupindia.gov.in/content/sih/en/startupgov/startup-recognition-page.html 2. The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling. 3. The startup […]

Decoding Section 148 of the Income Tax Act, 1961 When we talk about Income Tax Assessment, Section 148 of the Income Tax Act 1961 is one of the section which comes to our mind that deals with the issuance of a notice by the Assessing Officer (AO) to the taxpayers whose income is deemed to […]