10 Major Mistakes to Avoid When Setting Up a Company in India
Starting a company is an exciting journey full of optimism for success, especially in a thriving market like India. With its numerous options, India has emerged as a leading location for entrepreneurs seeking to expand and grow their enterprises. However, setting up a company in India has obstacles, and navigating the complex legal and operational framework can […]
Navigating International Taxation: Best Practices for Global Compliance
Navigating the International Taxation landscape can be difficult for businesses that operate across borders. Firms need to stay updated on tax obligations, tax treaties, and compliance standards so that they can avoid mistakes and comply with regulations. International taxation involves many aspects, such as foreign tax requirements, transfer pricing, and the effects of double taxation agreements. As businesses grow internationally, recognizing […]
TDS Limits for Professional Services Under Section 194J
The Income Tax Act imposes TDS on professional and technical services under Section 194J. Companies (except individuals and Hindu undivided families) are required to deduct tax when making payments for certain specific services to residents. The objective of Tax Deducted at Source (TDS) is to ensure that tax is collected at the time of payment, thereby providing stable revenue to the […]
Update on GST effective from October 2024
Notification Summary Effective date 05/2024-Central Tax (Rate) dated 8th October 2024 • Changes in GST rates have been notified by CBIC in respect of cancer drugs, snacks and car and motorcycle seats 10 October 2024 No. 08/2024-Central Tax (Rate) dated 8th October 2024 and Integrated Tax (Rate) dated 8th October 2024 Exemptions provided to various […]
Unlocking the Mystery: Is TDS Applicable to Your Service Expenses?
Tax Deducted at Source (TDS) is a critical aspect of India’s taxation system that ensures a steady flow of revenue to the government. However applying TDS is often confusing, especially for businesses trying to understand whether it applies to their service expenses. In this comprehensive guide, we’ll unlock the mystery behind TDS and help you determine […]
Unlock Your Business Potential: The Ultimate Guide to Company Registration
Starting a business in India is an exciting endeavor, and company registration is essential to success. Whether you are a first-time entrepreneur or an experienced business owner, establishing your company gives you legal recognition, security, and legitimacy. This allows you to protect your assets, raise funds, and earn the trust of investors and consumers. The detailed guidelines […]
How to Verify Your Company Registration
Verifying company registration is extremely important to maintain legal compliance and establish trust between customers and business partners. Registering a business provides legality, liability protection, and access to financial support. Whether you are a business owner or a potential partner, checking the company registration status can help you make better decisions. In this blog post, we can guide you through […]
GST Registrations in India
With the growing landscape of the Goods and Service tax act, 2017 over the period of more than 7 years, the GST registration has always been the topic in talks among the professionals. The council from time to time has recommended the possible measures to simplify the registration process and simplify the requirements for obtaining […]
Benefits of Registering a Company in India
Registering a company in India’s fast-paced business environment goes beyond just meeting legal regulations. It is one of the most fundamental strategic decisions that give your company legitimacy, legal standing, and growth prospects. In this blog, we’ll go over the benefits and types of company registration in basic terms, so you can understand why this is an important […]
A Comprehensive Guide to Company Registration for NRIs and Foreign Nationals in India
The Indian government has created possibilities for Non-Resident Indians (NRIs) and foreign nationals to invest in India, to increase Foreign Direct Investment (FDI), a critical driver of economic growth. The International Exchange Management Act (FEMA), 1999 regulations, FDI policies, and Reserve Bank of India (RBI) recommendations have made conducting business in India easier, allowing international investors and NRIs to create companies and […]