The Blog

All You Need To Know About Advance Tax Payment

What is an Advance Tax? In a financial year, if the Income Tax Liability of any taxpayer is more than Rs. 10, 000, then he is liable to pay such tax in installments during the year itself rather than paying this tax at the end of the year. This tax which is payable during the

Continue Reading

5 Things That Will Happen If You Do Not File Income Tax Return (ITR) By August 31

You must file Income Tax Return (ITR) if you are in the taxable bracket. The taxpayers have been reminded by the Income-Tax department to file income tax returns by 31st August 2018 for the assessment year 2018-19. The five consequences in case of a delayed filing of income tax return by assesses are: Penalty: A three-tier fee

Continue Reading

Startup India – Creating Entrepreneurs

What is Startup India? “A startup is not just about mobiles and laptops. It does not only mean a company with billions of dollars and 2,000 employees. If it is able to provide employment to even five people, it would help in taking the country forward,” – said PM Shri Modi. It is a mission

Continue Reading

7 Reasons To Incorporate A Limited Liability Partnership (LLP)

LLP Formation-Easy and Online As compared to a private company, the number of compliances are lesser in case of Limited Liability Partnership (LLP). It is very easy to form a LLP, as the process is very simple as compared to Companies and does not involve much formality. There is less paperwork as incorporating it can be

Continue Reading

7 reasons to Incorporate a Private Limited Company

A private limited company is a type of privately held small business entity that limits owner’s liability to their shares in major. In forming a new Limited Company, you are creating something new that is yours to grow and develop. Listed here are advantages of Private Company. 1. Team Building Easy to attract quality workforce

Continue Reading

What are the tax rates and due dates for Service Tax Payment?

1. Service Tax Payment For the quarter/month ending March, the due date for service tax payment shall be March 31. Where tax is paid in modes other than electronically, the due date for payment of service tax shall be 5th of the following quarter/month respectively. Interest on delayed payment W.e.f October 1, 2014, rate of

Continue Reading