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Showing posts from December, 2019

Income Tax Returns

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An income tax return is a form where taxpayers have to declare their taxable incomes from all sources, eligible deductions, and tax payments if any. This is called ITR Filing Procedure. If you have paid more taxes than “payable”, you are entitled to Income tax refund. If the reverse is the case, you should pay remaining amount before filing your Income tax return. Cases, where more taxes have been paid beforehand, are TDS or Advance Tax paid by you. In such a scenario, you should show correct incomes and taxes in your Tax Returns. Income tax return forms range from ITR 1 to ITR 7, used for different types of income and different types of entities. Depending on the type of forms, there are various disclosure requirements. Filing ITR in India is completely online and paperless. There is no need for you to submit physical return at the local income tax offices. All documents, wherever necessary need to be submitted online. Income tax return is to be filed for a parti

sole proprietorship registration

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A sole proprietorship firm is such a type of business entity that is owned, controlled and managed by a single person. The owner of the Business is called Sole Proprietor of the Firm. As the business is run by a natural person, there is no legal difference between the promoter and the business. The promoter himself receives all the profits. It is very easy to start as there are less legal formalities and lesser formation costs involved. The government of India has not prescribed any registration mechanism for registering a proprietorship firm Thus, the registration of a proprietorship can only be recognized through tax registrations that the business is required to have as per the rules and regulations. These tax registrations may include GST Registration and/or SSI/MSME Registration that should be obtained in the name of the Proprietor to establish that the Proprietor is operating a business as a sole proprietorship. EbizFiling.com is an eminent business pl

how to register a company, how to open a company in india

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How to Register a Company in India After having a concrete idea for starting a company the most common question that arise is “How to Register a Company in India .”Company registration in India is now a very transparent and easy process, as it is completely online. While registering a company in India it is important to choose your business structure carefully as each business structure has different levels of compliances to be met with. For example, Private Limited Company , Limited Liability Partnership , One Person Company . The most preferred structure of registering a company is Private Limited Company. How to register Private Limited company in India? Follow the simple steps to register your Private Limited Company:- Step 1: Obtain DSC (Digital Signature Certificate) Step 2: Apply for DIN (Director Identification Number) Step 3: Reserve your unique Name Step 4: Form SPICe (INC-32) Step 5: e-MoA (INC-33) and e-AoA (INC-34) Step 6:

one person company registration

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OPC or One person company is one of the easiest forms of corporate entities to manage. OPC is a hybrid of Sole-Proprietorship and Corporate form of business. It has been provided with concessions in compliance requirements under the Companies Act. It is a form of a company where the compliance requirements are lesser than a private company. OPC Registration opens up new business opportunities for sole proprietors and entrepreneurs who also wish to enjoy the advantages of limited liability, and a separate legal entity as well. OPC does away the hassles of finding the right partner for starting a business as the registered entity. It requires only one person who will act as a member, shareholder, and director. EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. OPC Registration is online, easy, seamless, cheapest and quick

pvt ltd company, private limited company

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Private Limited Company is that type of company that offers Limited Liability or legal Protection to its shareholder. Private Limited Company in India lies somewhere in between a partnership firm and a widely owned public company. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company. The liability of the members of a Private Limited Company is limited to the number of shares held by them. A private Limited company in India can start its business after getting the certificate of incorporation. It can be incorporated within 15 working days. EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Incorporating a Private Limited Company is easy, cheapest and quickest with EbizFiling.com! Apart from a Private Limited Company, EbizFiling.com also helps ent