For decades, taxation has been the key source of revenue for governments all across the world, including India. The country has a well-structured tax system that employs both liberal and progressive taxation depending on income and other criteria, with the national and state governments determining the rates. Tax income is the money received by the government and can be used for a variety...
Whether you own a large or small business in India, you must file income tax every year to remain tax compliant. The company’s legitimacy is enhanced by the filing of taxes. Filing taxes is a once-per-year activity. If you have no past experience, it may appear to be a daunting task, and the entire process must be handled with caution. Even a tiny misstep might lead to a plethora of issues...
The startup industry has gained prominence in many parts of the world in the past few years. With the explosion of technology and young people wanting to start their own businesses, we definitely need more startups, and the number continues to rise in India. The importance of startups in India resides in their potential to address a wide range of concerns, from employment to innovation, growth to...
When setting up an LLP company it is imperative that one follows the proper procedure of registering the business and obtaining various unique identification numbers by which the business is registered. These numbers such as the CIN and DIN are necessary and customers should know these numbers. It is mandatory for companies to display these numbers on their invoices, bills, letterheads etc., as...
For a startup to grow and thrive in a country it needs government support. The Indian government has launched a number of initiatives for startups that are aimed at ensuring long-term economic growth and fostering innovation, consequently increasing job prospects in the country. The government has set up the ‘Department of Industrial Policy and Promotion’ (DIPP) for formulating policies and...
One of the pillars of the government’s Make in India endeavors is the Startup India initiative. This gave rise to a slew of start-ups, which are said to be multiplying at a rate of 10 to 12% every year. This new surge neatly matches the government’s goal of creating a digital economy based on India stack-based inventions like UPI and BHIM. With so many new firms sprouting up every...
When it comes to both Small and Medium Enterprises (SMEs) in developing countries like India there is no doubt that they contribute to improving the standard of living by creating employment opportunities. Despite the fact that numerous studies were conducted on business incubators, the answer to the importance of entrepreneurial skills in the role of business incubators is still not clear...
Today, non-disclosure agreements exist in almost every industry. Companies utilize NDAs for a variety of reasons, ranging from safeguarding sensitive information to settling potentially furious former employees. NDAs are, at their essence, a technique for limiting the amount of information that leaves an organization. Through this article let us try to understand why we need a non-disclosure...
The subject of taxation in India is such that the very mention of the word is sufficient to bring up a really mixed bag of opinions. The other notable thing being, how wildly these opinions will oscillate between the well informed and the ill-informed. But yes, you just cannot escape the fact that everyone will have their own opinion on this somewhat complicated and often misunderstood subject...
Startups have been quite the thing over the last decade or so. Almost every day, someone, somewhere is attempting to start a business. Becoming an entrepreneur is no easy feat. There is the difficult question of what business to open that entrepreneurs must ponder on as this is critical to the success of their business. Easy business ideas are available online however entrepreneurs must research...
