In the business world, different legal structures offer unique advantages and limitations for entrepreneurs and professionals. One such structure is the Limited Liability Partnership (LLP). If you're considering LLP registration, understanding what it is and how it works can provide valuable insights. WHAT IS A LIMITED LIABILITY PARTNERSHIP? LLP stands…
If you intend to commence a business in Mumbai or any other part of India, it is recommended to get registered as a private limited company. Private limited company registration is a popular choice among entrepreneurs due to its various benefits, such as little liability protection, ease of raising funds,…
The financial industry is vast, and different CA firms in Mumbai specialize in different areas of finance. Some firms offer accounting services, while others specialize in tax and financial planning. Therefore, choosing a CA firm that offers the services you need is crucial. Additionally, the team of professionals working at…
An income tax is a small percentage of your income paid to the government. If you paid an extra amount of money as the tax, you could claim the money by filling out returns. In simple words, we are liable to pay tax to the government as a law…
A professional tax registration certificate, also known as PTRC is the type of tax levied on all working professionals, whether in the profession, trade, or employment. PTRC is one of the types of professional tax certificates that are generally levied based on the income of an employee to an employer,…
PTEC full form Professional enrollment certificate is an essential requirement to maintain smooth functioning of the business complying with legalities of respective states. PTEC applicability is a tax levied on companies as entities and their authority's remuneration. Acquiring a Professional tax enrollment certificate allows paying professional tax of a business…
Introduction Innovative new ideas can help your organization grow only when they are strategically incorporated into your daily business activities for beneficial reasons. The impact caused due to innovative ideas can only be realized by your business if your organization is founded on and run by a solid triggered management…
Limited Liability Partnership is a form of partnership in a business enterprise where all the members have limited liabilities. No single partner is solely responsible for losses or misconduct of other partners. It has become the preferred form of organization among entrepreneurs because it incorporates the benefits of both a…
More often than not, you may have found yourself ask questions or hear people ask you questions like “Am I liable to pay tax if..?” or “if I do it this way, will the liability be lesser?” But before determining NRI Income Tax, it is fundamental to ascertain the…