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How Income Tax Filling Online Must be Done

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  Which Person or Authority is Liable For Income Tax? The  companies and firms  are necessarily needed to file an income tax return (ITR). Whatever person, HUF, AOP, BOI must file ITR if the income exceeds the basic exemption limit of Rs 2.5 lakh. This limit is different for senior citizens (Rs 3 lakhs) and upper senior citizens (Rs 5 lakh). Online Legal India can help your income tax return online. What is The Procedure to Get Income Tax Returns? PAN card needed and after filled ITR1 and ITR 4 online. You can get the ITR form number. Income tax return filing is now effortless. When does Income Tax Refund an Income? The income tax refund amount varies from the extra tax you paid and is thus not decided as an income. Hence, it  is not taxable . Anyway, the interest received over the income tax refund is considered an income and subject to income tax as per the applicable tax slab. How to file ITR online for a salaried person need to know.

What is the Registration Process and Starting a Sole Proprietorship in India?

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  What is the Registration Process and Starting a Sole Proprietorship in India? Sole Proprietorship Registration is an ideal choice for a personal businessman, sole trader, or someone who does not want to get into the long process of forming a company. In addition, setting up a new company required a beginning investment in for of fees which is not the case with a sole proprietorship. Sole Proprietorship Registration is very easy. The first step begins with just opening a current account to make sure safe payments are in the proprietorship’s name. Therefore, creating a current account is think about to be the groundwork for beginning this type of business. Sole Proprietorship in India One of the most ordinary structures of business in India. As per GOI, Sole Proprietorship is a single-person establishment where the individual manages and controls their business on their own. Accordingly, it is an affordable price as there are no fees to pay during the initiation of the process. After,

How We Can Set Up Private Limited Company Registration?

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  What Is The Procedure To Set Up Private Limited Company Registration in India? You need to apply for DSC which must be approved by MCA. You need to do the Director's identification number. You must apply as your name is shown by anyone for Private Limited Company Registration in India. You need to submit MoA and AoA to register a private limited company. You should apply for the PAN and TAN of the company. How Much We Should Pay For Private Limited Company Set Up? The Cost of Incorporation or Registration of Pvt Ltd Company is started from  INR 6,000- to INR 30,000 for the basic plan. It is   depending upon the Number of Directors, Number of members, having official permission for share capital, and Professional fees. Professional fees may depend upon the difficulty of the task. Private Limited Registration fees are very minimum. How Turnover Has Been Calculated For Private Limited Company? Any company having the  amount of money for that shares of the Company were issued to t

What is The Process of GST Registration?

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  What is The New Rule of GST Registration? Aadhaar Authentication is necessary . You can easily do   GST  registration from Online Legal India. Any person applying for a new GST registration require to get Aadhaar authentication done, with both biometrics and a photograph. If Aadhaar authentication is not finished at the time of registration, KYC data with a photograph and biometric information is also necessary to be delivered. How Much Time Limit of GST Registration? The time for applying for GST registration is  within 30 days  of becoming responsible to acquire GST registration. Will TDS be Deducted Including GST? For the reason of deduction of TDS, the value of supply is to be taken as the amount except the tax pointed out on the invoice. This means TDS shall not be substracted on the CGST, SGST or IGST part of invoice. So it you should be understood taht TDS has not been deducted as GST. If you have not enough time for GST online then you need to know the procedure. Will GST R

How Can We Do Import Export Code Registration?

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  Why We Need Import Export Code? An Importer- Exporter Code (IEC) is  a permanent business identification number necessary when you have done export goods from India or Import to India . IEC code registration is now hassle-free. The organization must have a PAN, bank account in the name of the entity, and a valid address before applying. The address may be physically checked by the DGFT on the action of formally making something know of the IEC. How Many Fees For Import and Export Code Registration? IEC code number registration fee is started  at Rs.   250.00   and maybe pay through EFT (Electronic Fund Transfer), and must submit the IEC Online Application form. You can start import export code . For a quick, the physical application suppresses needed documents should reach DGFT RLA concerned within 15 days of its online submission. What Are The Fees For Import Export Code License? It is initially started at 2499 INR except for the Government fee which is 500 INR. DGFT IEC charge

How Can We Register OPC Company?

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  Which Thing do We need to Know About OPC Registration? It is a form of a company where the action or fact needed is lesser than that of a private company. Register OPC is now very easy process. The Companies Act, 2013 delivered that any person can create a company with one single member and one director.  Is There is Any Possibility of the Director of OPC be changed? According to Rule 4(5) of the Companies (Incorporation) Rules, 2014 The subscriber  or member of the OPC company can change his or her shareholders at any time or for any logic   by providing a attention in writing to the OPC. Step 1 is for OPC subscribers to obtain acquire the agreement of the new nominee in Form No INC. What is The Turnover Limit of OPC? The limit of the paid-up capital and the income presently applied for OPCs (paid-up share capital for Rupees 50,00,000 and an average turnover while the particular period of 2 crore rupees then OPC can easily converted OPC to Private Limited Company. If you hav wanted

Which Law and Amendment We Should Follow Before OPC Registration?

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  What is the Law Amendment of One Person Company? According to section 2(62) of the Companies Act,2013, One person company means a company that has one person as a member. It gives a  single promoter entire control over the company when limiting his or her liability to donation to the business. You must need to know how to register OPC ? Is It Possible OPC Company Converted Private Limited Company? One Person Company can be changed into a Private Limited Company  both freely before meetin g any  of the above criteria or mandatorily after meeting and they must be remembered  should be minimum 2 shareholders and 2 directors . After, a board aspiration must be passed by the shareholders for accepting the another of the Memorandum of Association (MOA) and Articles of Association (AOA) of the OPC. OPC registration process is very easy and hassle-free . What are The Situations When OPC Converted Private Limited Company? You must need to know the things when OPC converted Private Limited