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Showing posts from October, 2021

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