Private Limited Company Compliance in India for FY 2024–2025 Running a Private Limited Company (Pvt Ltd) in India offers numerous advantages—credibility, limited liability, access to funding, and ease of expansion. However, these benefits come with a responsibility to follow statutory compliances under the Companies Act, 2013, the Income Tax Act, 1961, and other applicable laws.…
For small businesses and professionals in India, managing detailed books of accounts and audits can often become a burden. To reduce compliance costs and encourage ease of doing business, the Income Tax Act offers the Presumptive Taxation Scheme (PTS) under Sections 44AD, 44ADA, and 44AE. Eligible taxpayers can file their income tax returns using ITR-4…
Private Limited Companies (Pvt. Ltd.)—whether domestic or foreign entities operating in India—are governed by strict compliance rules under the Income Tax Act, 1961. Every company must file an Income Tax Return (ITR) irrespective of profit, loss, or even if no business is conducted during the year. For the Financial Year 2024–25 (Assessment Year 2025–26), the…
Limited Liability Partnerships (LLPs) have become a popular business structure in India, especially for professionals, service providers, and small businesses seeking the flexibility of a partnership combined with the legal protection of limited liability. LLPs enjoy easier compliance compared to companies, but they are still required to file annual returns and income tax returns every…
MCA Launches CPC for Centralised and Time-bound Processing of Corporate Filings Starting from February 16, 2024 On the lines of continuous endeavor to provide Ease of Doing Business in pursuance to Union Budget Announcement 2023-24, Central Processing Centre (CPC) has been established to process forms filed as part of various regulatory requirements under the Companies…
RBI MPC Meeting 2024 Live Updates: RBI Governor Shaktikanta Das announced MPC’s 5-1 decision to keep interest rates steady at 6.5 per cent. Das said that inflation is moving closer to the RBI’s target but is yet to reach the 4 per cent mark. In the post announcement press conference, Governor Das answered questions on…
Starting a business in Srisailam RFC Township, located in the Kurnool district of Andhra Pradesh, can be an exciting endeavor, but it comes with essential legal obligations, one of which is company registration. Company registration is the process of legally establishing your business as a separate entity under the provisions of the Companies Act, 2013,
Starting a business in Vasai-Virar, Maharashtra, can be a rewarding endeavor, but it involves several important steps, one of which is company registration. Company registration is the process of legally establishing your business as a separate entity under the provisions of the Companies Act, 2013, or earlier Acts if applicable. It offers numerous benefits and is essential for conducting business operations in a formal and legitimate manner. In this comprehensive guide, we will walk you through the process of company registration in Vasai-Virar, highlighting the key steps and requirements.
Starting a business in Shamsabad, Farrukhabad, Uttar Pradesh, is a promising venture, but it comes with certain legal obligations, one of which is company registration. Company registration is a vital step to establish your business as a legal entity, and it provides various benefits and protections. In this comprehensive guide, we will take you through the process of company registration in Shamsabad, Farrukhabad, focusing on the key steps and essential information you need to know.
