Elangovan Nagarajan
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A Private Limited Company is one of the most popular types of business entities to conduct business in India. Private Limited Company offers limited liability for its members, easy to maintain and offers greater flexibility while expanding allowing for easier access to bank loans, private equity, segregation of ownership and administration. Private limited company can add a lot
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SMEs are playing a very important role in the Indian manufacturing sector and providing a platform to the businessperson which as a result helps in the economic growth of the company. Due to their significant contribution, SMEs occupy a very important position in the economic sector in terms of output and export. Nowadays SMEs are
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New ITR form released on 19th April 2022 for filing updated return of income for the assessment year commencing on 1st April 2020 and subsequent assessment years i.e. from the financial year 2019-2020 onwards From whom is this ITR-U useful? 1. Return of Income not previously filed2. Incorrect income reported3. Incorrect head of income chosen
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Earlier, an Individual, HUF or partnership was required to file ‘Return of Income’ only if their taxable income crosses the basic exemption limit i.e. rupees two lakh fifty thousand. Now, The CBDT has made a new announcement on 21st April 2022 to bring more people into the tax bracket. For whom is it applicable? Person
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Business enthusiasts when planning to start business approach consultants to register a company for their business. For an average person, a company means a medium through which they conduct or carryon business. However, in many cases, the clients fail to realise the business can be carried out in different forms depending on their needs and
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