Common Mistakes to Avoid While Filing ITR
Filing your Income Tax Return (ITR) is an important financial duty for every taxpayer in India. Not only is it a legal obligation, but getting your ITR right can also unlock various benefits, like smoother loan approvals, easier visa applications, and the ability to carry forward losses. Unfortunately, many taxpayers make common mistakes during this…
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How to Register a Company with the Ministry of Corporate Affairs
Beginning your own business is a thrilling experience, but registering your business with the Ministry of Corporate Affairs (MCA) is a significant legal process that makes your business officially recognized and run under the legal provisions of India. The MCA is responsible for the regulation of company affairs in India under the Companies Act, 2013,…
Common Mistakes to Avoid During GST Return Filing
Filing Goods and Services Tax (GST) returns is a crucial compliance requirement for every registered business in India. It helps the government track tax liabilities and ensures businesses remain in good standing with tax authorities. However, due to the technical nature of GST returns and frequent updates to tax laws, many taxpayers—especially small businesses—end up…
How to check company registration in India
If you’re planning to start a business in India, one of the first things you need to do is to check if the company is already registered. This is to ensure that you’re not unknowingly infringing on an existing company’s name or trademark. In this article, we will guide you through the process of checking…
Importance of GST for startup Businesses
Every value addition is subject to the comprehensive, multi-stage, destination-based Goods and Services Tax (GST). Introduced in many countries around the globe, GST replaces multiple indirect taxes previously levied by the central and state governments. For any business, implementing GST can bring numerous benefits, streamline processes, and create a more transparent tax system. This article…