Alert – High Value Transactions Flagged
The tax department has introduced the revised Form 26AS (Annual tax statement). Now, Form 26AS contains the details of all high-value transactions. It also helps the taxpayers in filing their return of income without missing any income. But one should be careful in analyzing the same as it can call for notice.
One Person Company Registration
The concept of one person company was introduced under the Companies Act, 2013. One person company is the hybrid of a private limited company and sole proprietorship. An individual who is willing to be the director and owner of the company can start his/her OPC.
44ADA Presumptive Taxation For Professionals
44ADA section is a life saver for professionals like doctors, advocates, management consultants etc, however if some of these provisions are not taken care of then it can call for a income tax notice.
Partnership vs LLP
One of the major advantages of choosing a limited liability partnership is its partner’s limited liability. Starting an LLP over the partnership firm gives protection to the partners from being personally held liable. On the other hand, in partnership, any liability can be paid off through the business and personal assets.
Trademark Registration- Everything You Need To Know
There are 45 classes of the trademark. You need to select the appropriate class for trademark registration, depending upon your product’s nature.
