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One Person Company OPC

What is OPC? One Person Company Definition, Features, Formation, and Registration

One Person Company (OPC) was introduced to encourage entrepreneurs who are capable of starting a venture on their own but are deterred by the requirement of having at least two members, as mandated for a private limited company. OPC, as the name suggests, allows a single individual to establish and ...
Goods and Services Tax India

What Is GST in India? – Goods and Service Tax

Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. Introduced on July 1, 2017, GST replaced a complex system of multiple indirect taxes such as central excise duty, service tax, value-added tax (VAT), and various others. This revolutionary tax ...
/ Goods and Services Tax, GST, GST

Benefits of filing Income Tax Return (ITR) on Time

Income Tax Return Filing income tax return in India is not just a legal obligation but also a beneficial exercise for individuals and entities. Filing income tax returns is beneficial in many cases and not filing it can cause you great trouble on some occasions. So, without delay, login to the portal of ...
/ blog, Income Tax Return, ITR Filing
TDS and TCS Tax

Understanding the Difference between TDS and TCS

Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are both mechanisms implemented by the government to ensure smooth collection of taxes. While they might seem similar, they serve different purposes and are applicable under different circumstances. Let's delve into the specifics of each and highlight their differences ...
/ blog, TCS, TDS, TDS and TCS
Hindu Undivided Family Registration

Partnership Firm Registration Process, Fees, Format & Eligibility

A partnership firm is a form of business where two or more individuals come together to carry out a business for profit.  This kind of business form is governed by the Indian Partnership Act of 1932. Key characteristics include a mutual agreement, joint ownership, profit-sharing, and unlimited liability of the ...

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