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IEC Registration

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  What is Income Tax? As a responsible citizen, it's important to understand the basics of income tax. In India, the Income Tax Act governs the taxation of income earned by individuals, companies, and other entities. In this blog post, we'll cover the basics of income tax, why it's important to know about it, how to calculate it, the benefits of filing income tax, the due date for filing it, and when to consult Team IN Filings for your income tax needs. Income tax is a tax levied on the income earned by an individual or entity. It is a direct tax that is collected by the government to fund various public services and infrastructure. The Income Tax Act prescribes the rates and rules for the calculation and collection of income tax in India. Why do you need to know about Income Tax? Knowing about income tax is crucial for several reasons. Firstly, it helps you understand your tax liability and plan your finances accordingly. Secondly, it enables you to avoid penalties...
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Private Limited Company

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  Private Company Registration In Bangalore, India   A private company in Bangalore can be formed by individuals, and corporates like OPC, LLP as a shareholder of the private Company in Bangalore.   A private company is a legal entity that allows people to form businesses to do business and earn a profit. They are also known as privately held companies (PLCs).   The main objective of forming a private company is to protect the business from legal liabilities.   Forming a Private Limited Company in Bangalore Once you have submitted the required basic documents of directors Pan, Aadhar, 1st-page recent bank statement, and office address proof of rent agreement and utility fill, you will receive a certificate of Registration within five days.   You will also be required to pay stamp duty to the Government, which varies from Rs. 5,000/- to 10,000/-based on the capital of the Company.   Private Company is a simple and popular choic...
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Partnership Firm

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  Partnership Firm   A partnership is a contract between the partners of the business. Under partnership business, All partners shall execute an agreement or partnership Deed among the partners on a stamp paper about the objective of the company, place of office, duties of partners, capital structure, profit/ loss sharing, continuity of the business in the event of death, do's and don'ts etc.   Under Partnership Act 1932, the partnership is not a separate body; it merely represents the relationship between the partners.   Partnership business is best for non-risk-oriented services, where the partner's responsibility is unlimited to the associated decision taken by the Firm.   Partnership Firm Registration procedure A partnership Firm is an agreement among the partners of the business, just similar to a contract. It has a minimum of two partners to manage the Firm.   Steps in Firm Registration ·      ...
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