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GST REGISTRATION PROCESS

Since 1st July, only GST (Goods and Service Tax) is being charged. Taxpayers who are registered under state VAT or central board of excise and customs switched to the GST platform for filling the tax and sharing the information with the Taxation authorities Once an entity is registered under the GST, [...]

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Copyright

Copyright is a type of intellectual property that helps the owner to protect his work from getting copied. Copyright represents the ownership and possession of the owner. Copyright protects the ownership right of the holder and has a legal right to take any action. One can protect his creative [...]

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STARTUP INDIA

What does one mean by “Startup India”? Startup India is one in all the foremost initiatives by the Government of India. This program was first announced by Prime Minister Shri Narendra Modi during his Independence speech in 2015. The action plan of this initiative is focusing on three areas: Simplification [...]

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Interstate And Intrastate GST

Earlier there used to have multiple taxes such as VAT, Excise duty, Service tax, etc.            But after implementing GST the government has eradicated the complex taxation system with a simple one tax.  GST is an indirect tax that is levied on goods and services. AND Depending upon [...]

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Trademark Law in India, Registration and Passing off - SettleMyTax

TRADEMARK

Trademark is unique signs competent of being described geographically that are used to identify goods and services from one person to another. It is classified under intellectual property. Trademark protects intellectual property rights. Intellectual property rights permit people to maintain ownership rights for their products and services. The trademark includes a [...]

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TCS on Sale of Goods vs. TDS on Purchase of Goods - SettleMyTax

TCS on Sale of Goods VS TDS on Purchase of Goods

TCS on Sale Of Goods TDS on Purchase of Goods 1. This provision is governed by Section 206C(1H). 1. This provision is governed by Section 194Q of the Income Tax Act, 1964. 2. It is applicable from 1st October 2020. 2. It is applicable from 1st July 2021. 3. It is applied to sellers of [...]

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Income from sale of shares is Business income - SettleMyTax

Guidance on treating Share trading as a Business Income

Income from share trading can be treated as income from Capital Gains as well as Income from Business/ Profession. There has always been an ambiguity about this topic. Share trading can be done as a full-time business as well as an investment option. In recent times there has been [...]

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LLP Annual Return Filing - MCA & Tax Due Dates - Settlemytax

LLP Vs Partnership Firm

Most of the people who look to incorporate an LLP are always confused between registering an LLP or registering a Partnership Firm. Though both these business structures have many similarities, there are some striking distinct features of each of them.   Registration: LLP is registered under the “Limited Liability Partnership [...]

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LLP Annual Return Filing - MCA & Tax Due Dates - Settlemytax

Limited Liability Partnerships

Limited liability partnership, popularly known as LLP is an attractive form of business that gives the benefit of limited liability of a company structure and flexibility of a partnership firm. The LLP may be a separate legal entity, is susceptible to the complete extent of its assets but the [...]

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ROC Compliances - India

More Than 17300 New Companies Registered In March 2021.

India has witnessed a surge since the “Atmanirbhar Bharat” vision of the Government of India. There have been various reforms in the corporate structure to empower the business entities facilitating “Ease Of Doing Business.” The department for the promotion of industry and internal trade (DPIIT) has been pioneering the ease of [...]

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