Posts

Partnership Firm Registration Process in India

Image
Meaning of Partnership Firm Basically partnership firm is sort of business structure in which minimum two person is required to start the business. Those persons are collectively called partners of the firm.This business is regulated by the law named as Indian Partnership Act 1932. This law came into existence when people faced a lot of drawbacks of sole proprietorship business. For doing the business one needs to various resource that a single individual cannot arrange so the concept of partnership came and gradually this became the favourite among the business person who need funds, capital, expansion and skills which is limited in case of sole proprietorship. In partnership firm one can grow its business by involving other person and using their reserves and expertise. In partnership business, partners join hands together to share the profits as well as losses mutually and to multiply their occupation. Whereas in proprietorship, all losses is to be bear by the proprietor...
5 comments
Read more

How to Start an Ecommerce Business

Image
How to Start an Ecommerce Business Meaning of E-Commerce Business E-commerce means doing the business through the medium of internet. Through this business buyers and sellers can buy and sell goods or services online.E-commerce business requires computers. Although many people have started doing business in their smartphones also which is known as M-commerce. E-commerce has many advantages as it creates a wider presence to target the customers. The biggest examples have been set up by E-commerce biggies such as Amazon, Flipkart, etc. which offers variety of goods on its portal which can be accessed from computer, smartphones, tablets etc. People can buy anything sitting at home just by one click. As far as services are concerned example of Neusource can be taken as we are providing services in which everything can be done online, there is no need to visit the office, and at home services can be availed and live tracking is also there via mobile application. As you ...
1 comment
Read more

Income Tax in India: Guide, IT Returns, E-filing Process

Image
Income Tax in India: Guide, IT Returns, E-filing Process Income Taxin India and Income Tax Returns Income Tax is a percentage of income that is required to pay to the government by one assessee. It’s a sort of direct tax where the person earns the income, is eligible to pay tax directly to the government. On the other side, income tax return refers to a declaration of an income of a particular financial year filed by the assesse to the income tax department. One thing must be check that to mention the correct Pan details while filing the return.   Generally there are various taxes allow in Indian laws but few are mention here , Ø Direct taxes that includes the Income tax, Corporate tax, Ø Indirect taxes refers to GST, Excise etc. and, Ø Other taxes are also applied like Swachh Bharat Cess, Krishi Kalyan Cess, Property tax, Road and Toll tax, etc. Timelines of return filing Ø Any company other than a company who is required to furnish a report in Fo...
3 comments
Read more