As per the law, income earned by you is taxable in the next year. In this case the year does not start from January and ends in December. It's a 12 month period which starts at the beginning of April and ends on 31st March.The year in which income earned is referred to as previous year and the next year in which such income is taxable is known as assessment year.Most of … [Read more...] about What is the previous year and assessment year in Income tax?
Documents Required for Company Registration in India: A Complete Beginner-Friendly Guide
Starting a business in India is an exciting step, especially for first-time entrepreneurs who want to turn an idea into a legal entity. However, before your company can officially start operations, it must go through the company registration process in India, which is governed by the Ministry of Corporate Affairs (MCA).One of the most important parts of this process is … [Read more...] about Documents Required for Company Registration in India: A Complete Beginner-Friendly Guide
What is incorporation and Why to incorporate your business
A corporation or company is a separate Legal entity which can be formed for variety of reasons such as profit making business, charitable and club or societies. The process by which a new or existing business is registered as a separate legal entity with the government is known as incorporation.Separate legal entity means, the company is separate and distinct from its … [Read more...] about What is incorporation and Why to incorporate your business
Why and how to get digital signature certificate or DSC
Digital signature certificate or DSC is the electronic version of a signature that can be used to identify the signer of the form.You have three different type of digital signature certificate i.e. class 1,2 and 3. In this article we will be talking about class 2 digital signature certificate.Class 2 DSC is required for filing income tax return, company registration, … [Read more...] about Why and how to get digital signature certificate or DSC
A Beginner’s Guide to the Employees Provident Fund (EPF): Everything You Need to Know
If you work in India, you've likely heard of the Employees Provident Fund (EPF), but you might not fully understand what it is or how it works. Whether you're an employee or employer, understanding the EPF is important because it’s a key part of India's social security system.In this guide, we’ll break it down in simple terms, so you can understand how it works, why it … [Read more...] about A Beginner’s Guide to the Employees Provident Fund (EPF): Everything You Need to Know