There is no magic rule that says corporate form of business will save you more tax in comparison to proprietorship. Tax can be saved through proper tax planning.In this article, we will discuss how a sole proprietorship business is taxed in India and applicability of tax audit, TDS provisions and presumptive taxation scheme to a proprietor.Proprietorship means the … [Read more...] about How a sole proprietorship business is taxed in India
Is Life insurance policy payout taxable in India
Typically, Life insurance payouts are received by the beneficiary when the insurer has died and the nominee has filed a death claim by submitting death certificate along with the application. In this case, entire amount received by the beneficiary is not taxable.Any amount received by the insurer at the time of maturity of the life insurance policy is also tax exempted. … [Read more...] about Is Life insurance policy payout taxable in India
Understanding Tax Deduction at Source (TDS) in India: A Comprehensive Guide
Understanding taxes in India can be tricky, especially if you’re new to the topic. One important way the government collects taxes is through Tax Deducted at Source (TDS). This system helps ensure that taxes are paid regularly, making the process smoother for both individuals and businesses.In this simple guide, we’ll break down everything you need to know about TDS, how it … [Read more...] about Understanding Tax Deduction at Source (TDS) in India: A Comprehensive Guide
A Simple Guide to Company Name Registration in India: Everything You Need to Know
Starting a business in India is an exciting journey, but one of the very first steps is selecting a suitable name for your company. This process is more than just being creative; it’s about ensuring that your name is legally compliant, unique, and reflective of your business.This comprehensive guide will take you through the company name registration process in India with … [Read more...] about A Simple Guide to Company Name Registration in India: Everything You Need to Know
5 things you need to know to register a company
By choosing to register a company, you are already one step closer to start your business. Like many business owners, you may find it very difficult to register a company in India. However, the process of registration will become easier if you have the know-how.While it's always a good idea to start big, we suggest you to go through following 5 important things before you … [Read more...] about 5 things you need to know to register a company