What is a foreign subsidiary company? Any corporation where a company formed in another foreign country owns 50% or more of its equity shares is said to have a foreign subsidiary. In this situation, the named foreign corporation is also referred to as the holding company or parent company. A corporation must be formed in […]
INCOME TAX SLAB FOR FY 2022-23
What is income tax slab? Individual taxpayers will be required to pay income tax according to the applicable slab structure. A person may be assigned to a different tax bracket depending on their income. Consequently, people with greater incomes will be required to pay more tax. The introduction of the slab system aimed to keep […]
How to Pay Your Advance Tax: A Step-by-Step Guide
Those with sources of income besides their salaries are obligated to pay advance tax. Advance tax can be paid by those who make money via renting out their property, selling their shares, making fixed deposits, winning the lottery, etc. The “Pay as you Earn” plan, often known as advance tax, can be paid through specific […]
Didn’t get your Income Tax Refund despite filing the ITR on time? here’s why
Around 45 days have elapsed since the filing deadline for income tax returns, and the income tax administration has already started disbursing qualified taxpayers’ refunds. The income tax (I-T) department reports that as of September 8, 2022, refunds of Rs. 1.19 lakh crore had been given out, which is 65.29 per cent higher than had […]
Karnataka Govt Launches Global Startup Challenge 2022
The Karnataka government unveiled VentuRISE, a programme designed to assist growth-stage entrepreneurs in manufacturing and sustainability-related industries. The Global Investors Meet – Invest Karnataka 2022, which will take place in Bangalore from November 2nd to 4th at the Bangalore Palace, will include VentuRISE as a participant. Business owners from all over the world will have a […]
Starting a One-Person Company? Here’s What You Need To Know:
As per the Companies Act ‘One Person Company means a company that has only one person in it. Another significant point to be taken under consideration is that an individual can form not more than 5 One-Person Companies (OPC). When the entrepreneur starts their business at a small scale to keep it simple and easy […]
What You Need To Know Before Setting Up A Company:
As we know, no two businesses can be exactly the same, there are certain common steps entrepreneurs and new business owners must take before opening the doors of a new company. Starting a business can be a persuading thought, particularly for first-time business people or utilized people who are burnt out on the 8 am-5 […]
7 legal advice you didn’t know you need for business
We every day hear so many stories of new business coming up, so many of them turn into unicorns, all of this gives us the temptation to start our own business, to create something which we’re interested in as well as yield us some income too but are we aware of the fact that starting […]
When Is ITR Filing Mandatory?
The due date of filing personal ITR is July 31, 2022, and maybe you aren’t concerned as you think you’re not eligible to pay tax. Well, if you’re living in this dilemma then read below: Filing of Income Tax return is mandatory in the following cases: 1) If an individual has assets outside India: An […]
Company Shares: A Simple (But Complete) Guide
The procedure of issuing shares of both private limited companies and public limited companies is different. A public limited company can issue shares to the general public whereas a private limited company can issue to persons and entities comprising of friends, relatives, business partners, etc. As per the Companies Act, 2013, private limited companies are […]
