Compliances for Private Limited Company, LLP and OPC – a clear comparison

Being a Chartered Accountant and interacting with several entrepreneurs, I found that the most common question bothering startup founders is which business entity to form and what are the compliances of these entities. Hence, there is a need to summarize this essential information in a comprehensive manner and layman terms. The three most preferred business …

5 reasons why Private Limited Company or LLP is preferred

The most common problem which startups or new ventures face while starting their business is whether to form a proprietorship or a Company. Sole Proprietorship, being the most traditional form of business is still one of the most common types of business entity in India. The easy formation procedure and minimum compliance requirements in a …

“Startup India – Stand up India” – A new campaign to boost startups by PM Narendra Modi

This Independence Day gives a reason to rejoice to the ever growing Indian Startup Ecosystem. Prime Minister Narendra Modi, addressing the nation on the 69th Independence Day, said, “We are looking at systems for enabling start-ups. We must be number one in start-ups… Start-up India; Stand up India.” Giving a further boost to the startup …

Electronic Verification to ease Return Filing for Taxpayers

With an attempt to make e-filing completely paperless, the Central Board of Direct Taxes (CBDT) has come out with the technology of e-verification of assesses by means of their Aadhaar number. This will relax the requirement of sending physical copies of the return acknowledgment for verification to the Centralised Processing Centre (CPC), Bengaluru and will …