Company Registration, Tax Consultancy, Trademark, Compliances in India.
Author: Nikita Bhatia
Nikita Bhatia is the co-founder of VenturEasy, an online platform for Company registration, book-keeping, accounting, tax consultancy and legal compliances in India. A Chartered Accountant and company secretary by profession, she has wide experience in the fields of audit, accountancy, taxation and corporate governance.
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Phantom stock is a very interesting concept and is emerging strongly as a powerful tool of Employee Benefits, especially for Startups. It can be described as a type of employee benefit plan whereby employees or advisors of an Organization get various benefits of stock ownership without actually having real ownership of Stock, in exchange for their services. Continue reading “Phantom Stock – A smart way of Employee Benefits”
A successful business requires investment of time, effort and MONEY for its long term growth and prosperity. Infusion of funds is an essential pre-requirement, especially for Startups if they want to scale up and make their brand popular and visible.
Although Limited Liability Partnership is one of the most popular forms of starting a business, there are various compliances which are required to be followed annually once the business is incorporated.
The Annual Compliances of LLP primarily include:
Filing of Annual Return of the LLP in Form 8 – Due date 30th October of the succeeding FY
Filing of Financial Statements of the LLP in Form 11 – Due date 30th May of the succeeding FY
The digital economy in India is growing at a rapid pace by each passing year. Till recently, most of the Non Resident companies, which form an integral part of providing digital services did not have to pay any tax in India. Neither were they subjected to any withholding taxes, since the performance for the services were not executed in India. Moreover, as they do not have a Permanent Establishment in India, their revenue cannot be attributed to the operations in India. Hence, no tax applies on the same. Continue reading “Equalization Levy”