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MPVD Company Formation Guidelines: Why Do We Recommend A Private Limited Company?
Business owners begin with the fundamental belief that founding a Private limited company in India provides significant operational and tax benefits and the essential “limited liability”. It protects your personal assets from creditors in the case of a business...
Decoding All Tax Liabilities for NRIs Selling Property in India
There are so many non-resident Indians (NRIs) who have settled abroad and wish to sell a home, space, or land that they no longer need. It is a practical decision to liquidate the asset and minimise the liability associated with it. The sale of residential property...
Understanding Direct tax And Indirect Taxation In India
Direct taxes are simple to understand since they are incurred on individuals' earnings or profits. The government imposes an indirect tax on goods and services for businesses and professional service providers. In 2017, the Goods and Services Tax (GST) effectively...
What Is The Impact Of The 2000 Note Withdrawal In India
The Reserve Bank of India (RBI) announced on May 19, 2023, that the Rs 2000 denomination banknotes would be phased out of circulation as per the ‘clean note policy.’ If you possess cash denominations of Rs. 2000, you must deposit all the bankrolls in your bank account...
Bookkeeping & Accounting For Doctors And Self Employed Medical Professionals In India
In India, doctors and other medical professionals who are self-employed taxpayers, or "assessees," are those who derive their revenue from their practice and services rather than from a fixed income or salary from an employer. It makes sense that managing the...
How MSME Registration Works for Company Incorporation in 2023
In a developing country like India, when central and state government programmes, increased accountability, and practical resources of funding and tax benefits come together to foster the growth of Micro, Small, and Medium Enterprises (MSMEs), it is tethered to the...
NRI Taxation and Accounting Guidelines for FEMA
The Reserve Bank of India (RBI) is in charge of the Foreign Exchange Management Act of 1999, alias FEMA, which codifies and alters existing laws governing foreign exchange in India and regulates all forms of capital transactions involving both Indian residents and...
What is the Startup India Scheme All About
While conducting your preliminary market research and competitor analysis for establishing your own startup, you are most likely to come across other startups with credentials like "DPIIT-recognized". If you are wondering what it is and believe that you also...
How is GSTIN different from DSC, DIN, TIN TAN and PAN
According to MPVD & Associates, a leading CA firm in Kolkata that provides comprehensive ITR filing services to new entrepreneurs across India, new entrepreneurs focus the majority of their attention on finding vendors, sales, and marketing but fail to recognize...
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