Components of Freelancer Agreement for startups in India
Freelancing is a common phenomenon these days. More & more people are choosing to work as a freelancer rather than sticking to traditional 9 to 5 routine jobs due to the innumerable benefits offered through freelancing. Interestingly, one of the most attractive benefits is the ability to control your place of work, work hours, your...
How to receive FDI in LLP in India
Overview The concept of LLP was introduced under the Limited Liability Partnership Act 2008 and is one of the most preferred forms of business entities in India due to their minimal compliances, simple procedures, and flexible procedures as compared to other business entities like partnership firms and companies. The LLP business structure allows smaller and...
Composition Scheme under GST – limit, rate, return form and due date
Overview In recent years, there has been a tremendous increase in the number of small and medium business enterprises in India. As per the data provided on Nov 26, 2021, by the Ministry of Micro, Small & Medium enterprises, there are as many as 6.3 crores of MSMEs registered in India. They have utmost importance...
Annual Compliances of an NBFC – checklist, forms, penalties
We all have heard names of popular NBFCs like Muthoot Finance, Bajaj Finance, Tata Capital Financial Services Ltd., etc. But, what is an NBFC? Are they the same as a Bank? As the name suggests, a Non-banking Financial Company (NBFC) is a financial institution that undertakes a financial activity as its principal activity in the...
All you need to know about Relinquishment Deed!
A will is a legal document that allows the testator to plan his succession by distribution and manner of distributing his wealth among his beneficiaries after his demise. Therefore, making a will is a responsibility owed by the testator for himself and his family. Having a well-prepared will in advance serves many purposes such as...
Extension of Due Dates of Filing of Income Tax Returns
The dates for filing Income Tax returns are extended from Jul 31, 2021 to September 30, 2021 for individual assesses, where Audit is not required. The Central Board of Direct Taxes under Ministry of finance of Government of India has released circular no: 9 of 2021 on 20th May 2021 regarding the extension in timeline...
