TDS vs TCS Introduction The tax imposed upon the income of a Person is called Income Tax. Income Tax, a two worded term comes from the word Income and Tax. The government collects a revenue from the public to run … Continued
What is TDS? TDS is a subset of Income Tax. It stands for Tax Deducted at Source. Therefore, it is the tax imposed on the income of a person. The deduction of tax takes place at the source of income. … Continued
What is Income Tax? Income Tax, a two worded term comes from the word Income and Tax. The government collects a revenue from the public to run the country called tax. On the other hand, income is the earning done … Continued
What is an LLP? LLP is an acronym for Limited Liability Partnership. It is a hybrid of two businesses. First, a Partnership firm. Secondly, a Private Limited Company. While, a partnership firm has unlimited liability. An LLP covers the drawbacks … Continued
A Guide to start a Private Limited Company. A Private limited Company is easier to start. It requires only 2 shareholders. Taxation on these companies is less. For instance, a manufacturing firm pays 15% as tax. Only if its is … Continued
What is a Private Limited Company. A Private Limited Company is in itself a non-governmental entity. A business privately owned by shareholders is called a Private Limited Company. Most of the startups focused upon scaling up opt for a Private … Continued
What is an OPC. OPC stands for One Person Company. Thus, as the name suggest OPC is a single owner company. And, it is private limited. Therefore, one can call an OPC as a single owner private limited company. All … Continued