Overview Navigating the complexities of business structures can be challenging. A Private Limited Company (PLC) offers significant benefits in terms of credibility, scalability, and limited liability, making it a preferred choice for many entrepreneurs. Finbizz provides extensive support in business…
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Overview In the diverse spectrum of business structures, a Limited Liability Partnership (LLP) offers a unique combination of flexibility and security. This comprehensive guide, brought to you by Finbizz, delves into the concept of LLP, its benefits, registration requirements, essential…
Filing income tax returns is a necessary obligation for all individuals, including non-residents who have earned income in a particular country. If you are a non-resident individual and need to file your income tax returns, this guide will provide you…
Who is a Non-Resident Indian as per the Income Tax Act 1961? According to the Income Tax Act 1961, a non-resident Indian (NRI) refers to a person who is of Indian origin or holds an Indian passport but has not…
How to Register a Private Limited Company Registering a private company is an essential step towards establishing a legally recognized business entity. It provides numerous benefits, such as limited liability protection for the owners and the ability to conduct business…
Section 80C Section 80C of the Income Tax Act of India allows a maximum deduction of up to Rs 1.5 lakh every year. This deduction is available only for individual taxpayers & HUF. Corporates, Firms are not qualified to avail…
A Limited Liability Partnership (LLP) is a type of business structure that combines the benefits of a partnership and a corporation. It offers limited liability protection to its partners, similar to a corporation, while also allowing the flexibility and tax…
In India, Tax on Individuals is based on a slab system, where different tax rates are assigned to different income ranges. So if a person's income increases, the tax rates also increase. Slab rates also vary based on the age…