Overview The National Small Industries Corporation (NSIC) is a Government of India enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been set up to promote and support MSMEs by providing integrated support services encompassing Marketing,…
Overview Startup registration is a critical step for new businesses aiming to operate within the legal frameworks of their respective countries This process not only legitimizes a business but also opens a myriad of opportunities for entrepreneurs, including access to…
Overview Micro, Small, and Medium Enterprises (MSMEs) form the backbone of most economies, particularly in developing countries These enterprises are crucial for economic growth, innovation, and employment. MSME registration, often referred to as Udyam Registration in India, is a certification…
Overview Presumptive taxation is a simplified tax framework designed to ease the compliance burden for small taxpayers. This system allows eligible businesses and professionals to declare income at a prescribed rate on their gross receipts and forego detailed bookkeeping. FinBizz…
Introduction to Section 44AD of the Income Tax Act Section 44AD of the Indian Income Tax Act offers a simplified taxation regime, known as presumptive taxation, specifically designed for small businesses. This scheme allows eligible businesses to assume income at…
Overview Navigating the complexities of international business transactions requires a thorough understanding of tax regulations, such as Section 92E of the Indian Income Tax Act. FinBizz provides expert guidance on complying with this section, which mandates the furnishing of reports…
Overview Navigating the Indian income tax system requires a solid understanding of its fundamental principles. With FinBizz, you can ensure compliance with the law while optimizing your financial strategies. This guide provides detailed insights into different types of income, available…
Overview Non-Governmental Organizations, or NGOs, play a pivotal role in society by addressing and supporting a wide range of humanitarian, cultural, environmental, and societal issues. Operating independently from the government, NGOs are nonprofit entities that channel their efforts into various…
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…
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…
