Form 15CA/CB Filing are compliance documents required under the Indian Income Tax Act when making payments to a non-resident or a foreign company. They help the Indian government track foreign remittances and ensure that taxes are properly deducted at source (TDS) before sending money abroad. Form 15CA – Declaration by the Remitter This is a… Continue reading Form 15CA/CB Filing Made Easy – Taxcellent Helps You Stay Compliant
A partnership firm can be incorporated in India by drafting a partnership deed, entering into a partnership agreement, and, if desired, partnership firm registration Delhi with the Registrar of Firms. Steps for Incorporation Drafting Partnership Deed: The partners must create a partnership deed on judicial stamp paper, specifying details such as the firm’s name, nature… Continue reading Taxcellent’s Guide: Incorporate Your Partnership Firm in Just 15 Days
“Don’t just work for money — make money work for you. Understanding your Net Worth is the first step toward real financial freedom.” In a world driven by wealth, status, and social media highlights, one number quietly tells the real story of your financial health — your Net Worth. Whether you’re a college student just… Continue reading How to Calculate Your Net Worth: Simple Formula & Practical Tips
Income Tax Return (ITR) filing is a crucial financial responsibility for individuals and businesses in India. It is the process through which taxpayers declare their income, deductions, and tax payments to the Income Tax Department of India. Income Tax Return Filing in Delhi not only ensures compliance with the law but also helps build a… Continue reading Documents Required for ITR Filing in India – Checklist 2025
Income tax is a crucial part of a nation’s revenue system, and the Income Tax Department monitors tax compliance diligently. A taxpayers may receive an Income Tax Notice due to discrepancies or issues found in their returns or financial transactions. Receiving a notice doesn’t always mean trouble, it may simply be a routine verification. However,… Continue reading Why Did You Get an Income Tax Notice? Causes & Expert Solutions
Company incorporation in India refers to the legal process of forming a corporation, giving it recognition under the Companies Act, 2013, and allows it to operate as a distinct legal entity with its rights and obligations. Key Stages of Company Incorporation Company formation includes four main stages: Promotion Incorporation Capital Subscription Commencement of Business. The… Continue reading Everything You Need to Know About Company Incorporation in India
The applicability of Tax Audit in India is governed by Section 44AB of the Income Tax Act, 1961. It lays down the threshold limits and conditions under which an audit of accounts is mandatory for businesses and professionals. Applicability of Tax Audit What is Tax Audit? A tax audit is an examination and review of… Continue reading Applicability of Tax Audit in India: Complete Guide for Businesses & Professionals
The concept of Tax Audit was introduced under the Income Tax Act, 1961 through Section 44AB, to ensure proper maintenance of books of accounts and the accuracy of the income reported to the Income Tax Department. A tax audit helps prevent tax evasion and ensures that the business complies with various provisions of the law.… Continue reading Applicability of Tax Audit Under Income Tax Act, 1961 – FY 2024–25
As the global business landscape evolves, entrepreneurs and professionals are increasingly looking for flexible, legally secure, and cost-effective business structures. Among the available options, the Limited Liability Partnership (LLP) stands out as a hybrid model, combining the benefits of a traditional partnership with the legal protection of a corporate structure. This article explores every aspect… Continue reading The Ultimate LLP Guide: Registration, Compliance & Why Taxcellent Can Help
In an age where entrepreneurship is flourishing and the global economy is more interconnected than ever, forming a legal business entity is one of the most critical steps toward establishing a sustainable venture. Whether you’re a solo entrepreneur, a partnership looking to expand, or a startup aiming to attract investors, incorporating your business provides the… Continue reading Company Incorporation: A Complete Guide to Legally Establishing Your Business
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