As per the ruling of the Government of India, businesses with a turnover of Rs 40 Lakhs p.a should be registered as the normal taxable entities and shall file their Goods and Services Tax (GST) accordingly. However, sometimes the limit of Rs 40 lakhs could vary from state to state. The threshold limit could be …
A trademark search can be made on a government database or through third-party service providers. This search in the government’s database determines whether or not the selected trademark is already in use in connection with specific goods and services. Trademark: As per Section 2 (b) of The Trademarks Act 1999, “trademark refers to a mark …
The startup merely start with little resource and low investment, but the new entrepreneurs expand their business to such extent or point where it becomes difficult to manage certain different tasks, during the progress of the business journey the business person or the entrepreneurs has to move further with the legal side of the business …
Taxes are the legally required sum of money that the government demands be paid for any services, goods, administrations, activities, or exchanges. Taxes are the main sources of revenue for the government, which it uses to ensure the well being of the nation’s populace as a whole through policies, programs, and practises. The right to …
Many business owners today operate service-based enterprises like online marketplaces for e-commerce, apps, classified websites, and more, but they are unaware of the requirement to register for the applicable service tax. Service Tax: According to the Finance Act of 1994, service tax is an indirect tax assessed on a variety of services that the Central …
Compliances are the legal requirement required for any startup. Entrepreneurs aim to build strong ventures and focus on its potential customer base, its USP and market situation. Entrepreneurs shall hire or outsource resources who have good knowledge of the laws of land and business. Eligibility: Pvt. Ltd. or LLP or Partnership Firm: To be eligible …
The process of company registration depends on the type of the company, which could be a Private Limited Company, One Person Company, Limited Company, or Section 8 Company. Under the Companies Act of 2013, various types of company registration can be chosen based on the activity and requirement of the promoters. Registration Under Companies Act, …
Under section 2(h) of the Indian Contract Act of 1872, a “Contract” is defined as “An arrangement enforceable by law.” In other terms, it is a contract that binds two or more parties and establishes legal duties between them. Either an oral or a written contract may be used. However, because they are simpler to …
A piece of property that consists of real land, buildings, or occasionally both are referred to as real estate. An agreement for the acquisition and sale, exchange, or other conveyance of real estate is known as a real estate contract. The selling of land is subject to the local laws and traditions of the region …
Policies are one of the most important documents for any business or any organisations. All details of the company’s opinions, procedures, legalities and business models are defined in the policies. Generally privacy policy is one of the most important documents for any website and it is a legal document, Visitors have the right to know …
