FAQ's

Trademark is an important Intellectual property right. It identifies or distinguishes you from the others. Trademark can be a name, logo, sound, smell basically anything which identifies the source of goods or services. Trademark may be defined as any mark which is used in relation to goods for the purpose of indicating

No. registration of trademark is not mandatory in India.

A brand name or logo that identifies the provider of a service. A service mark may consist of a word, phrase, symbol, design or some combination of these elements. A form of intellectual property protection, the mark prevents competing businesses from using names and insignias that could potentially confuse consumers.

Return Form Particulars Interval Due Date GSTR-1 Details of outward supplies of taxable goods and/or services affected from July 2018 to March 2019 ( Taxpayers whose turnover is more than Rs. 1.5 Crores in previous year) Monthly* 11th of the next month** GSTR-2 Details of inward supplies of taxable goods and/or services effected claiming input tax credit. Monthly* 15th of the next month GSTR-3 Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. Monthly* 20th of the next month GSTR-9 Annual Return Annually 31st December of next financial year GSTR-3B Return for the months of up to March 2019 Monthly 20th of the next month ** Details of outward supplies of taxable goods and/or services affected till June 2018 will be 10th of the next month. ** Taxpayers whose turnover was less than Rs. 1.5 Crores in the previous financial year has the option to file a quarterly GSTR-1 by end of the next month affected July 2018 to March 2019.

Every LLP shall be required to have at least two Designated Partners who shall be individuals and at least one of the Designated Partner shall be a resident of India. In case of a LLP in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.

The dictionary meaning of the term "audit" is check, review, inspection, etc. There are various types of audits prescribed under different laws like company law requires a company audit, cost accounting law requires a cost audit, etc.

A partnership does not pay any income taxes. Instead, partnership income "passes through" the business to the partner. Each person then reports his or her share of business profits or losses on an individual federal tax return.

A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that include: Purchases Sales Output GST (On sales) Input tax credit (GST paid on purchases)

LLP is defined as a partnership formed and registered under the Limited Liability Partnership Act is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners.

Yes. PAN is mandatory for obtaining GST registration. In case of Proprietorship, the PAN of the Proprietor can be used. In case of LLP or Company or Trust or other types of legal entity, PAN must first be obtained for the entity making the GST registration application.

This depends on how your previous employer calculates their tax deductions. On another note, tax refunds shouldn’t be your only concern. You might also get a tax deficit. See, the concept of income tax is vague to a lot of Filipinos. Simplifying this, there is just one table to refer to. The problem is that it is on an annual basis.

Yes, you can. But you won’t be able to get any. According to the BIR, all records, such as 2316 files of individual employees, upon receipt by the respective Regional District Offices (RDOs), go directly to their warehouse.

You are required to apply and obtain GST registration within 30 days of being required by law to obtain GST registration. You can check the criteria for GST Registration here.

Any person intending to become a director in a company must apply for director identification number, issued by the Ministry of Corporate Affairs. Proof of identity and address is required to be submitted along with requisite fee while submitting the application for DIN. If the documents are in order, the DIN is approved within 3-4 days. The approved DIN is valid for life and the same DIN can be used by the director, even if he/she has directorship in more than one company.

A partnership does not pay any income taxes. Instead, partnership income "passes through" the business to the partner. Each person then reports his or her share of business profits or losses on an individual federal tax return.

One of the objectives of tax audit is to ascertain/derive/report the requirements of Form Nos. 3CA/3CB and 3CD. Apart from reporting requirements of Form Nos. 3CA/3CB and 3CD, a proper audit for tax purposes would ensure that the books of account and other records are properly maintained, that they faithfully reflect the income of the taxpayer and claims for deduction are correctly made by him. Such audit would also help in checking fraudulent practices. It can also facilitate the administration of tax laws by a proper presentation

Yes. PAN is mandatory for obtaining GST registration. In case of Proprietorship, the PAN of the Proprietor can be used. In case of LLP or Company or Trust or other types of legal entity, PAN must first be obtained for the entity making the GST registration application.

The LLP shall be a body corporate and a legal entity separate from its partners. Any two or more persons, associated for carrying on a lawful business with a view to profit, may by subscribing their names to an incorporation document and filing the same with the Registrar, form a Limited Liability Partnership.