Basic Legal Compliances for a small business

Informed decision is the best decision. When a businessman is starting a new venture, the very basic questions include what should be the format of business? whether it should be a partnership or a PVT LTD company or just a propritary concern. What will be the complainces, costs, pros and cons. To have an insight about what these business models comes with, lets have a comparative analysis.

How Does TDS Work - Beginers Guide to TDS.

This article is for understanding the basic concepts of Tax Deducted at Source (TDS). Here we will try to explain it in non-technical language. Though a most common terminology, the mechanism should be understood for better dealing with and handling the TDS issue.

Form 15G/H : Change in game rules

Tax Deduction of Source is not useful if there is no taxable income. In such case, a person can file form 15G (or 15H in case of senior citizen) and request for lower deduction or zero deduction of Tax. Till October 2015 this process was manual. Now after October 2015 the process of filing Form 15G & 15H is made online. Lets have a look at it.

TDS Mechanism and Claiming TDS Refund

We all know that TDS is deducted if the payment made is made towards salaries, professional fees, interest, rent, brokerage, commissions etc. This article explains what happens after the TDS deduction is made. How the Tax is received by Government, how the tax credit is given and so on.