Tax Deducted at Source (TDS) is a mechanism under Direct tax regime to check tax evasion by collecting tax at the source point. It relieves the tax payer from the burden of paying a huge lump sum amount of tax at the end of the year. It also ensures continuous inflow of tax collections to the government funds throughout the year.

A person liable to deduct tax is termed as the “Deductor” and the person from whose account tax is being deducted is termed as the “Deductee”.

File your TDS return on time and avoid paying late fees and interest. Tax Deducted at Source is a mechanism under Direct tax regime to check tax evasion by collecting tax at the source point.

Every individual whose income exceeds the basic exemption limit has to compulsorily file Income Tax Return. Every company on the other hand has to file its Income Tax Return irrespective of its Total Income. Those individuals whose total income includes any income generated from foreign assets or who are beneficial owners of a foreign asset or has any interest in an entity located outside India also has to file their return of income irrespective of their basic exemption limit.

File your Income Tax hassle free with EazyBahi Solutuions.

What is OPC? An One Person Company is a type of company established by a single individual, who acts as both the shareholder and the director. Eazybahi Solutions guide you.

One Person Company (OPC) was introduced to encourage entrepreneurs who are capable of starting a venture on their own but are deterred by the requirement of having at least two members, as mandated for a private limited company. OPC, as the name suggests, allows a single individual to establish and run a company, thereby providing a distinct legal identity and limited liability protection. Governed by the Companies Act, 2013, OPCs offer a simplified framework for solo entrepreneurs to operate within the corporate structure.

Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. Introduced on July 1, 2017, GST replaced a complex system of multiple indirect taxes such as central excise duty, service tax, value-added tax (VAT), and various others. This revolutionary tax reform aimed to simplify the tax structure, eliminate cascading effects, promote ease of doing business, and foster economic growth. In this explanation, we will delve into the important aspects of GST in Indian English.

Goods and Services Tax, GST represents a landmark tax reform in India, aimed at creating a unified market, promoting economic growth, and simplifying the tax structure. While it has brought about significant changes in the business landscape, effective implementation and continued refinement are essential to realize its full potential and address challenges effectively.

Filing income tax returns is beneficial in many cases and not filing it can cause you great trouble on some occasions. So, without delay, login to the portal of the Income Tax Department and fill it up. Keep in mind that during the filing of online ITR, necessary documents such as PAN card, Aadhaar card, proof of bank account, proof of investment and Form 16 and Form 26AS will have to be kept.

Filing income tax returns in India is not merely a bureaucratic formality but a proactive step towards financial prudence, compliance, and contribution to the nation’s development.

File your ITR easily and effortlessly with the expert assistance from Eazybahi Solutions.

https://eazybahi.com/gst-registration/

All About Online GST Registration Process in India at EazyBahi

Goods and Service Tax (GST) came into effect from 1st July 2017. It is a kind of indirect tax levied on the supply of goods and/ or services across the country. To know who are liable to get registration under GST, there are different categories.

Get your Online GST Registration certificate for new business with our experts within a week. Apply for GST Number Online in India without visiting the Govt. office.

Importance of GST Registration:

BENEFIT of ITC -Input Tax credit of taxes paid can be taken only if an individual/entity is registered.

CREDIBILITY- There is a natural trustworthiness towards a registered business of individual/entity. It also helps in reaching out to suppliers and customers with confidence and built good trade relations.

LEGAL STRENGTH- If for some reasons, any business or individuals taken a legal action against the registered business, there is a legal strength to fight back or defend the case.

AVOID HURDLES – The way GST regime works is through a chain system. In this chain, everyone wants to be a GST compliant. If a person liable to get registered is not registered, the authorities can track your activities and create a hurdle in business operations.

A partnership firm is a form of business where two or more individuals come together to carry out a business for profit. This kind of business form is governed by the Indian Partnership Act of 1932. Key characteristics include a mutual agreement, joint ownership, profit-sharing, and unlimited liability of the partners.

This type of partnership firm involves the distribution of profits and liabilities among its members, making it a typical choice for small businesses and entrepreneurs.

How to Register a Partnership Firm Online

Step 1: Fill out an application for a Register Partnership Firm.

Step 2: Selecting the Partnership Firm’s Name

Step 3: Registration Certificate

One Person company (OPC) Company Registration in India

One Person company(OPC) is a kind of private limited company which is incorporated by a single person i.e the minimum requirement of having at least 2 members for forming a private limited company is waived off in this case. An OPC enjoys its own share of freedom when it comes to the list of tax and law compliance to be done. It does not require to hold at least 4 board meetings in a year rather just 1 meeting in each half of the calendar year with gap between both meeting to be a minimum of 90 days.

One Person company (OPC) Company Registration in India along with name approval, PAN, TAN, GST, PF and ESI registration, MOA, AOA at EazyBahi Solution. Call: 8839799210.

In India, filing income tax returns is a crucial duty for independent contractors and consultants. People can make sure that tax laws are followed and benefit from transparent financial records by being aware of the qualifying requirements, filing correctly, and keeping correct records. For self-employed professionals in India, staying up to date on the newest tax legislation amendments and seeking advice from a financial expert can further expedite the filing process.

Private Limited Company Registration in India Online at Low Cost

A private limited is a company which is run by a small group of peaople. The shares of a private limited company cannot be traded publically. The shareholders are the owners of the company and the key managerial decisions are taken by the board of directors. It is a body corporate having separate legal entity. It has perpetual succession which means that the company continues to exist even after the death of all its members.

The minimum number of members required to start a private company is 2 and the maximum is 200. The liability of ach member is limited to the extent of shares held by them. The minimum number of directors is also 2.

Get your Private Limited Company Registration in India online with EazyBahi. Consult with our experts to know the pvt ltd company registration cost, process and advantages.

A HUF is exclusive to Hindus. For this reason, people who identify as Jain, Buddhist, or Sikh are also considered Hindu for this purpose, and as a result, they are eligible to form their own HUF. Therefore, people who are not included in the wider definition of a Hindu, such as Christians, Jews, Muslims, and Zoroastrians, are not eligible to hold a Hindu certificate.

Under the Income Tax Act, a separate Income Tax Return is submitted for HUF. Thus, if you wish to get your HUF registration done in India, get in touch with EazyBahi.

https://eazybahi.com/limited-liability-partnership/

A Limited Liability Partnership (LLP) is a body corporate which is a distinct legal entity separate from that of its partners. It has perpetual succession and a common seal. It enjoys the benefits of a partnership firm while having the status of a body corporate.

Get Your Limited Liability Partnership registered along with name approval, PAN, TAN and GST registration and enjoys the benefits of a partnership firm at EazyBahi.

A Partnership firm is an association of two or more persons formed in order to carry on a business in the capacity of co-owners. The co-owners are referred to as partners of the business and share the profits and losses in the proportion of their respective ownership, or as agreed between them.

Get experts to register your Partnership Firm along with GST registration and related services at EazyBahi Solution in India and enjoy the benefits of a legal partnership.

Outsourcing Accounting Services in India

At EazyBahi Solutions, We provide outsourcing accounting services to all kinds of businesses that can assist your company in accomplishing all of these goals.

Outsourcing financial services has shown to be beneficial for numerous companies. Outsourcing accounting services is becoming popular among startups, SMEs, and large enterprises; yet, several myths and fears prevent them from taking this route. A single individual can only sometimes complete the complex and time-consuming accounting task, which requires concentration and focus to run an effective business.

Hindu Undivided Family Business Registration

Planning to form an HUF Firm? Apply for Hindu Undivided Family Registration at EazyBahi Solution. Hindu Undivided Family is governed and regulated by Hindu Law.

Under Hindu Law, an HUF is a family which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters. An HUF cannot be created under a contract, it is created automatically in a Hindu Family. Buddhists, Jains and Sikhs can also form HUFs.

Read more... https://eazybahi.com/hindu-undivided-family/

Bookkeeping is the key to understanding your business profitability. Creating, maintaining, and managing correct financial records is a critical component of running a successful business.

Bookkeeping helps your company to generate financial statements, which can help business owners and shareholders plan for the future.

EazyBahi solutions specializing in outsource bookkeeping services in India. We offer comprehensive and professional bookkeeping solutions to all businesses.

Bookkeeping Services in India | Outsource online bookkeeping

Bookkeeping is the key to understanding your business profitability.Creating, maintaining, and managing correct financial records is a critical component of running a successful business.

Bookkeeping helps your company to generate financial statements, which can help business owners and shareholders plan for the future.

EazyBahi solutions specializing in outsource bookkeeping services in India. We offer comprehensive and professional bookkeeping solutions to all businesses.