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In income tax law provision also there is a statutory obligation cast upon business class (and sometimes non-business class also entering into certain high-value transactions) for collection and payment of income tax on behalf of others. This mechanism is called TDS/TCS.
The payment of income tax largely depends upon the residential status of a person earning it and its place of accrual. And as the TDS/TCS is nothing but an advance income tax payment, the liability to deduct and collect also largely depends upon the same two aspects as mentioned in the above lines.
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There are many advantages to Private Limited Company registration. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.
FinXpres as your leading legal consultant offers quick Pvt ltd Company Registration service across India at nominal pricing. Here you will find how you can register your company. We take care of all legal formalities and fulfill the compliances, as defined by the Ministry of Corporate Affairs.
A fundraising pitch showcases to the investor your exciting vision & mission, business model, product’s USP, significant traction achieved, monetization strategy, and a team that you have. It also speaks of post-funding goals and projections. An effective pitch makes it very clear to investors why they should not let pass this opportunity.