Understanding Active vs. Passive Mutual Funds and the Role of Index Funds Investing in mutual funds is a popular way to build wealth over time, and understanding the difference between active and passive mutual funds, including index funds, is crucial for making informed investment decisions. Let’s dive into the nuances of each approach and explore […]
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What is LLP ? LLP is called Limited Liability Partnership which is introduced in the year of 2008 under the Limited Liability Partnership Act 2008. LLP is similar to the general Partnership Firm Registration but due to its legal structure there is no limited liability in the general partnership so govt of India introduce Limited Liability Partnership
What is GST Registration Under Goods And Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person. It is called GST registration. For certain businesses, registration under GST is mandatory. If the organization carries on business
Did you know that deceased people can also be taxed? As ironic as it sounds, the income tax returns for a deceased person has to be filed, if he/she has taxable income. His legal heir/representative needs to file the return on his behalf for the income earned till the date of death. The legal heir
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