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Recently Answered Questions

Is it possible to register many business under one LLP?
Yes, you can run as many businesses in a single LLP as you wish to. An LLP is a preferable entity to run businesses since it provides ease of running a business over other entities. For this purpose, you need to amend your LLP Agreement. An LLP Agreement regulates the conduct of your business and should be drafted in such a manner that it does not ...

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When do I need to file GST if I start a new e-commerce business?
It is mandatory for E-commerce businesses to get themselves registered under GST irrespective of Turnover. You are not only required to Register yourself under GST but are also responsible for collecting 1% tax at the source itself from any merchant before releasing payments to him. Remember not doing it attracts penalty to you and loss to merchant...

View answer
What is the complete and exact list of documents required to import a pharmaceutical product from foreign countries into India?
In India, import, manufacturing, sale, and distribution of the drug is regulated under Drugs and Cosmetics Act 1940 and Drugs and Cosmetic Rules 1945. Further license varies upon the type of Drug. Mainly Drug and New Drugs As classified under the act. If drug to be imported, comes under the category of drug as per Section 3B of the act you need to reg...

View answer
What needs to be done if we already paid the advance tax and still I receive an outstanding tax demand notice?
The final call is taken by Tax assessing officer, if there is an error in self-assessment or if he is convinced that tax has been found due. That is when you will receive an outstanding tax demand notice. Remember, you need to file a reply online as well as also offline to A.O. It is always a smart idea to take an advice from a qualified CA in this m...

View answer
Is it possible to register many business under one LLP?
Yes, you can run as many businesses in a single LLP as you wish to. An LLP is a preferable entity to run businesses since it provides ease of running a business over other entities. For this purpose, you need to amend your LLP Agreement. An LLP Agreement regulates the conduct of your business and should be drafted in such a manner that it does not ...

View answer
When do I need to file GST if I start a new e-commerce business?
It is mandatory for E-commerce businesses to get themselves registered under GST irrespective of Turnover. You are not only required to Register yourself under GST but are also responsible for collecting 1% tax at the source itself from any merchant before releasing payments to him. Remember not doing it attracts penalty to you and loss to merchant...

View answer
What needs to be done if we already paid the advance tax and still I receive an outstanding tax demand notice?
The final call is taken by Tax assessing officer, if there is an error in self-assessment or if he is convinced that tax has been found due. That is when you will receive an outstanding tax demand notice. Remember, you need to file a reply online as well as also offline to A.O. It is always a smart idea to take an advice from a qualified CA in this m...

View answer
What is the complete and exact list of documents required to import a pharmaceutical product from foreign countries into India?
In India, import, manufacturing, sale, and distribution of the drug is regulated under Drugs and Cosmetics Act 1940 and Drugs and Cosmetic Rules 1945. Further license varies upon the type of Drug. Mainly Drug and New Drugs As classified under the act. If drug to be imported, comes under the category of drug as per Section 3B of the act you need to reg...

View answer

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