CA ANKIT NEEMA

Proprietorship vs Partnership vs LLP vs Pvt. Ltd – Which is Right for You?

Choosing the right business structure is not just a legal formality but it defines your liability, tax benefits, compliance load, and growth potential.

Here’s a quick, columnwise comparison of the four most common business types in India:
a. Proprietorship
b. Partnership
c. LLP
d. Private Limited Company

Each has its own pros and cons depending on ownership, compliance needs, and scalability goals.
Tip: If you’re aiming for credibility and long-term growth, LLPs and Private Limited Companies provide the right balance of flexibility and protection.

📊 Check out this easy comparison chart below link to decide what suits your business best!

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#entrepreneurship #startups #businessstructure #llp #privatelimited #ca #finance #sme #indiabusiness | CA Ankit Neema Proprietorship vs Partnership vs LLP vs Pvt. Ltd – Which is Right for You? Choosing the right business structure is not just a legal formality but it defines your liability, tax benefits, compliance load, and growth potential. Here’s a quick, columnwise comparison of the four most common busines...

ITR FILING IS IMPORTANT THERR IS

Misconception of “No Tax = No ITR”

होली के इस पावन पर्व पर आपको और आपके परिवार को ढेर सारी शुभकामनाएँ! इस बहार में आपके जीवन में खुशियाँ, शांति और समृद्धि का संचार हो। प्रेम और एकता के साथ यह पर्व मनाएं और सभी के चेहरों पर मुस्कान लाएँ।

*सीए अंकित नीमा*

LAST DATE TO FILE ITR IS 31.07.2024

Male/Female Candidate required For Billing and Other Office Work
Location: Indore
Budget: 12k to 17k

Audit Asistant Required For client location
Location: Indore
Budget: Full time / Part Time

CBDT notifies 57 types of Incomes & Expenses to be reflected in AIS of IT Portal:

1. Salary
2. Rent received
3. Dividend
4. Interest from savings bank
5. Interest from deposit.
6. Interest from others.
7. Interest from income tax refund
8. Rent on plant & machinery
9. Winnings from lottery or crossword puzzle u/s 1158B
10. Winnings from horse race u/s 115BB
11. Receipt of accumulated balance of PF from employer u/s 111
12. Interest from infrastructure debt fund u/s 115A(1)(a) (ia)
13. Interest from specified company by a non-resident u/s 115A(1)(a)(aa)
14. Interest on bonds and government securities
15. Income in respect of units of non-resident u/s 115A(1) (a)(ab)
16. Income and long-term capital gain from units by an offshore fund u/s 115AB(1)(b)
17. Income and long-term capital gain from foreign currency bonds or shares of Indian companies u/s 115AC
18. Income of foreign institutional investors from securities u/s 115AD(1) (1)
19. Income of Specified Fund from securities u/s 115AD(1)(1)
20. Insurance commission
21. Receipts from life insurance policy.
22. Withdrawal of deposits under national savings scheme
23. Receipt of commission etc. on sale of lottery tickets
24. Income from investment in securitization trust
25. Income on account of repurchase of units by MF/UTI
26. Interest or dividend or other sums payable to government
27. Income of specified senior citizen
28. Sale of land or building
29. Receipts for transfer of immovable property.
30. Sale of vehicle
31. Sale of securities and units of mutual fund
32. Off market debit transactions
33. Off market credit transactions
34. Business receipts
35. GST turnover
36. GST purchases
37. Business expenses
38. Rent payment
39. Miscellaneous payment
40. Cash deposits
41. Cash withdrawals
42. Cash payments
43. Outward foreign remittance/purchase of foreign currency
44. Receipt of foreign remittance
45. Payment to non-resident sportsmen or sports association u/s 1158BA
46. Foreign travel
47. Purchase of immovable property.
48. Purchase of vehicle
49. Purchase of time deposits
50. Purchase of securities and units of mutual funds
51. Credit/Debit card
52. Balance in account
53. Income distributed by business trust
54. Income distributed by investment fund
55. Donations received
56. Receipt on transfer of Virtual Digital Assets
57. Winning from Online Games u/s 115 BBJ

ITR 1,2 AND 4,
FILING FOR THE
FY 23-24(AY 24-25) HAS BEEN STARTED