Starting a business can be a challenging and rewarding experience, but the harsh reality is that the majority of startups fail within their first year. In India, the failure rate for startups is even higher, with around 90 percent failing within their first year. Here are some of the reasons why startups fail in India:…
Income Tax Return (ITR) filing is an annual process for individuals and businesses to declare their income and tax liabilities to the government. It is mandatory for individuals earning above a certain threshold and businesses registered under various laws, such as the Companies Act, Partnership Act, and LLP Act. ITR filing for the financial year…
If you are a business owner or a transporter in India, you must be aware of the E-way bill system introduced by the government. An E-way bill is a document that must be generated and carried by a transporter for the movement of goods worth more than Rs. 50,000 from one place to another. It…
If you are a proprietorship business in India, it is mandatory to register for GST (Goods and Services Tax) if your annual turnover exceeds Rs. 40 lakhs. GST registration is essential to comply with the Indian tax laws and avoid legal issues or penalties. Here is some information on how to register for GST for…
As a food business owner in India, it is essential to keep your FSSAI license up-to-date and accurate. If there are any changes to your business details, you need to update your FSSAI license accordingly. Here is some information on how to change details in your FSSAI license. Apply FSSAI License Modification ( 🌟🌟🌟🌟🌟 4.5…