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MPVD & Associates

Incorporated in 2014, MPVD & Associates is headquartered in Kolkata. We are a distinguished audit and tax advisory firm that brings objectivity, excellence, integrity, and insight. We are dedicated to help our clients to achieve success. Anyway, our renowned CA firm in Kolkata, our team comprises dedicated CA professionals. And, they are proficient across a range of business needs and have the expertise to bring value to our clients’ businesses.

Company Registration in India for Home-Based Food Operators. Home-based bakeries, cloud kitchens, tiffin or dabba service, or supplying packaged pickles and snacks—all these businesses can operate from the home kitchen without over-the-top investments or even the need for company registration in India. You can get started with a trade license, GST, and FSSAI (Food Safety and Standard Authority of India) registration and run the business individually, without being part of an entity, right away. Once your business starts to grow beyond the threshold limits of turnover for paying GST and from the basic level of FSSAI, you may go for a sole proprietorship firm registration. Other options include a one-person company (OPC) or a limited liability partnership (LLP), according to the nature of your business. Get an insight from MPVD. While it is not compulsory, it is much more beneficial to have company registration in India.

But you can start simple. Getting an FSSAI Registration in India—Process, Considerations, and Essentials The Process: LLP Explained: All You Wanted To Know About Limited Liability Partnerships In India. Limited Liability Partnerships (LLPs) are widely favoured in India due to the unique combination of partnership with corporate structure. LLPs offer operational flexibility, tax benefits and ease of operation while at the same time maintaining simplified compliance. The legal framework of LLPs is regulated by the Ministry of Corporate Affairs and governed by the Limited Liability Partnership Act 2008.

LLPs help entrepreneurs focus on their business growth without having to worry about other personal liabilities, which makes them an excellent choice for startups and small and medium-sized businesses. Understanding LLP (Limited Liability Partnerships) LLP, or Limited Liability Partnership, is a business entity that bonds the features of a corporation and a partnership. It offers the partners limited liability protection and retains the flexibility and tax benefits that are associated with the partnership. Features of LLP Flexibility in Business Partner Agreement Perpetual Succession. Done With Proprietorship Firm Registration? Now Go For GST Enrollment!

Just getting proprietorship firm registration is not enough; GST registration is vital for complying with tax regulations and legally conducting your business. You must obtain a unique GST Identification Number (GSTIN) in order to collect and remit GST, improve business credibility, and avail input tax credits. While MPVD & Associates can help you with online company registration in India, we also advise proprietorship firms to understand that GST registration is also essential and can significantly impact your business growth and ensure smooth operations.

GST registration allows you to comply with tax laws and enjoy other benefits. In this blog, we walk you through the GST registration process for proprietorship firms, highlighting the latest updates and addressing the challenges faced by proprietors. Why Do Proprietorship Firms Require GST Registration? GST (Goods and Services Tax) is India’s comprehensive indirect tax system. The Legal Framework Of GST Registration. GST Consulting Services by MPVD & Associates—Decoding Budget 2024. A big part of the Union Budget 2024 is how it addresses inclusivity and proposes to review and update the bulky Income Tax Act of 1960 and simplify it. This saves a new spot for the Goods and Services Tax (GST) in pursuit of the Viksit Bharat goals, which is bound to get new codes of “rationalisation.” At MPVD & Associates, one of the top 20 GST consultants in India, our ethical responsibility is to guide you towards the bright side of the tax implications.

So here are some key points and recommendations that will help you in your upcoming GST audits. Main Changes Addressed by Our Expert GST Consultants in India The key takeaways from the Finance Bill are for Micro, Small, and Medium Enterprises (MSME), which are placed with a range of opportunities, with several exemptions and relaxations, especially the fact that MSMEs can now enjoy an increased threshold limit on turnovers of Rs. 40 lakhs. Customs Duty Amendments in Budget 2024 The Importance of Digitization in GST. Know Why To Consider Proprietorship Firm Registration In India – MPVD & Associates. Establishing a business in India can be exciting yet intimidating. Of the different business entities available, proprietorship firms are certainly one of the favourite routes for entrepreneurs, particularly those starting small.

Registration of such a proprietorship firm, although not statutory, can still bring many advantages to the owner and the business. In this blog, we will talk about some of the main reasons for company registration in India and why it may prove to be the right choice for emerging entrepreneurs. Legal Recognition Probably the most crucial benefit of proprietorship firm registration is that your business is legally recognised.

Easy to Establish The process of registration of a proprietorship firm is easy and less complicated as compared to other forms of business organisations, like partnerships or companies. Financial Benefits Out of these many entitlements, a proprietorship firm is entitled to many financial entitlements. Tax Benefits Business Expansion and Growth. Navigating NRI Taxation with Expertise: MPVD & Associates - Express Magzene. As globalization continues to bring people and businesses together across borders, Non-Resident Indians (NRIs) often find themselves facing complex taxation challenges. The intricacies of NRI taxation demand not just knowledge but a deep understanding of the ever-evolving tax laws in India and other countries.

This is where MPVD & Associates, a leading name in the financial and tax consultancy sector, steps in with its specialized NRI tax consulting services. Understanding NRI Taxation NRI taxation is a multifaceted arena encompassing various aspects, including income earned in India and abroad, property ownership, investments, and more. NRIs must navigate a maze of regulations and compliance requirements, making it essential to have expert guidance at their disposal. At MPVD & Associates, we recognize the unique tax challenges faced by NRIs and offer comprehensive NRI tax consulting services designed to address their specific needs. Our Specialized NRI Tax Consulting Services Conclusion. Virtual Chartered Accountants - How They Work And Things To Consider Before Hiring - MPVD & Associates. The role of a chartered accountant is critical for professional financial planning, tax planning, and overall financial counselling for individuals and businesses.

But how would you feel to communicate with a chartered accountant via email and phone, without face-to-face meetings and handing off hardcopy documents? MPVD plays a pivotal role in making a difference as a chartered accounting firm in Kolkata that offers both in-person meetings and virtual chartered accounting services to domestic and NRI clients. In this blog, we will give you an overview of how virtual CA consultancies work and how to get the best services. What Are Virtual Accountants, And How Do They Work? The domain of chartered accounting is widely undergoing a digital shift around the world. Now, virtual accounting can often mean two things: The latter is the true definition; a virtual accountant is available through internet-based communication and work processes. What Virtual Accountants Can Do. Best Practises To Calculate Return on Investment (ROI)

When you make a business investment, you deserve a reasonable return, or “incremental revenue”, a percentage that is significantly greater than the amount of your upfront investment. Isn’t that the simplest math? But here’s the thing, return on investment (ROI) can have both positive and negative aspects. Moreover, the ROI is a metric of the return yield of the amount of investment, not the time value of money or the return depending on the investment’s hold duration. So how would you calculate annualised returns or connect them to the CAGR and compounded annual growth rate? You need to consider all these things in your calculations. MPVD & Associates, a reputable CA firm in Kolkata, has assisted hundreds of firms and entrepreneurs in determining their investment and return ratios.

What Is Return on Investment? The profits and losses connected with a specific investment are referred to as the return on investment (ROI). An Overview of the ROI Formula Things to Consider When Calculating ROI. Things To Consider When Preparing GST E-Invoices for Businesses. The new CBIC statement mandates enterprises with an AATO between Rs. 5 crore and Rs. 10 crore to create e-invoices beginning August 1, 2023. MPVD, being a responsible GST Consulting Company in Kolkata, plays a significant role in assisting businesses and entrepreneurs in complying with the current e-invoicing phase in India by endorsing a host of cloud-based GST solutions. This blog is published by MPVD experts as a resource to educate businesses on some of the key considerations for accurately preparing GST e-invoices.

What is E-Invoicing And How Does It Work in India? The Goods and Services Tax (GST) Council governs the deployment of e-invoicing in India. E-invoicing, often known as electronic invoicing, is a digital means for businesses or organizations to generate, transmit, receive, and process invoices. It entails using standardized electronic formats to create and exchange invoices, thereby eliminating the need for paper-based documentation and human data entry. MPVD Company Formation Guidelines: Why Do We Recommend A Private Limited Company? - MPVD & Associates. Business owners begin with the fundamental belief that founding a Private limited company in India provides significant operational and tax benefits and the essential “limited liability”. It protects your personal assets from creditors in the case of a business failure.

Therefore, it never puts the company owner in danger of personal bankruptcy. But is that all? MPVD, a provider of services owing to chartered accountancy and company formation in India, highly recommends private limited company formation for many more reasons than a reduced liability. Best Aspects of Private Limited Company With the startup ecosystem thriving across the country, there is a diverse spectrum of business models that require strategic investments, long-term strategy, hiring people, and going global.

Where companies require an advantage over public firms in this area, establishing the limited company, gives them a better edge at operating independence and flexibility. Understanding Direct tax And Indirect Taxation In India. Direct taxes are simple to understand since they are incurred on individuals’ earnings or profits. The government imposes an indirect tax on goods and services for businesses and professional service providers. In 2017, the Goods and Services Tax (GST) effectively replaced most indirect taxes in India, including VAT, service tax, excise duty, purchase tax, and so on. Those who want to start a business but have never paid indirect taxes are frequently perplexed about what they are.

As a reputable tax consultancy in Kolkata, MPVD & Associates has been working with taxpayers at different stages of their tax-filing journeys, and they have found that there is still much confusion regarding direct tax and indirect taxes, particularly among young people who are looking to start a business. This article aims to provide much-needed clarification. What Is Direct Tax Individuals and businesses pay direct taxes to the government based on their income and wealth. What is Indirect Tax. What Is The Impact Of The 2000 Note Withdrawal In India - MPVD & Associates. The Reserve Bank of India (RBI) announced on May 19, 2023, that the Rs 2000 denomination banknotes would be phased out of circulation as per the ‘clean note policy.’ If you possess cash denominations of Rs. 2000, you must deposit all the bankrolls in your bank account or exchange them for other denominations at any bank.

You have time from May 23 to September 30, 2023. People have all the reason to believe that this will be another disruption after the demonetization, which came into effect when 86% of India’s currency in circulation was scrapped. However, the central bank of India urges Indian citizens not to worry since the withdrawal will follow a “time-bound” and systematic strategy to avoid disruptions and maintain normal operational convenience. MPVD & Associates, a top CA firm and tax consultancy in Kolkata, has pledged to provide assistance and financial advice to all clients, businesses, and people in various financial scenarios. The central bank has given the public two options: Bookkeeping & Accounting For Doctors And Self Employed Medical Professionals In India - MPVD & Associates. In India, doctors and other medical professionals who are self-employed taxpayers, or “assessees,” are those who derive their revenue from their practice and services rather than from a fixed income or salary from an employer.

It makes sense that managing the financial facets of the healthcare profession would fatigue medical professionals. The MPVD & Associates CA firm in Kolkata has been working with a variety of methods to simplify the bookkeeping and accounting requirements for medical professionals so they can maintain a clear and organised financial profile at all times. This article jots down some of the important insights on the topic. How Income Tax Works for Medical Professionals in India Section 44AA of the income tax returns for doctors governs the deductions for medical professionals and doctors.

Although it is advised that everyone with a steady income should file for their taxes, the tax deduction only applies to those with an income exceeding INR 2.5 lakh in a fiscal year. How MSME Registration Works for Company Incorporation in 2023 - MPVD & Associates. In a developing country like India, when central and state government programmes, increased accountability, and practical resources of funding and tax benefits come together to foster the growth of Micro, Small, and Medium Enterprises (MSMEs), it is tethered to the self-sustainability of the economy.

The MSME registration is optional for company formation in India, but for qualifying entities, failing to obtain this registration could result in losing out on many essential benefits. Clients seeking corporate law matters consulting from MPVD & Associates are widely interested in learning more about MSME registration, processes, requirements, and reviews.

Here is a basic layout of how it works and how important it is. The MSME Development Act came to effect in 2006. Micro-manufacturing and services units are increased to Rs. 1 Crore of investment and Rs. 5 Crore of turnover. Small units are increased to Rs. 10 Crore of investment and Rs 50 Crore of turnover. PAN Card Aadhaar Card. NRI Taxation and Accounting Guidelines for FEMA - MPVD & Associates. The Reserve Bank of India (RBI) is in charge of the Foreign Exchange Management Act of 1999, alias FEMA, which codifies and alters existing laws governing foreign exchange in India and regulates all forms of capital transactions involving both Indian residents and foreigners, as well as non-resident Indians. When conducting business from abroad, taxes are often the most intimidating aspect for non-resident Indians. The FEMA consultancy is an essential part of MPVD & Associates’ NRI taxation services in an effort to safeguard stakeholders against the complexity of the foreign exchange laws and regulations and carry on with healthy foreign transactions and balance payments in business dealings.

The Status of a Non-Residential Indian under FEMA An NRI, as per FEMA regulations, is identified under two broad categories that are basically either an Indian citizen living or working abroad or a person of Indian origin with foreign citizenship. NRIs Investors in India under FEMA. What Are The Characteristics To Look For While Hiring Law Firms? Article - ArticleTed - News and Articles.

Importance of ITR Return Filing for Sole Proprietors - MPVD. Importance & Advantages Of A Tax Preparation Services. Difference Between Business And Company Formation in India. A Guide to Using MPVD Company Audit & Taxation Services for Kolkata-Based Startups - MPVD. How Can a Chartered Accountant Help Your Business Run Smoothly? Tips to Prepare for Your First Tax Audit in 2023 - MPVD. Tips to Prepare for Your First Tax Audit in 2023 - MPVD. How Company Taxation Works for eCommerce Businesses in India in 2022 | by MPVD & Associates | Dec, 2022 | Medium. Everything You Need to Know About NRI Tax Planning - MPVD. Issues You May Face During GSTR 9 & 9C Filing & How to Tackle them. Why Should You Seek Professional Tax and Accounting Consultation? Why Should You Seek Professional Tax and Accounting Consultation? Issues You May Face During GSTR 9 & 9C Filing & How to Tackle them.

Importance of Business Structure During a Company Formation in India | by MPVD & Associates | Nov, 2022 | Medium. Frequently Asked Questions About Rejection of GST Registration Application - MPVD. What Is Trademark And How Does It Works in India - MPVD. A Simple Guideline To Online GST Registration & Filing for Businesses in India. Company Formation Laws for eCommerce Startups in India 2022. Importance of Business Structure During a Company Formation in India. Top 8 Tax Deductions Applicable to Your Small Business. Useful Tax Advice on Capital Gains for NRIs in India - MPVD Associates - CA Firm In Kolkata.

Here’s How NRIs Can Now Open A One-Person Company (OPC) in India - MPVD. Company Audit & Taxation Procedures for NRI Investors in India | by MPVD & Associates | Sep, 2022 | Medium. Financial Consultant in Kolkata: Do We Really Need Them? 47th GST Council Meeting: Updates By the Top CA Firm in Kolkata. Understanding Tax Deducted at Source (TDS) for Beginners. Different Types of Company Audits and How to Prepare for Them - Smart-Techer. Did You Know That Timely ITR Filling Has So Many Advantages? - MPVD. Top 10 Chartered Accountancy Firms In Kolkata - MPVD Associates. Why Start-ups Should Go Under the GST And Its Importance - MPVD. Why Start-ups Should Go Under the GST And Its Importance - MPVD. How Can NRIs Wisely Plan Taxation in India? - MPVD. Why Should You Choose A Limited Liability Partnership For Your Startup In India - MPVD.

Sinkholes Resulting From Wrong Sewer Repair Work in Ireland: ext_5896158 — LiveJournal. How Company Taxation Works for eCommerce Businesses in India in 2022. A Simple Guide To Cryptocurrency Taxation In India In 2022 - 5 Legal Ways to Save Taxes on Income in India - MPVD. Taxation on Cryptocurrency: How are the Gains from it Taxed? - MPVD. Best Possible Options For Foreigners Setting Up Business In India - MPVD. MPVD & Associates’ New Norms For Income Tax Filing For First Timers-AY 2022-23. 3 Common Accounting Blunders Start-Ups Could Avoid | by MPVD & Associates | Jul, 2022 | Medium.

MPVD & Associates’ Tax Consultancy Explains New TDS Rules on Cryptocurrency in India. A Brief Guide On Company Formation In India For eCommerce Startups. Director Identification Number: The First Step to Qualify as a Director of a Pvt Ltd Company. NRI Taxation Implications For Moving Back to India With Foreign Household Goods – Telegraph. Should NRIs Pay GST | Understanding Taxation for NRIs. MPVD Accounting & Tax Advisory in Kolkata Explains the Two-Year Window in Budget 2022. How Taxation Works for NRIs Selling Property in India - MPVD. The Importance of GST Consulting Services for Companies and Individual Sellers in India - MPVD Associates - CA Firm In Kolkata.

Know The Tax System For Startup Businesses in India | Journal. How The Tax System Works for Startups in India. NRI Tax Advisory - New Rules for NRI Taxes in Indian Budget 2022. Why Should You Hire Tax Consultancy Services For Your Business? | by MPVD & Associates | Jan, 2022 | Medium.