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A very common question asked by a lot of people is "Can I patent a concept or idea?"  The answer to this question is technically you cannot. 

There is no doubt that the opportunity of selling online in today’s market scenario has helped a lot of businesses to grow and expand. The increased use of smartphones has led to a major inflow of investments in e-commerce startups.

In this online era, everything has become digitized and e-signing is no exception. DSC (Digital signature certificate) has become a reality in many industries and is growing by every passing second.

A private company is a business entity held under private ownership. The company may issue stock and have shareholders, but company's shares do not trade on public exchanges like BSE or NFT and are not issued through an initial public offering (IPO).

ESOP stands for Employee Stock option plan. Now a day, most of the start-ups in India uses this as a tool to maintain their employee turnover ratio.

A public limited company (PLC) is a business entity that trades its securities in the stock market or offers its shares to the public. It raises a good amount of funds through public issue shares. A public limited company is easy to incorporate and this is the key reason behind its huge popularity in India. A PLC can be formed with a minimum 3 directors and 7 shareholders along with a registered office.

A private limited company (PLC) is a privately held business entity. The liability of a private limited company's members is limited to the number of shares held by that member. A PLC is governed by companies act 2013 and minimum number of shareholders needed to start a PLC is two while maximum limit of members is 200.

Know the key difference between a partnership firm and limited liability partnership(LLP). Check out the detailed explanation of Partnership and Limited Liability Partnership.

Corporate governance is a set of rules, regulations, processes and practices implemented to control the activities of an entity.

Tax audit is required to be done u/s 44AB of Income tax act if the turnover of the assessee crosses a certain specified limit in a financial year from business or profession.

Many startups and SMEs are coming into existence now a days. They are completely focused towards developing their business and increasing their clientele but they should not forget about the statutory and other government compliance which they are mandatorily required to do during the year.

Business structure is a structure in which an entity is legally formed and registered. The nature and functions of the entity will solely depend upon its business structure.

Goods and service tax (GST) is an indirect tax which was brought into existence to replace old indirect taxes which were VAT, service tax, excise duty etc. It came into existence from 1^st July 2017.

The startup culture is booming in India. Many youngsters are coming with their own unique ideas to start their own business.

But to run a business, you need money. Many a time, the capital brought in by the promoters is not sufficient to scale up the business.

Digital Signature Certificate (DSC) is an electronic code or key that confirms a person's or company's identity online.  DSC is issued by a trust service provider or even by a certification authority.

LLP or limited liability partnership is considered as a partnership in which a few or all company partners have limited liability.

It contains a comprehensive detail of all the financial data of the taxpayers. Taxpayers can see the details of all the transactions related to sale and purchase of securities, interest income, salary, foreign remittance etc. at one place. 

MSME stands for Micro, Small and Medium Enterprises, also known as Udyam Aadhar and the Registration process is known as Udyam Aadhar Registration.

Budget has been from years one of the favourite finance sessions for the general public. It is one of the few finance sessions which appeals to the masses and is listened by everyone, be it a business person or salaried individual.

We all have heard about six sigma in some point of our life. Today, it becomes a commonly used term in the business space. It was first introduced in 1986 in Motorola company by engineer Bill Smith. 

A budget is a document prepared by the government to present its estimated tax revenues and propose expenditure on defense, education, healthcare, infrastructure, and other sectors for the upcoming financial year.

Refund is an important term under GST regime. It is an important cash flow factor for most of the business.

We have all heard about the Income tax raids. Every other day we read in the news about the black money seized during the raids. But do you know what power does the Income tax officers have to conduct raids, and do the assessee also have any rights in the process of search and seizure on him.

We have all heard that government is taking various initiatives for MSME in India but most of us unaware of the details and therefore are unable to take the benefits of the same. We will discuss here some of the recent schemes and benefits that the government has offered for the MSMEs in India.

If you are planning to start up your business online, then there are plenty of things that you must know. A big amount of money is spent on advanced technologies, tools, business applications and many other things every year. 

Seed funding is the funds that startups get at the initial level to help them convert their idea into reality. It is generally used to create a prototype of the idea to prove its functionality and potential in the market. 

Food Safety and Standards Authority of India is the main authority that provides a food license to all the businesses that operate in the area of foods. 

Artificial Intelligence is a well-known concept in the current scenario. It is a branch of computer science concerned with building machines and tools that can be used to perform the tasks which requires human intelligence. 

GST is one of the greatest changes in the tax system of India. It removes all other unnecessary taxes on goods and services. The full form of GST is Goods and Service tax.

In recent years, we have seen many Indian companies listing themselves on the stock exchange. The year 2021 was the year of IPOs. 

Assessment is the method which is used to evaluate the information and other details filed by the assessee with the Income tax department.

Every state has its own Shop & Establishment act, but the basic principals and requirements of the acts are more or less similar. Department of labour of the states regulates the shop & establishment act.

Takeover has become a very commonly used term in the business world. Many companies are acquiring another company or investing in the companies which might or might not shares the similar business models.

A double taxation avoidance agreement (DTAA) is the agreement signed between two or more countries to avoid double taxation on the same incomes in two or more countries. 

GST keeps changing on day to day basis and it is very important to be aware of the amendments as it directly affects the businesses, cash flows, and statutory compliances.

The Indian government is constantly changing the laws to maintain the safety of food in the country. FSSAI is the Food Safety and Standard Authority of India which handles all the issues related to food products. 

INC-20A form is required to be filed as persection 10A(1)(a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014. 

Companies Audit Report Order (CARO) is a format prescribed by the ministry of corporate affairs (MCA) for the issue of Statutory Audit reports of companies as per the Companies Act, 2013. 

Business valuations are rather considered as a work of art than science nowadays. Valuations of businesses having fair business prospects are now booming even if they are at a prototype stage only. 

The Composition levy scheme is a very simple, hassle-free compliancescheme for small taxpayers. It is voluntary and can be availed at the option of the assessee. It is constructed mainly to ease the compliance burden of small and medium businesses in India. 

Section 194R is recently introduced in the finance bill 2022 for applicability of deduction on TDS on business promotion expenses paid by the business entities. This new TDS section will be applicable from 1^st July 2022. 

Starting a new business involves many steps from planning to documentation work. It takes a long time to register a new business in India. Looking at the problems of small businesses, the government started the Udyam Registration process in India,

After the introduction of GST by the Indian government, a lot of improvements have come in the working of companies. 

A startup is a new company that is yet to be registered or incorporated. Owners of these companies raise funds from various sources to start a company. 

GST has been a much debatable topic for many accountants since 2017. After the introduction of GST by the Indian government, the percentage of indirect tax has changed on many items. 

Filing ITR in India is compulsory for all those individuals who earn a yearly income of INR 250,000 and above. 

GST return filing is mandatory for people who supply goods and services of more than 20 lakh in a year. People living in a north-eastern state must file GST returns if they have a turnover of more than 10 lakh every year.

Today, many small businesses opt for the LLP option from a partnership firm. It is because LLP has many benefits over a traditional partnership firm such as limited liability of partners, perpetual succession, and flexibility.