P&L Statement
P&L Statement shows the money in and the money out for a year. The last line is your profit or loss. Banks and lenders ask for it when you take a loan.
Accounting & AuditPAN
A PAN is the 10-character code that the tax department gives you. Each person and firm in India has one. You need it for your ITR form and for your bank.
Income TaxPAN vs TAN
PAN vs TAN: both are 10-character numbers from the Income Tax Department. A PAN is for all who pay tax. A TAN is for those who hold back tax at source.
Income TaxPatent
A patent is a right over a new invention. It lets you stop others. No one may make or sell your idea in India. You must file and pass a check.
Intellectual PropertyPatent Infringement
Patent infringement is when a firm uses or sells your invention and you did not say yes. Your patent lets you stop them. You can claim a sum. Act fast.
Intellectual PropertyPCT
PCT means Patent Cooperation Treaty. You file one form. Then you claim it in each land you pick. WIPO runs it. So you file once. That is the point of it.
Intellectual PropertyPremium
A Premium is the money you pay an insurer for cover. You pay it in one go, or in parts over the year. Miss a due date and your cover can stop.
InsurancePrivate Limited Company
A private limited company is a firm with a small set of owners. It limits who can buy in. It may not ask the public for cash. Your own assets stay safe.
Corporate LawProfessional Tax
Professional Tax is a state tax on the money you earn from work. You pay it to the state and not to the Centre. Each state sets its own rate and limit.
Compliance & RegistrationsProfessional Tax Registration
Professional tax registration is a state form for a firm that pays staff. The state takes a small cut of pay. Some trades pay it too. Keep it live.
Compliance & Registrations