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Your choice should be wise while choosing your business category whether Proprietorship, a Partnership or a corporation. Every kind of activity you are engaged in have some specific advantages and disadvantages. Your home-based business involves choosing the legal structure such as  Sole proprietorship , Partnership or Corporation. Apart from the government reporting and tax purposes, choosing a business wisely can enable your business to operate more efficiently. As each legal firm has its own unique characteristics, your goal is to choose which form of business is best for you. The decision of determining the goods and services that the company will go to offer depends on the type of Business. Although, there is no right or wrong choice that we can say that you should choose this business activity, all you need to understand the advantages and disadvantages of each legal structure so as to opt the best option which can meet your needs. Sole Proprietorship Sole Proprietorshi...

Of course, we all wait eagerly for the budget every year. Most of the time it brings a big smile to our face or sometimes it takes our anxieties to the toughest level. Some new laws have been introduced in the last year budget. Section 194-IB is the example of such debutante. Earlier, there was only one section that has brought the rent under the umbrella of TDS and it was section 194-I. Now, the most wondering thing is why would section 194-IB brought in when section 194-I was already there. The simple answer is "To widen the tax base". Under section 194-I, only those individuals and Hindu Undivided Family have been covered who were liable to get their accounts audited u/s 44AB. Ultimately, this section left a huge portion of rent payers uncovered because of the fact, not everyone became liable for audit. Further, if you want to file TDS Return you can go throughout website Legal Raasta. What is section 194-IB? If an individual or a HUF is found to be responsible fo...

The Big Buyout The news of a $16 billion acquisition of the e-commerce brand by Walmart, world's biggest retailer, echoed all over India. This deal solidified the stance of Walmart in India by becoming the country's largest acquisition deal and also the world's largest purchase of an e-commerce company. That is quite a statement and a signal of the intent of doing business in the country. The procedure, talks, and delegations of over 20 months finally came to fruition with Walmart now a 77% (majority) shareholder in the company. Venture capitalists and private equity professionals certainly seem to be happy by the acquisition since put together, these individuals are all set to be richer by $14 billion which is not a small amount by anyway, shape or form. However, even after all the financial investments by Walmart, they could have potentially grossly underpaid for acquiring Flipkart with the endless opportunities the Indian marketplace has to offer. Walmart "Sto...