1.From AY 2023-24 onwards, Form 26 AS display only TDS/TCS data. Other taxes like advance tax, Self-assessment tax, refund etc., would be available in AIS (Annual information statement) 2. The list of banks available for e-Pay Tax service at e-Filing portal is provided in the Latest Updates dated 01-Feb-2023. 3. Functionality for filing of rectification request in respect of orders passed by CsIT(Appeals) is live. 4. PAN shall become inoperative from 1st April 2023, if not linked with valid Aadhaar.5. ITRs filed after 31st July 2022 need to be verified within 30 days. Refer to Directorate of System's notification no 05 of 2022 dated 29th July, 2022. 6. Form 10F can be filed manually till 31 March 2023 by Non-Residents neither having PAN nor required to obtain it. Refer Latest Updates for details. 7. The Online return form ITR-A, for filing modified return u/s 170A is now enabled. 8. Co-browsing feature is now available for the taxpayer, to know more kindly refer latest updates.


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PRIVATE LIMITED COMPANY

 

Private Limited Company registration is one of the most popular forms of a “legal structure” for all organizations in India. A private limited company can have at least two members with a maximum limit of fifty members. The directors of a private limited company have limited liability to their creditors. In case of a default, banks/creditors can just sell the company’s assets but they do not have any right to sell the personal assets of the company’s directors. If you are planning to start an organization in India, do ensure that your organization/company is registered under “Company Registration” as this is the first and foremost step. It is very essential to enroll your company as a registered company, as it includes many advantages such as “it is easy to register and also easy to dissolve”.

 

Start-ups and developing organizations are inclined towards the structure of a “Private limited company” because it allows to easily raising money, through outside funding and it also limits the liabilities of its investors.

 

Private Limited Company Registration is now easily possible through “K.K.SINHA MULTILEVEL SERVICES (A company registration specialist)”, which is located in “BOKARO STEEL CITY, JHARKHAND.” If you are planning to register your own company then you can totally depend on “K.K.SINHA MULTILEVEL SERVICES (A company registration specialist)”. We will assist you with the company formation procedure at each and every step and all your queries will be resolved by our experts.

 

PRIVATE LIMITED COMPANY BENEFITS

 

Ø  It is adaptable and has limited liability

Ø  Better capital contribution along with better strength.

Ø  Possibility to grow big and expand

 

ADVANTAGES OF PRIVATE LIMITED COMPANY

 

There are different reasons to settle a private limited company:

 

Ø  Favored by banks, VCs, and investors.

Ø  Shares can be easily distributed/redistributed among investors or the directors.

Ø  It acts as a separate legal entity which restrains your liability.

Ø  It offers you the adaptability of a partnership firm and the benefits of a Public Ltd. Company.

Ø  Simple to enlist, manage, and run.

Ø  Simple to dissolve or wind-up.

 

ELIGIBILITY FOR PRIVATE LIMITED COMPANY REGISTRATION

 

Ø  Minimum 2 Shareholders

Ø  Minimum 2 Directors are required

Ø  Minimum 1 Lac Share Capital

Ø  DPIN for all the Directors

Ø  At least one designated partner should be an Indian Resident

 

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