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TERM LOAN A term loan provides borrowers with a lump sum of cash upfront in exchange for specific borrowing terms. Term loans are normally meant for established businesses with sound financial statements. In exchange for a specified amount of cash, the borrower agrees to a certain repayment schedule with a fixed or floating interest rate. The repayment is usually done in regular, predictable instalments (like EMIs) that cover both the principal amount and the interest. Term l

In the fast growing Indian economy Cryptocurrencies are emerging as one of the prominent financial innovation, offering decentralized transactions. In India Virtual Digital Assets (VDAs) such as cryptocurrencies, NFTs, etc. are now subject to taxation, whose capital gains are taxable at a flat 30%. What is a Virtual Digital Asset (VDA)? Section 2(47A) of the Income Tax Act defines a Virtual Digital Asset (VDA) to include: Cryptocurrencies such as Bitcoin, Ethereum, Ripple, e

GST registration is an essential requirement for many businesses in India. Having the necessary documents ready in advance helps ensure a smooth registration process and avoids unnecessary delays. This guide provides a comprehensive checklist of documents required for GST registration for different types of business entities. COMMON DOCUMENTS REQUIRED FOR GST REGISTRATION 1. PAN Card of the Applicant/Business 2. Aadhaar Card of Proprietor/Partners/Directors 3. Pas

Limited Liability Partnership is considered a hybrid business that combines the attributes of company and the partnership firm. LLP consists of all the benefits and characteristics of the private limited company, however it can be operated flexibly just like partnership firm. Compliances are less in LLP as compared to a company. The partners have limited liability as LLP has a separate legal entity from its partners. List of Documents required for registration of a LLP: Obtai

A partnership firm is a business enity where two or more individuals agree to invest their capital, skills, and resources to manage a profitable business and share its financial gains and losses. In this arrangement, the members are individually called partners and are collectively recognized as a firm under their chosen firm name. In India, such organisations are legally governed by the Indian Partnership Act, 1932. Registrations of Partnership firms under Indian Partnersh