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Showing posts from October, 2023

Tax Advantages of Mandatory Provident Fund

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The Statutory Provident Fund, also known as the General Provident Fund (GPF), was established under the Provident Funds Act of 1925. This fund primarily caters to government employees, universities, recognized educational institutions, railways, and other qualifying entities. Explore the tax advantages of a Mandatory Provident Fund. Learn how this financial tool can help you save on taxes and secure your future. 📦⚖️💼 Swipe >>> For more information, please write to us at support@kanakkupillai.com or visit https://ibit.ly/21olz. Contact us - https://wa.me/917305048476 The tax treatment for employees regarding this fund involves several essential aspects: Tax-Exempt Interest:   Interest credited during the financial year is tax-exempt, providing a significant benefit to employees. This tax exemption means that the growth of the provident fund remains untouched by taxation, ensuring that employees' savings can compound more effectively. Tax-Exempt Withdrawals: When employee...

Private Limited Company Registration: A Comprehensive Guide

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Embark on your entrepreneurial journey in the vibrant city! Secure your business future with seamless Private Limited Company Registration . Let's build success together!  For new business registration and support, contact kanakkupillai today. 🌌🚀  Swipe To Learn More >>> For more information, please write to us at support@kanakkupillai.com or visit https://t.ly/i0Jyj Contact us - https://wa.me/917305048476 Step-by-Step Procedure for Private Limited Company Registration: Name Reservation: Choose a unique name for your company and check for availability. Apply for name reservation with the Registrar of Companies (RoC). Digital Signature Certificate (DSC): Secure a Digital Signature Certificate (DSC) for the nominated directors of the company. Secure a Digital Signature Certificate (DSC) for the appointed directors of the company. Director Identification Number (DIN): Apply for DIN for all the directors through Form DIR-3. Incorporation Application: File the incor...