GST Suvidha Center Blog

  What is a Sole Proprietorship ? Sole Proprietorship comes under the company registration. It is the business that legitimately exists because of the owner. All the assets and liability are owners' matter that is Profits and losses are taxed on the individual's Tax Returns.  Who can opt for Sole Proprietorship? A person who has less investing plans that means he has less money to invest in the business can go with the option with Sole Proprietorship because he will be the sole head in the company and all the decisions will be made by him/her.  What are the Advantages? Your Decisions are Independently yours to make, no interference You are the owner and with zero interference only its decision that will affect or get implemented into your business. Easy Formation and dissolution   The endowment of a proprietorship is an easy process Unquestionably but the process varies because of the country, state, or locality. High flexibility in management  It's 100% owner c...

 Health is the key for Everything, A healthy Body gives strength to a healthy mind, it’s not the only reason why we are suggesting to have insurance . “Don't just wear Mask, protect yourself through insurance” Before 2020, only a few minds who understood the importance of Financial stability had Insurance, But Look at this year, Can't You Feel that a " Health Insurance " is a "must-to-have thing". If you are fortunate enough you can take down any disease but if not, we suggest don't have a financial breakout as well, especially Young People. With the continuously rising cost of healthcare, and with the ever-rising instances of diseases, health insurance today is a necessity. Let Us Give you the 3 Basic yet life-balancing points on how can a health Insurance save yourself- 1) Financial Shield against sudden breakouts: It’s an essential duty to have health insurance as a precaution or protection shield. If you suddenly get sick or wounded, something happ...

Best Way To Live A Financially Healthy Life- Retirement Plan   Have you heard the phrase" When you retire as a Rich Man, then heaven sets your bed every night"? It cannot be told wrong because a financially stable person faces fewer problems compared to people who had only relied upon pension policies. It is said the earlier you start investing, the better it is. Do you know what a retirement plan is? A retirement plan is an insurance policy that requires your financial contributions to some funds that are set for your post-retirement years. Types of Retirement Plans Serval types of pension plans available in India: Deferred Annuity - This pension scheme allows the policyholder to invest a lump sum amount of money through annual/monthly premium plans over a fixed tenure. Immediate Annuity- In this type of pension scheme, the pension starts quickly. It begins as soon as one deposits the first premium. The amount spent is also exempted from taxation under the Income Tax Act, 19...