The CBDT circular announcing the due date extension specifies that the due date itself, as provided under Section 139(1), has been extended from July 31, 2025, to September 15, 2025
The CBDT circular announcing the due date extension specifies that the due date itself, as provided under Section 139(1), has been extended from July 31, 2025, to September 15, 2025
Start A New Business
Proprietorship
A sole proprietorship is the simplest form of business—owned and managed by a single person. You are the boss and take home all the profits, but also bear all the risks. It’s ideal for small businesses, freelancers, and startups looking for a quick and easy setup.
Limited Liability Partnership (LLP)
An LLP blends the flexibility of a partnership with the benefits of limited liability. Each partner is protected from the other’s mistakes or debts. It’s a great choice for professionals like consultants, CA firms, and service providers who want to work together while protecting their personal assets.
One Person Company (OPC)
An OPC lets a single person run a full-fledged company with limited liability. You can be both the director and shareholder. Plus, you can appoint a nominee to take over in case something happens. It’s a great option for solo entrepreneurs who want the legal structure of a company.
Private Limited Company
A Private Limited Company is a registered business with its own legal identity, separate from its owners. It has limited liability, offers credibility, and allows for raising funds from investors—but limits the number of shareholders and doesn’t allow public trading of shares. It’s perfect for startups and growing businesses.
Public Limited Company
A Public Limited Company is ideal for larger businesses looking to raise funds from the public. Shares can be freely traded on the stock exchange, and there’s no cap on the number of shareholders. It requires a minimum paid-up capital and more regulatory compliance but offers higher visibility and investor trust.
Hindu Undivided Family (HUF)
An HUF is a unique business structure under Hindu law. It’s formed automatically within a Hindu family and includes all members descended from a common ancestor. The head of the family (Karta) manages the HUF, and it’s often used for managing family assets or running family-owned businesses.
FAQ
Outsourced bookkeeping is the practice of assigning your financial record-keeping tasks to an external expert, reducing the need for a dedicated internal accounting staff.
When a professional handle the job, the results are accurate, error-free, and less risky. It also reduces the chances of penalties, demands, and notices from any government department.
By outsourcing your bookkeeping, you eliminate the need for lengthy hiring processes and avoid spending valuable time and money on training bookkeepers, accountants, or financial controllers. In short, you save time and can focus more on growing your business.
No. You actually have more control since you’ll have accurate, up-to-date financial statements at your fingertips.
If you expect your accountant to also visit the bank, dispatch goods, make coffee, and handle miscellaneous tasks throughout the day, don’t be surprised if they don’t stick around — chances are, they’ll resign sooner than you think.