Definition
Tax filing is the process of submitting tax returns and related documents to the relevant tax authorities to report taxable income, calculate taxes owed, and claim deductions, credits, or refunds. Tax filing requirements vary by jurisdiction and taxpayer status, and they typically involve completing and submitting tax forms, schedules, and supporting documentation by specified deadlines to comply with tax laws and regulations.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.