Power Of Factorial Business Solutions - Top Auditors & Tax Consultants.

  In today’s dynamic and regulated business environment, navigating the maze of registrations, licenses, taxes, and compliance can be overwhelming for any entrepreneur. That’s where Power of Factorial Business Solutions , headquartered in K R Puram, Bangalore , steps in as your dependable partner. We are not just a consultancy—we are your business enabler , your registration specialist , and your compliance guide , all rolled into one. We Don’t Just File. We Empower Businesses. Whether you’re starting a proprietorship or scaling a private limited company, we understand the challenges of managing registrations and staying compliant. At Power of Factorial, we focus on simplifying processes, reducing delays, and helping you stay audit-ready—all while you focus on growing your business. Full-Spectrum Business Services Under One Roof Our service bouquet covers all essential legal, tax, and statutory needs of a business. Here’s a snapshot of what we deliver: 1. Business Formation ...

  MSME registration, now known as Udyam Registration, is a government initiative that aims to promote and support micro, small, and medium enterprises across India. In an economy as dynamic as ours, MSMEs are the true game changers—contributing significantly to employment, exports, and innovation. Recognizing this, the Ministry of MSME revamped the registration process in July 2020, introducing a simplified, paperless, and free-of-cost online system under the name "Udyam Registration." One of the biggest reasons why businesses should consider MSME registration is the wide array of benefits that come with it. Registered MSMEs enjoy access to collateral-free loans under various credit guarantee schemes, priority in government tenders, protection against delayed payments, subsidies on patent and trademark registration, and even concessions on electricity bills. These incentives are not just financial—they're strategic, designed to help businesses grow sustainably in a compe...

 Unified Payments Interface (UPI) continues to revolutionize digital transactions in India, processing over 18 billion transactions worth ₹24.77 lakh crores in March 2025 alone. As usage surges, users must stay updated with the latest UPI transaction limits across banks, sectors, and payment types. Let’s dive deep into the updated UPI rules for 2025 , including new caps, specialized limits for sectors like education and healthcare, UPI Lite updates, and changes implemented by the NPCI (National Payments Corporation of India). What Is the Standard UPI Limit in 2025? As per NPCI guidelines, the default UPI daily limit is ₹1,00,000 per user per day. However, individual banks may impose lower or higher limits based on internal risk assessments and customer profiles. Standard UPI Daily Limit: ₹1 lakh Per Transaction Limit (for UPI 123Pay): ₹10,000 Max Transactions Allowed Per Day: 20 High-Value Transactions Allowed via UPI To support critical payments, UPI allows ...

 If you're a business owner in India, understanding and complying with GST (Goods and Services Tax) regulations isn’t just a legal necessity—it’s a business-smart move. GST registration provides credibility, access to formal markets, and financial benefits that can directly impact your growth and reputation. Many small businesses hesitate to register under GST, especially if their turnover is below the threshold. However, voluntary GST registration opens doors to opportunities that are otherwise inaccessible, such as serving corporate clients, listing on e-commerce platforms, and claiming Input Tax Credit (ITC). Let’s break down why GST registration matters. First and foremost, it gives your business legal recognition. Once registered, you receive a unique GSTIN (Goods and Services Tax Identification Number), which you can proudly display on invoices and documents. This not only builds trust with clients and vendors but also shows that your business is transparent and compliant ...

 When it comes to running a successful business, an accountant is not just an asset—they’re a necessity. From managing daily transactions to providing strategic insights, accountants wear many hats. In a rapidly evolving financial landscape, their responsibilities have expanded beyond just bookkeeping. Whether you run a startup, an MSME, or a large corporation, knowing what your accountant should handle is essential for compliance, growth, and sustainability. Let’s explore the top 10 key responsibilities of an accountant that every business owner should be aware of. 1. Accurate Financial Record Keeping The most fundamental duty of an accountant is to ensure all financial transactions are recorded accurately. This includes purchases, sales, receipts, and payments. These records form the backbone of financial reporting and are essential for audits, taxation, and performance analysis. 2. Preparing Financial Statements Accountants are responsible for generating the company’s core f...

 The financial year 2025-26 brings significant tax changes that impact individuals, businesses, and investors. From revised income tax slabs to updated TDS and TCS rules, these modifications will affect tax planning strategies. Here's a complete breakdown of the key updates effective from 1st April 2025 . 1. New Income Tax Slabs for FY 2025-26 The new income tax regime is now the default option, but taxpayers can still opt for the old regime by filing Form 10IEA . Below are the revised income tax slab rates : Up to ₹4 lakh – NIL ₹4 lakh – ₹8 lakh – 5% ₹8 lakh – ₹12 lakh – 10% ₹12 lakh – ₹16 lakh – 15% ₹16 lakh – ₹20 lakh – 20% ₹20 lakh – ₹24 lakh – 25% Above ₹24 lakh – 30% The standard deduction has also been revised: Old Regime : ₹50,000 New Regime : ₹75,000 Additionally, Section 87A rebate has been modified: Old Regime : Rebate of ₹12,500 for eligible taxpayers New Regime : Rebate of ₹60,000 for incomes up to ₹12 lakh 2. Capit...