The monitoring of the tax is a very difficult task. You might have to face a lot of legal disputes if you fail to pay any particular tax in a given time. These disputes can harm your financial health as well as negatively affect your reputation. As you will come up with a different form of taxes like property tax, income tax, goods and services tax and so on, it is become very difficult to maintain the record of taxes you pay. Managing taxation becomes more crucial in the case of the business because business is your source of income and any disputes in business can ruin your source of income. Maintaining records of taxes incorporate is even harder. You should be well aware of the fact that business firms will have to pay several numbers of taxes and these tax rates to change very frequently. Mumbai is one of the metropolitan cities of India as well as a well-known business hub. The population of Mumbai makes the ideal place for starting up any business. It is very important to...