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FAQs
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What is the process to register a company in Chennai?
under the ministry of corporate affairs, every company is to be registered by the register of companies for the state this act maintains two types of companies called public and private companies the limited is the most commonly used corporate form at the end of the company name.There are 4 major steps to register in the companyACQUIRING DIGITAL SIGNATURE CERTIFICATE(DSC)ACQUIRING DIRECTOR IDENTIFICATION NUMBER(DIN)FILLING AN E-FORM OR NEW USER REGISTRATIONINCORPORATE THE COMPANYit is necessary to get registered yourself to run your business without any legal problem. India is a land of opportunities, no matter in which field your business is operating the changes of getting success is very high, so it just needs a start.follow this post we assure you on will end up in getting their business registered after following this procedureDIGITAL SIGNATURE CERTIFICATE:-DSC is a secure digital key that is issued by the authorities for the purpose of validating and signNowing the identity of a person holding this certificate. digital signatures make use of the public key to create a signatureDSC contains information about user name pin code, country, email address, date of insurance of certificate and name of the certyfying authority.DIRECTORS IDENTIFICATION NUMBER:-DIN refers to a unique identification number allotted by the central government to any person intending to be a director or an existing director of the company.it is an 8 digit unique number which has lifetime validity. through DIN details of directors are maintained in a database.NEW USER REGISTRATION:-This is about having a registered user account on MCA portal for filling an e-form, for online fee payment, for the different transaction as registered and business user. creating an account is totally free of cost. to register yourself on MCA portal clink on the link Ministry Of Corporate AffairsAPPLICATION OF THE COMPANY:-This is the final step in the registration of your company which includes incorporating the companyFORM 1:-# FORM- 1A: Application form for availability or change of company name. once you apply for a new company name, the MCA will suggest four different forms of your company name; you have to choose one among them to do the same you have to fill FORM-1A and submit.# FORM-1:- this is for application or declaration for incorporation of a company, in this form you have to fill the same name which you have chosen during application of FORM-1AFORM -18:-# this form is for the notice of the situation of a new company office or change of situation of previously registered office# for a new company you have to fill the form with genuine ofiice address and submit.FORM-32:-# for a new company this forms is for notice of appointment of new directors, managers, and secretary# for an existing company, this form is for change of directors, manager, secretary and company head.after submitting these forms, once the application is approved by MCA, you will receive a confirmation email regarding the application for incorporation of a new company. and the status of the form will get changed to approved.for further queries, you can go to our website as given on.https://virtualauditor.in/privat...
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What is the procedure to register a startup company in India and how much will it cost?
These are four major steps required to register a start up company in india :Acquiring Digital Signature Certificate(DSC)Acquiring Director Identification Number(DIN)Document required for a DIN :A. Identity Proof (Any one of the following) PAN CardDriving LicensePassportVoter ID CardOthers (to be specified)B. Residence Proof (Any one of the following)Driving LicensePassportVoter ID CardTelephone BillRation CardElectricity BillBank StatementOthers (to be specified)Filing an e-Form or New user registrationIncorporate the company Once your company has been incorporated you can open a Current account in any of the leading banks for carrying out your operations. You will need to submit a copy of Certificate of Incorporation and Memorandum of Association along with Borad resolution to open the bank account.Then you need to apply for TAN and PAN for the Company If your services are in Software related area you can apply for STPI license which will give you certain benefits like Company need not pay tax for 5 years, there will be no import or expurty duty levied on software/hardware,You will get office spaces at lower rates at STPI units. These are few of the benefits of becoming an STPI member.All this you can do on your own or you can outsource these to professional auditor. We did it through Auditor and it took almost three weeks (Upto Step 7 excluding STPI) and all charges(excluding sTPI) would approximately cost you Rs.25,000.
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What is best enterprise digital signature software?
How many users do you have? I imagine if you’re on enterprise level it must be above 500. If that is the case Ben Elliot has a strong point in looking at the cost of changing as well as how the companies are priced. Some are based on only signature lines, others are based on users - some is a combination and so on…As an enterprise you might also want to look into the history of the company. They’re still many new-born start-ups out there operating in the digital signature industry, who’s not yet above the proof of business stage. This puts your enterprise in great risk as you don’t know IF ...
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Is the PAN number necessary to apply for or use credit cards in India?
The Central Board of Direct Taxes (CBDT) has amended the income-tax rules and asked all banks to link the Permanent Account Number (PAN) or Form No. 60 (where PAN is not available) to all existing bank accounts by 28 February 2017, if not done already. However, the ‘Basic Savings Bank Deposit Accounts’ (BSBDA) are excluded from the necessary compliance norms of this rule.BSBDA are small bank account and they are subjected to various limitations. For instance: total credits in such accounts should not exceed Rs1 lakh in a year, the maximum balance in the account should not exceed Rs50,000 at any time and the total withdrawals (cash or transfers) should not exceed Rs10,000 in a month.If you have not yet provided PAN or Form No. 60 for your bank account, do so at the earliest to avoid unnecessary hassles later.The backgroundPost-demonetization, several amendments were made to track black money making its way into the banking system. In this regard, the know-your-customer (KYC) norms were made stringent.In a circular dated 15 December 2016, the Reserve Bank of India (RBI) put restrictions on some of the banking transactions where PAN or Form No. 60 was not available. In the circular, the RBI stated that, “No debit transaction, transfer or otherwise shall be allowed in accounts which do not comply with the KYC norms.”To begin with, these rules were made applicable to accounts where both the thresholds were signNowed: balance of Rs5 lakh or more; and the total deposits (including credits by electronic or other means) made after 9 November 2016, exceeded Rs2 lakh. Taking it further, now CBDT has amended the tax rules, and provided a deadline of 28 February to update PAN or Forms No. 60 in all the savings accounts, which are held with a bank or a post office.Besides that, the latest circular of CBDT also mandates banks and post offices to submit information in respect of cash deposited in savings accounts between 1 April 2016 and 8 November 2016, in accounts where the cash deposits between 9 November 2016 and 30 December 2016 exceeded the specified limits, .i.e., Rs2.5 lakh.Form No. 60 and PANForm No. 60, which can be used in place of PAN, can be downloaded from the website of scheduled banks or the post office. These are also available at the branches of banks and post offices. Form No. 60 is a self-declaration form, where a person not having a PAN declares that she does not have a PAN card.After this declaration, the account holder can do transactions in cash, such as depositing or withdrawing money from the account. A person furnishing the Form No. 60 needs to mention details such as: address along with a valid address proof, status of income tax assessment, and reason for not having a PAN.Though you can provide Form No. 60 instead of PAN to comply with the rules, it is better to get a PAN. Obtaining a PAN has been made easy by enabling the online application process.Online applications can be made either through the portal of NSDL (http://tin.tin.nsdl.com/pan/index.html) or the portal of UTITSL (http://www.myutiitsl.com/PANONLINE/). The application form has been enabled with digital signature certificate (DSC) and Aadhaar based e-signature. Aadhaar can also serve as proof of identity, address and date of birth.
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How do I register a startup in India? How much money and time does it take? If am currently only 17, what issues will I face dur
Algorithm for starting a Private Limited Company: Engineer's View Personally I believe, If someone is starting a company with long term perspective or to bring some change through their unique Product/Services, one must go for Private limited firm. Prime reason for this is easy to raise funds from Angels/VC in case you go for investment. Step 1. Registration of Company 1. Name Selection: Check whether your desired company name is available or not at MCA website [ http://www.mca.gov.in/ ]. Name must be unique & must resemble with business you intend to do (highlighted one). EX: Arihant Labs Retail Services Pvt. Ltd 2. Registration of Name at ROC: Name approval usually takes maximum of 14 days. This is done online through MCA website. Moreover, you need to apply with at least 4 names for approval with a writeup about significance of names with main business of the company. 3. 1. Documents Required: 2. 1. Options for names for the proposed Company (on the basis of preference) 2. Amount of Share Capital; proposed shareholding ratio 3. A paragraph on the proposed major line of business of the company (main objects) 4. City of Registered Office. 5. Copy of ownership deed/sale deed(if property is owned) 6. Copy of rent agreement with NOC (if property is rented) 7. Copy of latest electricity bill/telephone bill/mobile bill for both directors 8. Copy of latest electric bill/telephone bill for the registered office proof. 4. Obtaining DIN & DSC: 5. 1. Documents Required 2. 1. PAN Card copies for directors and shareholders. 2. Voter ID/Passport/Driving License for directors and shareholders. 3. Occupation of the Directors for directors and shareholders. 4. E-Mail IDs of all directors and shareholders. 5. Phone Numbers for all directors and shareholders. 6. Photos for directors and shareholders 6. Company Incorporation: After above mentioned formalities have been completed, we need to file following forms/docs in Rs 100 stamp paper: 7. 1. Affidavits for non- acceptance 2. INC 9, INC 10 3. DIR 2 4. NOC : This is required to be filed by the owner of the property on which your company will be situated. 5. Subscriber Sheets of MOA & AOA 6. Documents required for filling MOA & AOA 7. 1. Must be filled on OWN handwriting 2. Passport size photos 3. Sheets needs to be witnessed by CA/CS/Advocate Step 2. Obtaining PAN/TAN: After company gets incorporated, you may apply for PAN/TAN. Step 3. Trade Licence in case you are selling PRODUCTS: This is required in some places for carrying out sales. You can obtain this from local Municipality. Step 4. VAT/CST registration for selling Products: For selling intra-state, you need VAT registration & for selling inter-state, you need to register for CST. 1. Documents Required: 2. 1. Trade Licence 2. Company Incorporation Certificate 3. PAN card of company as well as of all the directors 4. Proof of residence of Directors 5. Proof of occupancy of place of business (Rent agreement/ ownership deed, Rent Bills etc) 6. MOA & AOA of company 7. Current Account in the name of company in any national bank Step 5. Service tax registration for Service Industry: In India, you need to pay service tax of 14.5% on every services you have charged customer for. 1. Documents Required: 2. 1. Company Incorporation Certificate 2. PAN card of company as well as of all the directors 3. Proof of residence of Directors 4. Proof of occupancy of place of business (Rent agreement/ ownership deed, Rent Bills etc) 5. MOA & AOA of company 6. Current Account in the name of company in any national bank That's All folks! Your STARTUP is up to Conquer the World. UPVOTE & SHARE your views/issues We at labkafe [ http://labkafe.com/ ], prefer taxmantra [ http://taxmantra.com/ ] for our legal requirements.
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What is the best Contract Lifecycle Management system (from your experience)?
Like others in this thread, I agree that it depends on the specific features your industry/company demands. Hopefully one of the following tools will suit your needs.We did a huge crowd-sourcing of the best sales tools out there in different categories. This list of contract lifecycle managementt tools might do some service here. These should help you get your email workflows to be more efficient and easier to track throughout campaigns.The whole list of all 157 tools in different categories is here —-> Sales Tools: The Complete List (2017 Update) | Sales HackerHere are the ones we highligh...
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What are the registration charges for house purchase including GST in Telangana?
Generally, the property or land registration procedure is the same in every state of the India; however, the percentage may differ. If you pay the registration charges, then you will be going to get the possession of the property. For that reason, there are some important steps that you should not miss at any cost. The process of buying the property remains incomplete till it is registered in the name of the owner. Once you have gone through it, you will be able to defend the property in case of frauds or disputes. Registering it with the state government and give the levied charges is also important. It is about the land registration charges.Telangana Registration Fees and Stamp Duty:At the same time, flat registration charges in Hyderabad/Telangana are interlinked to the registration charges. It means that the rates of both registration and stamp duty charges are dependent on the price of the property registered, or the ready reckoner rate like for flats or apartments that are under construction.According to the GST, the initial two-service tax and VAT will be included and the new rate will be twelve percent from the current 5.75 percent. As the registration charge is a state subject, stays the same taking the total sum of the tax to 18.1%. The explanation of taxes for building materials will be included in the costs. That means, the compliance costs will go higher that will be moved to the customers. Based on the GST terms, it is an important thing to pay registration charges for apartment build-up area, land, and undivided share of land. A customer will have to experience the Telangana stamps and registration process while registering the property.Required Documents Needed For To Buy/Sell Property :To meet the legal needs and get the property registered, it is important to have the legal documents required for the purchase of a property. You need to present the below-mentioned documents at the time of the property registration:DD or Challan that proofs the payment of the full stamp duty Telangana, registration fee, transfer duty and user charges.Two witnesses, who will recognize the parties and ID cards with photos of these individuals.A photograph that captures a frontal view of the property.Section 32A photo form of witnesses or claimants or executants.Witnesses and executant’s address proofSPA or GPA, if any in original along with the Photostat copyLink document copiesYou can also submit e-challan registration Telangana. You must give all the original documents that bear a signature of all parties. The government has provided an apartment or flat registration and plot registration documents along with property registration charges online so that people can save a lot of time, making the overall procedure quick and easy. On the web, you can also come to know about the gift deed and non-occupancy charges.Now, the main thing to know is that how to calculate registration charges on property in Hyderabad, read as follows:Property value- Rs.10 lakh (Example)Stamp duty payable= Property value*4/100, registration fees= Property value*0.5/100, transfer duty= Property value*1.5/100Total cost-Rs. 100000 + 40000 (stamp duty paid) + 5000(registration fees) + 15000(transfer duty)= Rs. 10,60,000Wazzeer - Smart Platform for Legal, Accounting & Compliance services.
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How do I do my tax filings and TDS return for the first time in India?
This question comprises of two different topics, and thus, for a comprehensible answer it should be clarified in two separate parts.There are two modes for filing both the Income Tax Returns and TDS – Online and Offline. Since the online mode is profitable in every sense, we will follow this process for filing both ITR and TDS.Part A- Filing Income Tax ReturnDo remember to keep all the relevant documents handy like, PAN Number, Registered Mobile Number, Aadhaar Card Number, Form 16, bank A/c Number, Investment Proofs, Property Details, Form 16 A / TDS Certificate, etc. and follow the below steps-Visit the Government e-filing website: incometaxindiaefiling.gov.in and choose Register Yourself / Login. (If you are a new user, first click on ‘Register yourself’, but if you are an existing taxpayer then go directly to ‘Log In’. Your PAN will be your User ID and the password has to be set on your own. Never forget to enter the Captcha Code.Now, go to e-File and click on "Prepare and Submit ITR Online".Select the right Income Tax Return Form and also the appropriate Assessment Year.Fill in the details properly, cross check them carefully and now finally click the "Submit" button.Upload Digital Signature Certificate (DSC), if applicable. (Please note it that DSC must be registered with e-Filing).Click on "Submit" button (if point 5 is applicable).If the Return is not uploaded with DSC, ITR-V would be displayed. Just click on the link and download the ITR-V. This ITR-V Form should be printed, signed and submitted to CPC within 120 days from the date of e-Filing. The return will be processed only upon receipt of signed ITR-V. (Please check your emails/SMS for reminders on non-receipt of ITR-V).OR,If the ITR is uploaded with DSC (Digital Signature Certificate), the Return Filing process is complete.Part B- Filing TDS ReturnWith the advent of e-TDS, the TDS Return filing process has become quite easy and convenient. Following the below steps will help you execute the entire activity successfully and easily.Things to Remember:The user must hold a valid TAN which should have been registered in e-Filing.The Statement should be prepared through the Return Preparation Utility (RPU) and validated using the File Validation Utility (FVU).The utilities can be downloaded easily from TIN-NSDL website (https://www.tin-nsdl.com/).Valid DSC (Digital Signature Certificate) should be registered in e-Filing. (In order to upload using DSC).Pre-validate Principal Contact’s “Bank Account/Demat Account details or just link Principal Contact’s PAN with Aadhaar. (In order to upload using EVC).And now, follow the below-mentioned steps:Visit the Government e-filing website: incometaxindiaefiling.gov.inEnter User ID (TAN), Password, and Captcha. Click on LoginGo to TDS section and Upload all the TDS details.In the provided form, select the appropriate statement details from the drop down boxes for – FVU Version, Financial Year, Form Name, and Quarter Upload Type.Click on Validate to Validate Statement details.“Upload TDS ZIP file”: Upload the TDS statement (Prepared using the utility downloaded from TIN-NSDL Website).“Attach the Signature file”: Upload the signature file generated using DSC Management Utility for the uploaded TDS ZIP file.Now click on the “Upload” button. And, once the TDS is uploaded, a success message will be displayed on the screen automatically and a confirmation mail will be sent at the same time to the registered email id.Now, the user has to click on “Click here to E-Verify” button in order to e-Verify TDS. (Taxpayers are provided with three options to e-Verify).“Option 1- “I already have an EVC to e-Verify the Form”. (If you already have it then fine, otherwise any of the other two options can be chosen as per your convenience).Enter the EVC (sent on your registered Mobile Number) and click on “Submit”.Viewing the Filed TDS Statement is highly recommended. The processes are as follow-Login to e-Filing, Go to TDS and then to View Filed TDS.In the form provided, select the details from the drop down boxes for Financial Year, Form Name and Quarter respectively for which the TDS was uploaded.Click on “View Details”.The status of the TDS uploaded is displayed. (Upon validation the status will be either be “Accepted” or “Rejected” and would be reflected within 24 hours from the time of upload.)If it shows “Accepted”, click on the Token Number to view the Statement Details and download the Provisional Receipt.Hope you would have found this answer easy to understand and quite helpful.
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