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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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How do I register my company and logo in India?
Incorporating a company in India is slightly difficult than you may think. Its better you hire a CS, CA or a Lawyer to do it for you. Nonetheless, here is the process:(1) Obtain DIN (Director Identification Number) from Registrar of Companies, Ministry of Corporate Affairs of all the proposed Directors in your Company. (2) Obtain DSC (Digital Signature Certificate) from any of the authorities recognised by Registrar of Companies of all the Directors. (3) Apply in a prescribed format to the Registrar of Companies for the approval of name of your company. You need to provide a minimum of 5 options to the Registrar in this form.(4) Once you receive the name approval from the Registrar of Companies, you need to file the following documents with that office: (a) Memorandum of Association(b) Article of Association(c) Form 32 (Details of Directors)(d) Form 18 (Registered Office details)(e) Form 1 (Compliance with the Act) FEESThe official fees for which you will receive receipts (for a Company with an Authorised Capital of Rs 1 lakh) will be approximately Rs 11,000. Rest of it will be the fee of the working professional. On an average you're likely to spend Rs 5000 to Rs 10000 in addition to the official fee, so that the total price comes out to somewhere between Rs 16000 and Rs 21000.TIME FRAMEIf everything goes smoothly, you can register your Company within 20 to 30 days. However, if an objection is raised on an issue, it may take longer, as well. Good luck!Nitin
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What is business model for e commerce?
Business - to - Business (B2B)Website following B2B business model sells its product to an intermediate buyer who then sells the product to the final customer. As an example, a wholesaler places an order from a company's website and after receiving the consignment, sells the end product to final customer who comes to buy the product at wholesaler's retail outlet.Business - to - Consumer(B2C)Website following B2C business model sells its product directly to a customer. A customer can view products shown on the website of business organization. The customer can choose a product and order the ...
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I have lost my PAN card and I also forgot my PAN number. What is the procedure to reissue a PAN card?
As you have lost your PAN and you are not aware of your PAN details, the first thing you should do is search for your PAN number from Know Your PAN facility of income tax website and after you are aware of your PAN details you should make an application at NSDL website or by submitting a physical form. Both the process are explained below in details- It is possible to search the details of your Pan Card on the income tax website. To check your PAN card details Online, you can use “Know Your PAN” service provided by Income Tax Department. Steps to know your pan details.- * Browse to income tax website * Click on know your PAN as shown in the image below. * Fill in the required details ( Surname, Status Date of Birth and mobile numbers are mandatory) . Mobile number registered with the PAN Card is to be given. * Enter the OTP received on the registered mobile number. * You can get the detail of your PAN and Jurisdiction as shown in the image. You can make an application for E-Pan card which will be sent to you by mail or you can also apply for a physical PAN card. The applicant is only required to fill and submit the online application form along with online payment of the respective processing fee Steps to apply for PAN card * Visit the NSDL website * Select "Request for New PAN Card or/and Changes or Correction in PAN data" as Application type ( if PAN number has already been issued to you and want a fresh Pan/E-pan or want to make correction) and fill your status. * Fill in rest of the information asked such as name, and date of birth. Information marked with an asterisk sign has to be filled in mandatorily. It is mandatory to mention the email id in case of application for an E-PAN card. * A token number will be generated and same will be sent to your email id (But the same must be noted ). Click on continue with your Application. * A new page will appear on your screen. There will be three options asking you how you want to proceed with your application. To apply for E-PAN you must select No to the question “Whether Physical Pan is required?”. ( as shown in the image) ( Please check Note) * Enter your details such as Aadhaar number, parents name, etc. Aadhaar number is mandatory if you have choosed e sign and e KYC as an option. * Once you have filled all the relevant data, click on 'Next'. A new page will appear asking you to fill in Contact & Other details . * After you have filled the same you will be asked for document that you will submit as proof. As a proof of PAN you can submit Copy of PAN Card , Allotment letter. In case you have lost your PAN you must select no documents. * You will be required to give a declaration . Then you have to click submit. * You will be ask to recheck your application and you will be asked to make payment .You can pay using your debit or credit cards, Net banking . * Once you have made the payment, you will be required to undergo the Aadhaar authentication process. If your Aadhaar authentication process is successful,then a 15 digit unique acknowledgement number will be generated. * You will receive E PAN on your email after your application is processed or the physical PAN will be sent to your address Note- * There is a paperless facility called e-KYC and e-sign where your Aadhaar details will be used. You don't have to upload images such as photo, signature or other supporting documents. Your Aadhaar photograph will appear in your PAN if you use the e-KYC and e-sign facility. * There is a second method which is a standalone e-sign facility where you are required to upload your photograph, signature (in black ink) and specified supporting documents in a prescribed format.
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Can I file ITR without any prior tax declaration?
Yes, you can file ITR without any prior tax declaration.In case you just have crossed the exemption limit i.e. 2, 50,000 and you have become liable to file ITR this year without any prior tax declaration.Or it can be a case where you have just started earning, and will going to file an ITR from the current financial year only.And you can file ITR by following the steps below:Register yourself: To e-file your income tax return, first you have to get registered on the Income Tax department online tax filing website. You have to provide your Permanent Account Number (PAN), name and date of birth and choose a password. Your PAN will be user ID.Choose how you want to e-file: There are two ways of e-filing your income tax return. One is to go to the download section and select the requisite form, save it on your desktop and fill all the details offline and then upload it back to the site. Or you can choose to fill the form online by selecting the Quick e-file option.Select the requisite form:ITR-1: For individuals earning the salary, pension, or income from property or sources other than lottery.ITR-2: For those earnings capital gains. ITR-2A for those owing more than one house but no capital gains.ITR 3,4 and 4S: Professionals and business owners. Form 4S has now been discontinued and merged with ITR-4.Keep documents ready: Keep your PAN, FORM 16, interest statements, TDS certificates, details of investments, insurance and home loans handy. Download form 26AS, which summarizes tax paid against your PAN. You can then validities your tax return with form 26AS to check your tax liability.If you earn more than Rs. 50, 00,000, from this year you will have to fill an additional column – “AL’ or assets and liabilities. You will have to disclose the value of your assets and liabilities and assets have to be declared at cost.Fill form and upload: If you had chosen to fill the form offline, after you have downloaded the form and filled all the details, click on “Generate XML”. Then go to the website again and click the “Upload XML” button. You will have to first log into, upload the XML file saved on the desktop and click on submit.Verify ITR V: On submitting your ITR form, an acknowledgement number is generated. In case the return is submitted using the digital signature, you just have to preserve this number. If the return is submitted without the digital signature, an ITR V is generated and sent to your e=mail Id.The tax filing process is incomplete and ITR is invalid unless your ITR V verified. You can electronically verify or mail the signed ITR V to the processing team in Bangalore within 120 days of filing the return.You can also file your income tax quickly and easily through site allindiaitr.com, which is a government approved intermediary. All India ITR has a team of certified CAs and Tax expert who will take care of all your tax filing needs. The date shared is safe and secure.
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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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How do we file IT returns? How do I pay income tax?
Income Tax ReturnsRegistration OnlineAn individual must register themselves on the e filing website to file their income tax returns. The process of registration is described below:Visit the official e filing websiteClick on the Register YourselfSelect the User TypeClick on ContinueEnter the basic details like name, date of birth/date of incorporation, PAN details, email ID and mobile number.The details provided by you will be verifiedThe registration form will open.Fill out all the mandatory details that need to be filled on the registration form such as password, personal details/principal contact details, contact details, current address etc.Subscribe to emails, alerts, reminders and notificationsFill up the Captcha CodeClick on the ‘Submit’‘Registration Successful’ will show on the screenAn activation link will be sent to your email ID and OTP will be sent to your registered mobile number.Click on the activation link or use the OTP sent to your registered mobile number, to complete your e-filing registration process.E filing Income Tax OnlineNow your ready to access your e-filing website.For e-filing income tax online, you must follow the steps described below:Login to e-filing website using your user ID, password, date of birth/date of incorporation and captchaGo to e-file and click on ‘Prepare and Submit ITR online’Select the ITR 1/ITR 4S form and the Assessment Year. You must note that only ITR 1 and ITR 4S can be e-filed onlineFill in the details and click on ‘Submit’ buttonUpload Digital Signature certificate, if applicable.Please ensure that your DSC is linked with your e-filing.Click on ‘Submit’ buttonOn successful submission, if the ITR is submitted along with the DSC, ITR-V will be displayed. Click on the link to download ITR-V. The ITR V form is also sent to your registered e-mail IDIf the ITR is submitted along with DSC, then it should be printed, signed and sent to CPC within 120 days from the date of e-filing. The return will be processed only upon the receipt of signed ITR-V.e-payment (Pay Income Tax)Visit e-Payment for TIN (tax information network initiated by the income tax department) or visit the official website of Income tax department and select ‘tax services’ on the top right section of the webpage. After navigating to the section on the right in tax services, select tax information and services>tax payment>pay taxes online.Select the relevant challan i.e, ITNS 280, ITNS 281, ITNS 282, ITNS 283 etc, as applicableEnter the PAN/TAN details.Online check regarding the validity of the PAN/TAN details initiated.If the PAN/TAN details provided by you are valid, then fill up other details on the challan like- accounting head under which payment is to be made, name and address of TAN and the account number from which payment is to be made.Click on submit.Check the details on the challan and click on confirm.Once , you’ll be redirected to the netbanking website of your bank.Login to your netbanking account by using your user ID and password.Enter your payment details on the bank’s website.On successful payment, you’ll be receiving a challan counterfoil with details like CIN and bank’s name through which e-payment has been made. (The challan counterfoil is a proof of your e-payment, so you must keep it safe!)Take a print out of the duplicate challan for future reference.
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What is eCheck processing, and how does it work?
An E-check is a check similar to a paper check, it is a form of transaction in a digital or electronic wayAs compare to a paper check, E-check needs all standard information like bank account number, Account name, routing number & also a signature to submit echeck payment processing.Submitting & processing of E-check are in the same way as of paper check but in E-check, more security & more features are included. Processing time for E-check is much faster than Paper checkLet's Discuss some of the Benefits for having E-check processing payments1. Lower CostThe Cost of processing Electronic check payment is much lesser than compared to a normal paper check.2.Time-savingThis is a most prominent feature of having E-check Payment, when you use echeck for payment they save your lot of time as you don't need to carry your checkbook with you all the time & also you don't have to visit the bank physically, you can do it by through the software anywhere anytime.3. Reliable & securityThese are extremely safe as compared to paper checks. They come with an encryption benefit which will verify your account number, amount of money going to be paid through the accountIf you want to know more about Echeck Services Then Visit “ https://www.echeckdeposit.com “ its an echeck payment services Site that help everyone to pay payments onlineALSO READ ABOUT: The online transactions which are easy and quick- e-check depositsI Hope this answer helps you alot in knowing about Echeck processingTHANKSMAYANK SINGH
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