Tax Services Chennai

Benefit of Starting a Business in India by a Foreign Nation NRI "Call Our Business Plan Experts at +91-72999-72500" In recent times, there has been an increased interest from non-resident Indians (NRI) in setting up businesses in the country. This is because the country offers many benefits like low-cost labour, a large population, a market without borders, and a developed economy which make it an attractive place to start a business. However, it is important that NRIs keep in mind the legal requirements and complexities of doing business in India. This article will provide an overview of the steps involved in establishing a business in India as a non-resident Indian. NRI s can start a company in the form of a Private Limited Company or a Limited Liability Partnership depending on the type of business they want to set up.  The first step in establishing a company in India is to get a DIN (Director Identification Number) which can be obtained by providing identit...

GST Registration for Small Business in India "Call Our Business Plan Experts at +91-72999-72500" With a streamlined tax filing process, the goods and services tax (GST) system has encouraged many small-scale start-ups and businesses to materialize in India. The new indirect tax regime has also eliminated multiple taxes, which reduces the intrinsic cost of products and brings in higher price efficiency for consumers. Getting GST registration for your business can help you avail of several benefits such as a collateral-free loan, reduced procedural fees and easier tax compliance. However, it is important to know if your business is eligible for GST registration before you apply. According to the GST law, all businesses whose turnover is above Rs 20 lakh (Rs 10 lakh in special category states) should register for GST. This includes both manufacturing and service sector businesses. Persons supplying goods through e-commerce platforms should also get registered...

Who is liable to Deduct and Pay TDS under the Income Tax Act?  "Call Our Business Plan Experts at +91-72999-72500" TDS stands for "Tax Deducted at Source". The purpose of TDS is to ensure that the Government receives taxes straight from the origin of income. The income tax act lays down that any entity making a payment which is liable to TDS (such as commission or brokerage, fees for technical services, rent of property etc) is required to deduct tax at the time of such payment and deposit it with the Government. This is done with an aim to prevent tax evasion and make sure that the Government gets its due share of taxes. The person who is responsible for deducting tax at the time of payment and depositing it with the government is known as a 'deductor'. On the other hand, the person who receives the payment after the tax is deducted is called a 'deductee'. Individuals who get payments such as salaries, fixed deposits, recurring d...

How Can I Register Udyam for a Private Limited Company?  "Call Our Business Plan Experts at +91-72999-72500" Getting a Udyam for a private limited company is easy with the help of professionals. Moreover, it is affordable and helps in getting the desired benefits for your enterprise. The online process is hassle-free and takes a very short time to get the registration done. This makes the Udyam process an efficient one that is available for entrepreneurs all over the country. You can file for the Udyam through an online portal that is unified with GST and Income Tax systems. This system will verify your investment (plant and machinery or equipment) and turnover details. It will then provide you with a permanent Udyam registration number. This will give you several benefits like direct tax exemptions, interest subsidies on bank loans and more. During the filing process, the portal will ask you to fill out some basic personal details including your PAN ...

How to Register a Digital Marketing Company in India  "Call Our Business Plan Experts at +91-72999-72500" The first step is to get the Expert Consultant registered as a private limited company, LLP or one-person company (OPC). You need to submit the required documents to the Ministry of Corporate Affairs (MCA). You should also apply for DSC and DIN (Director Identification Number) for your business. After that, you should purchase a domain name for your website and create it according to your business requirements. If you're planning to start your own  Digital Marketing Consultant Business India , then you have come to the right place. This article will guide you on how to register a Digital Marketing Company in India.  Once the mandatory documents have been verified, your assigned will apply for DSC and DIN registration. These are two vital registrations needed to open a bank account and complete other important tasks. They'll verify the same and the...

What Process for Limited Liability Partnership Registration in Chennai?  "Call Our Business Plan Experts at +91-72999-72500" As per the provisions of Section 55 along with Schedule II of LLP Act 2008, a registered partnership firm can convert itself into a Limited Liability Partnership. The entire process of conversion is simple, but there are a few important points that should be kept in mind. Firstly, the existing partners must ensure that the number of designated partners does not decrease in the process. Secondly, the share of the partners in the capital book should remain the same as it was on the date of the application. Lastly, the new Limited Liability Partnership Registration Process Consultant must obtain an NOC from the owners of the property in which it wants to establish its registered office. To initiate the process of conversion, a statement containing all the details that were mentioned in the original Partnership Firm's registrati...

Process for Partnership Registration in Chennai  "Call Our Business Plan Experts at +91-72999-72500" It is mandatory for all firms that are intending to do business in the state of Tamil Nadu to get themselves registered. The process for the same can be initiated by submitting the duly signed and authenticated partnership deed to the Registrar of Firms office. The Registrar will check the contents of the partnership deed to understand what the intent of the business is and then will record the same in the Register of Firms. After the same, a Certificate of Registration will be issued which will act as a legal proof for the firm in all the official transactions. The firm will also have to apply for a PAN Card which will help it in handling all the financial transactions. The procedure for registering a partnership firm is fairly simple and easy. To start with, the partners should submit the following documents to the Registrar of Firms office: Proof of a...