Company Registration in Chennai

Is it Necessary to Register a Start-up in India? "Call Our Business Plan Experts at +91-72999-72500" Once your business has been incorporated, you can begin the process of enlisting it with the Start-up India program. The program offers a variety of benefits to startups that can help them attract investors and grow their businesses. Some of these benefits include tax exemptions, access to government funding and incubation support, and reduced fees for trademark registration. However, in order to qualify as a startup Register , your business must meet certain criteria. For example, it must be less than ten years old and your company's turnover can't exceed Rs 100 crores. You also must have a scalable business model and a plan to create job opportunities. The first step is incorporating your business as either a private limited company or an LLP. This requires following the normal procedure for registering a new firm, including getting an incorpo...

Successful Business Ideas for Small Business Entrepreneurs in India "Call Our Business Plan Experts at +91-72999-72500" India is a growing emerging market with a strong tradition of business and wealth creation. As the world's largest democracy, it has no shortage of potential entrepreneurs. However, many new business owners struggle to succeed.  The key to success is proper planning and adequate funding. Here are some Successful Business Ideas for Small business entrepreneurs in India: Identify a gap in the market One of the biggest mistakes that entrepreneurs make is developing a business that doesn't actually have a market. Before you even think about making a financial plan or choosing a name, you need to know who your audience is and how your product will fit into their lives. This will help you narrow down your ideas and focus on the ones with the highest potential for success. It will also help you avoid investing in a business that...

10 Common Mistakes to Avoid While Filing GST Returns in India "Call Our Business Plan Experts at +91-72999-72500" Filing GST returns is a complex task that requires compliance with numerous rules and regulations. Even a single mistake can lead to penalties and financial losses for taxpayers.  Considering that the new GST system has brought about a drastic change in indirect tax laws, it is imperative for taxpayers to stay updated and familiar with the changes. They should also seek professional assistance to ensure smooth and hassle-free filing of GST returns. This article highlights 10 Common mistakes to avoid while filing GST Returns inIndia . Wrong GST Heads Taxpayers should always double-check their invoices and expense entries to make sure that they are paying taxes under the correct GST heads. Incorrect GST head payments can result in a negative balance in the Electronic Cash Ledger and attract penalties. Improper Input Tax Credit Claims ...

Importance of Startup India Registration "Call Our Business Plan Experts at +91-72999-72500" Startup India Registration is an initiative by the government of India, to promote entrepreneurship and innovation. This initiative enables startups to self-certify compliance with certain labour and environment laws. The registration process is simple and affordable. It can help your business receive more funding and investments from investors as it provides a sense of legitimacy to the company. It also helps protect your intellectual property from being used without permission by others. To qualify as a Startup Registration , your business must be a private limited company or a limited liability partnership, with the ownership in the hands of Indian citizens or entities. It must also be a new firm, not older than five years, with a total turnover of less than 25 crores. Additionally, it must have approval from the Department of Industrial Policy and Promotion (DI...

Benefit of Starting a Business in India by a Foreign Nation NRI In recent times, India has seen an increase in foreign investments into the country due to its booming economy and plenty of opportunities for businesses of all sizes.  The country's diversified labour force, affordable operational costs, comprehensive tax systems and government initiatives have made it an attractive place to start a new business. However, setting up a business in India for NRIs , Foreign Nationals or Foreign Companies can be complicated and time-consuming. Firstly, NRIs need to decide which type of business they want to form. They can choose from a private limited company, limited liability partnership (LLP) and other formats. To form a company, NRIs need to submit documents like their passport details, proof of address and identity. This will need to be verified and attested by the Indian Embassy in the country they are residing in. This process is not only time consuming but ...

GST Registration for Small Business in India "Call Our Business Plan Experts at +91-72999-72500" The Goods and Services Tax (GST) is a single tax system that brings all indirect taxes like excise duty, value added tax (VAT) and service tax under one umbrella. It has simplified the compliance process and streamlined the tax administration in India, especially for small businesses. GST registration is a critical step for any small business to grow, as it allows them to claim input tax credit (ITCs) against their purchases of goods and services, which can be used as credits towards future GST payments. Also, GST compliant SMEs are eligible to secure collateral-free loans from banks, which makes them more competitive in the market. As per recommended guidelines, a business should register for GST if its turnover is above 10 lakhs in special category states and 40 lakhs in other states. It should also register if it is providing interstate supplies, if it ...

Who Is Liable to Deduct and Pay TDS Under Income Tax Act? The purpose of TDS is to make sure that there are no people who try to evade paying taxes. This is done by ensuring that a person or entity deducts the tax from the payment and deposits it with the government. TDS is applicable to various types of payments such as commission or brokerage, fees for technical services, professional services, rent and royalty. If any of these payments are not deposited with the government on time, it attracts interest and penalties. Depending on the type of payments, different TDS rates are applicable. In order to find out the rate at which TDS is applicable for a particular type of payment, you can visit the official website of the income tax department. This is where you can also check if your TDS is deposited or not by viewing your Form 26AS and AIS. In case of salaried class individuals, employers are obligated to issue them with Form 16 which mentions the amount t...

How Can I Register Udyam for a Private Limited Company?  "Call Our Business Plan Experts at +91-72999-72500" To register your Private Limited Company for Udyam (MSME) Registration in India, you can follow these steps. It's advisable to seek assistance from an MSME Registration Consultant to ensure accurate and hassle-free registration. Here's a guide using the keywords you provided: 1.       Engage an MSME Registration Consultant in India: Hire a knowledgeable MSME Registration Consultant who specializes in assisting Private Limited Companies with Udyam Registration. 2.       Prepare Required Documents: Collect essential documents, such as PAN card, Aadhaar card, business address proof, and details of the company's activities. Work closely with your consultant to ensure all documents are in order. 3.       Consultation and Information Gathering: Collaborate with your chosen MSME Registration Consultant to provide the necessary details about your Pr...

How to Register Your Business in Tamilnadu  "Call Our Business Plan Experts at +91-72999-72500" If you wish to do business in India then you must register your entity with the Ministry of Corporate Affairs as Private Limited (Best Suitable for Start-up) or Limited Liability Partnership. The process begins with acquiring a Digital Signature Certificate for the Directors of the proposed firm and filing an e-Form. Then you need to acquire a Director Identification Number (DIN) and file an e-Form. Then you need to submit the required documents to the Registrar of Companies. After that Individual notices are sent by post to the creditors/debenture-holders/State Government. A company can be incorporated as a Private Limited (Best suitable for Start-ups) or Limited Liability Partnership . The process of incorporating the firm is to acquire a digital signature certificate for the directors and register the same with the Ministry of Corporate Affairs. Once the a...