INCORPORATION OF COMPANY (Company Registration ):
Incorporation of company is nothing but starting a new formation with legal process. The word came from Latin. Which means body .incorporation is an artificially created lawful object that exists separate and apart from those persons who created it and carry on its processes. Incorporation contains enrolling legal documents called "Articles of Incorporation" this is the primary steps of the new business establishment, incorporation of company contains name of the business, where its location, what is the business type, directors information etc. in India ministry of corporate affairs- government of India (MCA) will take care the all this things.
PAN (PERMANENT ACCOUNT NUMBER) CARD:
Today in India PAN CARD (Permanent Account Number) is very important part of all financial transactions to such as individual are a company’s .It is a unique 10-character alpha-numeric identifier. In the same mode it is commonly recognized photo identity and as well as address proof too. It is proof of identity for Indian citizens, particularly those who pay Income Tax. The PAN is must and should for opening a bank account, purchase and sale of assets, TDS Deductions for a individual. It is a unique to each individual and is effective for the life time of the holder. PAN Card in India issued on 1972 by Income tax department. Purpose of it identification and income tax.
VAT (VALUE ADDED TAX) Registration: & TIN (TAX IDENTIFICATION NUMBER) Registration:
VAT registration is mandatory for enterprises that make a turnover of more than Rs.5 lakh by selling goods and services. All such enterprises are required to register in their respective states of operation. Registering for VAT is necessary for enterprises in order to start paying VAT. On registration, each trader is given a unique 11-didgit registration number which is used to for all communication regarding VAT and its filing. Oneclickfin will make available for this facility by online.
Like Permanent Account Number or PAN is an identification number for individual taxpayers, similarly, TIN Number is an identification number assigned to business enterprises for tracking their transactions. Tin is basically required for all entities that are registered under VAT for trade of goods and services. The idea behind the move is to integrate at a single place all tax-related information of business enterprises operating in various states and carrying out inter-state as well as intra-state transactions.
TIN Number is required for business enterprises and is assigned by the Income Tax Department for monitoring transactions and attributing them to various business entities. TIN Number consists of 11 characters out of which the last two depict the state of the applicant. All business dealers who seek to register under VAT or the Central Sales Tax (CST) are furnished a TIN by the IT department. The biggest concern for TIN applicants is how to fill up the TIN application form and where to submit it and how to get it. However no need to worry our representative comes to your rescue which purifies efficient service to customers.
SERVICE TAX REGISTRATION:
Now a day most of entrepreneurs organizing service based business like marketplace of online marketing or apps based or classified websites or many more but they don't know about the what is service tax registration which is applicable on their business. Service Tax Registration is a Central Tax Registration which is applicable on service based business such as restaurant or financial service provider etc. it is an indirect tax on a wide services specified by the central government under the finance Act, 1994.The service provider pays the tax and recollect the amount from customer. So to pay the service tax to central government service provider must and should registered with the central government .at present service tax is 15%.
TDS (TAX DEDUCTED AT SOURCE) e-FILING:
TDS or Tax Deducted at Source is a means of secondary tax collection by Indian authorities according to the Income Tax Act, 1961. TDS is managed by the Central Board of Direct taxes (CBDT), which comes under the Indian Revenue Services (IRS). Income and expenditure such as salary, lotteries, interests from banks, payment of commissions, rent payment, payments to freelancers, etc. fall under the ambit of TDS. When making payments under these sections, a percentage of the overall payment is withheld by the source that is making the payments. This source, which can be a person or an organization, is known as the Deductor. The person whose payment is getting deducted is called the Deductee. For instance, a deductor is the employer paying salary to an employee (the deductee). Oneclickfin will make available for this TDS facility by online.