Let the Experts Take Care of Tax Filings and Company Licensing

The Commercial market is no place for a child to play, and when a young entrepreneur enters the market, all the big names of the business makes sure that he learns that lesson right away.

The concept of startups has taken a firm grip in India after capturing the western countries, but the problem comes when people don’t know about the legal issues that are involved in running a business, there is a reason why it is difficult to stay in the business. If you are not in complete sync with the Indian Law then it doesn’t matter if you are selling something unique or belong to a business family.

You need people who can help you in building your business from the ground up and take care of all your legal issues. This not helps in making you concentrate on your services but also keeps your business in accordance with the law. Registration of your business is an important part of any business, and to pay the taxes on time is even more important. This helps the government to know that you are working lawfully and withing your business jurisdictions.

There is no shortage of Chartered Accountants and Registration Services in India but to make everything effective and reliable, you need people who can understand your business vision and keep your company relevant in the market by constantly looking out for you.

A team of chartered accountants and licensing officers who have in the industry for many years is Rajpal Singh & Associates. They are known for completely taking care of legal work of their clients when it comes to their business and company structure. For anyone who is looking for a reliable and experienced Income Tax Consultant in Gurgaon , then Rajpal Singh & Associates can provide them with one.

The team has a number of talented and dedicated agents who have been in the industry for many years and are aware of all the combinations and permutation of Indian Law. Along with providing Service tax registrations in Gurgaon , they are also responsible for taking care of Company Auditing, VAT, Accounting Services, Bookkeeping, Income Tax Filing, Company Certification, Investments, Annual and Project Reports, etc.

All the services that they provide are strategically put together after carefully consulting the clients so that everything is done according to their needs; something which can’t be said about other similar service providers in the city at the moment.

Tax Saving Plans In India And Registration Of Private Company

Indians generally goes for various schemes of investment to avoid paying taxes . These schemes are generally in form of investment in various funds , tax saving devices etc . There are some popular devices for investment to save the tax . Some of these devices are mentioned here .

Public provident fund is one of the popular methods under the sector 80 cc . The investment made under this plan not only saves income tax but also assures retirement fund . The interest rate under this fund is very high , at around 8.7 %. the investment under this plan can be made by everyone as the investment required initially is very low , as low as 500 rupees and maximum can be 150,000 rupees annually .

Equity linked saving scheme comes with lock in period of 3 years . Since these investment are made in stock markets there are fluctuations in the market , which affect the investment in this plan . If a person is not able to invest in the equity linked saving , then , the best option is bank deposit , which is fixed and is tax saving also . The tax benefits under this scheme come under 80 cc . The amount deposit under the tax saving schemes can be deducted from the income and thus the income for tax is reduced , which in turns reduces tax liability .

Senior citizens of India Income Tax Consultant in Gurgaon can go for saving scheme for seniors , which gives very high returns at 9 percent . This scheme is backed by the government of India and is a good option for senior citizens .

There are various insurance plans on which the premium paid comes under 80 cc provisions . In these scheme , the individual can avail the deduction up to 150,000 rupees . One can also invest in the schemes depending on the risk that investor is willing to make .

Insurance and tax saving devices together comes in ULIP . Here , one gets insurance along with tax saving instruments .

Company registration process Company registration consultant in Gurgaon for private company is been made simple now that many online companies are providing faster services . The once registration is over , the private limited company , can increase its borrowing capacity , can transfer its shares to any other person , and can acquire any property under its name . After registration , the company becomes legal entity under the Act . The company can keep property and incur debt.

The best tax consultation and registration in Gurgaon

Income Tax is one of the various taxes of the country, which comes under the Central Government. Since it is a tax and has to be paid, especially to the government, and mostly the effect of paying income tax is not clearly visible, people are always hesitant to pay it. Income Tax is levied on the income of a person.

The tax varies according to the Income a person earns and whether he/she is applicable to pay the tax. If the Income of a person does not come under the limit of tax, then he/she does not have to pay the tax. But is the income of the person falls under the condition of tax, then it is the legal duty of the person to pay his/her income tax due? And not paying the income tax is an offence and a legal action can be taken against the defaulter.

Income is something, which was very scary from the very beginning itself for the people who either don’t know the benefits of paying this tax or who wants all the money only for his pocket or a layman who doesn’t have the slightest idea of what this Income Tax is. Not many people want to pay their tax. But some people are there who are intellect enough and knows the benefits of paying the Income Tax.

From the words of some of these responsible people who duly pay their income taxes, are very happy and not afraid of it at all as they know that they are contributing their bit to the development o the country. Paying your Income Tax on time actually, means contributing your part to the development of the country as it is one of the major sources from where country earns.

Income Tax Consultant in Gurgaon , is the best CA company who helps you in filling to pay for your income tax. The company gives services in the area like accounting, income tax, auditing, services tax, vat/sales tax, company law matters, GST, etc.

Company registration consultant in Gurgaon , helps you in registration of the Income Tax and filing for the payment for the income tax. Our services are always solution based, result-oriented, on time delivery and is well-planned and efficient. We have a team of experts who strive every bit to help you in every step of paying the taxes.

Different Services can be Rendered by Chartered Accountant Firms in Gurgaon

Different services can be availed from charted accountant firms.  Matters related to company act 2013 can be managed under the administration of qualified and experienced chartered accountants by chartered accountant companies in Gurgaon. Services rendered by the CA can be availed from CA firms, are discussed in this blog.

Company formation can be done through systematically executed consultancy services rendered by the chartered accountant firms in Gurgaon. Patrons can get in touch with the CA firms in gurgaon for attaining advices and consultancy services for annual filling. Other statutory requirements can be managed and resolved through consultancy services rendered by CA firms in gurgaon.

Qualified CA from well-known CA firm can be contacted by the business houses and start up firms in Gurgaon, for availing cost effective and systematically executed Statutory Audit services. In addition to this, experienced CA can be contacted by startup firms and business houses for attaining systematically executed services for Internal Audit and Tax Audit.  Management Audit & Investigation can be availed from CA firms under the administration of qualified CA in gurgaon.

Registration of NGO, firms, society or firms can be carried by systematically under the administration of quality CA and support staff in gurgaon, who are associated with some of the well-known CA firms in gurgaon. Proprietorship firm registration in user-defined specification and under the administration of qualified CA working at CA firms in Gurgaon.

At the reputed CA firms in gurgaon, the services of Partnership firm registration under the administration of qualified CA in gurgaon. Food license registration services can be availed in the most systematic manner from reputed CA firms in gurgaon. Registration for trade license can be availed from qualified, dexterous and hardworking CA experts and professionals at CA firms in Gurgaon. 

IEC code registration services can be availed from reputed CA firms in gurgaon under the administration of qualified CA professionals with vast expertise in their area of work. Sales Tax Registrations in Gurgaon can be availed from reputed and well-known CA firms under the administration of qualified and well-known CA professionals in Gurgaon.

To optimize VAT/sales tax incidence, the services rendered by CA firms under the qualified CA professionals can be contacted in user-defined specifications and systematically executed. VAT audit and Consultancy services can be availed from CA firms under the qualified CA professionals.

Annual assessments of firms and small business enterprises can be availed from CA firms in gurgaon. By rendering cost effective and systematically executed Firm Registration Services in Gurgaon, the reputed CA firms in gurgaon have attained a new horizon in this domain.  

Company registration process in India

The company acts of 1956 lays down the rules for the establishment of companies covering both private and public sector.  The company can be formed by registering the memorandum and article of association with the state office of the companies’ registrar.

The first step in the process of company registration is the selecting the name and registering with the state office of company registrar. The name has to be approved the by authority.  The name should not match with any other existing company and its last name has to be private limited or only limited as the case may be in relation to public companies. The person seeking registration should mention at least four names in preference. The authority, registrar of companies, takes only seven day to give the approval to the name of the company. In case, a person fails to submit the necessary documents for the registration of the company, he or she has to make another submission for name registration with additional fee. After the announcement of the name, the person has to file the memorandum and article of association with the authority.

Memorandum and articles Company registration consultant in Gurgaon of the association is the most important documents that are submitted for the company registration. The memorandum gives objective of the company and defines its activity and relations with the outside world. The article of association contains rule for the internal management of the company. The registrar of companies gives certificate to the company owner, after receiving, these two documents. After getting certificate, company can commence the business,

Another set of documents, that are part of the documents given at the time of the registration is miscellaneous documents.  This document contains details about the directors, manager, and secretary of the company. And declaration of compliance duly stamped .Besides these documents, the company liable for income or corporate tax must obtain tax identification number and card form the revenue department. The tax deduction number must also be obtained by the company liable to withholding of tax.  These two numbers PAN and TAN must be mentioned in all returns, correspondence and documents related to the income tax and revenue departments.     

Companies having Firm registration services in Gurgaon offices abroad can also open office in India for business activities after getting permission for Reserve bank of India. These offices can be for research, business activities or representing the company in India at various levels.

Income Tax Saving Schemes in India

Number of schemes are available in India for income tax saving. These schemes can be utilized to get the intended tax benefits.  Life insurance policies are widely used for the tax savings. There are many policies, which people can take according to their needs and requirements. Both public and private sector companies are engaged in the life insurance business. The major categories of the life insurance are: pension policies, money back policies, unit linked investment policies, and term insurance policies. The maximum tax deduction of 150,000 can come under the section 80 C of income tax Act 1961. This deduction comes from the gross income of the individuals and Hindu united family assesses for life insurance premium paid for children, partner and himself.

Public provident fund is other popular scheme for tax deduction in India.  In this scheme, the investor can get assured return on investment with tax benefits. Here, eligible person can open the account in his or her name or in name of kids. The period of maturity is 15 years which can be extended to 5 years more. The need for deposit is very low, only 500 rupees and maximum deposit can be 150,000 per year. Rate of interest up to 8 percent is also given on the deposit. The maximum tax benefit deduction which can come under the PPF is 150,000, which is equal to the tax benefit under section 80 c of income tax Act. The account holder can also nominate one or more person to take the balance, in case of his or her death. The withdrawal is allowed from the seventh year from the year of opening an account. The one withdrawal can be taken in one year.

Residential housing Sales Tax Registrations in Gurgaon Property can also give tax benefits many ways. In construction, purchase, and further extension of the residential property, the tax benefit up to 150,000 rupees can come.

Sukanya samridhi scheme was launched by the Prime Minister Sh. Narendra Modi in 2015. In this scheme the account can be opened in a post office or branch of some authorized commercial bank of India. The account can be opened in name of the girl, who is under 10 years of age. Guardian of two girls and three girls can also open the account. The maximum deduction that Income Tax Consultant in Gurgaon can come under this scheme is also up to 150,000 rupees. Minimum 1000 rupees of initial deposit is required and then in the multiple of 100 rupees can be deposited. Expenses occur on the school going children can also be used to get some tax deduction benefits. Section 80 C of income tax provides deduction on gross expenses on tuition fee. Similarly, mutual funds, investment in shares, securities, deposits and health insurance policies can also be used under various sections to get the tax benefit. 

Establishment of public and private sector companies

The Companies Act of 1956 laid down the rules for the establishment of both public and private companies. The limited company is the most commonly used form in India.  By registering the articles of association and memorandum with the state registrar of companies of the state, a company is formed .the state registrar of companies of the state, where the main office of the company is located is approached.

The approval of the name of the company is the first step in formation of the company .This approval of the name has to be done by registrar of companies in the state or union territory, in which the company will have its registered office. This approval is done if there is no company in the same name. The last name of the company has to add private limited or public limited depending on the public or private sector nature of the company. The owner of the company should mention at least four names for the company in order of preference. Then the registrar of companies informs the applicant within few days, whether the name proposed by the owner for his or her company is already registered or not.

If a name has been approved, then within six months the memorandum of association and articles of association with necessary documents should be filled. If one is not able to do so then application for renewal of name with some fee has to be submitted. 

The Memorandum of Association and Articles of Association Firm registration services in Gurgaon is the most important document submitted to the registrar of company for incorporating a company. It shows the constitution of the company, its objectives plus the definition of   company’s relation with outside world. This article of association also has the rules and regulation for management of company’s internal affairs.  The memorandum has objectives of the company and articles contain the rules and regulations by which the said company will achieve those objectives. The certificate of incorporation of the company is issues after accepting registration fee and required documents. The registration fee depends on the scaled capital of the company as stated in the memorandum.

The miscellaneous documents which are required with the memorandum of association and articles of association include:  declaration of compliance, notice of the situation of the registered office of the company ,particular of directors or manager or secretary ,authority execution in favor of any person  to submit the documents and make correction ,if any , and  letter of registrar of company , indicating the approval of the name for company .

For income tax a company Company registration consultant in Gurgaon must obtain a tax identification card and PAN number from the Revenue Department.  If necessary the business must also obtain a Tax Deduction Account Number (TAN).  The PAN and TAN are indicated on all documents filed with the revenue department. Company registration services provide can ease the process of registration.