W2 e 28th june - incorporation
Download as PPTX, PDF
2 likes618 views
The document discusses various types of business entity formations in India including sole proprietorship, partnership, limited liability partnership, private limited company, and one person company. It outlines the number of people required, liability, ease of formation, approximate costs, and time taken for each. The document also covers tax implications, necessary registrations like PAN, TDS, VAT, service tax, IEC, trademarks, and opening a current account. Payment gateways and popular options in India are defined. Contact information is provided at the end for queries.
W2 e 28th june - incorporation
- 1. STARTUP'S INCORPORATION & REGISTRATIONS KNOW HOW W2E 28TH JUNE 2014 CA Gaurav Mittal Partner, Singal And Company
- 2. TYPES OF INCORPORATION Setup - - TypesOf Formation No Of Person Required Liability EaseOf Costing Approx Time Taken Fund Raising & Selling Sole Proprietorship Only1 Unlimited Easy Low Cost 5000/ - 2 3 Days Limited Opportunity Partnership Minimum 2 Unlimited Easy Low Cost 4000/ - 1 Week Limited Opportunity Limited Liability Partnership Minimum2 Limited Medium MediumCost 12000/ - 20 Days Limited Opportunity Private Limited Company Minimum 2 Limited High High Cost 18000/ - 1 Month EasyTo Transfer & Raise Funds One Person Company Only1 Limited High High Cost 14000/ 1 Month Easy To Transfer & Raise Funds
- 3. TAX IMPLICATIONS TypesOf Formation Claiming of Expenditure Minimum Alternate Tax Rate Of Tax Sole Proprietorship Allowed Not Applicable Individual Slab rate Partnership Allowed Not Applicable Flat Rate 30% Limited Liability Partnership Allowed Not Applicable Flat Rate 30% Private Limited Company Allowed Applicable Flat Rate 30% One Person Company Allowed Applicable Flat Rate 30%
- 4. REGISTRATIONS - PAN NUMBER - TDS - VAT - SERVICE TAX - IEC - TRADE MARK - CURRENT ACCOUNT
- 5. PAN NUMBER Who Should Apply :- A statutory requirement for filing return and Act as an ID. Any Exemption Limit :- No Exemption. Time & Cost 15 Days & Rs 500. Penalty Rs 10000. Documents ID Proof, 2 Photographs, DOB Proof, Address Proof, IC Form Form No 49A, Online Available, Submission at NSDL Centres. Website & Phone No www.tin-nsdl.co.in, 18001801961
- 6. TAN Number For TDS Who Should Apply :- If you are making any payments for which TDS is to be deducted like Salary, Interest, Commission Etc Any Exemption Limit :- No Exemption but for Proprietorship Rs 1 Cr Time & Cost 15 - 20 Days & Rs 1000. Penalty Rs 10000. Documents Copy of PAN Card Form Form No 49B, Online Available, Submission at NSDL Centres. Website & Phone No www.tin-nsdl.co.in, 18001801961
- 7. TIN Number For VAT Who Should Apply :- For Sale & Purchase of Goods. Any Exemption Limit :- Rs 9 Lacs Time & Cost 7 to 10 days & Rs 8500/- Penalty Max Rs 100000. Documents PAN, Address & ID Proof, Aadhar Card, IC, Photographs Form Form DVAT 04, Online Available, Submission at Deptt At ITO.
- 8. SERVICE TAX Who Should Apply :- If you are providing any taxable service. . Any Exemption Limit :- Rs 10 Lacs Time & Cost 2 to 3 days & Rs 3500/- Penalty Max Rs 10000. Documents PAN, Address & ID Proof, Aadhar Card, IC. Form Form ST-1, Online Available. Website & Phone No www.aces.gov.in, 18004254251
- 9. IMPORT EXPORT CODE (IEC) Who Should Apply :- For making Import & Export. Any Exemption Limit :- NIL Time & Cost 1 Month & Rs 3500/- Penalty NIL Documents PAN, Address & ID Proof, Aadhar Card, IC, Bank Certificate Form Form ANF-2A, Online Available. Website & Phone No www.dgft.gov.in, 011-23378748
- 10. TRADE MARK Who Should Apply :- For Registering Logo or Name Any Exemption Limit :- NA Time & Cost Min. 2 Years & Rs 10,000/- Penalty Only in case of Litigation Documents PAN, Address & ID Proof, Name or Logo Form Form TM-1, Online Available. Website & Phone No www.ipindia.nic.in, 011-28034304
- 11. CURRENT ACCOUNT OPENING A CURRENT ACCOUNT IN CASE OF PROPRIETORSHIP PAN Card Of Proprietor. Address Proof Of Proprietor. Any one government registration certificate. Service Tax Registration. TIN Registration.
- 12. PAYMENT GATEWAY Meaning A payment gateway, in essence, is an e-commerce service that processes, verifies and accepts or declines credit card transactions on a merchants behalf through secure Internet connections. Why do we need Payment Gateway In the online age when we are tracking our customers online and all random people, a payment security is a must, also to create a sense of security in the mind of buyer that his confidential information is safe. A Payment gateway solves this problem. How to choose a payment Gateway What is the service Cost ? Whether available in your country ? Whether Merchant Account is Account ? Popular Payment Options in India CC Avenue, Paypal, Pay U, Pay Zippy
- 13. For Queries & Further Information CA GAURAV MITTAL Singal & Company Chartered Accountants WA-120A, Third Floor Shakarpur Delhi -92 Mail Us :- info@singalandcompany.com gmittal@singalandcompany.com Blog :- www.singalandcompany.wordpress.com Website :- www.singalandcompany.com Mobile :- 011-40532754, 9971312299