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Let’s Take A Dive into the Fundamentals of Branch Office Registration in India

A branch office can be understood as an establishment or corporate structure that carries on significantly the same business and related activities which are carried out by its head office. An organization stretches its business entities by opening up its different branches across distinct regions of the globe. In this way, the business may extend its reach in the domestic country as well as in other foreign nations.

Opening up branch offices in India

These days, foreign companies are continuously opening up their distinct branch offices in India to enlarge their business entities. In foreign nations, companies (other than incorporated … Read More....

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Taxation Structures and Chartered Accountant Services in India

In India, taxes are considered as the subject of Central Government, State Government and local authorities. Central Government levies taxes in the forms of Income Tax, Customs Duties, Central Excise Duty as well as Service Tax.  However, State Government puts taxes in the ways of Value Added Tax (VAT), Stamp Duty, State Excise, Land Revenue and Profession Tax. Local authorities are empowered to impose duties on Properties, Octroi and other facilities such as water supply, drainage, etc. In the view to provide better compliance, ease of tax payment and better enactment, the tax rates are rationalized time to time and … Read More....

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Elements to Understand for the Formation of LLP

A company can be defined as a business entity or an association of individuals with a common motive of gaining profits. A unique ideology in the business of profit making, Limited Liability Partnership is a partnership firm in which the members have limited liability as per the contract signed between them. The LLP shows the characteristics of both partnership and corporations. In this business concept, one partner will not be responsible for the misconduct or debt of some other partner.

Following procedures must be accompanied for the registration of any LLP :

  • In order to establish any LLP, minimum of
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Get To Know Different Sorts of Taxes in India

Income Tax

A tax applicable on individuals or entities on their annual income or revenues (taxable income) can be said as income tax. Income Tax Department controls this kind of tax and imposes separately for each assessment year that commences from 1st April and ends on the next 31st March. Every person, who is liable and whose total income exceeds the maximum exemption limit, shall be chargeable to the income tax at the rate or rates mentioned in the Finance Act. In the view to know your income tax accountability, you can visit the government website i.e. www.incometaxindia.gov.in .

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Let’s Legalize Your Business to Work Better with Company Registration Services

If you are taking a dive into a new business, then it may prove to be a challenging task without the support of any experienced company consultant.  You will be contending with both large multinational companies and well-established local brands. You may give neck to neck competition to other rivals and establish your brand amongst local industry leaders with their effective support and consultancy services. Business consultants can provide cost-effective company registration services to customers in a hassle-free way. They have broad expertise in making a start-up company grow.

Why should you work with a reliable consultant?

Opening a new … Read More....

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Be Introduced to the Incorporation of One Person Company

In the Indian corporate structure, a revolutionary change has been drafted in the term of One Person Company under the enactment of Companies Act, 2013. The Act marks a remarkable shift in India’s corporate regime and targets the existing voids in business entities by ensuring more transparency in corporate governance and introducing different revolutionary concepts. The term “One Person Company” signifies a legal business entity having only one person as its director as well as shareholder. On the fine tune of OPC, all the legal provisions made for a private company are also applicable unless and until these are expressly … Read More....

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Understand the Difference between LLP and Private Limited Company

Apart from a traditional Limited Liability Company, LLP has been introduced in India and gives an option to entrepreneurs, business owners and investors for starting new ventures. You should clearly understand the advantage of each of these formations, the differences between them and the business requirement.

Incorporation of LLP requires
For formation of a Limited Liability Partnership (LLP), at least two partners are required. You can assign various partners as there is no limit to the maximum number of partners. A company can be said as a member of an LLP. At the time of establishing any LLP, you need … Read More....

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Register Your Firm Online via Business Registration Consultants

A legal business entity which performs several trading activities can be said as a company. Any kinds of organization whether private or public or LLP must be registered under company act. In India, company registration is an essential step for any applicant who would like to setup their company at any destination. Applicants whether from India or foreign nations, must have to register their company before establishing foundation stone.

Previously, all the companies were formed only on paper, but nowadays most of the company formation processes are executing digitally with the help of the internet. While going through the documentation … Read More....

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Check the Eligibility of Residency in India

Who is considered as an Indian resident but not ordinarily resident?

An individual who has not been available in India for 730 days during the preceding seven years or who has been nonresident in nine out of ten preceding years is regarded as not ordinarily resident.

Who are taken as Non-Residents?

Non-residents are levied only on revenue which is received in India or arises or is supposed to arise in India. An individual who is not ordinarily resident is taxed like a non-resident but is also responsible to pay tax on income accruing abroad if it is gaining from a … Read More....

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Take a Tour of Indirect Taxation Systems

Central Sales Tax (CST)
Central Sales tax is to be paid on the sale of all goods by a dealer in the course of inter-state trade or commerce or, outside a state or, during import into or, export from India. The maximum rate on central sales tax (CST), a tax on inter-state sale of goods, has been reduced from 4 per cent to 3 per cent in the existing fiscal year.

Value Added Tax (VAT)
The concept of VAT can be taken as a multi-stage tax. It is levied on goods that are taxed across different stages of production and … Read More....