W2 e 28th june - incorporation
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STARTUP'S INCORPORATION & REGISTRATIONS KNOW HOW W2E – 28 TH JUNE 2014 CA Gaurav Mittal Partner, Singal And Company
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Transcript of W2 e 28th june - incorporation
STARTUP'S INCORPORATION &
REGISTRATIONS KNOW HOW W2E – 28TH JUNE 2014
CA Gaurav Mittal
Partner, Singal And Company
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/-
23 Days
Limited Opportunity
Partnership
Minimum 2
Unlimited
Easy
Low Cost4000/-
1Week
Limited Opportunity
Limited Liability Partnership
Minimum2
Limited
Medium
MediumCost12000/-
20Days
Limited Opportunity
Private Limited Company
Minimum 2
Limited
High
High Cost18000/-
1 Month
EasyTo Transfer &
Raise Funds
One Person Company
Only1
Limited
High
High Cost14000/
1 Month
Easy To Transfer &
Raise Funds
TAX IMPLICATIONS
TypesOf Formation
Claiming ofExpenditure
MinimumAlternate Tax
Rate Of Tax
Sole Proprietorship
Allowed
Not Applicable
IndividualSlab 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%
REGISTRATIONS - PAN NUMBER - TDS - VAT - SERVICE TAX - IEC - TRADE MARK - CURRENT ACCOUNT
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.
DocumentsID Proof, 2 Photographs, DOB Proof, Address Proof, IC
FormForm No 49A, Online Available, Submission at NSDL
Centres. Website & Phone No
www.tin-nsdl.co.in, 18001801961
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 & Cost15 - 20 Days & Rs 1000.
Penalty Rs 10000.
DocumentsCopy of PAN Card
FormForm No 49B, Online Available, Submission at NSDL Centres.
Website & Phone No www.tin-nsdl.co.in, 18001801961
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.
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
IMPORT EXPORT CODE (IEC)
Who Should Apply :-
For making Import & Export. Any Exemption Limit :-
NIL Time & Cost
1 Month & Rs 3500/- Penalty
NIL
DocumentsPAN, Address & ID Proof, Aadhar Card, IC, Bank Certificate
FormForm ANF-2A, Online Available.
Website & Phone No www.dgft.gov.in, 011-23378748
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
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.
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 merchant’s 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 IndiaCC Avenue, Paypal, Pay U, Pay Zippy
For Queries & Further InformationCA GAURAV MITTALSingal & CompanyChartered AccountantsWA-120A, Third FloorShakarpurDelhi -92
Mail Us :- [email protected]@singalandcompany.com
Blog :- www.singalandcompany.wordpress.comWebsite :- www.singalandcompany.comMobile :- 011-40532754, 9971312299
