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Registrations Required
Having set up the company, it is
mandatory that you obtain
necessary registrations before
you can commence business in
India.
Our team of chartered
accountants will assist you with
detailed documentations and
attestations required to
complete this step in a seamless
manner. |
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Home
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Registrations Required
> Concurrent requirements of a company |
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Concurrent requirements of a company |
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On establishing the structure, incorporation
and subsequent to laying the foundation for
effective operation, we proceed with the
regular, routine affairs involved. These are
as follows:
Accounting and payment of statutory dues.
- Day to day accounting of routine
transactions of the company on monthly
basis.
- Maintenance of prime books of account on
monthly basis.
- Finalization of Profit & Loss Account &
Balance sheet of the company on quarterly
basis.
- Payment of statutory Dues towards TDS,
VAT, Service Tax, Advance Income Tax etc.
Filing of Quarterly returns under Income
Tax Act.
As per provisions of Income Tax Act, certain
returns related to deduction of tax at
source viz. E-TDS, has to be filed
quarterly. This step involves compilation
and summarizing the records, preparation of
returns and submission of the same.
Filing of returns for Service Tax/VAT
All companies are required to file their
returns with appropriate authorities for
Service Tax and VAT as per timelines
applicable to the company.
Services for Payroll Management
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Issue of Appointment
Letter: Drafting of
the basic terms of
the service
agreements & issuing
the appointment
letter.
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Compliances of
Labour Laws:
Legislations in
relation to Employee
Provident Fund,
Bonus, Gratuity,
Labour Welfare Fund
etc are to be duly
complied .
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Designing the salary
package: Appropriate
structure for salary
should be designed
to suit company’s
needs and local
laws. This would
involve
incorporating
various allowances &
perquisites in the
packages keeping in
view the tax
benefits involved.
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Computation of
monthly salary &
generating pay
slips: Calculation
of monthly salary
payable based upon
the terms of service
agreement and also
generating pay
slips.
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Calculations of the
with-holding taxes
on salary & payment
of the same to the
government
authorities on
timely basis:
Monthly taxes are
required to be
deducted and paid by
or before the
prescribed due dates
to the government
authorities, failing
which additional
interest charges
would be levied.
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Issuance of
With-holding tax
certificate: The
Company has to issue
With-holding tax
certificate to its
employees / other
deductees at the end
of prescribed
period. This form
would enable
deductees to take
credit of the tax
being deducted from
their salary during
the year.
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