Stars New Company Registration

Statutory Compliance

Statutory Compliance is Labor advantages implemented by the government of a country through mandatory contributions, deductions, and insurances. Oftentimes, both the employer and the employee are required to contribute to such benefits. Statutory compliance simply means the adherence to prescribed rules and regulations. These include audit and accounts management, supply chain management, internal compliance and risk assessment, wage management, employee welfare regulations, environmental risk mitigation and management.

Professional Tax Registration : - In case of employees (salary or wage earners) whose salary for a month is not less than Rs. 15, 000/-, the employer is liable to deduct Professional Tax and pay the same to the department. It is the responsibility of the Company/employer to deduct tax and pay on behalf of all such employees within 20 days of expiry of the month.

Majority of the state governments have passed specific legislation to impose a tax on profession, employment of calling of any nature, however, it cannot be more than Govt Fees Rs. 2500 per annum*.Every company which is engaged in any trade or professional should obtain a Certificate of Enrolment from the Profession Tax Officer of jurisdiction as per Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976. All companies with Enrolment Certificate shall pay tax every year before 30th of April. Penalty for non-payment of tax by enrolled person and registered employer with interest at rate of 1.25% per month and Penalty not exceeding 50% of the tax amount due.

Benefits: Avoid Penalty | Tax Deductible | Easy Compliance State Government Tax

Documents Required:- Certificate of Incorporation | MOA & AOA | LLP Agreement | PAN card of Company | LLP duly attested by directors of the company | Premises proof of Company and an NOC from the owner of such premises | Bank Account of Company | Cancelled cheque and bank statement | List of Directors | passport size Photographs of all Directors | Id and address proof | Board Resolution or consent statement of partners | Attendance Register & Salary Register

Call us or Click for Free Consultation on your Professional Tax Registration Company @ 9620049886.

ESI Registration

Any Manufacturing factories or establishment employing 10 or more persons drawing wages of less than Rs.21, 000 per month must obtain ESI registration and comply with ESI regulations. We will assist and ensure compliance under ESI regulations.

Includes: - Consultation with Payroll Attorney | ESIC Registration of Head Office and Branches | Allotment of ESIC Number to the Employees | The first-month ESIC Return filing

Call us or Click for Free Consultation on your ESI Registration Company @ 9620049886.

Provident Fund Registration

Every establishment employing 20 or more persons who is engaged in any one or more of the industries specified in Schedule I of the Employees Provident Fund and Miscellaneous Provisions Act 1952 must register and contribute for Employee provident fund. Provident fund is required when a company has employed 15 or more persons. Employees contribute 12% and the employer contributes 12% towards the EPF fund…

Include: - Certificate of Incorporation | PAN Card | Cancelled Cheque | Address proof of establishment

Call us or Click for Free Consultation on your Provident Fund Registration Company @ 9620049886.

PAN Registration

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax.

PAN enables the department to link all transactions of the “person” with the department. These transactions include tax payments, TDS/TCS credits, returns of income/wealth/gift / FBT, specified transactions, correspondence, and so on. PAN, thus, acts as an identifier for the “person” with the tax department.

Includes: - Assisting to Apply for New PAN card | Individual Companies | Trust | NGOs | PAN Card Corrections , Lost

Call us or Click for Free Consultation on your PAN Registration Company @ 9620049886.

TAN Registration

TAN i.e. Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting tax at source or collecting tax at source. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment Challan, TDS/TCS certificates, Annual Information Return and other documents as may be prescribed.

TDS means TAX DEDUCTION AT SOURCE. Tax is to be deducted when payment is due or actual payment is made, whichever is earlier. If a person who is responsible for deducting TDS fails to do so, then the Assessing Officer has powers to disallow whole of such expenditure for ascertaining taxable profits. TDS payments to the income tax departments need to be paid before the next month to which the payment corresponds.

Includes: - Assisting to Apply for New TAN number | Companies | Trust | NGOs | Societies.

Call us or Click for Free Consultation on your TAN Registration Company @ 9620049886.

80G and 12A Registration

80G Certificate is issued to a non-profit organization or non-governmental organizations (NGO), a charitable trust or a Section 8 Company by the Income Tax Department.

12A registration, Trusts and NGOs and other Section 8 companies enjoy exemption from paying income tax. NGOs are basically organizations that are meant for charitable and non-profit activities. However, they do have income and would be required to pay tax as per normal rates if not registered under section 12A of the Income Tax Act. The Section 12A of the IT Act, 1962 does not differentiate between charitable and religious Trusts. Hence 12A registration is applicable to both the kinds of organizations.

12A registration: - Charitable | Trusts | Religious Trusts | Societies | Section 8 Companies.

80G Certification: - Charities with a religious or business

Benefits of 12A Registration & 80G Certification are follows

12A Registration

• Income will be exempted from taxation.
• Benefits of taking grants from the Government, Abroad, other agencies.
• The Registration done once is valid for a lifetime. No renewal.

80G Certification.

• The donor can avail deduction from its taxable income.
• Attracts the donor to make a donation.
• The Registration done once is valid for a lifetime. No renewal.

Includes: - Assisting on Application to be submitted to the Commissioner of Income Tax | On receipt of an application | Commissioner Scrutinize and may ask additional documents or information | After satisfaction of an application | Commissioner may pass an order in writing registering the Trust/Institution under Section 80G of Income Tax Act.

Call us or Click for Free Consultation on your 12A Registration & 80G Certification @ 9620049886.