Steps To Set Up A Company In India

The company needs to file annual returns and income tax return.

Steps to set up a company in india. Once you have your business plan ready it is time to move on to next step. While setting up an online business do not forget about the dropshipping business model that acts as an extension to your online business model. Next step in setting your small business in india is getting it registered and made it legal there are varies types of option available in india to set up a company llp and private limited company are most common. Corporate income tax cit in india.

Here we outline the effective tax rates for such companies in india. Yet it can reap great benefits for both the company and the economy at large. Make in india also encourages entrepreneurship among indians through incentives and offerings for establishing micro small and medium enterprises. 12 steps to start a small business in india.

Acquire digital signature certificate dsc the information technology act 2000 has provisions for use of digital signatures on the documents submitted in electronic form in order to ensure the security and authenticity of the documents filed electronically. Four major steps to register a company startup in india. Various other registration only if company is set up in mumbai the company will also be required to comply with various other registrations only if it is set up in mumbai. Now you are all aware of the tit bits on how to start an e commerce business in india.

The system will provide the list of similar closely resembling names of existing companies llps based on the search criteria filled up. A company whether indian or foreign is liable to pay cit under the country s income tax act 1961. Establishing a new business seems like a challenging proposition. Before you start an investment company read business plans from other investment companies to get a sense for how they re set up and run.

With many entities looking to set up enterprises there are a few things to consider when you re going for registering your business in india. Private limited companies set up by foreign companies are domestic companies according to the income tax act 1961. Do not miss out on any step to ensure the smooth set up of your online business. Obtain a tax account number for income taxes deducted at source from the assessing office in the mumbai income tax department.

Then decide what type of investment company you want to have and figure out whether a partnership corporation or limited liability corporation works best for you.