Ezybiz India

Private limited company registration In India, startups are becoming very popular nowadays. Under the leadership of Honorable Prime Minister Narendra Modi, the government of India has started and promoted the startup India Scheme in year 2017. It is an initiative of Indian government to build a robust eco system which is conducive to the growth of startup business. The idea is to generate employment and drive economic growth. It also aims to empower startups to grow through new design and innovation.   In order to be eligible for this scheme, the entity should opt for either private limited company registration or LLP registration or partnership registration. Any existing company can also opt for above scheme however, it should be in operation for not more than 10 years from the date of its incorporation.   Some of the benefits of company incorporation in India under startup scheme as mentioned below: 1.        Simple Process In Indi...

  Private Limited Company Registration Any person desirous of setting up a business in India has many options like Proprietorship, partnership, Private Limited Company Registration and LLP registration.   Further, foreign company registration in India can be done under unincorporated form in the manner of branch office, liaison office and project office.   Also, foreign company registration in India under incorporated form can be done in the form of subsidiary company registration in India, Joint Ventures and LLP registration.   Both Private Limited Company and Limited Liability Partnership are two different entities governed by the two different acts namely Companies Act 2013 and Limited Liability Partnership Act 2008 respectively.    In this article, we will make a comparison between Private Limited Company Registration and LLP registration A private limited company structure is most popular and widely used form of entity registratio...

Every year, millions of Indians remit money outside India for one purpose or the other . Form 15CA and 15CB are required for remittance of any money outside India either to Non Resident or to the foreign company or from Indian bank account to foreign bank account or from NRO account to NRE account.   In this write up, we have discussed about applicability of form 15CA and Form 15CB in case of payment of rent to non resident by a resident individual.   As per the provisions of the Income Tax Act, 1961 (“the Act”), any person paying rent to nonresident is required to deduct TDS at the applicable rates. It may be noted that subsequent to amendment made in section 195, now, the person responsible for paying rent has to provide certain information to The tax department irrespective of the fact whether such remittance is taxable in India or not.   Further, as per Rule 37BB, the information relating to payment to nonresident or foreign company is to be given in form ...

  Form 15CA and 15CB : When a resident of India makes a remittance to a non-resident, the information regarding the same must be provided to the Income Tax department as per the Income Tax Act, 196. The purpose behind the formulation of such laws is that taxes are collected timely. Form filing 15CA is done to provide a declaration by the remitter that any such remittances are made to the non-resident. Form filing 15CB is not a declaration form instead it is a certificate issued by Chartered Accountant ensuring that taxes are properly paid complying with the Income Tax Act. The following information is included in Form 15CB- a.        Details of the remittance b.       Nature of payment made to the remittee. c.        Compliance of the payment with Section 195 of the Income Tax Act, 1961. d.       Applicability of the Double Taxation Avoidance Agreement (DTAA)...

  Private Limited Company Registration   Owning a business is a dream of many for achieving financial freedom and be their own boss. In the recent times, India has become one of the most preferred countries for starting or setting up a business across the globe. The business policies, Foreign Direct Investment (FDI) policies, startup culture and ease of doing business here, are helping people to incorporate their own entities. One of the most popular forms of business model is the Private Limited Company Registration in India. One can enjoy the following benefits by this form of business setup in India- 1.       It is considered as a separate legal entity compared to its shareholders. 2.       Shareholders have a limited liability 3.       One can easily register under the Startup India Scheme with this business model. 4.       It is easy to add and even remove th...