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Certificate essential for professional tax enrollment, proof of adherence to regulations, essential for business or profession.
Employers may require an enrolment certificate for professional tax purposes and salary deductions.
Certificate establishes exemption eligibility for certain professional categories, reducing tax obligations.
Professional tax registration offers numerous benefits for individuals and businesses.The primary benefits encompass:
Professional tax registration ensures compliance with tax laws, prevents penalties, and promotes a smooth operational landscape.
Proactively register for tax avoidance to avoid penalties and legal repercussions.
Employers with professional tax registration can deduct tax from employees' salaries, simplifying taxation for both parties.
Professional tax registration certificate is crucial for demonstrating tax compliance with agencies, financial institutions, and clients.
Professional tax registration may grant individuals or entities governmental perks, schemes, or incentives, including social welfare programs.
Professional tax registration ensures legal compliance and ethical business conduct, enhancing reputation and credibility.
Obtain structured tax management approach, monitor and fulfill responsibilities, and achieve a smooth financial trajectory.
Fulfillment of ESI Online Registration; government reviews application.. Following approval, Fincto forwards you:
Professional tax registration eligibility criteria vary based on regulatory framework. The eligible parties comprise:
ESI registration eligibility criteria include employee count of 10 or more, with some regions requiring 20 or more.
Individuals eligible for exemptions from professional tax under Professional Tax Rules. The subsequent categories are exempt:
Parents of children enduring permanent disability or mental ailment
Members of the armed forces defined in the Army Act 1950, the Air Force Act 1950, and the Navy Act 1957, inclusive of auxiliary forces or reservists stationed in the State
Temporary workers in the textile industry
Individuals perpetually afflicted with physical disability (including blindness)
Women exclusively operating as agents under the Mahila Pradhan Kshetriya Bachat Yojana or functioning as Directors of Small Savings
Parents or guardians of individuals grappling with mental disabilities
Individuals surpassing 65 years of age.
Fincto offers Accounting and Book-Keeping services for streamlined, accurate, and strategically aligned financial journeys, enabling businesses to achieve success through efficient financial management.
Employees Provident Funds Act 1952 defines compensation for various tasks, including full-time, part-time, work-from-home, contractors, consultants, and freelancers.
Stay Updated: Interest Rate Hike for EPF Scheme
Government announces 8.15% interest rate hike for Employment Provident Fund scheme holders.
Fincto experts assist clients in determining requirements and gathering necessary information for professional tax registration.
Fincto team collects client documents, uploads them on online portal, and ensures proper documentation.
Fincto's professionals scrutinize applications and documents, led by the Assistant Revenue Officer (ARO), who may adjust tax demands or affirm assessments, ensuring professional tax registration.
Professionals initiate registration process, submit self-assessment application for professional tax registration.
Fincto professionals assist clients with professional tax registration payments, ensuring clients receive an acknowledgment slip, featuring the Professional Tax Registration Number (PTNAN).
Employers must register themselves and their workforce for professional tax with relevant authorities, obtaining necessary certificates.
Employers must deduct professional tax from employee salaries or wages, following tax laws and regulations during remuneration disbursal.
Employers must remit professional tax within designated timelines, adhere to payment schedules, and avoid penalties.
Employers must maintain accurate records of tax deductions, payments, and employee details.
Employers must ensure compliance with tax laws, regulations, and rules for professional tax, staying updated on changes.
Employers must report and file professional tax returns on time, accurately containing employee information and deductions.
Employers must communicate professional tax deductions, payment details, and regulations effectively to ensure transparency and avoid disputes.
Fincto provides comprehensive services for Indian firms and LLPs. Presented below is an outline of our services:
Professional tax counsel for firms, companies, and LLPs, understanding regulations and obligations based on state.
Our experts assist firms, companies, and LLPs in professional tax registration, ensuring compliance and streamlined procedures within specified timelines.
Fincto offers tax compliance services for firms, companies, and LLPs, ensuring timely recordkeeping, deductions, and remittance.
Our professionals understand tax regulations across India, ensuring compliance with state-specific guidelines and operational region stipulations.
Fincto helps firms evaluate exemptions and deduction thresholds for professional tax regulations, analyzing business dynamics and employee structure.
Our services ensure compliance with tax laws, monitoring deadlines and regulations, providing proactive support for operational compliance.
Fincto offers comprehensive tax services for individuals. Below is a snapshot of our services:
Experts assess profession, employment, and trade to determine professional tax obligations in the relevant state or union territory.
Our team assists in professional tax registration, ensuring smooth process and timely certificate acquisition.
We guide individuals on tax rates and slabs, assisting employers in deducting professional tax from salaries, adhering to laws.
We guide individuals on tax rates and slabs, assisting employers in deducting professional tax from salaries, adhering to laws.
Experts analyze professional tax eligibility, identifying potential exemptions and deductions to optimize obligations.
Address tax queries promptly, providing reliable, swift assistance for clarity and tranquility.
Professional tax payment deadlines depend on an employer’s workforce. Employers with 20+ employees must pay within 15 days of the month’s end, while those with fewer than 20 employees must pay quarterly, with payments due by the 15th day of the following month.
Professional Tax Registration holders must file returns, with deadlines varying by states.
Our team has extensive knowledge and experience in professional tax regulations, ensuring a streamlined process, compliance assurance, tailored solutions, prompt execution, customer-centric assistance, and holistic services under Fincto umbrella. We manage documentation, ensure compliance, and offer tailored support to meet individual requirements.
Mandatory documents for PF registration:
Note: For ESI filings, a monthly pay sheet is essential for calculating the contribution amount for each employee.
Fincto offers numerous financial management benefits.
Company must comply with ESI Act within 6 months of registration.
Company can opt for dormant registration within 6 months to avoid penalties under Employees' State Insurance Act.
Company must log in to ESI website 180 days after dormant status.
Fincto offers Accounting and Book-Keeping services for streamlined, accurate, and strategically aligned financial journeys, enabling businesses to achieve success through efficient financial management.
EPF contribution rate depends on employee count.
The board must approve a director’s company relocation to their property, submit necessary paperwork, and submit Form INC-22 for the MCA to initiate the change.
Penalty rates are prescribed based on the period of delay in remitting contributions:
Directors must submit KYC information to MCA if they meet recent updates.
Understanding the Employees' Pension Scheme EPF allocates 8.33% employer contribution to Employees' Pension Scheme based on employee's basic pay. If the basic pay is ₹15,000, ₹1250 is directed towards the Employees' Pension Plan. For basic pay below ₹15,000, 8.33% of the basic pay is allocated. Company retains EPF portion, credits employee upon superannuation.
EPF registration is crucial for companies as TDS deductions from salaries. Employers must only manage payments after challans are generated through EPFO employer website, emphasizing compliance. If eligible, assess eligibility and apply.
Fincto’s Accounting and Book-Keeping plan is tailored for expanding teams and financial operations, ensuring accurate bookkeeping and financial management for corporate organizations, particularly those undergoing audits.
The process of liquidation is governed by several regulations and acts, including:
The act outlines the circumstances under which a company can be shut down, including special resolutions, acts against the country's sovereignty, court findings, failure to file yearly returns, and more.
This code deals with the voluntary liquidation of companies through special resolutions passed by board members.
The Director Identification Number (DIN) is a crucial identifier for aspiring and current directors in corporate governance. Obtaining a DIN requires a one-time application through eForm DIR-3. An annual requirement has been introduced, requiring directors with DINs to submit KYC details annually through fincto’s expertise.
THIS FOUNDERS’ AGREEMENT (hereinafter referred to as the ‘Agreement’) is executed on [DD/MM/YYYY] by and among [XXXX] (the ‘Company’), and the following founders (the ‘Founders’):
[Insert Founder Name]
[Insert Founder Name]
NOW, WITH DUE CONSIDERATION to the foregoing and the mutual covenants and agreements hereinafter detailed, the parties hereto concur as follows:
[Continuation of the founders agreement template, incorporating company information, initial capital, ownership structure, vesting schedule, intellectual property rights, amendment protocols, resignation procedures, confidentiality commitments, dispute resolution, and more.]
Fincto combines technology and legal expertise for thousands of legal tasks.
Government processes simplified for convenience.
Package includes two iterations for satisfaction.
Fincto simplifies legal processes, making them accessible and accessible.
For comprehensive guidance, expert consultation is recommended.
A founders agreement encompasses several pivotal sections, including:
We handle legal work for over 1000 companies and LLPs each month, utilizing our tech capabilities and expertise of our legal professionals, ensuring ease and convenience for our clients.
We provide clarity on the incorporation process, setting realistic expectations and handling all paperwork to ensure a seamless interactive process with the government.
With a team of over 300 experienced business advisors and legal professionals, we offer top-notch legal services.
We stay up-to-date with regulatory changes, such as the new rules for winding up companies, ensuring our clients receive accurate and timely services.
When it comes to closing down an LLP, Fincto is a trusted partner for closing an LLP, providing comprehensive support and guidance. Let us handle the legal complexities while you focus on the next chapter of your business journey.
Customer may receive a refund for product dislike, damaged, incorrect item, or predefined issues upon return.
Refund policy governs online order cancellation process, details, and procedures for refunds.
A Website Disclaimer communicates liabilities to visitors, safeguards intellectual property, discourages unauthorized usage, and prevents misuse accusations. It can be standalone or integrated into legal documents, demonstrating responsible online conduct and promoting responsible behavior.
A Cookie Policy is essential for online transparency and legal compliance, educating visitors about active cookies, their purpose, and user data processing. It is often a legal requirement in many jurisdictions.
E-commerce relies on efficient shipping and delivery; a Shipping Policy provides clear information on fees, timelines, and procedures, improving customer experience.
GSTR1 is the form used for tax returns on outward supplies, encompassing both interstate and intrastate B2B and B2C sales. It also includes details of purchases under reverse charge and inter-state stock transfers made during the tax period. Late filing of GSTR1 can result in a late fee, which is collected in the subsequent open return, Form GSTR-3B. Since January 1, 2022, taxpayers cannot file Form GSTR-1 if they haven't filed Form GSTR-3B in the preceding month.
This amendment form corrects any discrepancies between the GSTR-1 of a taxpayer and the GSTR-2 of their customers. The filing window for GSTR1A is between the 15th and 17th of the following month.
Monthly GST returns for inward supplies are filed using this form. It contains taxpayer information, return period, and detailed invoice-level purchase information related to goods and services separately.
This auto-generated tax return compiles purchases and inward supplies made by a taxpayer based on the information from their suppliers GSTR-1.
An auto-generated document that acts as an Input Tax Credit (ITC) statement for taxpayers, facilitating faster return filing, minimizing errors, easing reconciliation, and simplifying compliance.
This form is used to file consolidated monthly tax returns. It contains the taxpayers basic information, turnover details, final aggregate-level inward and outward supply details, tax liability under CGST, SGST, IGST, additional tax (+1% tax), ITC, cash, liability ledgers, and details of other payments like interests, penalties, and fees.
This is a tax notice issued by the tax authority to a defaulter who has failed to file monthly GST returns on time.
It is a temporary consolidated summary GST return for inward and outward supplies, introduced as a relaxation for recently registered businesses.
This quarterly GST return is filed by compounding vendors. It includes the total value of supplies made during the covered period and details of tax paid at the compounding rate (not exceeding 1% of aggregate turnover) along with invoice details for inward supplies.
The Quarterly purchase-related tax return filed by composition dealers, automatically generated by the GSTN portal based on information from the suppliers GSTR-1, GSTR-5, and GSTR-7.
Variable return for Non-resident foreign taxpayers, containing details of the taxpayer, return period, and invoice details of all goods and services sold and purchased. It also includes imports on Indian soil for the registered period/month.
This monthly GST return is for ISDs (Input Service Distributors), containing details of invoice-level supply from the GSTR-1 of counterparties, credit for ITC services received, debit for ITC reversed or distributed, and closing balance.
It is a monthly return for TDS (Tax Deducted at Source) transactions, containing the taxpayers basic information, return period, supplier's GSTIN, and invoices against which the tax has been deducted, categorized under SGST, CGST, and IGST. It also includes details of other payments like interests and penalties.
This is the monthly return for e-commerce operators. It contains the taxpayers basic information, return period, details of supplies made to customers through the e-commerce portal, tax collected at source, tax payable, and tax paid.
The annual consolidated tax return, comprising detailed income and expenditure, regrouped according to the monthly GST returns filed by the taxpayer.
The annual composition return form to be filed by every taxpayer enrolled in the composition scheme.
This Audit form is filed by taxpayers liable to get their annual reports audited when their aggregate turnover exceeds ₹2 crores in a financial year.
Filed before cancelling GST registration, this final GST return contains the details of all supplies, liabilities, tax collected, and tax payable.
Variable tax return for taxpayers with UIN (Unique Identification Number), containing details of purchases made by foreign embassies and diplomatic missions for self-consumption during a particular month.
The MCA introduced The Companies (Winding up) Rules, 2020, effective April 1, 2020, to streamline company winding up procedures for smaller companies, eliminating tribunal intervention and applicable to specific classes under Section 361 of the Companies Act, 2013. Fincto is a customer-centric service provider with a team of experts who stay updated on legal landscape updates. They handle company winding-up processes with precision and compliance, adhering to MCA rules. Fincto’s commitment to excellence and attention to detail sets them apart as a reliable choice for business closure needs.
Staying compliant with GST due dates is vital to avoid late payment charges and interests. Fincto provides updated information on due dates for the financial years 2021-2022 and 2022-2023. Keeping clients informed of these updates can help taxpayers stay on top of their compliance requirements and ensure timely filing of GST returns.
Taxpayers registered under the Composition Scheme must file taxes using CMP-08 every quarter and file GSTR-4 annually. The due date for the GST return for Composition Scheme registrants is the 18th of the month following each quarter.
Fincto provides a hassle-free GST return filing experience with the support of a team of dedicated experts. Fincto offers a seamless GST compliance journey. It's commendable to see such dedication to assisting taxpayers in their GST return filing processes.
A GST Certificate is an important document issued by the Indian government which proves that a business is registered under GST. The certificate contains crucial information like the GST identification number, name, and address of the business. With a GST Certificate on hand, businesses can easily charge and collect GST, apply for loans, and participate in tenders.
Fincto connects users with industry experts, including verified lawyers, to ensure satisfaction with their records. They track progress and provide transparency, with clients praising their clear legal requirements and regular updates.
Fincto offers a seamless, efficient process for modifying LLP agreements, allowing flexibility in adapting to changing business landscapes.
A modification to the existing provisions of a corporation's articles of incorporation
Issued by certifying authorities for electronic document signing.
The elected governing body responsible for a corporation's operation. Certificate of Incorporation: The document filed to create a corporation
A unique identification number for directors. Dissolution: The process that legally ends a corporation's existence
The act of forming a corporation under specific jurisdiction laws
An entity with limited personal liability and pass-through taxation
Protection from the debts and claims against a company
The process to secure exclusive use of a corporate name for a specific period
The statutory address of a corporation
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2023-01-05 14:00 (INTERNATIONAL TIME)
