.webp)
- Home
-
Services
Registration
Business Certification
Filing
Change in Business
- Pricing
- Blog
- Contact Us
Have you ever dreamed about starting a business, We are here to help. We can register your dream company hassle free without any charges.
Get GST registration for your business free with us. GST registration is important in growing you business. Still having a doubt get free consultation today.
Get your brand registered with us, just pay only professional fee.
We are single point solution for all legal compliances and taxation requirement of your business.
We act as a strategic partner to your business so we ensure response to all your queries same day.
We are affordable in terms of over all cost with Zero non-compliance.
Each business is different so we understand them separately and provide customized solution which bring efficiency as well as add value to your core operation.
At Protax Advisors, we understand that starting business and growing it in India requires more than just ambition—it requires strategic management, legal compliance and professional tax planning which can laydown path for a sustainable long term growth for the business. That’s where we come in.
Our team of experienced tax and compliance professionals helps businesses optimize their tax strategies, streamline regulatory compliance and return filing so that management can focus on their long term business stragegy and make informed financial decisions while growing their business.
We offer comprehensive Company registration, legal compliances, GST registration and Return, Income tax planning and trademark registration to help businesses manage regulatory complexities and enhance financial efficiency for a sustainable long term business growth.
Proper and systematic bookkeeping is the best way to start effective financial management. In this fast-changing world, where digitization of business processes becomes more rapid, Online Bookkeeping Services India has come out as the next solution for those businesses trying to achieve streamlined and efficient financial operations. Protax Advisor lets you know everything you want to master bookkeeping practices in India through online services for more accuracy and compliances.
Online bookkeeping services India uses cloud computing software and platforms to record, organize, and manage financial transactions in real time. They allow businesses much-needed flexibility and scalability and access expert financial management resources in addition to compliance with Indian Accounting Standards and other tax legislations.
Businesses must adhere to the following for ensuring compliance:
Indian Accounting Standards (Ind AS): It forms the basis of principles that aid accurate financial reporting.
Generally Accepted Accounting Principles (GAAP): Provides directions on keeping of accounts.
Companies Act, 2013: It outlines the legal provisions for maintaining books of accounts.
Tax Laws: Provisions for GST and Income Tax are implied.
Online bookkeeping services India can help the businesses automate checks on the compliances and ensure that it keeps updated records.
An efficient bookkeeping system requires that a strong process be installed:
Select Accounting Software: Tally, QuickBooks, and Zoho Books are some popular options.
Data Import: Import the historical finance records into the selected accounting software for standardization.
Cloud-based: Use cloud-based solutions for any real-time update as well as data security.
Recording financial transactions is the basic process of online bookkeeping services India:
Daily entry of all financial activity, including income, expenses, and acquisition of assets
Classification of transactions according to asset, liability as well as equity accounts.
Recording of Documents Document Retention: Store invoices, receipts, and bank statements digitally for easy retrieval and verification.
Maintaining specific books of accounts is essential to bookkeeping:
Cash Book: This documents all cash received and disbursed.
Bank Book: This deals with all activities carried out involving the banks including its deposits and withdrawals.
Purchase and Sales Ledger: This involves all purchasing and sales activity.
General Ledger: It presents a summary of all types of financial activities, providing a full view of the Business's financial health.
Reconciliations improve the accuracy of financial information
Bank Reconciliation, compares cash book entries with bank statements to identify and resolve differences.
Account Reconciliation: Ensures accounts payable and accounts receivable balances with suppliers as well as customers.
Online bookkeeping services India will enable the automation of these processes for improved accuracy.
Tax compliance is an important component of India-based bookkeeping:
GST Compliance: Record GST transactions accurately and file the GST return within the due date.
Income Tax Management: Keep record of deductions and exemptions
TDS/TCS Filing: Maintain accurate books of account for TDS and TCS.
Online bookkeeping services in India that are automated would help minimize the probable penalty issues while undertaking these tasks.
For honest financial functionality, regular audits are a must:
Internal Audit: One should review and verify his records regularly to check for any mistake or anomaly.
External Audit: Third party auditors are hired to independently check the financial statements and records against compliance.
Online platforms encompass features that help businesses prepare for audits, making online bookkeeping services India an essential constituent towards ensuring accountability.
Through cloud-based solutions, businesses are endowed with real-time financial data, equipping them to take timely and well-informed decisions.
Online accounting systems can be customized for the expanding requirement of the business. More features can include payroll handling and inventory management.
Effortless interface with ERP, CRM, and tax accounting software. This allows a homogenous approach to finance management.
Uniformity: There must be uniform practices for recording and classifying transactions.
Accuracy: Transfers must be verified to avoid mistakes and missing accounts.
Security of Data: Encrypted sites should be used to ensure data safety.
Training: Prepare employees to effectively use online bookkeeping tools.
Reduced Costs
Bookkeeping outsourcing decreases in-house financial teams, saving labor and infrastructure expenses.
Compliance Guaranteed
Automated reminders and notification regarding tax deadline dates keep the Indian government's guidelines in check.
Easier Access to Data
Online bookkeeping services enable stakeholders to view details at any time and promotes teamwork and transparency.
Online bookkeeping services India provide modern strategies to streamline financial operations, ensure compliance, and gain valuable insights. A reliable system and best practice will therefore follow through on having clear financials and running operations in an efficient manner. Protax Advisor is here to guide you through the process, ensuring your bookkeeping needs are met with precision and professionalism.
Private limited company registration in India is the most popular and legally structured business. The process of Private Limited company registration is prescribed under the Companies Act 2013, which is issued by the Ministry of Corporate Affairs (MCA). It is the most famous legal structure for doing business in India amongst entrepreneurs as it provides several benefits compared to other structures like proprietorship and Limited Liability Partnership (LLP). Pvt Ltd company registration process involves various legal compliances with the Registrar of Companies, and it is a complex exercise to complete under the MCA framework.
India is the 5th largest economy in the world and aspires to become a USD 5 Trillion economy in the next few years. Therefore, the world is focusing on India for business opportunities. India is 2nd when it comes to no. of start-ups in a FY. Aspiring middle-class people dream of starting a business; therefore, choosing the right business structure is vital to running a business. Whether you want to start your business or grow your existing business, it is important to understand these options as this will have an impact on compliance requirements related to taxation, management & paperwork requirements, companies Act 2013, Goods and Service tax, fundraising abilities & scalability. Partnerships & Sole Proprietorships are comparatively easy to start, but these are less complex and lack limited liability protection. Private Limited company registration is considered a more formal structure for doing business in India.
Pvt Ltd Company is required to audit their books of accounts every year despite their turnover. Abiding by this legal compliance requires spending more money on auditors, tax filing experts & accountants. Entrepreneurs must clearly understand the legal compliances they are willing to deal with.
Below are the five most popular business structures in India.
The MCA has introduced Simplified Proforma for Incorporating Company Electronically Plus (SPICe+), an integrated Web form offering multiple Government services. This has two parts: Part A and Part B.
Once the name is approved in Part A, Part B of the SPICe+ form must be submitted to finish the registration process. Part B helps complete the following steps:
The information entered in SPICe+ Parts A and B is immediately transferred to the associated forms
4. AGILE-PRO, eAoA, eMoA, URC1, and INC-9 (as applicable).
The list of registrations is as follows.
A concise checklist to help you navigate the Private Limited Registration Process:
It usually takes approximately 12 to 15 days to submit the SPICe+ form to the grant of the Certificate of Incorporation, which is subject to approval by the MCA. Below are a few reasons highlighting major registration challenges that can delay company registration.
At least two directors and two shareholders must register a private company in India. These directors and shareholders can be the same or different individuals, with at least one Director being an Indian Resident. The maximum number of shareholders should not exceed 200 under the Companies Act 2013.
There is no minimum capital requirement for Private Limited Company registration in India. However, a Private Limited Company needs to have a minimum of 2 shareholders, each shareholder must have at least one share. So, the company's minimum authorized and paid-up capital is at least Rs 2. This is subject to the requirements of the current account. However, at Protax Advisors we advise client to set the authorized capital at ₹1,00,000 (One Lakh), which serves as an initial estimate of the maximum investment that the company could potentially receive from its shareholders.
The basic tax rate for all domestic companies excluding Surcharge and Cess- 25%
A surcharge is an additional charge levied for income above the specified limits; it is charged on the amount of income tax calculated as per applicable rates:
Health and Education cess at 4% shall also be levied on the amount of income tax plus surcharge (if any).
Q: What is the annual compliance requirement post Private Limited Company registration?
Q: What are benefits of Private Limited company registration in India?
Limited Liability: Shareholders' Liability is restricted to the extent of their capital contribution, safeguarding personal assets from the company's financial obligations and liabilities.
Distinct Legal Identity: A Private Limited Company possesses an independent legal identity distinct from its promoters. It has the capacity to own assets, engage in contractual agreements, and initiate or defend legal actions under its own name.
Continuous Existence: The Company's existence persists irrespective of shifts in shareholders or directors. Its existence is not contingent upon the lifespan of its associates.
Ease of Funding: Raising capital by issuing shares to investors, venture capitalists, or angel investors is easier. This structure attracts external investment. This removes the capital worries when an entrepreneur start company.
Tax Benefits: Private Limited Companies may qualify for various tax benefits and exemptions, making them tax-efficient entities.
Credibility and Trust: Having "Pvt. Ltd." in your company name often instills more confidence and trust in customers, suppliers, and partners.
Q: What is drawback of Private Limited company registration in India?
Compliance Burden: Face regulatory demands for any non-compliance, including financial reporting, filings, and audits.
Complex Setup: Process and cost for managing a Pvt Ltd Company is comparatively higher.
Share Limits: Restricted shareholders maximum of 200.
Public Disclosure: Financial info is publicly accessible with small fee.
Exit Complexity: Selling or leaving is more complicated than with other structures.
Slower Decisions: The involvement of shareholders and directors may slow decision making.
Q: How many people is required to register a private Limited Company in India?
Minimum two people is required to register a Pvt Ltd. Company who will act as a director and shareholder in new incorporated company.
Q: What is process of closing a Private Limited Company in India?
You can wind up a private limited company voluntarily by following the legal process, which involves obtaining shareholders' approval, settling debts, and filing necessary documents with the RoC, these rules are prescribed under Companies Act 2013. Being a complex process, we recommend hiring a professional in closure process. At Protax Advisors we can help you to close your business at minimum cost.
Q: How to check if my Private Limited company has been registered in India?
You can verify the registration status of your company through the MCA website. To do this, navigate to the "MCA Services" section and choose "View Company/LLP Master Data" from the provided options. Input your Company's Corporate Identification Number (CIN) and click "Submit." Your company status will be displayed.
Q: Can a person doing Job can become Director in a Company?
Any person can become Director in a Company; however, person needs to check with their employer and terms and conditions mentioned in employment contract.
Q: Can we convert Private Limited Company into LLP?
Conversion of Pvt. Ltd. Company into LLP is possible as per the Companies Act 2013, and it is a complex process; we at Protax Advisors recommend taking the help of a professionals for hassle-free experience.
Q: What is difference between shareholder and Director in a Private Limited Company in India?
Shareholders are those people who have invested in the company through initial capital, also called promoters; however, Directors are entrusted with the day-to-day affairs of the company. Director may or may not be a shareholder.
Q: What is Digital Signature Certificate used in Spice Form?
A Digital Signature Certificate is the process of signing any form digitally and issued by the Certifying authority of India. It is issued by Certifying authority to individual after verification of PAN, Aadhar card, bank statement. It works on private and public key digital infrastructure.
Q: How many days is required in a private limited company registration?
The registration process typically takes 12-15 working days, depending on the completion and submission of all required documents and approvals from the Ministry of Corporate Affairs (MCA).
Q: Can we register a Private Limited Company with one person?
No, a Minimum of two directors is required to register a Pvt. Ltd. Company in India.
Q: What happens if compliance requirement not done after private Limited Company registration?
Non-compliance may result in fines, legal actions, and disqualification of directors. The company could also be marked as inactive or struck off the register by the Registrar of Companies (ROC). Additionally, continuous non-compliance can damage the company's reputation, making it difficult to secure financing or attract investors. Directors may face personal liability, and the company may incur additional costs to restore its compliance status.
Q: What happens if the registrar rejects the proposed name?
If the name is rejected, the applicant can submit up to two more names for approval. It's important to conduct a preliminary name search to avoid rejection.
Q: How to change the address of a private limited Company?
With board approval, the registered office can be changed within the same city or state. If moving to a different state, a special resolution and approval from the Regional Director of MCA are required.
Q: Can we remove the Director in a Private Limited Company?
Yes, the Director can be removed after filing relevant forms with ROC and passing a resolution in a board meeting.
Payroll outsourcing services Delhi are now becoming the flavor of the season for most businesses looking to have efficient, error-free, and complaint payroll management. Protax Advisors is well aware of the payroll process in India's regulatory scenario and takes care to provide services tailored to the diverse needs of organizations. This article explores payroll management processes with primary components like statutory compliance and transformative impact that arises from offshoring a payroll function.
Payroll outsourcing services Delhi are delegating payroll processing to a third-party service provider specialized in handling employee compensation, tax compliance, and statutory contributions on behalf of the employer and simplifying operations, ensuring regulatory compliance and optimizing focus on the key strategic priorities of the organization.
Salary Structure Optimization:
Identify tax-saving opportunities within the structure.
Align allowances and deductions with industry standards.
Customizable Payroll Reports:
Generate insightful reports such as tax summaries, PF contributions, and salary disbursement logs tailored to management needs.
Real-Time Updates on Compliance:
Receive automated notifications on regulatory changes affecting payroll processes.
Implementing time-tracking tools that integrate directly with payroll software can enhance accuracy in salary computation. Such integration eliminates manual errors, improves transparency, and ensures fair compensation.
For organizations with branches in multiple states, managing varying professional tax slabs and other state-specific deductions becomes seamless with payroll outsourcing services Delhi.
Gratuity Management:
Ensure adherence to the Payment of Gratuity Act for eligible employees.
Automate gratuity calculations to avoid discrepancies.
Maternity Benefits Compliance:
Record leaves and process compensation under the Maternity Benefit Act.
Leave Encashment:
Manage leave encashment policies as per organizational and statutory requirements.
Modern payroll outsourcing providers employ AI-driven systems and cloud-based solutions that allow real-time tracking, automatic updates, and enhanced data security.
Outsourced payroll solutions are flexible, adapting to organizational growth, workforce expansion, or seasonal employment surges.
Cloud-Based Payroll Software:
Facilitates access to payroll data anytime, anywhere.
Offers secure storage, eliminating risks of data loss.
AI and Automation Tools:
Automate repetitive tasks like payslip generation and TDS calculations.
Enable error-free and faster payroll processing.
Data Confidentiality Risks:
Employ encryption technologies to secure employee and financial data.
Dynamic Tax Policies:
Stay updated with TDS slabs, PF contribution revisions, and GST changes through automated compliance alerts provided by payroll outsourcing services Delhi.
Overcoming Payroll Discrepancies:
Periodic reconciliation of salary registers with attendance records ensures accuracy in payouts.
Pre-Payroll Audits:
Verify employee data, attendance logs, and existing compliance records before salary processing.
Annual Compliance Reviews:
Ensure error-free submissions of tax returns, PF records, and ESI filings.
Hospitality Sector:
Customized payroll to handle tips, service charges, and seasonal staff hiring.
IT and Startups:
Flexibility in payroll processing to accommodate freelancers, gig workers, and contractual employees.
Manufacturing Units:
Manage payroll for large workforces, including overtime calculations and statutory bonuses.
Integrating analytics in payroll systems provides actionable insights into trends like absenteeism, overtime costs, and employee attrition rates. These analytics empower better workforce planning and cost control.
Challenge: Navigating Delhi-specific tax laws like professional tax slabs.
Solution: Use payroll outsourcing services Delhi by experts ensuring zero error compliance.
Challenge: Handling payroll for employees belonging to different tax jurisdictions.
Solution: Use specialized tools that accommodate multi-currency transactions and global tax regulations.
With digitization becoming increasingly important, the concept of Payroll outsourcing services Delhi is bound to utilize Artificial intelligence, blockchain, and big data analytics that further improves processes, compliance, and gives deeper insights in managing payrolls.
Payroll services are no longer a luxury but a necessity for modern business operations. With payroll outsourcing services Delhi, businesses can ensure precision, save money, and fulfill all regulatory demands. Trust Protax Advisors to simplify your payroll journey with unmatched expertise and innovative solutions.
Winding up a company in India involves the process of closing down the business operations, settling liabilities, and distributing any remaining assets to shareholders. The process can be complex and varies depending on whether the company is solvent or insolvent. Here’s a step-by-step guide to the winding-up process:
Voluntary Winding Up: Initiated by the company itself. This can be further divided into:
Members’ Voluntary Winding Up: When the company is solvent and can pay its debts.
Creditors’ Voluntary Winding Up: When the company is insolvent and cannot pay its debts.
Compulsory Winding Up: Ordered by the court, typically due to insolvency or other legal reasons.
Board Meeting:
Pass a Resolution: The board of directors must pass a resolution to wind up the company voluntarily.
Declaration of Solvency: The directors must declare that the company can pay its debts in full within a specified period (usually 12 months).
General Meeting:
Pass a Special Resolution: Shareholders must pass a special resolution to wind up the company.
Appointment of Liquidator: Appoint a liquidator to handle the winding-up process.
File with Registrar:
Submit Form MGT-14: File the special resolution with the Registrar of Companies (ROC).
Submit Form 149: File the declaration of solvency with the ROC.
Advertise in Newspapers: Publish a notice of the winding-up resolution in newspapers.
Liquidation Process:
Settle Debts: Liquidator settles all debts and liabilities of the company.
Realize Assets: Liquidator sells the company's assets.
Distribute Surplus: Distribute any surplus to the shareholders.
Final Meeting:
Pass a Resolution: Hold a final meeting to approve the liquidator’s report and accounts.
File Form 151: File a return of final meeting with the ROC.
Obtain Order of Dissolution:
Apply for Dissolution: After completion of all procedures, apply to the ROC for dissolution of the company.
Board Meeting:
Pass a Resolution: The board must pass a resolution to wind up the company.
Statement of Affairs: Prepare and submit a statement of affairs showing the company’s financial position.
General Meeting:
Pass a Special Resolution: Shareholders pass a special resolution to wind up the company.
Appoint Liquidator: Appoint a liquidator to manage the winding-up process.
File with Registrar:
Submit Form MGT-14: File the special resolution with the ROC.
File Statement of Affairs: File the statement of affairs with the ROC.
Advertise in Newspapers: Publish a notice of the winding-up resolution in newspapers.
Liquidation Process:
Settle Debts: The liquidator will pay off the company's debts.
Realize Assets: Liquidator sells the company’s assets.
Distribute Proceeds: Distribute the proceeds to creditors and, if any, to shareholders.
Final Meeting:
Pass a Resolution: Hold a final meeting to approve the liquidator’s final report.
File Form 151: File a return of final meeting with the ROC.
Obtain Order of Dissolution:
Apply for Dissolution: Apply to the ROC for dissolution of the company.
Petition to Court: A petition for winding up is filed in the National Company Law Tribunal (NCLT) by creditors, shareholders, or the government.
NCLT Hearing: The NCLT will hear the petition and may pass an order for winding up if the grounds are valid.
Appointment of Liquidator: NCLT appoints a liquidator to manage the winding-up process.
Liquidation Process: The liquidator will follow the same process of settling debts, realizing assets, and distributing proceeds as in voluntary winding up.
Final Hearing: NCLT will conduct a final hearing to approve the winding-up process.
Order of Dissolution: NCLT issues an order for the dissolution of the company.
Form MGT-14: For filing special resolution with ROC.
Form 149: For declaration of solvency (for Members' Voluntary Winding Up).
Form 151: For return of final meeting.
Statement of Affairs: For Creditors’ Voluntary Winding Up.
Winding up a company is a complex process that must be handled with careful adherence to legal requirements. Whether voluntary or compulsory, ensuring accurate and timely compliance with statutory obligations is crucial to avoid legal complications and penalties. Engaging a professional, such as a Chartered Accountant or legal advisor, is highly recommended to navigate the intricacies of the process and ensure smooth closure of the company. Proper management of assets and liabilities during winding up is essential to protect the interests of all stakeholders involved
Filing a GST return is a must process for every business in Delhi to follow in order to ensure compliance with the Indian Goods and Services Tax (GST) structure. It encompasses reporting of transactions in detail, tax liabilities in detail, input tax credit. As the essence of GST compliance lies in filing the returns error-free and timely, this guiding article from Protax Advisors will make the process seamless if you are a business in Delhi.
A GST regime expects each type of return filed by businesses according to their activities and type of registration into their respective systems. This report will form the basis of tracking tax compliance, transparency, and ensuring seamless reconciliation of taxes.
GSTR-1
Filed monthly or quarterly (based on turnover).
Details outward supplies (sales).
GSTR-3B
Filed monthly.
Summary return for inward and outward supplies.
GSTR-4
Quarterly return for businesses under the Composition Scheme.
GSTR-5
Monthly return for Non-Resident Taxable Persons.
GSTR-6
Filed by Input Service Distributors.
GSTR-7
For tax deductors.
GSTR-8
Monthly return for e-commerce operators collecting tax at source.
GSTR-9
Annual return summarizing all GST transactions.
GSTR-9C
Reconciliation statement for taxpayers requiring audited financial statements.
For accurate filing, gather:
Sales and purchase invoices.
Receipts for GST payments made.
Credit and debit notes (if applicable).
Access the GST portal and log in using your GSTIN credentials.
GSTR-1: Enter outward supply details. Upload supporting invoices and review before submission.
GSTR-3B: Inward and outward supplies with a summarization of the details, which would include input tax credit; taxing liabilities.
For businesses under specialized categories:
Composition Scheme filers submit GSTR-4 quarterly.
Non-resident taxpayers file GSTR-5 monthly.
E-commerce operators use GSTR-8 for tax collected at source.
The emergence of digital platforms has made this simpler for businesses to file their GST returns. With online GST filing services, the time consumed in filing and reducing errors will be minimized.
Automated error checks to minimize inaccuracies.
Quick reconciliation of input tax credits.
Timely reminders for due dates to avoid penalties.
Protax Advisors provides efficient online GST filing services tailored for businesses in Delhi. From registration assistance to filing various types of returns, we ensure compliance with the dynamic GST framework.
Access the GST portal using secure login credentials.
Select the appropriate GST return form based on your registration.
Enter transaction details accurately.
Pay applicable GST dues online.
Generate acknowledgment receipts for your records.
Post-filing of returns, the business will have to compute the total tax liabilities and pay them through the GST portal. From the available modes of payment such as online banking and challans.
One should file GST return in Delhi with utmost accuracy and on time to avoid penalties for improper work or delay. Common errors to avoid include:
Mismatched invoice details.
Incorrect claim of input tax credits.
Delayed filings leading to late fees.
By using Protax Advisors' expertise, businesses can eliminate such errors and streamline their GST compliance.
Understanding due dates is crucial to maintaining compliance. Key deadlines include:
GSTR-1: 11th of the following month.
GSTR-3B: 20th of succeeding month.
GSTR-4: 18th of the month after quarter ends.
Annual Returns (GSTR-9 and GSTR-9C): Due date is 31st December of the FY.
Mistakes in returns can lead to complications. Errors can be rectified by filing amendments in subsequent returns, ensuring transparency with GST authorities.
Maintaining proper records is critical for GST compliance. Retain copies of:
Filed returns.
Payment receipts.
Supporting invoices and documents.
These records help businesses handle audits effectively and demonstrate transparency in tax dealings.
Filing GST return in Delhi requires understanding the types of returns, adhering to deadlines, and maintaining accuracy in reporting. Protax Advisors simplifies the process for businesses with expert guidance and robust online GST filing services.
Supporting a process and different tools will help firms to comply on time, reduce chances of errors, and stay focused on growth. Protax Advisors is here to help you, whether you will be filing monthly returns or annual reconciliations.
Get Started Today
For seamless GST compliance in Delhi, trust Protax Advisors to guide you through every stage of the filing process.
Filing income tax return filing Delhi is one of the annual duties of both individuals and businesses. This complies with the Income Tax Department regulations, reports accurate tax liability, and ensures smooth financial management. Be you salaried or self-employed, either managing a firm, income tax return filing Delhi is now very streamlined and accessible through online platforms. The following guide is all the comprehensive steps, the needed documents, and the key considerations involved in ITR filing.
For a seamless income tax return filing Delhi experience, gather these documents:
PAN Card: A mandatory identification document.
Form 16: Salary TDS certificate issued by employers.
Form 16A/16B: Details of TDS on other incomes like interest or property sales.
Bank Statements: Proof of income and transaction history.
Investment Proofs: Documents for claiming deductions (e.g., PPF, ELSS).
Income Proofs: For capital gains, rental income, or other sources.
Aadhaar Card: For e-verification.
Register on the Income Tax Portal
Visit the official Income Tax e-Filing website.
Register or log in using your PAN number.
Select the Correct ITR Form
Identify the appropriate form based on your income type.
Fill Out the Form
Enter personal details, income, deductions, and tax liability.
Ensure accuracy in reporting all sources of income.
Calculate Tax Liability
Use an online tax calculator or seek professional help.
This includes some eligible deductions under Sections 80C, 80D, etc.
Validate and Submit
Validate the form to ensure no errors.
Submit online or upload the form for manual processing.
E-Verify Your Return
Verify via Aadhaar OTP, net banking, or a digital signature.
Alternatively, mail the signed ITR-V to CPC Bengaluru.
Financial Year: April 1 to March 31.
Individual Due Date: July 31 of the assessment year.
Businesses and Firms: September 30 (or later, as applicable).
Efficiently claiming these deductions ensures minimal tax liability during income tax return filing Delhi.
Incorrect Personal Details:
Ensure PAN, Aadhaar, and bank details are accurate.
Mismatched Income Reporting:
Cross-check Form 16, bank statements, and investment proofs.
Skipping Income from Other Sources:
Include interest from savings accounts, FD, or rental income.
Delayed Filing:
Late filings attract interest and penalties.
Not Verifying the Return:
An unverified ITR is considered incomplete.
Receiving a notice from the Income Tax Department can seem daunting, but it is manageable:
Identify the Notice Type:
Whether it is for mismatch, scrutiny, or additional tax.
Respond Timely:
Log into the portal and reply within the specified timeframe.
Seek Professional Assistance:
Engage Protax Advisor for guidance on handling notices.
Avoid Penalties:
Timely filing helps evade fines under Section 234F.
Loan and Visa Approvals:
ITR documents are often mandatory for loan applications or visas.
Carry Forward Losses:
Filing on time ensures losses can be carried forward for future claims.
Ease in Financial Transactions:
Maintain a credible financial history.
At Protax Advisor, we follow the complications of income tax return filing Delhi. Our experts provide us with accurate calculations, on-time submissions, and the rightful claim of maximum deductions. Focusing on statutory compliance, Protax Advisor streamlines the online filing process for individual as well as business clients.
Filings of income tax returns are the legal obligation but also an important step towards financial discipline. By following deadlines, ITR form, and keeping accurate documentation, taxpayers ensure smooth income tax return filing in Delhi. For complex cases or added peace of mind, consult with experts at Protax Advisor for added peace of mind. Comply smoothly, reduce liabilities, and strategically manage taxes with professional guidance.
ROC Filing for Companies Act permitting companies in India is legal and covers 2013. This ensures that any company's business transactions, its financial status, and managerial information is available to the public and thus submitted to the MCA. For consultation purposes on these matters, Protax Advisors offer a general guide for businesses.
ROC filing for companies is the compulsory presentation of documents such as annual returns and financial statements to the Registrar of Companies. This keeps a company's legal status in good standing and meets statutory requirements.
Form MGT-7:
This form captures the company's shareholding structure, directorship details, and compliance status. It must be submitted annually by all companies.
Key Highlights:
Contains details about directors and key management personnel.
Includes shareholding patterns and changes during the year.
Form AOC-4:
This form is filed for financial statements, which will include balance sheet, profit and loss account, and also the auditor's report.
Key Highlights:
Reflects the company's financial health.
Required for all registered companies to ensure transparency.
Before beginning the ROC filing for companies, ensure all the required documentation is organized.
Financial Statements: Balance sheet, profit & loss account, cash flow statement, and auditor’s report.
Director’s Report: Details about the company’s activities, financial health, and governance.
Shareholding Details: Shareholding patterns and changes during the reporting period.
Visit the official MCA21 Portal and log in using the company's credentials to access the necessary forms.
Access Form MGT-7 from the MCA portal.
Complete the form with details like the company’s registration number, shareholding pattern, and management information.
Include supporting documentation such as:
Shareholding pattern.
Details of directors.
Upload the completed form on the MCA portal and verify the submission details before finalizing.
Access Form AOC-4 from the MCA portal.
Input details about financial statements, including the balance sheet and profit and loss account.
Ensure the financial documents are accurate and signed by authorized personnel.
Upload the form, verify the data, and complete the submission process.
Before filing annual returns, companies must hold their AGM to approve financial statements and other statutory reports.
Form MGT-7: Within a period of 60 days from the date of the AGM.
Form AOC-4: Within a period of 30 days from the date of the AGM.
Compute the filing fee payable as per the paid-up capital of the company and pay through the MCA portal.
Maintaining accuracy during the ROC filing for companies is vital for legal compliance. Errors in documentation can lead to penalties and delays. To ensure a smooth process:
Double-check all financial statements.
Review shareholding details for accuracy.
Filing financial statements through ROC form filing ensures that companies maintain transparency with stakeholders and regulatory authorities.
AOC-4 Filing: Demonstrates the company’s financial status and compliance with statutory requirements.
Shareholding Updates: MGT-7 captures changes in shareholding, ensuring up-to-date company records.
Compliance with the Companies Act, 2013 is managed through the ROC form filing. Submission of MGT-7 and AOC-4 will ensure proper governance.
Avoid penalties for delays in terms of timing.
Reflect transparency among the shareholder as well as the investor.
At Protax Advisors, we understand the complexities involved with ROC filing for companies. Coupled with the experience in corporate compliance, we ensure all forms are filed accurately and on time, helping the company maintain its legal standing and focus on growth.
ROC filling is another necessity a company must adhere to in India. This could be fulfilled by making the financial statements and returns accurate and within timelines, which can explain how companies are fair and transparent with governance. Protax Advisors will help businesses easily navigate the complexities of ROC filing for companies.
A Digital Signature Certificate in Delhi plays a key role in safe online dealings, e-filing taxes, and signing papers. In today's digital scene, getting a DSC is vital for companies and experts alike. Protax Advisors offers you a full guide to make it easier to get a Digital Signature Certificate Delhi.
A Digital Signature Certificate is an electronic credential during online transactions. A DSC authenticates a person's or entity's identity during online transactions. It ensures data integrity and non-repudiation, making it indispensable in any form of secure communication and fulfilling of the legal framework.
Purpose: This helps in validating the user's name and email address.
Usage: It is useful for all personal-related activities like email verification.
Purpose: This authenticates a user's identity through a trusted database.
Usage: Class 2 e-filing of company returns, income tax return, legal documents, etc.
Purpose: Ensures high security for sensitive transactions.
Usage: Compulsory where contracting involves electronic tendering, electronic auctions, and electronic bidding.
You can get any of the following Digital Signature Certificates in Delhi with Protax Advisors.
For obtaining the DSC in Delhi, you will have to choose the CA that is duly accredited by the CCA for issuing of the certificates. Examples of reliable CAs include:
eMudhra
NSDL e-Governance
Sify Technologies
CDAC
Visit the CA’s official website to begin your application process.
Before applying for the Digital Signature Certificate Delhi, a person must have the following documents:
ID Proof and Address Proof: Aadhaar card, passport, voter ID, driving license, utility bill, rent agreement, or bank statement.
Photograph: Recent passport-sized photo.
Company documents: For Corporate DSCs, Certificate of Incorporation, PAN Card and Authorisation letter.
Fill Application Form: Access the CA’s website and complete the form.
Upload Documents: Attach scanned copies of required documents.
Make Payment: Pay the applicable fee online.
Download Form: Get the DSC application form from the CA’s website.
Complete Form: Fill in all necessary details and attach documents.
Submit Form: Deliver the completed form and documents to the CA’s office.
The CA will verify your identity and documents. Depending on the CA’s procedure, this step may involve physical verification or a video call. Once verified, the CA will proceed with generating your Digital Signature Certificate.
After successful verification:
Generate DSC: The CA will create your DSC.
Delivery: The DSC will be issued either as a file for download or as a USB token.
Install on Computer: Follow the CA’s instructions to install the DSC on your system.
Configuration: Configure the certificate in browsers or applications as required.
Document Signing: Sign electronic documents securely.
E-Filing: File income tax returns, GST forms, and other regulatory filings.
E-Tendering: Participate in e-tenders and auctions.
DSCs typically have a validity of one or two years. To ensure uninterrupted use:
Apply for renewal before the expiry date.
Renewal Process of CA may require resubmission of papers.
An Digital Signature Certificate Delhi is requirment for each and every company and for each and every professional who are involved in e filing and e tendering. The personal interpretation of the identified norms also serves the purpose of checking compliance with the legal provisions.
DSCs provide robust encryption, ensuring secure transactions and protecting sensitive information.
With a DSC, businesses can streamline processes such as income tax filing, GST filing, and MCA compliance.
Delhi, being a place of business and professionals, offers streamlined services for getting the DSCs issued. With many certified authorities and service providers, obtaining a Digital Signature Certificate Delhi is without a hassle.
Acquiring a Digital Signature Certificate Delhi can be easily accomplished as it adheres to secure online transactions and the regulations of the country. Therefore, if anyone is interested in getting a DSC with all the features required, they can follow the above steps and advice from Protax Advisors.
Protax Advisors simplified our individual and Company ITR . Highly recommend their services. They are customer centric and cost effective. Try their services and you will not regret.
Their expert guidance has been invaluable in managing our compliance smoothly. A true partner in success.
We saved time and money by choosing Protax Advisors. Their proactive approach is unmatched. Their dedicated relationship manager is always available for any queries. totally satisfied.
Quick responses, personalized solutions, and affordable pricing—Protax Advisors ticks all the boxes for us.
we have taken private registration service from them and it was quick and smooth process. they have good and knowledgable people working under them.
we have taken digital signature certificate from them and it was truly a great experience. There was no issues at all. Highly recommended.
Quick responses, personalized solutions, and affordable pricing—Protax Advisors ticks all the boxes for us.
We saved time and money by choosing Protax Advisors. Their proactive approach is unmatched.
Thanks to Protax Advisors, our regulatory compliance has never been smoother.
we have taken gst registration and return filing services from Protax Advisors and we are totally satisfied with their service. highly recommended.
Discover our insightful content at Protax Advisors for GST, income tax, accounting standard, legal business compliance, business certification and personal finance.
