Now register your LLP in the most time and money efficient manner ever!

One of the newest business forms, the Limited Liability Partnership (LLP) has become the new favourite of start-up entrepreneurs for various reasons such as limited liability, advantages in taxes, and also since it is considerably cheaper to begin and sustain. Offering dual advantages, the benefits of a company and flexibility of a partnership firm is the other reason for likeability of this commercial form of business.

For setting up a LLP in India, a long procedure has to be followed. One has to acquire permissions, obtain certain certificates and file applications. For example, it is mandatory to obtain the Digital Signature Certificate and Designated Partner Identification Number to incorporate an LLP. Further getting the name approved is also a strenuous task. Also one is required to file application for Incorporation and LLP Agreement.

All these tasks are as complex as they sound and for someone new to this sector, all the paper work and legal procedures can be nightmares. Understanding the need to simplify the process and requirement of assistance throughout the process, eFilingportal.in has been created. It is an online portal which is exclusively designed to ease off the process for you and turn it into a less hectic, less stressful and less complicated journey towards the realisation of your dreams.

The portal requires you to provide the required information, papers and shed all the worries. Once the work is taken up by the portal, you are free from the infinite number of signatures, tedious and monotonous paperwork and tiresome legal formalities. Please note that we maintain proper security for the information provided to us. After handing over the job to eFilingportal.in, you will be free to think and plan about the other important aspects of your business.       

Along with registering availing facilities of easily registering you LLP, as mentioned above, the portal also provides services like Service Tax Registration, TIN VAT CST Registration, Import Export Code Registration and other similar services.

So, all the aspiring business men of India who wish to join the dynamic world of business, to log on to www.eFilingportal.in to have a smooth experience.

Want to register your LLP but scared of the procedure? eFilingportal.in bring to you a worry free business registration procedure.eFilingportal.in brings to you the easiest and most stress free way to turn your dream into reality.

Contact Us

eFiling Portal
509, Sector – 27, Gurgaon, Haryana, 122009 India
Contact Number : 9-555-247-000 , 888-2-247-000
Email : info@efilingportal.in

For More information please visit here:  Limited Liability Partnership Registration and Limited Liability Partnership

A limited company is popularly called limited liability Company, which involves a type of business ownership to discover several features of the business. A company that is formed as limited shares few aspects with a corporation, few with privately owned company and few with a partnership. For limited company formation, there involves both favors and disfavors. One of the major advantages of a limited company is that the liability is limited by the members of the company. The members of the company are not accountable for the balance and debts. All the debts of the limited company are under the sole responsibility of the company, which cannot be bear by its members. By this way, a limited company functions in more the similar way as a corporation, however with some restrictions and requirements of the members. While establishing a business, you need to choose among the number of business structures like limited company, sole trader and limited liability partnership.

Benefits of forming limited company:

There are several benefits of limited company formation. The limited liabilities allows shareholders and directors to remain free from being worried for the possibility of failure that could in turn aids them make transaction more freely. In the scenarios of failure faced by the company, the company’s personal assets will be in danger when they are non-restricted firms like a non-limited business establishment or other sole proprietorship. As long as the limited company formed is legal, there is no necessity for any official to undertake business operations with a feel of anxiety from losing the personal assets as mentioned in the provisions of companies act. When it comes to favors of reduction incentives and tax exemption, unlike the partnerships and the sole proprietorships, the initial 10, 000 of a limited company profits will be considered as tax exempt. The shareholders are allowed dividends that are sourced out of the company profits. In the recent days, national insurance is not associated with reducing tax liabilities and paying dividends further. In the limited companies, modifications in legislation for the previous years involve reduced costs in terms of accounting and tax.

Protecting company name and cost factors:

A limited company is not necessitated to start trading within a set time frame after making registration. This enables prospective entrepreneurs to register their corresponding business names in the hope of future developments. Being as a first business to register the name would assist in minimizing the cost and also becoming able to gain the benefit of being first mover as no two businesses must have the same. Suppliers, customers and businessmen have more confidence with this type of limited company formation. Large organizations often don’t prefer setting up dealings with non-limited businesses. It is greatly seeking suggestions from professional agency that could help in forming a limited company. As registering for forming ltd company involves a complex process, the intervention of reputed agency is important as they can offer quality, trustworthy and fast services at a considerable price range.

Pan number is a permanent account number issued by income tax department of India used for filing income tax returns as well as identity proof in several other financial transactions. It plays a vital role in a wide range of transactions such as opening a new bank account, applying from debit or credit card, insurance payment, buying or selling property, fixed or cash deposit, investment in shares and mutual funds and much more. Thus, pan number is an essential document required for varied purposes in India. It is important to carefully handle your pan to protect it from any damage.

Duplicate pan card in India

Losing your pan can leave you feeling tensed and restless. However, there is no reason to fret as now it is easy to get your pan number re-issued. You can apply for pan card online India through the official website of the income tax authority of India. You can also get assistance from private agencies to complete the process from beginning till end without any hassle. You can apply for the duplicate pan in the following cases

• Your PAN number has been lost
• Your PAN card Broken / Damaged
• You need second original copy of PAN

Procedure for applying for pan card online in India

• Visit the official website of income tax department https://tin.tin.nsdl.com/pan/
• Click on “Reprint of PAN Card”
• Click/select “Online Application for Changes Or Correction in PAN Data (PAN Change Request Form)”
• Fill out the form and make the payment
• Once you make the payment, you will get acknowledgement number
• You can check pan status with acknowledgement number
• You need to provide valid Identity proofs, address proofs and Birth date proofs and form 49A for PAN number.
• It is important to carefully fill the forms and complete all formalities to get your pan number. One must thoroughly read all the instructions to complete all the formalities.

Getting assistance from third parties/agencies

Many people find it tough to complete all the formalities involved in getting duplicate PAN. In today’s busy lives, people find it tough to take some time out of their daily schedule to get a new pan.

There are agencies to assist individuals and corporate firms in need of pan number. These agencies provide complete assistance to apply for pan card in India from start till end. They will fill and submit the application form and all other required documents and get the pan card from the authority and deliver it to the client’s desired address. They also provide samples and how to guide and instructions to help individuals in filling various forms.

It is advisable to conduct a thorough research to find reputed and renowned agency to get assistance for PAN issues.

Income tax rebates are a prominent tool applied by lots of governments to motivate men and women to commit in certain monetary goods or start businesses. There certainly are great factors for the rebates, although supposing that you’re holding an investment or in company for the tax advantages you’re making it happen for the following inappropriate explanations.

1. Pension plan funds allow one to place pre-tax money in an investment fund for retirement life. For instance, in some country, pensioners can take away a specified lump sum from their funds at retired life without acquiring any tax. The rest earns money out on a monthly basis (known as an annuity) and incurs tax.

The tax-free withdrawal is typically cited as an excellent need to invest in a pension fund, and is used by the government to attract people to save for their futures.

2. Retirement allowances are widely used in some country to assist supplement pension finance savings. Instead of employing pre-tax money, allowances are investment automobiles for post-tax cash. To help draw men and women into these products, tax rebates are provided on yearly contributions.

Over the past couple of years lots of people knowledge inadequate functionality when it came to their retirement pension but they will stay put thanks to the tax benefits.

3.Buy-to-let building is a terrific method to develop wealth but a few people purchase rental home for the tax rebates.

For instance, if your rental revenue for the year was $6000 and your expenditures $7000, your annual decrease is $1000. Say your personal income tax rate is 40 %, the government will pay you $400 for maintaining the $1000 reduction.

The strange thing is that people get thrilled when the government compensates and it stops some financiers from selling assets that are losing them funds.

4. The federal government additionally uses income tax rebates to encourage entrepreneurship. Company tax is set at 28 % in these countries, whereas the highest possible personal income tax bracket is at 40 %. From a tax point of view, it is more valuable to administer business out of a business entity than to work one’s way up the company ladder.

-Would most likely you somewhat pay the government income tax or get a tax payment from the government?

-Would most likely you rather invest in a finance that performs badly but provides a tax benefit, compared with a fund that executes well but supplies no tax benefits.

Be sure you are sincere.

The only period you spend income tax is when your enterprise or investments make a profit. A profit is a good thing. On the other hand, if your assets make a loss you may acquire a tax benefit from the authorities like with real property. Remember a loss is not a good idea.

Is your assets or company goal to make a loss or profit? Why use up a resource for the tax advantages? Why hold onto a loss-generating enterprise solely for the tax payment.

You have to purchase or hold on to an investment or business in case you are certain that you will be awarded for your works, in terms of revenue and return, not in tax.

One usually goes on a sea cruise for the complete experience, except the tasty chocolate muffins. Income tax rebates need to be managed as a value-add, not as a key resource to make essential business choices.

Before you know it, it is that time of the year when you have to consolidate all your earnings, savings and check if you have paid all your taxes! In your hectic lifestyle, when balancing between personal and professional life itself takes a toll on your time, it is very difficult to keep track of all the dates and the taxes you need to pay on time. 

With the integration of internet into our daily life, we can easily pay our GST lodgement taxes online or check the balance in our self managed super fund just by sitting at our work station. Though internet has made a lot of banking and investments services easily accessible, it doesn’t give us the right type of info and advise we need to manage all of our funds and taxes. That is why you need the advice and support of experts in the field. 

Whether you’re saving money for your future or paying taxes, you should keep a track of all the payment deadlines and other minute details. All this could be very difficult in your busy lifestyle. When you take the help of professional advisors, you don’t have to deal with the nitty-gritty details of all these payments. Plus, you can have the peace of mind that you’re doing all the right things about your earnings. 

You can save money for use after your retirement in the self managed super fund. As the name of the savings fund describes, it is an investment that you can manage by yourself. In order to get the most of your retirement fund, you should preferably take the advice of professionals. An experienced accountant will be able to guide you on setting up this savings fund, so you will be able to get maximum tax savings. They will also help you decide on the contribution caps, rollovers, transitions and calculate your deductions. 

The Goods and Services Tax Act 1999 clearly states that “If you are registered or required to be registered, then you must give the commissioner “GST” return for each tax period. Whether your net tax amount is zero or a considerable sum of money, you should pay the GST lodgement. This tax return can be paid quarterly and all payments can be made electronically. Though it looks like a pretty straightforward tax, there are lots of details that you should look into before you make your payment. An expert business advisor will be able to give you the right guidance is paying your GST taxes.

We are expecting that the new regime of GST in India will have an important influence on the Indian Trades and will have a worthy affect the business established in India.

A new regime of GST in India will create the targeted revenues with the minimization of exemption. It’ll broaden the taxes base and decrease the tax premiums. GST is dependent on destination principle, so the distortions will be reduced fostering a common market throughout the country. The compliance cost can come down and the trade and industry will become more competitive resulting in a growth in exports and lower costs for domestic consumers.

As we know the impact of GST, Central and State taxes will be subsumed, comprehensive set off of input goods along with services and phasing from CST would decrease the cost of local manufactured goods and services. This will boost the competitiveness of Indian goods and services in international market and thus boost to the exports.

In GST, Exports will be zero rated. As a result, the exporters will soon be eligible to claim the refund on the eligible input tax credits subject to conditions, constraint and procedures. Identical benefits may be given to Special Economics Areas and specific zones (SEZs). Such benefits are only going to be allowed to the processing regions on the SEZs. No benefit to the Sales from a SEZ to DTA will be allowed.

Equally CGST and SGST will be levied on Significance of goods and services to the country. The incidence of tax will track the principle of destination based taxes. The SGST of the State will be applicable where the goods are consumed. Complete and whole set-off will be obtainable on GST paid on imports with goods.

In the impact of GST, the relief is given to those who have Small businesses. They’re out of the purview of the particular GST, means that the businesses having an annual turnover of less than Rs 10 lacs will be exempted from GST.

Also, in the awareness of small investors a814nd small size industries and to prevent dual control, the State considered the threshold for CGST tax for goods might be kept at Rs 1.5 crore and the threshold for services must also be large.

The IT infrastructure requirement will undoubtedly be shared by the Central Government through the utilization of its own IT infrastructure ability. The problems of tying in the State Infrastructure facilities while using Central facilities and further improvement with the States own structure, including TINXSYS, is to be attended to expeditiously and in a period bound manner.

Alcohol based drinks will be kept out of the purview of GST. Sales Tax/Vat might be still be levied on alcohol based drinks as is prevailing in today’s system. There is no objection if the State imposes Vat on it and if inflict excise duty which could also to not be affected. On the other hand, tobacco products will be subjected to GST.

And for petroleum products, the basket of petroleum products will be left out of GST as is the usual practice in India. Sales Tax could still to be levied on these items.

PAN card is a permanent account number provided by income tax department in India to every tax payer including Indian citizens, foreigners, domestic and international corporate firms having taxable income accrued in India.

Significance of a PAN in India

One needs to present a copy of PAN while applying for a bank account in India. It is also required for applying for debit and credit cards in India. Similarly, it is also mandatory to have PAN number for making any premium payment to insurance companies for amount exceeding Rs. 50,000 in any year or for depositing cash in a bank account exceeding Rs. 50,000 at a time. If you are planning to buy or sell vehicle costing more than Rs. 5,00,000 then it is compulsory to deposit a copy of a PAN.

Getting assistance from PAN card agencies

Gone are the days when people used to wait on their hand and foot outside government agencies to get a new pan number or renewing the existing pan or to know the new PAN card status. It used to be tedious and time consuming task. With reputed and renowned private agencies in India providing online assistance from start till end, it has become easy and quick to get assistance for your PAN. Whether you are Indian citizen or a foreigner and whether you are domestic firm or an international company, these pan agencies cater to the varied needs of individuals and corporate firms. Here are some of features of PAN card agencies:

• Pan card agencies cater to the needs of the Indian community living around the world as well as foreigners willing to apply for PAN in India.
• These agencies provide assistance to PAN number seekers with varied needs such as new, lost, duplicate, correction etc.
• They usually take care of everything from start to finish including submitting application to the center to tracing PAN card status & coordinating with authority.
• They provide online assistance to people willing to have a pan number. They also provide samples, forms & instructions on how to fill them.
• In most of the cases, foreigners don’t need to get their documents attested by the Indian embassy in most cases.

These agencies make it easy fast and hassle free to get your pan number issued. You don’t need to stand in queues to know about new pan card status or to make a demand draft (DD) from the bank. They take care of everything from start to finish and deliver pan at your desired address within shortest span of time. They usually charge one flat fee including everything such as government processing & mailing, DD and service charges. It is advisable to conduct through research to find a reliable agency for quick, reliable and adequate assistance. 

There are a number of people who own investment property yet have not yet got their depreciation schedules done. This is mainly due to one or more reason such as they were unaware about it maybe their accountant never informed them about their right full claim. If you are planning to build a commercial building or selling an old property, then it is must that you consider tax depreciation. With Tax Depreciation Schedules prepared it allows the taxpayer to recover the cost of a property or assets.

Tax depreciation is made under strict rules and only registered quantity surveyors can make these schedules. Over a period time tax on an asset can be recovered owing to its depreciation. It is necessary that you claim investment property depreciation as it is ones legal right and can add to your income. The value of plant asset depreciation and over time they wear out. No matter property is new, old or renovated one has the right to claim tax deductions on them. When a professional does the work rest assured that you are maximizing the cash return from your investment property. They ensure that each depreciation claim is maximized on the building and you get what is rightfully yours.

The benefits and investor receive on depreciation vary depending on the type of building, its age, and its use. Diminishing value methods are used when preparing tax depreciation schedules for commercial, industrial or residential building. Most companies are accredited with the government certification who provide prompt and professional service to clients. Below is the process that quantity surveyors follow when preparing tax depreciation schedules:

1. They will visit the site and carry out a detailed inspection of the property from measuring, taking photographs ensuring that it is eligible for depreciation.

2. They compile all the detailed records and photographs to go in for the claim.

3. All the documents associated with the property, then examine their usefulness for the    purpose of the claim is determined.

4. Then a detailed schedule is prepared for submission.

The schedules that are prepared to ensure maximum items are identified, including all the low-cost and low value items. These are valid for a lifetime of the property or till the time any major changes are done in the property. In the end it is must for all property owners to investigate whether they are eligible for any tax deduction or not. To know more, visit http://tslquantitysurveying.com.au/ 

The corporate tax planning is a mandatory tax for any business to meet the obligations to the government, increase profits and plan further. This can be done easily with the help of the experienced tax advisory firm or tax consultant. There has to be the strategies and implementation of policies which aids in planning the corporate tax effectively. Filing a corporate tax becomes easy with the experts services and professionals help.

Taxes cannot be avoided

If you believe taxes can be avoided in business then, you are sadly mistaken. If a business owing products or services being made or sold, it needs to pay some portion of its profit to the government in the form of taxes. However, the taxes incurred on the company can be maintained or minimized with the help of tax planning. Therefore, a tax advisor, accountant or a tax firm can be fruitful and enable business to grow and reap profits.

It is a matter of fact that the tax planning and corporate tax rules differ as per the countries and the size of the corporate. Profit on income as well on capital can be gained by paying tax. If company is not paying tax, then it is neglecting the basics legal structure of the country. It is the lawyer who helps and provides advice to the corporate taxes and saves the company from extra levy.

Accounting methods

Corporate tax is somewhat depended on the accounting methodology of the company. It can influence the cash flow and taxes related to the business. When long-term performance of the company is to be calculated it need to perform the accounting and charting. Moreover, the accountant also provides the Advice on tax planning opportunities to optimize tax incidence. You will have to acquire a systematic accounting method which will enhance the corporate working system and helps in taxation.

Seek Expert advisory service

Nangia & co. offers Indian Income Tax Laws Advisory services. You can benefit from the services of the professionals having deep knowledge of corporate tax and laws. Hiring an expert can turn out beneficial in the long run. It will help you plan your tax and corporate profits. Professionals offer experienced services to the clients looking for corporate tax help can get the experienced Assistance in tax compliance. The firm has the top-notch industry experts and professionals providing high quality services to the corporate, businesses in the market.

If you received IRS audit letter, then, don’t feel panic. Internal Revenue Service, federal enforcement and tax collection agency has harsh penalties for the tax evaders. Sometimes, even, honest taxpayers faces such tax issues.

Mainly, there are two types of IRS audits. First one is that you reply by mail. In this, IRS needs some clarification about some issues. Second is office visit in which you are asked to fix an appointment by making a call. Handling audits proceedings on your own is not easy because you might not be aware of everything that IRS needs to examine. It might be possible that you give away more information which further puts you into the inspection. If you have some expert who guides you through the process, you will have the enough idea and confidence that you are taking the right step towards the better audit.

Getting tax help is always a good idea. Dealing with the tax issues is not easy. Professional help is required in this matter. There are many firms with qualified professionals who speak and makes some negotiations with the federal officials on your behalf. Having services from the professionals who are well experienced in taxation is preferable to get out of IRS audits. Audit representative decreases your exposure to adverse adjustments from the IRS auditor. He should know the difference between evidences that what is taken as a support and what is not. There are some points which should be kept in mind while hiring a professional audit representative. These are:

How to select an audit representative?

1. Trust: It is important to have conversation with the person representing you so that you can have trust on him before hiring.                                                                                                
2. Experience: Know that whether that firm or a person do IRS audits representation daily or occasionally.                                                                                                                    
3. Knowledge: You need to hire someone that have extensive education and knowledge in taxation.

If any firm meets all the above criteria, then, it will be a good choice to select. As the laws and processes of the Internal Revenue Service are very complicated, so you will definately need assistance from someone who better knows how the system work.

There are many reputed firms engaged in offering relevant services in this field. If you are resident of Los Angeles or Orange County or Ventura County and facing IRS audits issues, then, hire someone who are very well aware of the slight variances exist in the legal issues prevalent in Los Angeles, and hence, can provide you with the most apt help.

Dan Harris Inc. is one such firm who provides reliable IRS Audits in Los Angeles, Orange County and Ventura County. They are offering professional income tax services with ease of income tax filing burden. So, whether you require income tax services for personal, business, trust, or tax-exempt entity income tax preparation and services, they make your income tax filing requirements easy and simple. For IRS tax resolution and tax return preparation, Dan Harris Inc is the best place to contact.

To know more about the IRS Audits in Los Angeles, Orange County and Ventura County, please visit : http://www.danharrisinc.com/