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Mani@fairmoves.in +91 9840996968

Tax Services

ROC Registration

Formation of a company is a complex activity involving completion of legal formalities and procedures. The process can be divided into three distinct stages, which are:

Promotion: It begins with a potential business idea. Certain feasibility studies e.g., technical, financial and economic, are conducted to determine whether the idea can be profitably exploited. In case, the investigations yield favourable results, promoters may decide to form the company. Persons who conceive the business idea, decide to form a company, take necessary steps for the same, and assume associated risks, are called promoters.

Promotion

romotion is the first stage in the formation of a company. It involves conceiving a business idea and taking an initiative to form a company so that practical shape can be given to exploiting the available business opportunity. Thus, it begins with somebody having discovered a potential business idea.. If such a person or a group of persons or a company proceeds to form a company, then, they are said to be the promoters of the company. A promoter is said to be the one who undertakes to form a company with reference to a given project and to set it going and who takes the necessary steps to accomplish that purpose.

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Steps in Promotion

Approval of company’s name is taken from the Registrar of Companies & Signatories to the Memorandum of Association are fixed.

Documents necessary for registration are prepared Necessary Documents

  • Memorandum of Association
  • Articles of Association
  • Consent of proposed directors
  • Agreement, if any, with proposed managing or whole time director
  • Statutory declaration
Incorporation

Post identification of the business opportunity & its feasibilities, the promoters should initiate the process of registering the company. The application for registration must be accompanied with the mandatory documents. A company is legally born on the date printed on the Certificate of Incorporation. It becomes a legal entity with perpetual succession on such date and post which it is entitled to enter into valid contracts. The Certificate of Incorporation is a conclusive evidence of the regularity of the incorporation of a company.

Subscription

Once the company is subscribed with the capital required for the business. The promoters fund the capital for the function of the business post appointment of bankers.

Compliance Registrations

  • PAN Registration: A permanent Account Number is required to transact in business and has to be applied with the income tax department.
  • TAN Registration: The Company has to register under the income tax department and procure a Tax account number (TAN). A TAN Number is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.
  • GST Registration: A company has to register itself under the Goods & Service Tax and procure a GST number. The GST number is mandatory for businesses with turnover of above 20 Lacs. The GST number is required for any business to claim the input credits.
  • ESI & PF registration: The Company has to register itself under the ESI & PF departments and is mandatory to file periodic returns on a monthly basis.

At Fairmoves we help companies to handle the complexities of registration & incorporation of your business. Let’s take care of the process & you can stay focussed on the business opportunities.

Call us for a seamless setup of your dream business
Call Us
EMI Calculator

Loan Amount

1000000
10000150000000
0
3 C
6 C
9 C
12 C
15 C

Loan Duration (In Months)

120
0100200300400500

Interest Rate (%)

14
020406080100
EMI Calculation

Loan Summary

Monthly Payment (EMI)

Rs. 15,527

Total Interest Payable

Rs. 8,63,240

Total Repayment

Rs. 18,63,240

Principal Amount & Interest Breakup

Created with Highcharts 11.4.8Chart context menuPrincipal AmountInterest Amount
Created with Highcharts 11.4.8YearsLoan BalanceEMI Payment / YearChart context menuLoan Repayment ChartPrincipalInterestPrincipal + IntLoan Balance202520262027202820292030203120322033203420350250k500k750k1 000k1 250k040k80k120k160k200k

Any business needs to record their financial transactions on a daily basis and the transactions so recorded needs to be interpreted, Categorized, Analysed and reported as different financial formats as per the prevailing accounting standards.

Book keeping is the process of recording such transactions and accounting forms the basis for all the statutory compliances defined by the Ministry of Corporate Affairs in accordance with the Income tax, GST and various other laws.

Such recorded transactions are used to derive various reports which are used for filing compliance returns such as TDS, GST & Income Tax.

Hence, Book keeping of every transactions & maintaining accounting standards are the back bone of any business and hence the same should be given utmost importance.

At Fairmoves, we offer professional guidance & support in keeping your books clean and your accounts are met with the highest standards.

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Call us for a seamless setup of your dream business
Call Us
EMI Calculator

Loan Amount

1000000
10000150000000
0
3 C
6 C
9 C
12 C
15 C

Loan Duration (In Months)

120
0100200300400500

Interest Rate (%)

14
020406080100
EMI Calculation

Loan Summary

Monthly Payment (EMI)

Rs. 15,527

Total Interest Payable

Rs. 8,63,240

Total Repayment

Rs. 18,63,240

Principal Amount & Interest Breakup

Created with Highcharts 11.4.8Chart context menuPrincipal AmountInterest Amount
Created with Highcharts 11.4.8YearsLoan BalanceEMI Payment / YearChart context menuLoan Repayment ChartPrincipalInterestPrincipal + IntLoan Balance202520262027202820292030203120322033203420350250k500k750k1 000k1 250k040k80k120k160k200k

Filing of Returns is the most important part of compliance to various regulations. The regulatory filing includes –

TDS Filing

Every payment made to vendors & employees are to be subjected to Tax deducted at source. The TDS should be deducted as per the slabs prescribed to various business activities. Such deducted taxes are to be recorded and filed as returns as per the frequency prescribed in the regulations.

The TDS filing should be on Monthly, Quarterly & Annual Basis. Such returns forms the basis of tax credit statements for your vendors & employees.

GST Filing

GST filing of returns is mandatory and to be filed on monthly, Quarterly & Annual returns. The Filing of GST returns enables your vendor to take credit of GST Payments and also allows you to take input credit for the GST paid by you.

ESI

ESI is an employee welfare program and is mandatory for every organisation to provide ESI benefit for its employees who qualify for it. It is an act and the ESI payments have to be done on monthly basis and filing should be done on monthly basis.

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PF

Provident Fund deductions and payments to be paid to the department on a monthly basis and such payments have to be accounted through submission of periodical returns.

Income Tax Filing

Every business has to account its transactions and based on such accounts the Profit & Loss Statements and Balance Sheet of such business has to be recorded. Based on these statements the company has to pay the income tax as computed by the consultants. The filing of income tax returns are important for any business not only from the statutory point of view but also it is the basic document in case if the business requires funding from any banks or other financial institutions. The account statements are the testimony of a healthy business.

At Fairmoves, we help you to stay compliant to various accounting & filing requirements. Our experts help you to ensure the same is done on time and also do ensure that your business gets the best advice on various accounting standards.

EMI Calculator

Loan Amount

1000000
10000150000000
0
3 C
6 C
9 C
12 C
15 C

Loan Duration (In Months)

120
0100200300400500

Interest Rate (%)

14
020406080100
EMI Calculation

Loan Summary

Monthly Payment (EMI)

Rs. 15,527

Total Interest Payable

Rs. 8,63,240

Total Repayment

Rs. 18,63,240

Principal Amount & Interest Breakup

Created with Highcharts 11.4.8Chart context menuPrincipal AmountInterest Amount
Created with Highcharts 11.4.8YearsLoan BalanceEMI Payment / YearChart context menuLoan Repayment ChartPrincipalInterestPrincipal + IntLoan Balance202520262027202820292030203120322033203420350250k500k750k1 000k1 250k040k80k120k160k200k

GST Filing

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Accounting & Book Keeping

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