Skip to main content

Retail Company Registration in Tiruppur - Filingpoint

Welcome to Filingpoint Best consultant for Retail Company Registration Expert +91 72999 72500 Filingpoint   Retail Company Registration in Tiruppur is one of the best options for aspiring entrepreneurs looking to start a business in India. A retail business offers an array of profitable opportunities, including the potential to sell a wide variety of goods and services to a broad customer base. It's important to understand the legal requirements and business structure needed for a retail venture before getting started. The process of registering a business in Tirupur is typically completed within 14 working days, subject to the quick submission of all necessary paperwork and approval from regulatory officials. Once complete, the Registrar of Companies will issue the Certificate of Incorporation , showing the official creation of your business and giving it a unique company identity number. Incorporating a business in Tirupur can be an overwhelming process ...
Post a Comment

Who Is Liable to Deduct and Pay TDS Under Income Tax Act?


Who Is Liable to Deduct and Pay TDS Under Income Tax Act?

 "Call Our Business Plan Experts at +91-72999-72500"


Generally, anyone who makes a payment on your behalf and has your PAN number as the recipient is required to deduct tax at source (TDS) before making the payment. This could be your employer, a customer or even a bank which is paying you interest on your fixed deposit.

The purpose of TDS is to reduce tax evasion and make sure that everyone pays taxes on time. However, TDS is not the full percentage of tax that you are liable to pay. In fact, TDS is only a small fraction of your prospective tax liability and serves as a steady source of revenue for the government.

If you are an employee, then your employer is required to issue a TDS certificate called Form 16 which contains all the details of your salary and the amount of TDS that has been deducted. This is in addition to the salary that you receive directly from your employer.

Contractors who undertake projects like construction for government at various levels, local bodies or co-operative societies are also liable to have TDS deducted from them. The TDS rate is 1% for individuals and HUF and 2% for entities other than Individuals and HUF.

Those who receive income from different sources other than your salaried earnings or savings account interest can claim TDS refund by filing your annual income tax return. Your TDS credit will reflect in the Annual Information Statement (AIS) that you can view in your efiling account.

 

Tel:+917299972500

info@filingpoint.com

Comments

Post a Comment

Popular posts from this blog

Retail Company Registration in Tiruppur - Filingpoint

Welcome to Filingpoint Best consultant for Retail Company Registration Expert +91 72999 72500 Filingpoint   Retail Company Registration in Tiruppur is one of the best options for aspiring entrepreneurs looking to start a business in India. A retail business offers an array of profitable opportunities, including the potential to sell a wide variety of goods and services to a broad customer base. It's important to understand the legal requirements and business structure needed for a retail venture before getting started. The process of registering a business in Tirupur is typically completed within 14 working days, subject to the quick submission of all necessary paperwork and approval from regulatory officials. Once complete, the Registrar of Companies will issue the Certificate of Incorporation , showing the official creation of your business and giving it a unique company identity number. Incorporating a business in Tirupur can be an overwhelming process ...
Post a Comment
Read more

GST registration process step by step for Individual

Welcome to FilingPoint Blog +91 7299972500 for clarify GST doubts online in Chennai What is the GST registration process step by step for Individuals? When you want to register for GST, you will need to complete the 'Register Online' procedure. There are several steps involved in this process. you will learn about the process in step-by-step detail. The next step is to fill out your part-B details. The details you provide in this section are used to identify your business and assess its tax liability .   This process will take around seven days. During the verification process, the tax authorities raise queries . You should contact them within three common working days and get the answers to your queries. In the meantime, you can submit additional documents or clarifications to the tax authority. In the meantime, you can use the GST Portal to submit your documents and response to the tax officer's query   If you are an individual, you...
Post a Comment
Read more

How to Create a Business Plan for a New Company in India?

How to Create a Business Plan for a New Company in India? "Call Our Business Plan Experts at +91-72999-72500" Starting a business is a risky venture and it requires a lot of hard work to establish it. In order to be able to achieve your goals, you need to prepare a proper business plan and follow it strictly. This will help you to make the right decisions and avoid any issues in the future. Writing a business plan may seem like a tedious task but it can save you a lot of hassle in the long run. It will also help you in getting funding from potential investors and attracting business associates. It will provide you a clear picture of how your company is going to operate and what steps you need to take to make it successful. The first section of the business plan outlines what you're selling and how it differs from your competitors. It should include a market research analysis , which will allow you to prove that you have a comprehensive understanding o...
Post a Comment
Read more