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what is private limited company

rivate Limited Company are registered form of business and it’s popular and in trend now. To start the Private limited company there are Minimum of 2 members and Directors are required. The members can invest in capital from a minimum of Rs. 1 per person and has no limit on the maximum capital which can be Contributed by the members of the Company. The day to day activities are taken care by the Directors of the Company and the major decision are to be taken by the Members or Shareholders of the Company. Starting a private limited companies have various advantages and if you are looking to start a new business venture or to expand the existing business then registration of Private limited Company by Companybanalo.com should be the best option. The start-upIndiainitiative also recommend the Company from of structure and have added tax advantage compared to Partnership Companies. It is easy to fetch investments in share of a Private limited company then compare dto any other unregistered organisations. The shares in the company help investors to get in the company easily and also quit at their convenience.

Benefits of Private Limited Company

Know more about how Private Limited
Company Registration Works

  • A steady inflow of income to the government
  • No burden of paying tax lump sum as the payment is done every three months for the whole year
  • Facilitates a smooth collection of taxes used for welfare

procedure

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Company Registration Works

1Submitting the required documents

2Preparation of TDS return

3Confirmation of Draft

4Filing TDS return online

5Acknowledgment of filing the return

6Task Completed

documents required

Know more about how Private Limited
Company Registration Works

TAN-The Tax Account Number of the deductor

Tax Paid Receipt-Acknowledgement receipt of the tax paid to Government

Details of tax deducted-Provide us details of the tax deducted

Details of Supplies-Details of the inward and outward taxable supplies along with details of invoice

faq

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Company Registration Works

Any assessee deducting tax from a source must file the TDS return. Unless one has deducted tax, a requirement to file TDS return does not arise.

 

As the name says, TDS is collected on source of income and therefore the frequency of collection is as frequent as the transactions are. This makes track of deduction difficult. Therefore, a certificate on the letterhead of the deductor is issued to deductee for the TDS payment. Individuals are advised to request for TDS certificate wherever applicable, if not already provided.
1. The taxpayer failed to file TDS return before due date has to pay RS. 200 per day of delay in filing as an additional fee. Apart from an additional fee, the penalty can be levied u/s 271H of Income Tax Act. The minimum penalty prescribed is RS. 10,000 which may extend to One Lakh Rupees
Tax Deducted at Source (TDS) must be deposited through banks using Challan 281 quoting the TAN number of the entity. The deadline for payment of TDS is the 7th day of each month.
It is a document which serves as an annexure to the intimation to be sent to the deductor. Intimation will be sent to the deductor through mail/post but a justification report will have to be downloaded from the portal

why companybanalo.com

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Company Registration Works

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been
the industry's standard dummy.