How to set up a private limited company?

In this blog, I am going to share the information on how to set up a private limited company. This blog is brought to you by the best service provider of private limited company registration in Delhi that will tell you the tips to set a private limited company. Read this blog and set your own private limited company.

The private limited company is the company which is managed by the group of individuals, and they do not offer their own shares to the public. It is the type of privately small business entity. It is a firm that is limited to have fewer shareholders. It is an independent legal structure and has limited liability. Limited liability means the liability is limited to your own stake. It offers legal protection for its shareholder, but it has certain restrictions on its own.

Now, I have 4 major tips that help you to set up a private limited company. Go through these tips and clear your doubt about a private limited company.

1.    Choose a name

The company is the brand or trade name along with its activities. It should be registered name so that your incorporated company is identified. It should be a unique name which does not match to any existing company or LLP.

2.    Have a company address

Company address is the registered office address which is used for all official communication. At the time of company registration, a temporary company address is required.

3.    Appoint at least  two directors

At the time of company registration, at least two directors are required to manage the affairs of the company and one director should be the residents of India.

4.    Apply for DIN/DSC for each director

DIN is an eight digit number allotted to a director. Without applying for DIN/DSC you cannot register for the new private company.

So, these are the helpful tips to set up a private limited company. This will help you to know about the new registration of the company. One of the best and the lavish service provider of FSSAI, GST registration and SSI online registration in Delhi is Tax Home. Tax Home is the best market leader in company registration in Delhi that helps you to solve your business issues quickly & efficiently in less time.

What is the importance of International taxation?

In this blog, you will read about the international taxation and its importance. This will help you to understand about the international taxation. This Blog is brought to you by the leading service provider of International taxation in Delhi that gives you the best business services.

International taxation is the study and practice that centers on the application of taxes and tax law in the international community. It relates to individuals, businesses and government agencies. It also refers to treaty provisions relieving international double taxation. It also applies on international trades and investments. The taxation of international transactions becomes more important because of the country's trade and commerce increases.

Now, I have a few points that explains you the rising importance of international taxation. Read these points and know the importance of international taxation.

Regulating globalization

Financial development debates the potential of the international taxation for financing sustainable development as well as regulating globalization. International taxes are necessary and realistic.

·         Helping multinational comply

There is an increasing demand for tax services from multinational companies. This includes larger multinational companies. They keep pace with their compliance requirements everywhere they do business. It helps to avoid additional risks and contributes to the business. It provides trusted advisors who understand your strategy and global footprint.

·         Innovation for a data intelligence solution

Accessing and analyzing huge amounts of data is an increasing part of taxation. There are a tax intelligence solution and it helps to enable client to access every data and understand their business in a new way that they could not before. It is all managed by KPMG professionals.

So, these are the points that tell you the importance of international taxation. By reading this blog, you will understand the importance of international taxation. You can avail the services of Internation Taxation from its leading service provider, Tax Home. Tax home is the best service providers of International Taxation and ROC filing in Delhi. Tax Home provides you the best solution to solve the tax issues and get the best way to solve your business related issues. Please feel free to approach Tax home and get the best way to solve your business registration problems.

Importance of FSSAI license for restaurant business

The maintenance of food quality levels is very important for any restaurant and food business. It is an aim to ensure food safety and provide satisfaction for every restaurant. So, FSSAI (Food safety and standards authority of India) plays an important role to measure the food quality. It implements measures in order to eliminate the toxic and hazardous elements from the food.

If you are the one, who is carrying the food business, need to make an application to get the FSSAI License from the designated officer. You need a permission of FSSAI to operate food businesses in India. In this article, we will discuss how important is FSSAI registration Delhi. So, let’s not waste time and know the importance of FSSAI License for the restaurant business.

·         Ensure the quality of food

The major importance of FSSAI license is that it ensures the quality of food, if it safe to consume or not. Anything related to fat is a matter of great sensitivity and that is why people prefer to eat well certified quality food. Many food businesses use cheap adulterations in their food, so that is why FSSAI protects the food from such adulteration. It is a remark that the food people are eating is safe without any health consequences.

·         Makes your company reliable

People are very concerned about health and that is why they choose restaurants that are certified through FSSAI. You can make an announcement of the same by putting a certificate on the wall, menu, and bill of your restaurant. Use the fact that you are FSSAI certified in your marketing campaigns and through this, you will gain the trust of the customers. Food certification very efficiently increases your reliability and the customers start trusting you.

·         Helps in business expansion

If you are the renowned restaurant, then you would definitely want to replicate your success in different areas. Owning an FSSAI certified license can help you get the big ticket of businesses and corporate events very easily. It is important as other license and legal paper. So it is more than a necessity, if you want to grow your restaurant business.

You can approach Tax Home to get the FSSAI license for your business. Now it is very easy to run a reliable and trustworthy food chain. Just consult tax Home and get your FSSAI License at an affordable cost.

Importance of filing income tax return - Tax Home

A lot of individuals think that filing of income tax return is voluntary and filing it is unnecessary and burdensome. They think so because they are not completely aware about the term Income tax return. So, before proceeding further, we will first understand what an income tax return is. Income tax return is a statement proof that you have paid your income tax to the government. This includes all the details about annual income and the amount of tax you have paid. Every person, who earn taxable income have to file an income tax return.

Filing a tax return is an annual activity seen as a moral and social duty of a responsible citizen of the country. In this worksheet, we will share the importance of an income tax return filing in Delhi. So, let’s not waste time and proceed to know the importance of income tax return filing. 

1.    Facilitates easy and speedy processing of loans

If you want an easy and speedy processing of home loan, education loan, vehicle loan, etc., then income tax return filing is very important. The banks would not provide any loan if the loan applier has not filed his/her return for three years, even if it’s a NIL return.

2.    It is useful in case of revised return

If you will not be filing the original return, then you cannot subsequently file the revised return. Non-filing of income tax return can attract the penalty of Rs. 5000/-. So, make sure to file an income tax return to avoid complications.

3.    Income tax filing is a sign that you are responsible

An individual who earns a specified amount of an annual income is liable to file the tax return within the due date, as it will invite penalties if you will not file the income tax return. Filing an income tax return is a sign that you are a responsible citizen of the country.

So, these are the important of Income Tax Return Filing. To know more about it, one can approach Tax Home and file the income tax return. Highly experienced professionals at Tax Home, will also help you with their best GST registration in nirman vihar.