Govt To Centralise New Company Registration Process to Improve Ease of Doing Business

In a significant step towards improving the ease of doing business, the Corporate Affairs Ministry will soon centralise the whole process related to registering a new company and strive to complete the processing within a day in wholly owned subsidiary in India.

The Central Registration Centre (CRC) to speed up services for incorporation of companies, set up by the Corporate Affairs Ministry, is already functional in business registration in gurgaon.

The Ministry, which is implementing the Companies Act, has been taking various measures to further improve the ease of doing business in the country, a priority of the current government.

Continuing the efforts, CRC would now carry out the processing and disposal of e-forms and all related matters pertaining to registration of companies.

Get more information visit at:  http://bit.ly/1T7dRBw

Business Made Easy With Payroll Outsourcing

In order for many business to be more productive efficient and profitable while saving on money and resources has been one of the famous options that even large companies find hard to resist. One respect of business that is being outsourced today is outsourcing payroll processing, which is said to be most time-consuming and costly task of running a business.
Effective business management can be achieved through outsourcing since you will significantly reduce the amount of work you will face while you take care on sales and marketing for your company to be even more successful and profitable. Outsourcing an aspect of the business will help you streamline and integrate various processes within your company.
You have specific requirements difference from other companies operating within your industry. But the bottom line here is that you will definitely benefit if you want to significantly reduce the overall administrative cost of running a business. So what can you make of outsourcing payroll services as one of the options you can take in business management.
Providers that process payroll Nevada has will also generate the necessary reports, provide pay slips and even file taxes in a timely manner. It prevents you from out on tax filing thereby reducing your losses on fees and charges. Also providers see to it that the reports made are precise and accurate so that you don’t have to spend unnecessarily on report amendments.
Get more information visit at: http://bit.ly/1WoUVPJ

More Online Services May Face Google Tax

The government is likely to expand the scope of the equalisation levy, the so-called “Google tax”, to bring more digital transactions into the tax net in the upcoming budget to curb tax avoidance by multinational chartered accountant firms in mumbai. Online sales of goods and services; downloading of software, songs, movies and books; and online consumption of news are among the services that the government may consider for the levy.
“Internationally the trend is to bring more digital transactions into the tax net as multinational companies end up avoiding taxes. It was just a beginning last year when we introduced a six per cent tax on online advertisement,” said an official. The government has imposed a six per cent levy for business-to-business transactions on income accruing to foreign e-commerce companies from India for specified services like online advertisement. It has been imposed on non-resident companies without a permanent establishment for incomes exceeding Rs.1 lakh a year.
The government has earned Rs.100 crore in revenue on account of the equalisation levy so far. Companies like Facebook, Yahoo, Twitter and Google earn significant revenues from India from local advertisers. A committee set up by the Central Board of Direct Taxes to examine indirect taxation in India of e-commerce had recommended an equalisation levy of 6-8 per cent on 13 broad services based on the OECD’s Base Erosion and Profit Shifting guidelines.
Read more info visit at: http://bit.ly/2efTXm0

India, Singapore Revise Tax Treaty

The government signed a pact with its Singapore counterpart on 30th Dec, 2016, amending their decade-old tax treaty, gaining indirect taxation in India rights over capital gains. This is the third double taxation avoidance agreement (DTAA) amended so far this financial year with a zero or low tax jurisdiction. The other two were with Mauritius and Cyprus. According to tax consultants in India, Mauritius would be the most attractive source of investments into India for debt funds and Singapore for equity investments. Mirroring the revised IndiaMauritius DTAA, the government has some grandfathering provisions (having the old rule continuing to apply for some existing situations, with the new one for all future cases) and a two-year transition benefit to investments from Singapore. The revised pact will take effect from April 1, 2017. For two years from that date, capital gains tax will be imposed at 50 per cent of the prevailing domestic rate. The short-term rate is 15 per cent at present. The full rate will apply from April 1, 2019.

“2016 has been historic, with all three tax treaties amended… The treaties were misused to round-trip domestic black money and bring it back to India through these routes. There has been a significant battle by India against black money. It is a happy coincidence that by amending these treaties, there has been a burial to the black money route that existed,” said Finance Minister Arun Jaitley on the revised DTAA. Mauritius and Singapore are the top two sources for direct foreign investment in India, about half of the total direct flow. Total FDI from Mauritius over the past decade and a half is USD 95.9 billion. That from Singapore is USD 45.8 bn The concessional rate of 50 per cent would be subject to fulfilment of conditions of Limitation of Benefit (LOB), an expenditure of at least Rs. 50 lakh in Singapore in the previous financial year. It is Rs.27 lakh in the case of Mauritius.

Get more information visit at: http://bit.ly/2efTXm0

Register a New Company With Company Formation India

Registering a new company could not be simpler when registering online with company formation India. We are companies house e-filing partner which allows us to set up new limited companies online for our clients in the UK and overseas through our sister company. The company incorporation in India website is integrated directly with companies house allowing you to check the availability of your company name. We can help clients from their companies within just 3 hours through our quick online company formation service.

What type of company do you want to form?

• UK limited company
• Limited liability partnership
• Flat Management Company
• Readymade company
• Company limited by guarantee
• Public limited company

Company formation online a quick and easy way to register a new company:-

• Company formation in 6 simple steps
• Choose your company name
• Add additional business services
• Checkout
• Enter your company details
• Submission to companies house

Read more information visit at: http://bit.ly/1sMCM3o

BEST PAYROLL MANAGEMENT FIRM OF THE YEAR IN INDIA 2017 AWARDED BY BBC Knowlledge

Get more information visit at: http://bit.ly/2lgHHco

It Ministry Telcos For Cashless Action Plan

The latter has also asked the telecom companies to urgently improve their infrastructure, as the government aims to digitise a host of services. The ministry’s biggest concern at present is the connectivity issue. “Telecom companies have to reach the interiors, so that we are able to start digital services in rural areas. Point-of-sale machines, mobile wallets and UPI (United Payments Interface) would only work if there’s connectivity. The government has also asked (state-owned) BSNL for rapid expansion of its network,” added the official in Direct foreign investment in India.

The measures announced by Finance Minister Arun Jaitley to encourage online transactions, including discounts on petrol and diesel purchase, have reinforced the optimism at digital cash companies.
While they all expect more clarity on the announcements made in the days to come, they say the recent measures, if bundled well into digital transactions, would help massively in promoting digital money in both urban and rural areas in indirect taxation in India

Read more information visit at: http://bit.ly/2kzt8jx

Tax rate reduced to 5% on income Rs 2.5L - 5L

Stating that India is largely a non tax compliant society. Finance minister arun jaitely today sought to remedy that by reducting the base tax consultant in India rate to 5 per cent from the earlier 10 per cent on income of between Rs 2.5 lakh to Rs 5 lak. The minister imposed a surcharge of 10 per cent for those whose annual income is Rs 50 lakh to Rs 1 crore. The 15% surcharge on incomes adove Rs 1 crore will continue.

The minister also said the government plans to extend the basket of financial instruments to which the capital gains can be invested without the payment of tax advisor in India.

There is also a proposal to allow a carry forward of Minimum Alternative Tax for a period of 15 years up from the current 10 years now.

read more information visit at: http://bit.ly/2kVrg2n