Income Tax Registration Online Process

Income Tax registration is crucial to file income tax returns online. It provides the following benefits:

• You can buy a high life insurance cover.
• No obstruction in applying for a visa.
• Very easy to apply for a loan, claim a refund.

MyTaxAdvisor is working professionally with world-class expertise and sufficient experience in income tax registration for companies, business organizations, trusts, etc.

Income Tax Registration Process

If you have taxation filing knowledge, you can file income tax of your own. However, you will need guidance for income tax registration for companies. Read on to know how you can register yourself to file income tax.

1. Go to the Income Tax E-filing Website

You have to visit the Income Tax e-filing website first. It is under the supervision of the Income Tax Department. Click on the button “Register yourself” on the right-hand side of the homepage.

2. Choose the User Type

After clicking on the “Register Yourself” button, a registration form will be visible on your screen. There will be an option in the form that will ask you to choose a particular user type. Choose the particular type of user you are. The user type can be a company, an individual, or a partnership firm.

3. Fill up the Basic Details

Now, the taxpayer has to fulfill all the required basic information. This section is mandatory.

• Basic details such as:
• Pan card (Id proof of the user for filing of income tax return online)
• Name of individual or company.
• In the case of a company, only the full name is required.
• In the case of an individual, surname, middle name, and first name are required in three sections.
• Date of birth in case of individual or date of incorporation in case of any entity.
• Email id of individual or company.
• The mobile phone of the individual. Not applicable for non-residents.

4. Email Verification

For all individuals other than non-resident, a six-digit OTP number will be sent to either your mobile number or email. But non-residents have no choice other than a registered email address. Then you have to write the OTP correctly. It will be the verification process.

But make sure to complete the registration process within 24 hours of receipt of OTP. Otherwise, you will have to start the registration process from the beginning.

5. Further Detail Submission

Submit the following online:

• Contact details
• Current address
• A password to login online e-filing site repeatedly.

Other than these, complete captcha and activate notifications.

6. Activation

Click the activation link visible in your email id. With this, the income tax registration process is complete. You are all ready to file income tax returns online.

Filing income tax in the right manner is essential. However, it requires knowledge, and people from every stream cannot do that.

If you are also struggling to file income tax or in the registration process, MyTaxAdvisor will be happy to assist you with it.

Secretarial Services

Company Secretary Services in Mumbai

Every business enterprise needs proper management irrespective of its size. A business owner has to focus on the main objectives of the organization. Therefore, it is essential to hire the services of a Company Secretary.

A company secretary acts as an intermediary between the company and directors, shareholders, stakeholders, and government. It is the job of the company secretary to watch that the company administrations are within the laws. 

If you want to have your business on the dot, get reliable company secretary services. You will find numerous companies offering secretarial solutions. But not all companies are reputed and admired by clients.

So, try to pick up a professional company secretary services online. In this virtual period, it is easy to get hold of a company to have maximum administration assistance.

Professional CS Support through Outsourcing Business

Presently, businesses prefer to outsource their business activities to an outside company. You can achieve professional support by taking Secretarial Services.

A genuine secretarial service provider has a team of qualified and experienced CS who is business-oriented and has adaptable strategies. You can engage a full-time or a part-time company secretary as per your prerequisites.

Get Secretarial Benefits for a Short & Long Time

Likely, a business does not have the necessary budget to hire an employee. They only require periodical assistance. So, the firm should take the services of a company secretary.

The online secretarial solutions will facilitate you in accomplishing your few undertakings.

CSs are competent individuals having essential skills and commitment when doing their job. Your company will get benefit from the secretarial services in the short and long run.

Improve Your Business Growth with Completion of Tasks on Time

The company secretary will support you in taking your business to the next level. They will do their job while you aim for your top business goals. Hence, all your tasks will get completed without delay. Further, the company image gets improved in the eyes of the shareholders and employees.

You can access virtual company secretary services to assist you in handling organizational assignments. It will save your time and efforts to earn higher business profits.

Avail of Online Company Secretary Services

There is a huge demand for virtual company secretary services as it does not need physical working space. An online company secretary is available to assist in business functions regularly. It will help you when you are in your company or out on holidays. It is the best practice to employ a virtual CS as it is economical and efficient.   You can improve your business by hiring expert Secretarial Services through MyTaxAdvisor. Browse http://www.mytaxadvisor.co.in/ for more details.

Financial Accounting Outsourcing Services

Corporate registration comes under the Ministry of Corporate Affairs where the Registrars of Companies (ROC) appointed under Section 609 of the Companies Act covering the various States as well as Union Territories and are vested with the primary duty of registering companies. These ROCs have administrative control over the offices granted by the Central Government and function through the respective Regional Directors on regional levels.

The ministry of Corporate affair after registering a company ensures the protection and security of the investors, partners as well as other stakeholders of a company.

It might have come to you to register your company but if it has not; let us tell you why is Corporate Registration the primary thing after setting up your business. If you have been running an unregistered business or you are on the pathway to setting up a business in the coming months or years, this article will help you and clear your doubts about company registration.

First things first, if you own an unregistered business that is now a big name in the market but unregistered then someone else could use your company’s name, logo, goodwill etc. without your knowledge and run their own business. Identity theft is a major problem when your business is unregistered. Someone could take all your hard work of years that you put into your business and use it for their benefits without your knowledge. And if at all that person fails in catering the Financial Accounting Outsourcing Services of your business, all your goodwill could go for a toss. Hence, to avoid identity theft, thus goodwill theft and risking your business and name in the market, registration is extremely important. It is legally accepted and registered with the law so if you have anyone claiming to be you, you could sue them legally and not have them reap the benefits of your sole hard work. It not only saves you but your investors, stakeholders and your loyal customers.

Moving further on in the article, we will tell you what are the types of business entities that exist and this will give you a clear idea about what you want to register your company under.

There is a concept of “limited liability” and as the name suggests it gives you the freedom to choose the amount you want to be liable to paying/losing in terms of any losses to the company. Your “limited liability” is generally the sum of money you invest in the company/business. The major benefit of a “limited liability” is that in case of any losses your personal assets are not taken into consideration for any recovery. It solely concentrates on the assets of the business and nothing else. This agreement does not only ensure the safety of your money but also keeps your personal assets safe.

Then we have “sole proprietorship” in which the business or the company is solely owned by only and only one person. There are no partners, stakeholders, investors other than the owner them self. Although sole proprietorship is simple and cheap in terms of registration with the government, it has one major downfall. In terms of sole proprietorship there is no distinction between the owner’s personal and business assets and hence he is liable to pay everything in cases of debts/losses.

Next is a “partnership firm” and it involves two or more partners. The partners in a partnership firm do not enjoy limited liability. However, they get to decide the investment percentage which will also be their loss and profit percentage in the company. Furthermore, partnership firms can have different types of partners namely – active/managing partner, dormant/sleeping partner, nominal partner, estoppels partner, etc.

Lastly we have “private limited (pvt.ltd)” which is another business entity usually owned by a small group of people (more than two). The members are also the shareholders and the owners of the business. Businesses and startups that aspire to grow big in the market and gain popularity leave a mark, etc. mainly go for a private limited company registration. A private limited It Company Registration allows you to buy/sell stocks/shares in the name of the company and not an individual and thus remains unchanged even if a member joins or leaves the company.

In conclusion, the process of registration might sound a bit too much and cost some money but it is the best step for you to keep your business and name safe and secured legally. It is a little effort and some investment right now to save you from any losses in future. Registering a business in today’s world is extremely important and a smart move. And with this article we hope you have gained some clarity on the registration! Stay tuned for more.