ACCOUNTING OUTSOURCING SERVICE INDIA

Service Tax

In the present times of intense competition and highly performance – oriented business world, it makes perfect sense to outsource certain activities of the company in favor of better management and optimal cost efficiency. Outsourcing is, in fact, a singular answer to the multifarious challenges that any company confronts in the face of peaking standards of performance and profitability. It avails the company the specialized services of professional accounting firms, thereby saving significant time and manpower and allocation of the saved resources in propagating business further.

There is a plethora of professional accounting firms that undertake outsourced accounting jobs in a comprehensive manner. Services from these firms are very accurate and timely, as they are highly fine tuned to suit the client’s subjective demands and needs. The services target to optimize business resources and processes for their clients and analyze potential risks much in advance. The efficient and reliable services of these firms al low informed and better management decision making. 

Among the most common services that are outsourced, it is common for companies to leave preparation and maintenance of day-to-day bookkeeping and management of accounts, as per US GAAP accounting standards, to professional firms. Other services generally outsourced include,

• Preparation of annual accounts and schedules for statutory annual audit; 

• Preparation of monthly salaries of employees and other inclusive pay roll services; 

• Helping clients make periodic income tax, sales tax and other returns and make sound investment decisions; 

• Assisting clients with recovery of debts; 

• Handling cash and bank operations for the current accounts and 

• Analyzing cash requirements for future use.

Know more about information: Business tax consultants

Further, If you are looking professional assistance on Corporate Law, Direct, Indirect tax law, Accounts Outsourcing or any other related matter, mail us at: -info@carajput.com or call at 011-43520194, We will try to get it resolved as early as possible. Please mention your mobile no. & address so as to serve you better.

Company Trademark Registration in India

Trademark

Trademark is any of the sign or symbol that is being used to distinguish one manufacture to another of similar themes. Trademark a term that used to depict the domain source of the particular products and services; mean to say original company or firm behind the respective services. Earlier, the trends of designing a trademark was not so advanced; the way is now carrying out; In these days of high competitive corporate word; corporate advisory

company trademark registration can be of several types like :

·         Sound - Many services and products together with wording their sound and spoken wordings can also be registered as trademark.

·         Sight - This is one of the well known and most favorable forms of trademark that covers images, text, wording, phase, numeric, flash, colors, strings and many more.

·         Touch - It is a form of trademark that includes product configuration.

·         Smell - Many times a part of fragrances can also be registered as trademark along with the name.

All these above categories are widely used to be registered as trademark. As with due time; the trends and acts of trademark in India have been reformed with numerous amendments. These open doors for new forms of business marks and trade symbols that can be followed as company trademark registration. Know more about information: Business set up in India

Call at 011-43520194 or mail at info@carajput.com and get assisted by trademark experts and IPR professionals with complete services in trademark, copyright and patent.

NGO OR SOCIETY & 80G REGISTRATION

There is Two type of Society and NGO's in India - State label and All India label. Before registering the NGO or Society you should know about the difference between both of them

• STATE LABEL : To register the Society or NGO at State Label. You will have to provide the ID proof of Seven Member's (DL | Copy of Passport | Voter ID). You will have to provide Two Members (President - Treasurer or Secretary - Treasurer) form Delhi and another Five Member's can be from any states. Two set of MOA of NGO or Society.

• ALL INDIA LABEL : To register the Society or NGO at all India Label. You will have to provide the ID proof of Nine Member's (DL | Copy of Passport | Voter ID). You will have to provide Two Members (President - Treasurer or Secretary - Treasurer) form Delhi and another Seven Member's from Seven different states. Two set of MOA of NGO or Society.

80G - INCOME TAX EXEMPTION: NGO can avail income tax exemption by getting itself registered and complying with certain other formalities, but such registration does not provide any benefit to the persons making donations. The Income Tax Act has certain provisions which offer tax benefits to the "donors". All NGO's should avail the advantage of these provisions to attract potential donors. Section 80G is one of such sections. 

1. REGISTRATION UNDER 80G :If an NGO gets itself registered under section 80G then the person or the organisation making a donation to the NGO will get a deduction of 50% from his/its taxable income. The NGO has to apply in Form No. 10G As per Annexure - 29 to the Commissioner of Income Tax for such registration. Normally this approval is granted for 2-3 years.  
2. CONDITIONS TO APPLY TO 80G:The NGO should not have any income which are not exempted, such as business income. If, the NGO has business income then it should maintain separate books of accounts and should not divert donations received for the purpose of such business.  The bylaws or objectives of the NGOs should not contain any provision for spending the income or assets of the NGO for purposes other than charitable.  The NGO is not working for the benefit of particular religious community or caste.
   The NGO maintains regular accounts of its receipts & expenditures.
   The NGO is properly registered under the Societies Registration Act 1860 or under any law corresponding to that act or is registered under section 25 of the Companies Act 1956.
3. DOCUMENTS REQUIRE TO FILED 80G :The application form should be sent in triplicate to the Commissioner of Income Tax along with the following documents : 

• Copy of income tax registration certificate. 
•  Detail of activities since its inception or last three years whichever is less  
• Copies of audited accounts of the institution/NGO since its inception or last 3 years whichever  is less. Know more about : international transfer pricing