Doing Business in INDIA N.K. SUKHADIA & Co., Chartered Accountants Advisory. Tax. Assurance.

Doing Business in INDIA

N.K. SUKHADIA & Co.,Chartered AccountantsAdvisory. Tax. Assurance

N.K.Sukhadia & Co., Chartered Accountants

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Basic Statistics of INDIA

Land: 3.29 million square kilometers Population: 1,150,000,000 (1.15

billion) Languages: 22 languages recognized

by Indian Constitution Currency: Indian Rupee (INR 1 =

Paise 100) Time Zone: GMT +5.30 hours FDI in 2009: INR 131,237 crores (US

$ 27,098 million)


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Forms of Business Organization in INDIA

Unincorporated Entities

Public Limited

Company

Private Limited

Company

Limited Liability Partnership

Partnership Firm

Sole Proprietorship

Business Organizations


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Obligations of Business Organization in INDIA

Labour/ Misc. Laws

Corporate Law Exchange Control Regulations

Indirect Tax Laws

Direct Tax Laws

Business Organization


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Obligations of Business Organization in INDIA (contd.)1. Various Tax Laws: Income Tax Act, Wealth Tax Act,

Central/State Value Added Tax, Service Tax/Excise Duty, Profession Tax, Custom Duty etc

Obtaining Registration with the respective departments

Filing Returns Current Corporate Tax rate = 30%


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Obligations of Business Organization in INDIA (contd.)

2. EXCHANGE CONTROL REGULATIONS: FEMA Act,FDI Policy/Press Notes, Notification and

Circular issued by RBI Complying with the above acts and notifications.

3. CORPORATE LAWS: Companies Act, SEBI Act, etc. Complying with the above acts and notifications.


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Obligations of Business Organization in INDIA (contd.)

4. LABOUR/ MISC LAWS:a. Payment of Bonus Act b. Worksmen compensation act c. Industrial Dispute actd. Payment of gratuity acte. Indian contract act


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DTAA’s with INDIA India has Double Taxation

Avoidance Agreements with almost 78 countries including United States of America and United Kingdom.

DTAA provisions to override Indian Income Tax Act.

DTA provides for relief of Tax and Credits in many cases.


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Cost and Capital of Company

1. Private limited company:a. Minimum capital – INR 0.1 million

(Euros 1550 app.)b. Minimum Statutory fees INR

7500/-(Euros 115 app.)c. Company Management Cost-

variable to size and operations of the company.


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Thank You

Doing Business in INDIA N.K. SUKHADIA & Co., Chartered Accountants Advisory. Tax. Assurance.

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