Frequently asked questions
Search through common questions across our services and support process.
What kind of businesses do you work with?
We work with startups, SMEs, professionals, D2C brands, service firms, manufacturers, NGOs and businesses that need structured tax, compliance and advisory support.
Do you provide document checklists before starting?
Yes. Once the scope is clear, we provide the relevant checklist and process guidance to make execution smoother.
Can you help if my business already exists but records are messy?
Yes. Many businesses approach us when compliance and records have become fragmented. We help organize, clean up and structure the workflow going forward.
Do you support founders from incorporation to growth stage?
Yes. We support business setup, tax and compliance, ongoing finance processes, and growth-oriented advisory depending on the requirement.
How do I know which service I need first?
Start with a consultation. We assess your stage, structure, immediate gaps and priorities, then recommend the right first steps.
Do you work remotely?
Yes. We are built to support digital-first working relationships with documentation and process handled efficiently online.
How long does it take to incorporate a Private Limited Company?
Typically 7-15 working days from the date all documents are complete and filed with MCA, subject to government processing time.
What is the minimum number of directors required?
A Private Limited Company requires a minimum of 2 directors and 2 shareholders. One director must be an Indian resident.
What is the cost of incorporating a Pvt Ltd company?
The cost depends on authorized capital, number of directors and professional fees. Government fees include stamp duty (varies by state) and MCA filing fees.
Who needs to register for GST?
Businesses with aggregate turnover exceeding Rs. 40 lakhs (Rs. 20 lakhs for services), inter-state suppliers, e-commerce sellers and operators, and those who want to voluntarily register for ITC benefits.
How long does GST registration take?
Typically 3-7 working days. In some cases, the department may seek clarification which can extend the timeline by a few days.
What happens if GST returns are filed late?
Late filing attracts interest at 18% per annum on the tax liability and a late fee of Rs. 50/day (Rs. 20/day for nil returns) per return, subject to maximum caps.
Which GST returns do I need to file?
Most businesses file GSTR-1 (outward supplies) and GSTR-3B (summary/payment) monthly or quarterly, plus GSTR-9 (annual return).
What are the consequences of missing ROC annual filings?
Late filing attracts additional fees (Rs. 100/day). Continued non-compliance can lead to company being marked as inactive, director disqualification and potential strike-off proceedings.
What forms need to be filed annually?
Primarily AOC-4 (financial statements), MGT-7 (annual return), DIR-3 KYC (director KYC) and ADT-1 (auditor appointment confirmation).
How long does trademark registration take?
Application is filed within 1-3 days. Total registration process typically takes 8-12 months if there are no objections or oppositions.
Can I use TM symbol before registration?
Yes, you can use the TM symbol immediately after filing. The registered symbol can only be used after the registration certificate is issued.
What is a Virtual CFO?
A Virtual CFO provides fractional finance leadership — strategic advisory, financial planning, investor reporting and compliance oversight — without the cost of a full-time CFO.
When does a startup need a Virtual CFO?
Typically when the business crosses Rs. 50 lakhs-1 crore in revenue, has raised funding, or when financial decisions become too complex for the founding team alone.
What are the benefits of DPIIT recognition?
Key benefits include angel tax exemption under Section 56(2)(viib), self-certification under labor and environmental laws, 80% reduction in patent fees, and eligibility for government tenders.
Who is eligible for Startup India recognition?
Entities incorporated for less than 10 years with annual turnover below Rs. 100 crore, working towards innovation or improvement of products/services/processes.
What is the difference between LLP and Partnership?
An LLP provides limited liability to partners and is a separate legal entity, while a traditional partnership has unlimited liability. LLP also has lower compliance burden than a private limited company.
Can an OPC be converted to a Private Limited Company?
Yes, an OPC can be converted to a Private Limited Company voluntarily or mandatorily when paid-up capital exceeds Rs. 50 lakhs or turnover exceeds Rs. 2 crores.
What is the tax rate for private limited companies?
The standard rate is 25% for companies with turnover up to Rs. 400 crores and 30% for others. New manufacturing companies can opt for a 15% rate under Section 115BAB.
What statutory deductions are part of payroll?
Key statutory deductions include PF (12% employee + 12% employer), ESI (0.75% employee + 3.25% employer for eligible employees), Professional Tax and TDS on salary.
What is FC-GPR filing?
FC-GPR (Foreign Currency-Gross Provisional Return) must be filed with RBI within 30 days of share allotment to foreign investors. It reports the details of foreign investment received by the company.
Is IEC registration mandatory for service exports?
IEC is required for service exports if payments are received through banking channels. However, service exports below Rs. 5 lakhs may be exempt in certain cases.