Frequently Asked Questions
Find answers to common questions about our services, processes, and more
For a Private Limited Company, you need a minimum of 2 directors and 2 shareholders. At least one director must be an Indian resident. The minimum authorized capital is ₹1,00,000.
Typically, company registration takes 10-15 working days, subject to government processing time and document verification. With Portivra, we expedite the process and keep you updated at every step.
Businesses with annual turnover exceeding ₹40 lakhs (₹20 lakhs for special category states) need GST registration. Service providers with turnover above ₹20 lakhs also need registration. Additionally, interstate suppliers and e-commerce operators must register regardless of turnover.
Late filing of GST returns attracts a late fee of ₹50 per day (₹20 for nil returns) under CGST and SGST, totaling ₹100 per day. Additionally, interest at 18% per annum is applicable on the tax amount.
PF registration is mandatory for establishments employing 20 or more persons. Organizations with less than 20 employees can also register voluntarily. The Employees' Provident Fund Organization (EPFO) administers the scheme.
For PF: Employer contributes 12% and employee contributes 12% of basic wages. For ESI: Employer contributes 3.25% and employee contributes 0.75% of wages (applicable for establishments with 10+ employees and wages up to ₹21,000).
For individuals and businesses not requiring audit, the due date is July 31st of the assessment year. For businesses requiring audit, it's September 30th. Late filing attracts penalties and interest.
Yes, you can file belated returns until December 31st of the assessment year. However, late filing fees of ₹5,000 (₹1,000 for small taxpayers) apply, and you cannot carry forward losses except for house property losses.
You can book a consultation session by selecting the 'Consultation' category, choosing your preferred expert and time slot, making the payment, and you'll receive a confirmation with meeting link. Sessions are conducted via video call.
Generally, you need PAN card, Aadhaar card, passport-size photographs, address proof, and business address proof. Specific documents vary based on the service. Our experts will guide you through the documentation process.
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