Questions
Answers, including the ones that cost us work
Some of these tell you not to buy something. That is deliberate. A client who was sold a licence they did not need never comes back.
Working with us
01Who actually does the work?
Every filing is prepared and signed off by a qualified professional — a Chartered Accountant, Company Secretary or advocate on our panel, depending on what the work needs. You are told who is handling your file on day one, and you talk to them directly, not to a call centre.
02Are government fees included in your prices?
No, and we say so on every page. Our fee is the professional fee. Government fees, stamp duty and any third-party costs are billed at cost with the receipt attached, because stamp duty in particular varies by state and by capital, and a single flat price would either overcharge you or hide the difference.
03What if my application is rejected?
We reply to clarification notices and refile at no extra professional fee. Government fees paid on the rejected attempt are not refundable by the department, so that portion cannot be returned — but our work on the resubmission is on us.
04How do I track my file?
You get a WhatsApp thread and an email trail with a document checklist, the current stage and what is pending from you. No portal to log into and forget about.
05Can you take over compliance my previous accountant left half-finished?
Yes, and it is a good chunk of what we do. We start with a health check that tells you exactly which filings are outstanding and what the penalty exposure is, before you commit to anything.
06Do you work outside your home state?
Yes. Incorporation, GST, trademark and ROC work is filed on central portals and is location-independent. State-level licences such as Shops and Establishment and professional tax are filed under the rules of the state you operate in.
07How do payments work?
Fifty per cent to start, the balance when the certificate or registration is issued. Government fees are paid upfront at cost. We invoice with GST and share the challan for every government payment.
08Is my data safe with you?
Documents are stored in access-controlled cloud storage and shared only with the professional handling your file. We do not sell or share client data. Our privacy policy sets out exactly what we keep and for how long.
Starting a business
01How many people do I need?
Two — a minimum of two directors and two shareholders. The same two people can hold both roles. At least one director must have stayed in India for 182 days or more in the previous financial year.
02Is there a minimum capital requirement?
No. The minimum paid-up capital requirement was removed in 2015. Most founders start with ₹1 lakh authorised capital because stamp duty is lowest at that slab.
03Do I need a commercial office address?
No. A residential address works, as long as you have a utility bill in the owner's name and a signed No Objection Certificate from them.
04What does it cost to keep running?
Budget roughly ₹12,000–₹25,000 a year for statutory audit, annual ROC filings and income tax return. We quote this before you incorporate, not after.
05How is an LLP taxed compared with a company?
Flat 30 per cent plus surcharge and cess. A company pays 22 or 25 per cent under the concessional regimes, but distributing profits to shareholders as dividend is then taxed again in their hands. For owner-operated businesses an LLP is often cheaper overall.
06Can I convert my LLP into a private limited company later?
Yes, under section 366 of the Companies Act. It takes about two months and needs consent from all partners and creditors.
07What happens if I miss the Form 3 deadline?
A late fee of ₹100 per day with no upper cap applies. This is the single most common reason LLPs end up with large penalties, which is why we file it as part of the package.
08Can an NRI open an OPC?
Yes. Since 2021, non-resident Indians can incorporate an OPC, and the residency requirement was reduced to 120 days.
Tax, licences and trademarks
01Do I need GST if I only sell on Amazon or Flipkart?
Yes. Anyone supplying through an e-commerce operator that collects tax at source must register, regardless of turnover.
02Can I register from a home address?
Yes, with an electricity bill in the owner's name and a No Objection Certificate. Some officers ask for a photograph of the premises with a signboard.
03What is the composition scheme?
A simplified scheme for turnover up to ₹1.5 crore where you pay a flat rate — 1 per cent for traders, 5 per cent for restaurants — but cannot claim input tax credit or make inter-state supplies.
04Is Udyam registration really free?
The government charges nothing. Our fee covers correct NIC classification and filing, which affects which schemes you qualify for.
05Does it expire?
No. The Udyam number is permanent, though the classification updates automatically from your ITR and GST data.
06Do service exporters need an IEC?
Not strictly for the export itself, but most banks insist on it before crediting foreign remittance, and it is required to claim benefits under SEIS or RoDTEP.
07What if I forget the annual update?
The IEC is deactivated and your shipments stop clearing. It can be reactivated by filing the update, but that takes days you usually do not have.
08I run a cloud kitchen from home. Which one do I need?
Basic registration if turnover is under ₹12 lakh, State licence above that. Delivery platforms generally accept basic registration to onboard.
Compliance and closure
01My company had no transactions. Do I still file?
Yes. A dormant company still files AOC-4 and MGT-7. The penalty for not filing is identical whether or not you traded.
02What happens if I have already missed a few years?
We can bring the filings up to date with additional fees, and in some cases apply for the Companies Fresh Start route if a scheme is open. Tell us how many years are outstanding and we will quote the actual number.
03What if I have no sales in a month?
You still file a nil return. Non-filing blocks e-way bill generation and eventually leads to registration cancellation.
04Can you take over from my current accountant mid-year?
Yes. We start with a reconciliation of the returns filed so far so you know exactly where you stand before we take responsibility for it.
05I have income from crypto or foreign shares. Can you handle it?
Yes. Virtual digital assets are taxed at 30 per cent under section 115BBH with no set-off, and foreign assets must be reported in Schedule FA. Both need care, and both are priced above the base fee.
06What if a vendor has not given me their PAN?
You must deduct at 20 per cent or the applicable rate, whichever is higher, under section 206AA. Filing with an invalid PAN creates a default that is painful to correct later.
07Do you work with my existing CA?
Yes, often. We keep the books and hand clean schedules to your auditor, which usually reduces their fee.
08When does PF become mandatory?
Once you have 20 or more employees. Below that you can register voluntarily, and many companies do because employees expect it.
Still unsure about something?
Ask on a call. There is no charge for the question, and no obligation after the answer.