The smartest Tax and Legal consultancy services that are made just for the unique needs of your startup. Expect utmost professionalism and expertise as we cater to all your taxation and legal requirements, so your ideas come to life with flying colors.
JJ Tax has the finest team of legal experts at your fingertips, we will be at your service every step of the way as you build your business. Whether it is company formation, tax planning, regulatory compliance, or intellectual property protection or reply to a legal notice our team of experts can handle it all.
Our experienced legal team excels in crafting tailored legal agreements that protect your startup's interests. From partnerships to employment and services, we ensure contracts that are clear, enforceable, and aligned with your business goals.
JJ Tax offers strategic dispute resolution services, providing expert guidance to resolve conflicts with ease while saving on costs. We will help you find practical solutions to protect our clients’ interests and foster relationships to build a fruitful future for their business.
Intellectual Property is one of the biggest assets for any startup. IOur legal services include registering trademarks, patents, and copyrights, protecting your innovations and creative works. Any chances of infringement are negated through our proactive approach and expert legal advice.
Mergers, acquisitions, and strategic alliances can be a tricky slope to navigate for startups. However, be assured that the legal services provided by JJ Tax will reduce any complexities associated with the process. We will assist you in due diligence and negotiations to drafting transactional documents.
A lot can be lost in the nuances of a startup investment contract. The legal services for startups in this aspect include consultancy and proper documentation of the negotiating, investment conditions, and shaping deals that will help your startup grow.
JJ Tax helps you from drafting compliance policies and procedures to helping you through licensing and permit requirements. Proper legal guidance for your startup ensures that your business operates within the law and steers clear of any accidental wrongdoings or penalties.
Your ideas are invaluable and deserve to be protected by competent and dedicated legal services. It is imperative for your startup to invest in legal services that can:
Understanding and complying with all the legal procedures is crucial for startups to establish a solid foundation, protect their intellectual property, and attract investors. Investing in legal services is a great solution for getting guidance through the whole process. Key procedures include:
The legal procedures for startups involve the following steps:
We simplify the process by offering a comprehensive suite of tax services tailored to the needs of your startup. From incorporation to tax management, our team of experienced tax professionals provides expert guidance and support. Our comprehensive tax services include:
Advising on the most tax-efficient structure for your startup.
Timely submission of corporate tax returns, including advanced tax computations.
In-depth assessments of your business operations to identify tax savings and deductions.
Adherence to local tax regulations, disclosure requirements, and documentation.
Expert guidance tailored to your startup's specific needs and industry.
Staying informed about changes in tax laws and regulations to avoid penalties and errors.
Projecting tax obligations and implementing strategies to avoid cash flow disruptions.
Safeguarding your startup from tax-related risks through compliance and risk management strategies.
At JJ Tax, our team of experienced tax professionals provides personalized advice tailored to your startup's needs.
Our experts are skilled at identifying deductions, credits, and incentives that can reduce your tax burden.
We ensure that your startup remains compliant with all tax laws and regulations, minimizing the risk of audits.
Our tax services include assisting you in developing effective tax strategies that align with your financial goals.
JJ Tax offers a wide range of tax services, including tax return preparation, compliance assistance, and audit support.
It is mandatory for startups operating in India to register for Goods and Services Tax (GST) if their annual turnover exceeds the threshold limit. Rs. 40 lakhs for businesses dealing in goods and Rs. 20 lakhs for businesses dealing in services.
GST Return Filing involves submitting a detailed report to the tax authorities that provides information about the business's sales, purchases, and tax liabilities during a specific period. The GST return filing process involves the following steps:
You can go through the whole process with ease as JJ Tax assures timely and accurate submission and negligible risk of penalties.
TDS (Tax Deducted at Source) is a taxation system set by the Government of India to collect taxes at the event of a transaction. The business (payee) is mandated to deposit the deducted tax amount with the Income Tax Department. Startups may need to file TDS returns if they are required to deduct taxes from payments made to certain individuals or entities.
The following steps encapsulate the procedure of TDS filing for startups.
Profession tax is a direct tax levied by the state governments in India. It is mandatory for salaried individuals or professionals like chartered accountants, company secretaries, cost accountants, lawyers, doctors, etc. to pay this professional tax. The maximum amount payable per year is INR 2,500 and there are predetermined slabs that are in line with tax payer's salary. Startups may need to register for professional tax.
The process of professional tax registration entails the following:
Filing an Income Tax Return can be quite a task for entrepreneurs as it requires professional assistance. With our help at JJ Tax, your business will enjoy a seamless and accurate ITR submission, relieving you of the administrative burden.
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We understand that you are busy growing your startup. Therefore we are here to take away all your tax and compliance worries.
Starting from registering your startup or preparing a pitch deck to raising funds from investors.
WE ARE HERE
Our team of professionals will work with you to identify and address any compliance issues, giving you the right piece of advice from time to time. By partnering with us, you can rest assured that your startup is in safe hands. Don't let compliances hold your startup back - let us help you stay on track and achieve your business goals."
A lawyer plays a crucial role in a startup by providing legal advice and guidance on various matters, including corporate formation, intellectual property protection, contract drafting, fundraising and compliance with regulations.
The term 'start-up' or “start-up company” means a private company incorporated under the Companies Act, 2013 or the Companies Act, 1956 and recognized as start-up in accordance with the notification issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.
Yes, startups are generally subject to taxation in India. The specific taxes applicable will depend on the nature of the business, its turnover, and other factors. Common taxes for startups include:
Income tax: Tax on the profits earned by the startup.
Goods and Services Tax (GST): Tax on the supply of goods and services.
Professional tax: Tax on individuals engaged in certain professions or occupations.
The tax rate for startups can vary depending on their turnover and the specific tax incentives they may be eligible for.
Startup Company engaged in manufacturing/production and set-up and registered on or after 1 March 2016:
Startup Manufacturing Firm incorporated after October 1, 2019 and beginning operations before March 31, 2023:
Other Startup Companies:
(MAT= Minimum Alternate Tax)
Professional tax is generally mandatory for individuals and entities engaged in certain professions or occupations, including startups. However, the specific requirements may vary depending on the state and the nature of the business.
The Income Tax Act is the primary legislation governing income taxation in India. Startups, like any other business entity, are subject to the provisions of the Income Tax Act and are required to file income tax returns and pay taxes on their taxable income.
The government fee to register your startup starts at Rs.2000 depending upon your organization, however It’s always advisable to seek professional help and JJ Tax is always here to help you and make the process easy for you. In case you want to check the prices you make check our site JJ Tax.