indian startups & tax
Post on 16-Feb-2017
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business
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TAN
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und
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Buyout
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equity
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make in india
Withholding tax
ipo
Rajkot, 23 October 2015
llp
entr
epre
ur
capital
Start ups in India
23#October#2015,#Rajkot For#discussion#purposes#only
START UP
*a (temporary) organisation
designed to search
for a repeatable & scalable
business model *
*
*
What can CAs help with
23#October#2015,#Rajkot For#discussion#purposes#only
START UP
*Financial
Legal
Regulatory
Taxation *
*
*
23#October#2013,#Rajkot For#discussion#purposes#only
Overview of tax considerations
Early stage
Set up
On going
On sale/ exit/ expansion
Legal entity setup – Pvt Co vs LLP vs partnership firm
Statutory compliances
Ongoing compliances
Transaction taxes
23#October#2015,#Rajkot For#discussion#purposes#only
Early stageLegal entity setup – Pvt Co vs LLP vs partnership firm
PARAMETER PVT LTD CO LLP FIRM Registration Required Required OptionalDistinct entity Yes Yes No
Formation costMin incorporation fee
Pvt Co – Rs 6k Public Co – Rs 19k
Min cost of formation Rs 800
Negligible
Time line ~ 10 days ~ 10days 7 days
23#October#2015,#Rajkot For#discussion#purposes#only
nature of business (industry regulations) short to mid term horizonsource of funds
Set upStatutory compliances
PAN, TAN applications
service tax, excise, VAT registrations
shops & establishments, IEC etc
statutory auditors
23#October#2015,#Rajkot For#discussion#purposes#only
On goingOngoing compliances
23#October#2015,#Rajkot For#discussion#purposes#only
taxes deducted at source – payments, filings, consultancy
advance tax – quarterly payments, filing
tax audits, return filing
tax consultancy on specific agreements/ assignments
On sale/ exit/ expansionTransaction taxes
23#October#2015,#Rajkot For#discussion#purposes#only
capital gains on sale of shares to investors
exit by investors via share sale & IPO
mergers, demergers, acquisitions, buyouts
tax consultancy on specific agreements/ assignments
23#October#2015,#Rajkot For#discussion#purposes#only
Need to recognise opportunities available for CAs in the current startup environment
business advisory
compliances
funding intermediaries
non traditional engagements that are flexible and dynamic
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