This is something that many people across the country want information about How to start your own

Business in India, but do not get the right information and thus, their business does not really start off really well. The environment of every country is different and thus, you need to be careful while setting up your business, so that you do not end up doing anything that is not in line with the government, culture, working styles etc of the country. If the candidate has business degree then it might help to know these details before setting up a own firm.

Basic Steps to Start a Business in India

This article will provide you with all the necessary information about how to start a business in India with step by step procedure. 1. You need to get a Director Identification Number from the Ministry of Corporate Affairs. You can fill in the form online and you will need to pay Rs.100 to get the registration done. This is the first step to start your own business in India. 2. The next step is to get a digital signature certificate. You can apply for this online as well. The charge for the same is Rs.1,500. The certificate is provided by the Ministry of Corporate Affairs. 3. Choose a name for your company and reserve it so that no other person can have a company with the same name. For this, you need to register online with the Registrar of Companies. The process will cost you Rs.500. 4. Stamp the documents of the company either at the State Treasury or a Private Bank. You will need to pay a sum of Rs.1300 for this. 5. Pay Rs.14,133 and get a Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs. 6. You will now need to create a seal for your company that will be used to stamp all major documents related to it. This will cost you around Rs.350. This amount may vary with the number and type of seal that you get made for your business in India. 7. Get a Permanent Account Number (PAN) from an agent who has a tie-up with the National Securities Depository Ltd. (NSDL) or the Unit Trust

of India (UTI) Investors Services Ltd., who have been in turn outsourced by the Income Tax Department. The charge for getting this done is Rs.67. 8. The next step is to obtain a Tax Account Number (TAN) so that the taxes can be reduced from the Assessing Office in the Mumbai Income Tax Department. Getting this card will cost you Rs.57. 9. You now need to be registered with the Office of Inspector, Shops, and Establishment Act which is under the governance of the State or Municipal Corporation. You need to shell out Rs.6500 for this process. 10. Once this has been done, you need to register for the Value Added Tax at the Commercial Tax office nearest to the place where you are setting up your business in India. This will cost you Rs. 5100. 11. Followed by this, you need to register with the Profession Tax at the Profession Tax Office, which is again under the state government. There is no cost for this. 12. Next you need to register with the Employees Provident Fund organization. Again, there is no cost for this. 13. Lastly, you need to be registered with the medical insurance at the regional office of the Employees State Insurance corporation. This is the basic procedure about How to Start a Business in India, so that you have no hassles once the business is functioning.