Frequently Asked Questions
Comprehensive answers to all your queries regarding business registration, tax compliance, licensing, and digital solutions.
Company Registration
To register a Private Limited Company in India, you need a minimum of 2 directors and 2 shareholders (directors can also be shareholders). You must also have a registered office address within India and standard KYC documents like PAN and Aadhaar for all directors. Learn more about our Registration process.
If all documents are in order, the complete incorporation process (including DIN, DSC, and Name Approval) typically takes about 10 to 15 working days, subject to MCA processing times.
Yes, a residential property can be used as the registered office of a company. You will need to provide a recent utility bill (electricity/water) and a No Objection Certificate (NOC) from the property owner.
An LLP (Limited Liability Partnership) is simpler to maintain with fewer annual compliances. A Pvt Ltd company is better suited for businesses seeking external funding, offering ESOPs, and planning for rapid scalability.
No, the entire company registration process with the Ministry of Corporate Affairs (MCA) is 100% online. WsCore Tech handles all digital filings, and you only need to provide scanned copies of your documents.
Authorized Capital is the maximum amount of share capital a company is legally authorized to issue. Paid-up Capital is the actual amount of money the shareholders have paid to the company for the shares issued to them.
Yes, all registered companies must file mandatory annual compliances, which include an Annual Return (MGT-7), Financial Statements (AOC-4), and income tax returns, regardless of whether the company conducted any business.
It is a certification provided by the Department for Promotion of Industry and Internal Trade (DPIIT). It offers eligible startups benefits like tax exemptions, simplified compliances, and easier access to government funding. Get your Startup recognized with us.
Yes, an NRI or Foreign National can be a director in an Indian Private Limited Company. However, at least one director on the Board must be an Indian Resident (stayed in India for at least 182 days in the previous calendar year).
If a company is inoperative, it can be closed by applying for 'Strike Off' under Fast Track Exit (FTE) mode to the Registrar of Companies, provided it has cleared all its liabilities.
GST Services
GST registration is mandatory if your aggregate turnover exceeds ₹40 lakhs for goods (₹20 lakhs in special category states) or ₹20 lakhs for services. It is also mandatory for e-commerce operators and inter-state suppliers.
Key documents include the PAN card, Aadhaar card, identity and address proof of promoters, address proof of the place of business (rent agreement/electricity bill), and a canceled cheque.
Once the application is submitted with all correct documents, the GSTIN is usually allotted within 3 to 7 working days, subject to department verification.
The Composition Scheme is a simple scheme under GST for small taxpayers with a turnover up to ₹1.5 Crore. They pay tax at a fixed rate of turnover (1% to 6%) and file quarterly returns.
Yes. Once registered, filing returns is mandatory. If there are no sales or purchases, you must file a "Nil Return." Failure to do so attracts late fees. Let WsCore Tech handle your monthly filings.
GSTR-1 is a return summarizing all outward supplies (sales). GSTR-3B is a monthly self-declaration return containing summary details of supplies made, input tax credit claimed, and tax liability paid.
ITC means reducing the taxes paid on purchases from the taxes to be paid on sales, avoiding the cascading effect of taxes in the supply chain.
Yes. If you operate businesses in different states, you must obtain a separate GST registration for each state using the same PAN.
You can apply for cancellation online if your turnover falls below the threshold or the business is closed. A final return (GSTR-10) must be filed.
For delayed Nil returns, the penalty is usually ₹20 per day. For regular returns, the late fee is ₹50 per day, along with 18% per annum interest on the outstanding tax.
Income Tax (ITR)
Any individual whose gross total income exceeds the basic exemption limit must file an ITR. Companies and firms must file ITR irrespective of profit or loss.
For individuals and entities whose accounts do not require an audit, the due date is typically July 31st of the assessment year. For businesses requiring an audit, it is usually October 31st.
The form depends on your income source. ITR-1 is for salaried individuals. ITR-3 is for business/profession income. ITR-4 is for presumptive taxation. ITR-6 is strictly for companies.
TDS stands for Tax Deducted at Source. It is collected at the source of income generation (like salary or interest) to prevent tax evasion.
If TDS deducted exceeds your actual tax liability, you must file your ITR. The income tax department will assess the return and process the refund to your bank account.
The Old Regime allows you to claim various deductions (like 80C) but has higher slab rates. The New Regime offers lower tax rates but removes most major exemptions.
Yes. If you discover an error after filing your original return, you can file a 'Revised Return' under Section 139(5) before the specified deadlines.
Filing after the deadline incurs a late fee (up to ₹5,000) under Section 234F. You will also have to pay penal interest on any outstanding tax.
You must retain all supporting documents, invoices, and receipts for at least 7 years in case the Income Tax Department issues a notice for scrutiny.
It relieves small taxpayers from maintaining extensive books of accounts. Eligible businesses can declare income at a prescribed rate (e.g., 8% or 6% of turnover) and pay tax accordingly.
FSSAI Registration
FSSAI license is a mandatory 14-digit registration number required for all Food Business Operators (FBOs) in India, including manufacturers, traders, and restaurants.
Yes: Basic Registration (Turnover below ₹12 Lakh), State License (Turnover ₹12 Lakh - ₹20 Crore), and Central License (Turnover above ₹20 Crore or operations in multiple states).
Absolutely. Anyone involved in manufacturing, processing, packaging, or distributing food requires at least a Basic FSSAI Registration.
An FSSAI license can be issued for a period ranging from 1 year to a maximum of 5 years. It must be renewed before expiry to avoid penalties.
You need a passport-size photo, identity proof (Aadhaar/PAN), proof of address of the business premises (rent agreement/utility bill), and a declaration form.
Basic Registration usually takes 7-10 working days. State and Central Licenses may take 30 to 45 days due to detailed document verification.
Yes, in the event of the death of the license holder, the FSSAI license can be transferred to the legal representative by applying to the Designated Officer.
It is a punishable offense under the Food Safety and Standards Act, attracting imprisonment of up to 6 months and a penalty up to ₹5 Lakhs.
Yes, an FSSAI Central License is mandatory for businesses exporting food products from India, regardless of their annual turnover.
An application for renewal must be filed online at least 30 days before the expiry date of the current license to avoid late fees.
IT & Digital Solutions
We develop corporate profiles, E-commerce stores, portfolio sites, blogs, and custom service portals tailored to specific business needs. Get a free quote for your project.
Yes, all websites developed by WsCore Tech are 100% responsive, ensuring they function perfectly across mobile phones, tablets, and desktops.
A standard corporate website takes 1-2 weeks. Complex E-commerce platforms or custom software projects may take 4-8 weeks depending on requirements.
Yes, we provide end-to-end solutions including domain name registration and secure cloud hosting tailored to your website's traffic.
Certainly. We can revamp your existing website with modern aesthetics, faster loading speeds, improved UI/UX, and upgraded security.
A CRM (Customer Relationship Management) system is software built specifically to track leads, manage customer data, and automate your sales workflow.
Yes, basic On-Page SEO (meta tags, URL structure, image optimization) is included in all our web development packages.
Yes, we offer Annual Maintenance Contracts (AMC) covering backups, security patches, plugin updates, and content changes.
Yes, we seamlessly integrate gateways like Razorpay, PayU, Stripe, and CCAvenue into your E-commerce or service websites.
You do. Once the final payment is cleared, full ownership of the website, source code, and assets is transferred to you.
Citizen Services
With online e-KYC, an e-PAN can be generated within a few hours. A physical PAN card is dispatched within 10-15 working days.
Yes, you can apply for a correction in PAN data using supporting documents like an updated Aadhaar card or marriage certificate.
A DSC is a secure digital key used to validate identity online. It is required for e-filing income tax, MCA filings, and e-tenders.
Yes, a Class 3 DSC provides the highest level of assurance and is the standard requirement for all MCA registrations and GST filing.
Our experts accurately fill out complex government applications, passport applications, and other institutional forms to ensure no errors lead to rejection.
For an individual DSC, you need a PAN card, Aadhaar card, an active mobile linked to Aadhaar, a photograph, and video verification.
Absolutely. WsCore Tech adheres to strict data privacy policies. We securely store your documents and never share them with unauthorized parties.
Yes, we provide technical assistance to link your PAN and Aadhaar on the Income Tax portal, which is mandatory.
A Digital Signature Certificate (DSC) is generally valid for 1, 2, or 3 years and must be renewed before expiry.
Yes, we assist small businesses in obtaining the Udyam Registration Certificate through the official portal to access MSME benefits.