India Tax Adda

  Registering for an Importer-Exporter Code (IEC) is a mandatory step for anyone looking to start an import-export business in India. The process is fully digitized and managed by the Directorate General of Foreign Trade (DGFT) . As of 2025 , the registration is linked directly to your PAN , and the 10-digit IEC number is now identical to your PAN. 📋 Document Checklist Before you start, ensure you have scanned copies (PDF or JPEG) of the following: Document Type Specific Requirement Identity Proof PAN Card of the individual (for proprietorship) or the entity. Address Proof Sale Deed, Rent Agreement, or Utility Bill (Electricity/Telephone). Bank Proof A cancelled cheque or a bank certificate showing the account holder's name. Photo A digital passport-sized photograph of the applicant. Authorization Digital Signature Certificate...

  A Detailed Project Report (DPR) is a comprehensive document that acts as a roadmap for your business and a pitch to your banker. When a bank evaluates a loan application, they are looking for one thing: assurance that you can repay the loan plus interest . Here is a structured template for a bank-ready DPR.   1. Executive Summary This is the "elevator pitch" of your report. Keep it to one page. Business Name & Constitution: (Proprietorship, Partnership, or Pvt Ltd). Loan Amount Required: Specify the exact figure. Purpose of Loan: (e.g., Buying machinery, working capital, or expanding a facility). Promoter Background: A brief mention of your experience. Key Financial Highlights: Expected Revenue, Net Profit, and Debt-Service Coverage Ratio (DSCR). 2. Promoter Profile Banks lend to people as much as they lend to ideas . Educational Background: Qualifications relevant to the business. Work Experience: ...

  A Detailed Project Report (DPR) is a crucial document that serves as the "roadmap" for your business and the primary tool for a bank to assess your creditworthiness. Banks look for clarity, financial viability, and a strong repayment plan. Here is a structured template and guide on what to include in a professional DPR. 1. Executive Summary This is a high-level overview designed to grab the banker’s attention. Business Name & Constitution: (Proprietorship, Partnership, Private Ltd.) Project Description: What are you making or selling? Loan Amount Required: Specify the Term Loan (for assets) and Working Capital (for daily operations). Promoter Profile: Brief background of the owners. Key Financials: Expected Revenue, Net Profit, and Debt-Service Coverage Ratio (DSCR). 2. Promoter & Management Profile Banks lend to people as much as they lend to ideas . Educational Background: Qualifications of the direc...