Attach Your Car With Ola To Start A Business

ATTACH YOUR CAR WITH OLA TO START A BUSINESS

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Nowadays, the service industry is not only the fastest-growing but it is also having one of the largest contributions in India’s GDP (28% appx).

It is not only dominant in India GDP, but it also brings in a considerable amount of foreign investment and also provides large scale employment opportunities.

One of the most trending business in some of the prime location in India such as Delhi NCR, Mumbai, and Bangalore etc. are providing cab service. It just requires you to have a smartphone & a vehicle. (Even if you don’t have a vehicle the service provider is having an option with which you can start the business).

Read the remaining article carefully and you will understand all the formalities required to be fulfilled to attach your car in OLA.

Read other blogs: Transactions in which it is mandatory to give your PAN Card number

DOCUMENTS REQUIRED

Documents of the driver:

More documents may be required for leasing.

  • Valid commercial Driving license (yellow badge)
  • Aadhaar card
  • PAN card
  • Current & permanent Address proof document (For example electricity bill)
  • Bank details (passbook & cancelled cheque book)
  • Reference (address & phone numbers)

Car Documents

  • Registration certificate
  • Vehicle permit
  • Insurance of vehicle

Other Documents required

  • PAN card
  • Aadhaar card
  • Address proof (For example electricity bill)
  • Canceled cheque

DIFFERENT TYPES OF CABS CUSTOMERS CAN BOOK WITH OLA:

  1. OLA Share
  2. OLA Micro
  3. OLA Mini
  4. OLA Prime
  5. OLA Autos
  6. OLA Bike
  7. OLA E-Rickshaw
  8. OLA Luxury
  9. OLA Outstation
  10. OLA Rental
  11. OLA Shuttle

Read more blogs: YOUR PAN CARD MIGHT BECOME INOPERATIVE FROM 01, JANUARY, 2020

WAYS TO START A BUSINESS WITH OLA

There are 3 ways of starting a business with OLA:

Joining OLA as a partner

  • If you own a car then it is easy to attach it with OLA
  • Call or visit the nearest OLA centre and they will provide you with all the details required to attach your car with OLA.
  • Be sure to read all the information carefully before attaching your car with OLA.
  • Submit the necessary documents as mentioned in the article.
  • OLA will then start the training process.
  • The signing of the contract with OLA.
  • Run your car as an OLA cab in your city.

Joining OLA as a driver

  • For those who don’t own a car but still wants to start their business with OLA
  • Simply visit the office of OLA and understand the details required to attach your car with OLA
  • Submit the necessary documents mentioned in the article above.
  • Depending on the car you lease, one has to pay a rental fee of INR 700 – 1200 to OLA. This will be automatically deducted from your daily earnings and the remaining amount will be transferred to your account through NEFT/Cash.
  • OLA will then start the training process.
  • The signing of the contract with OLA.
  • Start working as an OLA Driver.

Joining OLA as a fleet operator

  • For those who have multiple cars, can attach them as a fleet with OLA.
  • Call your nearest regional office and collect the information regarding OLA fleet.
  • Submission of documents
  • If you are not able to find the drivers, OLA will help you find them.
  • OLA will inspect your car & check whether it is meeting the standards of the company or not.
  • OLA will then train these drivers and will make them technology-friendly.
  • After completion of all the processes, OLA will register you as fleet operator under it.
  • The signing of the contract with OLA.
  • Start working as an OLA fleet operator.

FREQUENTLY ASKED QUESTIONS

Q. How to get a car on a lease in OLA?

  • Get your documents verified
    • Pay the verification fees & security deposit
    • You will get the car once your profile is verified

Q. Initial payment to lease a car in OLA?

  • A non-refundable charge of INR 4,000 is to be paid.
  • Refundable charge of INR 21,000 – 31,000 based on the vehicle.

Q. What is the procedure to pay the daily rental of OLA?

  • OLA will deduct your daily rental from daily earnings and will transfer the remaining to your account through NEFT/Cash.

Q. How much time does OLA takes to complete the registration process?

  • If all your documents are complete and ready to be verified then it will hardly take a day to start with your booking process.
Your PAN Card might become

YOUR PAN CARD MIGHT BECOME INOPERATIVE FROM 01, JANUARY, 2020

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  • 31st December 2019 is the last date to link PAN-AADHAR after which your PAN will become “inoperative”.
  • Earlier the rule was that if you fail to link PAN-AADHAR then your PAN will become “invalid” i.e. you never had a PAN.
  • However, the Government is yet to define the meaning of being “inoperative”.
  • In the recent budget which was presented in July 2019, the government had amended the PAN-AADHAR linking rules.
GST Registration

Why this change in the rule was announced?

  • These changes were announced by the government to secure the previous transactions done by the taxpayers using PAN.
  • This will be beneficial not only for the government but for the honest taxpayers as well.

Related Blog – All you need to know about Company Registration as a startup

What will happen if PAN is not linked with AADHAR till 31, December 2019?

  • There is no clarity as to what will happen if you are not able to link PAN-AADHAR within the prescribed time limit. The government is yet to clarify the exact meaning of the word “inoperative”.
  • The government will also notify whether these inoperative accounts will be re-activated after being inoperative.

How to link PAN- AADHAR?

EXISTING USER

  • If you are an existing user and you have previously filed your returns using your PAN then chances are that you have already mentioned your Aadhar no. while filing your tax return.
  • Income tax department might have linked both you PAN-AADHAR in case they have your details with them.
  • You can check your status regarding the same by visiting the www.incometaxindiaefiling.gov.in

NON-EXISTING USER

Click on the above-mentioned link and fill-up the form by filling the details of your PAN-Aadhar and get it linked.

OTHERS

  • Via SMS: Sending an SMS from your registered mobile number to 567678 or 56161 using the format UIDPAN<SPACE><12 digit Aadhaar><Space><10 digit PAN>

Related Blog: How to check your PAN card status?

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Find the Right Business Tax Consultant in India

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