Taxation and Accounting
Financial restatements, coupled with increased regulatory scrutiny of tax accounts and related tax disclosures, have elevated the focus on tax accounting — and exposed significant problems in many companies.
Income Tax Return Preparation & Filing
Income Tax Return (ITR) is a form which a person is supposed to submit to the Income Tax Department of India. It contains information about the person’s income and the taxes to be paid on it during the year. Information filed in ITR should pertain to a particular financial year, i.e. starting on 1st April and ending on 31st March of the next year.
Accounting for business: Book keeping & financial statement preparation
TDS full form is Tax Deducted at Source. Under this mechanism, if a person (deductor) is liable to make payment to any other person (deductee) will deduct tax at source and transfer the balance to the deductee. The TDS amount deducted will be remitted to the Central Government.
Tax Planning, Management & purchase reconciliation
Tax planning facilitates the smooth functioning of the financial planning process. Compliance regarding tax payment reduces legal hassles. Tax planning helps channelize taxable income to various investment plans. Tax planning helps you save money.
Registration of GST will confer the following advantages to a taxpayer: He is legally recognized as a supplier of goods or services. He is legally authorized to collect tax from his customers and pass on the credit of the taxes paid on the goods or services supplied to the purchasers/ recipients.
GST Return Filing & purchase reconciliation
All the Registered Dealers are required to file GST returns irrespective of the type of business or turnover or profitability during the return filing period. Under the GST Regime, even a dormant business that has obtained GST registration must file the GST return.
PAN & TAN registration
The Permanent Account Number (PAN) card, issued by the Income-tax Department, is one of the most important documents nowadays.
TAN number or TAN registration is very important for businesses deducting tax at source and is required to be quoted in TDS or TCS return.
Complete GST package ( Registration + return filing for full year)
GST is an absolute Indirect Tax that is a levy on the sale, manufacture, and consumption of goods and services over the country. It is a separate tax proper for the supply of goods from the manufacturer to the user. GST is vital only on value addition at each stage.
Complete accounts package ( GST, TDS, ITR)
This plan is designed to provide a comprehensive solution to all your accounting needs so that the bussines owner and his team can focus on core business.