TAXATION / ITR / TDS / GST FILING
Taxation
Filing Income Tax Returns is an annual occasion with different due dates for different types of taxpayers.
ITR
Filing Income Tax Returns in Patna is an annual occasion with different due dates for different types of taxpayers. The ITR is required to be filed within its due date otherwise there are severe repercussions in the form of interests and penalties charged. Our organization takes careful consideration of your ITR and helps you file it in the given due dates efficiently. An Income Tax Return or ITR is a form where all taxpayers are required to declare their taxable incomes from all the sources, any eligible deductions, and tax payments if any. It contains information about the person's income and the taxes to be paid on it during the year. This is called the ITR Filing process.It recognizes taxpayers’ commitment by awarding certificates of appreciation to them. The four categories of these certificates are: Platinum, Gold, Silver, and Bronze
TDS
TDS Returns are supposed to be filed by any entity or person who is liable for deducting tax at its source. A TDS Return is a quarterly generated statement that needs to be submitted to the Income Tax Department. Filing of a TDS Return are compulsory if you are a deductor and contain all the necessary details of the TDS deducted and deposited by you during a particular quarter. Find out the latest updates regarding TDS percentage rates in India and employ our services to file your TDS returns to avoid confusion or delays.The first work for filing a TDS Return is to get a valid TAN or Tax Deduction Account Number. You will need to check which payments you need to deduct TDS on. Generally, all kinds of payments such as salaries, professional fees, interest, Payment to contractors, and rent of machinery and building among others are all covered under TDS liable payments.
Business Audit
A business audit is a documented evaluation of whether or not a company’s financial statements are materially correct along with the standards, evidence, and assumptions used to conduct the audit. An auditor reports on several topics: Financial statements : An auditor reports whether or not the financial statements are free of material misstatement. In this context, the word “material” means an error or missing information that is large enough to impact the reader’s opinion of the financial statements. An audit is designed to identify financial statement errors. Regulatory requirements : The financial statements must be prepared based on a set of accounting rules. while governmental and not-for-profit firms use different sets of accounting rules. The audit opinion states that the financial statements were prepared in accordance with a specific set of rules.
Roc Compliance
The annual ROC compliances are detailed reporting of the business procedures that every registered company/LLP in India should submit within the due date prescribed in the Companies Act, 2013 and Companies Rules. The companies/LLP must file the ROC forms with ROC without fail, or else they will have to pay a penalty.The ROC forms are annual forms. There are no forms that need to be filed every month with the ROC. The forms to be filed with the ROC relate to the financial information of the company/LLP for a financial year.A company/LLP can ask for an extension in the due date for filing a ROC form by applying for an extension with the ROC where the company/LLP is registered. The company/LLP has to state the reason for the extension required for filing a form. The ROC will grant an extension if the reason is valid.
GST FILING
The new Indirect Taxation regulation is based upon the system of seamless flow of the GST Credit within the entire supply chain. A taxpayer is needed to file a monthly computation of their GST and Return. On the contrary, a GST return is required to be filed on a quarterly basis for small taxpayers. The Various Types of GST Returns Are Mentioned as Under GST was introduced and applied in India W.E.F 1st July 2017. More than 1.2 crores of taxpayers since then have registered for their GSTIN numbers where all the applicants are liable to file various kinds of GST Returns on the due date. Even if an inactive business has obtained registration with GST, they are required to file a GST return in the required Form. Since this is a relatively new Act in India, compliance can be confusing for former VAT and Service Taxpayers. Contact us for top to bottom GST filing solutions today.
INVESTMENT
An investment is an asset or item accrued with the goal of generating income or recognition. In an economic outlook, an investment is the purchase of goods that are not consumed today but are used in the future to generate wealth. In finance, an investment is a financial asset bought with the idea that the asset will provide income further or will later be sold at a higher cost price for a profit. Investment decisions by manufacturers, such as whether to buy new machinery, rely to a large extent, on the market place rate of interest. However, for simplicity, we presume here that enterprises plan to invest the same amount every year. We can write the ex-ante investment demand as:
