TAX COMPLIANCES
(ITR & GST filings)
TAX COMPLIANCES(ITR & GST filings)
Tax compliance is a challenging task for big or small business firms as well as individual heavy earning members in a nation where rules and regulations of tax are getting constantly updated or changed. Getting at the same pace with the changes in government leadership, digitalization etc, is not everyone's cup of coffee, especially during this pandemic period.
- Company/LLP Annual statutory compliances
- MOA & AOA amendment
- Addition & Removal of Directors
- Addition & Removal of Partners in LLP
- Share enhancement, share allotment and share transfer.
- Registered office addresses change
- Winding up & strike off of Company
- LLP strike off
ITR filings
Income Tax Return or ITR is a form that Indians should submit to the government of India, According to the Income Tax Act of 1961, every taxpayer should file their income tax form without fail in their respective deadlines. The income tax department has issued 7 different types of forms, namely ITR1, ITR2, ITR3, ITR4, ITR5, ITR6 and ITR7 to be filled and submitted by tax-paying individuals of different categories.
You are required to proceed with ITR filing if,
- You have exceeded the annual income mentioned by the income tax department of India
- If you own a firm. Here the taxpayer is not an individual, but a company or firm.
- If you have foreign assets.
- If you need a tax refund from the income tax department.
- If you need to apply for a loan.
- If you need to have a foreign visa.
GST Filings
The term Goods and Service Tax or GST is not a novelty for most of us because Goods and Service Tax issues in India had been a hot media subject in the past, not so distant. GST filings had become so much significant for business entities over the past due to many reasons such as:
- GST saves money by eliminating the tax on tax paid during every single transaction. This is because GST already includes a list of taxes that used to be considered for tax on tax payment.
- GST helps the tax sector system to be more organised than previously. Tax payment is digit d casting away all the troubles of the old system.
- GST favours new startups, emerging small businesses and the e-commerce industry.
We will help you to comply with the legalities of tax in India, whether
you are an individual earning member or you seek service for your firm.
