Each business is required to submit various returns to the relevant governmental agencies. We Provide income tax return file service. Earnings made through taxes are an important revenue generation system of the Indian government.
Income tax is one of the various taxes in the system. It deals with taxing an individual, company, or organization’s earnings over the financial year. The earnings or revenue could come from regular salaries, dividends, interest, capital gains, or any other source of profit.
An income tax return is taken as evidence that you have paid your online income taxes as per government rules. The ITR includes information about your yearly income and also about the total amount of taxes you have paid. Any person who has taxable income must file an Income Tax Return (ITR) each year.
If you pay more tax, then filing an ITR will assist you in getting a refund. You have to pay a fine or suffer legal action if you don’t file your ITR on time.
You have to do this in order to file an e-file:
The following conditions are applicable for a person to mandatorily file an income tax return online:
Maintaining the record of every detail with the proper information for an income tax return filing might be time-consuming. So, doing the filing earlier online will be more helpful.
TDS, or Tax Deducted at Source, is an income tax deduction. We make it from money spent on payments, such as commission, rent, salary, professional fees, interest, etc. The person getting the income is responsible for income tax payment. However government ensures that income tax is taken in advance through use of regulations known as Tax Deducted at Source. After deducting TDS, the beneficiary of the income receives the net amount. The recipient will add the gross amount to his income and subtract the TDS amount from his overall tax obligation. The recipient will take credit for the already deducted amount and pay on their behalf. We offer TDS service consultant in Chandigarh you can call us any time.
TDS Service – We are specializes in offering clients full TDS consultant services and placements. While strictly following the Income Tax Act’s requirements. As TDS consultants in Chandigarh, offer knowledgeable advice on TDS compliance, including precise computation, and timely deposit of TDS amounts. We help clients comply with all the reporting requirements and keep accurate records. We provide effective solutions that are suited to the individual demands of the clients since our qualified personnel is knowledgeable about the nuances of TDS rules.
All assesses who fall under the tax bracket set by the Income Tax Department are required to file TDS returns. The deductions must submit their TDS returns on time. The information will appear on the payee’s Form 26AS once the TDS returns have been filed. To make sure the TDS is properly deposited with the government on time, we file the TDS returns on behalf of the deducted.
Different payment types have an impact on how TDS is calculated. Because of this, for those who are unsure of how to compute TDS on a wage, a bill, or fixed deposits. we calculate the TDS amount using the applicable TDS rate and the type of income.
According to the Income tax Act, every person making a payment or crediting specific income to another person is required to deduct a specific portion of the amount and deposit the deducted amount. TDS consultant service ensures that the deductor follows all TDS-related laws and regulations. It includes filing TDS returns on time, making deposits on time, and maintaining TDS records for a specific time period.
The person who is deducting Tax (the deductor) issues TDS certificates to the individual (the deductee). We arrange for TDS certifications from TDS Portal, certifying the amount of TDS deposited and deducted, to be given to the deductee and the deductor.
The Income Tax Department’s TDS Reconciliation Analysis and Correction Enabling System (TRACES) offers an interface to all parties involved in TDS administration. It permits to know about the downloading of the Conso File, status of the challan, Forms 16 and 16A, Justification Report, as well as viewing of the annual tax credit statements (Form 26AS). We compare the deductor’s books of accounts and the TDS returns that were submitted to the government to ensure that the TDS is accurately recorded.
Our TDS Consultant Service in Chandigarh will be a great assistance to businesses. We make sure that the TDS compliance is made on time and there are no penalties for late TDS filing. Service also frees up the business to focus on business activity by reducing the burden of TDS return submission.
TDS services become essential to businesses to ensure that TDS compliance is up-to-date and TDS filings are made before deadline. Using the skills and expertise of our TDS consultant service will make sure that TDS returns are done without mistakes and on time. It also allows businesses to get credit for the TDS that was deducted from their source of income.
Are you a business owner in Chandigarh seeking expert guidance on Goods and Services Tax (GST)? Look no further! Aman Arora and Associates is your go-to GST service consultant with over 10 years of unmatched experience in the field. We pride ourselves on providing top-notch GST solutions that can help streamline your business and ensure compliance with the ever-changing tax landscape.
GST is a single, comprehensive tax on the manufacture, sale and consumption of goods and services throughout India. It is a destination-based tax applicable on the value addition at each stage of the supply chain. GST subsumes all indirect taxes except a few state taxes like stamp duty.
Businesses and traders with an annual turnover of over Rs. 40 lakhs (for most states) are required to obtain GST registration. This includes manufacturers, wholesalers, retailers, e-commerce operators and service providers. Some exceptions are:
The process of GST registration can be done online via the Government’s GST portal. Key documents needed are PAN card, business address proof, bank account details, authorized signatory details, etc. Based on the business activities, the applicant can obtain one of these GST registrations:
After submission of application and documents, GSTIN is issued within 3-7 working days.
Once registered, businesses are required to regularly file GST returns that summarize outward and inward supplies, tax liability, and input tax credit during that tax period.
Types of GST returns to be filed:
Returns need to be filed online on the GST portal by the due dates. Late fees are applicable for delays. Accurate and timely filing helps avoid penalties or other scrutiny.Our proficient team will take care of all your GST return filing requirements, ensuring that your business stays compliant with the tax regulations.
With Mr. Pawan’s vast experience and expertise, our consultancy offers valuable insights and strategic advice on various GST matters. From optimizing your tax structure to understanding the implications of specific transactions, we are here to provide solutions that work best for your business.
Facing a GST audit can be daunting, but with our support, you can navigate the process with ease. We will meticulously prepare and organize all relevant documents, ensuring a smooth and successful GST audit.
Our team conducts thorough compliance reviews to identify potential issues and discrepancies. We proactively address these concerns, enabling your business to maintain accurate records and stay compliant at all times.
Aman Arora and Associates are providing full range of GST Consultant in Chandigarh like registration of GST no; invoicing, filing of returns and litigation matters on GST, We have fully dedicated professional team on GST consultant service .
We make Class 1 DSC, Class 2 DSC, Class 3 DSC
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+91 9888460747, +91 9855999988
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Cabin no 7,Basement, Basement of Frankfinn, SCO 118-120, Sector 34A, Sector 34, Chandigarh, 160034