Be compliant with Indian Tax Laws

Over the last decade, the 印度的稅務服務 has undergone massive modifications, posing significant challenges to large and expanding enterprises, particularly those operating on a global scale. 睿宏國際貿易顧問有限公司’s 印度的稅務服務 shield you from these challenges.

印度的稅務服務

A tax consultant’s or tax advisor’s principal duty involving 印度的稅務服務 is to assist individuals and organisations in paying their taxes. They are knowledgeable in tax law, tax compliance, and tax planning. Individuals and company owners can both employ a tax expert to optimize their taxes in the long and short term. We assist customers in completing tax returns and work closely with them to reduce tax bills throughout the year. We can assist you in paying just the necessary tax and avoiding any tax liabilities at the conclusion of the fiscal year.

Over the last decade, 印度的稅務服務 has undergone massive modifications, posing significant challenges to large and expanding enterprises, particularly those operating on a global scale. The manner in which your company responds to these difficulties and tackles the risk of noncompliance with Indian tax rules can have a major influence on its survival in this dynamic and changing market. 印度的稅務服務 assist you reduce your tax exposure by immediately identifying the dangers contained in this complex law, based on our extensive expertise and understanding of tax regimes in India and throughout the world. We offer a wide range of tax services to assist our customers in reaching their company goals, reducing their risks and improving their business performance.

Taxes may be a substantial expense of running company; thus, proactive counsel can assist in achieving tax efficiency. Our professionals are guided by a single, powerful underlying philosophy: ‘assisting our clients in achieving their business objectives hurdle free and smoothly. We strive to take a ‘all-in-one tailormade approach,’ which includes different elements of tax advice.

Highlights

You need to have a GST Number in order to file GST returns.

There are 22 types of returns prescribed under the GST regime.

11 types of GST returns are active, 3 suspended, and 8 are view-only in nature.

GST Return

The adoption of the Goods and Services Tax on July 1st, 2017 resulted in one of India’s most significant tax reforms in history. GST is a unified tax on the supply of goods and services that replaces all other indirect taxes such as central excise duty, state VAT, central sales tax, purchase tax, and so on. As a result, whether you are a dealer, a manufacturer, or a service provider, you must register for GST in order to file returns.
If you’re wondering how to file GST returns or how many GST returns you need to file, you may go to the GST login portal to get answers to all your questions and to submit GST online. To begin, you should understand how to register for GST and how to get your GST number.

A GST return is a form that a taxpayer who is registered under the Goods and Services Tax (GST) law must file for each GSTIN that he has.

Did you know that the GST Rules specify 22 different types of GST returns? Only 11 GST returns are active, 3 are suspended, and 8 are view-only. This article will provide you additional information.

In summary, the number and kind of GST returns that a business/professional must file are determined by the kind of taxpayer registered. Regular taxpayers, composition taxable people, e-commerce operators, TDS deductor, non-resident taxpayer, Input Service Distributor (ISD), casual taxable people, and others fall under this category.

ITR Return

Income Tax services comprise taxation on income earned in a financial year a part of which is taxable as per rates prescribed for that year. With the financial year running from 1 April to 31 March of following year, broadly taxpayers are classified as residents or non-residents where the individual taxpayers can be classified as ‘residents but not ordinary residents’.

We provide specialist advice to corporations, international companies, individuals (both residents and non-residents), and partnership businesses that are required to pay tax under Indian law. We also file Income Tax Returns for various types of people in accordance with the Income Tax Act. This is another essential component that most people are unaware of, and as a result of a lack of understanding and, at times, bad counsel, they end up making poor financial decisions, which is an essential element of everyone’s life. We can create tax solutions to assist our clients in handling new tax regulations in accordance with our legislation.

Income tax Consultants or Tax consultants related service that we offer to our clients are:

• Preparation of return
• Tax assessments before authorities in India
• Consultancy in Tax matters & tax planning
• Foreign taxation consultancy
• Transfer Pricing matters
• Withholding tax compliance
• Income tax Appeals before CIT (Appeals) and ITAT

Highlights

Financial year runs from 1 April to 31 March of following year.

Income is categorized under five broad heads: Salary, Income from House Properties, Profits from Business/Profession, Capital Gains and Income from Other Sources.

Taxable Income = Gross Income – Deductions Allowed under Section 80 of the Income Tax Act

Highlights

The TDS must be deposited to the government by 7th of the subsequent month by deductor.

TDS has to be deposited using Challan ITNS-281 on the government portal.

TDS certificates have to be issued by deductor to the assessee from whose income TDS was deducted while making payment.

TDS Return

TDS is the tax that is deducted at the time of making a payment to a person and is required to be paid under the Income Tax Act of 1961. When a person deducts these taxes, he or she must deposit TDS with the government. According to the laws, the employer who deducts the tax is known as the deductor, and he deducts the tax before completing the payment and provides it to the customer, who is known as the deductee. This tax is subsequently deposited with the Indian government’s central government.

TDS is required by law for salaried employees, bank interest payments, legal and consulting fees, and so on. When it comes to deducting taxes, there is a certain percentage that might range between 10 and 20%. In addition, if a person’s TDS deduction exceeds the maximum, he or she can request a refund of the excess amount. TDS payment can be made in two ways: electronically (through E-payment) or physically.

TDS return submission is critical for obtaining your refund. TDS Return is a quarterly statement sent to the income tax department that includes PAN information, details of tax paid, TDS challan information, and several other needed papers.

睿宏國際貿易顧問有限公司 offers cost-effective alternatives for filing TDS returns. When you pick us, our specialists will quickly handle your TDS-related problems. We handle TDS e-filing, due date reminders, required papers, and keeping you up to date on tax-related developments.