Taxation & Advisory
1. Corporate & Individual Taxation: This involves advising and managing tax obligations for both corporate entities and individuals. It includes tax planning to minimize tax liabilities, filing income tax returns (ITR), complying with tax laws, and ensuring timely payment of taxes.
2. Capital Gain & Taxation:Capital gains taxation deals with the tax implications of profits earned from the sale of capital assets such as stocks, bonds, real estate, etc. Advisors help calculate capital gains, apply relevant exemptions or deductions, and file returns accordingly.
3. Tax Advisory & Compliances: Tax advisory services provide guidance on complex tax matters, interpretations of tax laws, structuring transactions to optimize tax benefits, and ensuring compliance with tax regulations. It involves staying updated with changes in tax laws to provide accurate advice.
4. GST Return Filing: Goods and Services Tax (GST) return filing is mandatory for businesses registered under GST. It involves calculating GST liability, filing returns (monthly, quarterly, or annually depending on turnover), claiming input tax credit, and complying with GST laws.
5. TDS Return Filing: Tax Deducted at Source (TDS) return filing is mandatory for entities deducting TDS on payments made. It involves deducting tax at the prescribed rates, depositing it with the government, issuing TDS certificates, and filing TDS returns periodically.
6. Income Tax Return Filing:This is the process of filing annual returns disclosing income earned, deductions claimed, and taxes paid by individuals, businesses, and other entities. It includes preparing financial statements, computing taxable income, claiming exemptions or deductions, and filing the return within the due date.
