Tag Archives: Karawal nagar Delhi
Income tax consultant in delhi
Income tax consultant in Delhi – India
Income tax consultant in Delhi – India
Welcome to Tax Firm, A Complete Tax/Accounts Consultancy Firm.
- Implementing systems & procedures to smooth the all accounting functions for Bank Reconciliation & Book Keeping
- Fulfilling Statutory Compliances – Income Tax, TDS, TCS, Sales Tax, Service Tax, PF, ESI, etc., & Computing & arranging for timely deposit of taxes, filing of returns for timely completion and ensuring Statutory Compliance& finalizing of Balance Sheet
- Wages sheet deduction PF, ESI & paid challan & submission of returns
- Filing of TDS /Service Tax /VAT & CST Return
- Accounting work
- Various Bank Reconciliation
- Collection MIS & Entries & Confirmation of Balances.
- Tally entries: -Sales, purchase, sales return, purchase return, contra, journal etc
- Computation of TDS, Service Tax
- Online Payment of Taxes: TDS, Service Tax by their respective due dates.
- Month-end, quarter-end and year-end closing
- Finalization of Balance Sheet as per Schedule III Companies Act 2013
- Computation of TDS on Salary
- Consolidation, inter-company transactions and reconciliations
- Prepare and issuance of Form 16 to employees
- Salary Reconciliation
- Invoicing
- Petty Cash Handling
- Cash Flow & Budgeting
- Filing various Tax Returns like Service Tax, TDS etc.
- Calculation of Depreciation as per Companies Act as well as Income Tax
- Making Profit & Loss Account on monthly basis as well as Quarterly
- Other Accounts and Finance works
- Salary Process on Payroll e.g. Computation of Salary, Employee Master Creation, PF, ESI, Professional Tax, Salary Slips, Salary sheet preparation and payments etc.
- It is now mandatory to disclose the Aadhaar number while filing I-T returns.This is the most important amendment in the rules for filing I-T. Till last year, it was optional to disclose the Aadhaar number while filing the returns. Generally, the last date for filing I-T returns is 31 July. Therefore, it is advisable for tax payers to get their Aadhaar number at the earliest.
- Another important amendment that comes into effect from the financial year 2017-18, is theprovision of penalty in case the return is filed late.According to this provision, if the return is not filed till 31 December, the tax payer has to pay the penalty of Rs 5,000. If the tax payer files the return after 31 December, a penalty of Rs 10,000 will be imposed. However, the penalty has been restricted to Rs 1,000 for income of up to Rs 5 lakh.
- Only a one-page tax return form will be provided for salaried tax payers with income up to Rs 50 lakh. The source of their income can be their salary and rental income from only one house. If the tax payer has more sources of income, he cannot file his return through a one-page tax return form. Those earning up to Rs 5 lakh and filing return for the first time will be free from scrutiny
| Income Tax | Basics |
| Income Tax | Rates of Tax |
| Income Tax | Exemptions and Deductions |
| Income Tax | Salary Income |
| Income Tax | House Property Income |
| Income Tax | Profit and Gains of Business or Profession |
| Income Tax | Capital Gains |
| Income Tax | Capital Gains – Certain transactions not regarded as Transfer |
| Income Tax | Capital Gains – Specific Exemptions |
| Income Tax | Income from Other Sources |
| Income Tax | Clubbing of Income – Income of other person to be included |
| Income Tax | Set off and Carry forward of Losses |
| Income Tax | Payment of Taxes and Interest |
| Income Tax | Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) |
