income tax consultants In Bangalore

Income Tax Consultants in Bangalore. We provide income tax return filing Services. Income tax return filing Services Starts From Rs 499* Onwards, & Deliver the best quality Sevices in Malleshwaram, Bangalore.

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Our Benifits

GST Consultants

Expert Advice

Get Expert advice on notice & scrutiny from the Tax Department.

income tax return filing Services

Return Filing

File tax returns accurately with the support of our expert team

income tax return filing Services

Tax Planning

Determine How New Tax Legislation Affects Your Business & Investments.

What is Tax Advisory Services ?

Tax advisory service helps you to analyze financial and tax problems, formulating the solutions, and making recommendations. The main aim is to provide advice on taxation for clients ranging from individuals to businesses. A tax advisor helps you with strategies to minimize taxes owed while staying within the scope of the law and regulation. A tax advisor can be trained as accountants, lawyers, or financial advisors, or may work as a team consisting of two or more types of professional.

How we can assist you ?

Our experience & in-depth knowledge of direct & indirect tax in India helps us to understand various taxation regulations & offer a comprehensive blend of tax advisory, tax litigation, regulatory, and compliance services, help you operate through complex business circumstances with optimal and effective solution. We provide income tax return filing Services & Gst Return Filing Services in Malleshwaram, Bangalore.

 

Direct Tax

What is the Direct Tax services?
A direct tax is paid directly by an individual or organization to the imposing entity. such as income tax, which is levied on the income or profits of the person who pays it, rather than on goods or services.
Direct tax services refers to
–  Income Tax Computation & filing return.
–  TDS return computation & filing return.
–  Computation & payment of advance tax.

How we can assist you?
We have a team that helps you in the preparation and filing of income tax returns. We provide advice on advance tax payments, tax litigation, and compliance services, helping you navigate through complex business matters. We provide income tax return filing Services & Gst Return Filing Services in Malleshwaram, Bangalore.

 

Important things you should know

Frequently Asked Question's

In case of loss that is, the total income that does not exceeds maximum amount, which indeed chargeable to income tax and mandating tax audit under sub section 44AB and 44AD is not satisfied hence the assessee need not required to get the accounts audited under section 44AB.

Tax Deducted at Source is a Indirect Tax collecting method as per income tax act, 1961, by Indian Government under Indian Revenue service through CBDT (The Central Board of Direct taxes). TDS is collected in order to keep the revenue source stable for the govt.

GST is form of Indirect Tax that means it is neither income nor expenses, it simply means that it is liability to collect Tax and Deposit to Government that is, the total value of all taxable supplies and exempt supplies including export of goods or services and inter-state supplies of goods or services. However, it does not include inward supplies on which tax is payable under Reverse charge.  

So, GST has nothing to do with turnover of Income Tax Audit.

Under section 44AB it is mentioned that If books of account of assessee are required to be audited under any other law then the assessee has to report audit in Form 3CA and Annexure of that report should reported in Form 3CD or In any other case the assessee has to report Audit in Form 3CB and annexure of that has to be audited in Form 3CD

It is considered as manadatory under the constitution to file a Tax Audit Report by 30th September of relevant assessement year, However if the assesse has liable for transfer pricing then he can at most file Tax Audit Report by 30th November of relevant assessement year

As per standard definition An Ex-gratia payment is made to an individual by an organization, government, or insurer for damages or claims, but it does not require the admittance of liability by the party making the payment. An Ex-gratia payment is a gesture of goodwill.

Any sort of additional compensation or severance pay for an employee from employer or for anyone it to matter is considered as Profits in lieu of salary’ under Section 17(3) of Income Tax Act. hence is taxable. 

however there is an exemption for this, only in certain condition that is  if compensation is received under Voluntary Retirement Scheme (VRS) framed in accordance with prescribed guidelines under the section 10(10C) grants exemption to that person if and only if The exemption is capped at Rs 5 lakh and is available to employees of an authority established under the Central or State Act.