Accounting & Management Services in Bangalore
Kaimar Groups can help you file your taxes quickly and easily. With years of experience as Income Tax Consultants, We provide comprehensive income tax consultations. Contact Kaimar Groups now for Income tax consultation services.
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Get Expert advice on notice & scrutiny from the Tax Department.
File tax returns accurately with the support of our expert team
Determine How New Tax Legislation Affects Your Business & Investments.
What do you do when you want to start a new business or grow an existing one but don’t know how to handle the complex process of accounting?
We know how overwhelming it can be to get through a taxation process by yourself, especially when it comes to something as complex as India’s complicated Income Tax Laws. During tax season, everyone starts to stress over paying more taxes than they’re obligated to. Accounting can be an incredibly daunting task, especially when you’re doing something for the first time.
But wouldn’t it be nice if you could do your taxes with ease?
There are so many different Income Tax services providers out there, it’s hard to know which one to pick. With tons of options, each service seems the same. Imagine finding the perfect match for your tax return filing services. A service that is willing to work closely with you on understanding all of your needs and is ready and willing for when you need them most.
Tax advisory service helps you to analyze financial and tax problems, formulate solutions, and make 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 accountant, lawyer, or financial advisor, or may work as a team consisting of two or more types of professionals.
Kaimar Groups is a one-stop destination for your income tax consultation.
With years of experience, we have helped numerous individuals with tax consultation, and so can you. Kaimar Groups will provide you with extensive knowledge about taxation laws in India and even take care of the whole process for you. Hence, you know where your money is going and what you can do to minimize your tax burden. We will ensure that your Tax return is filed on time.
We know how overwhelming it can be to get through a taxation process by yourself, especially when it comes to something as complex as India’s complicated Income Tax Laws.
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.
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.