Timely and accurate filing of income tax returns, GST returns, and other tax-related forms.
Guidance on cross-border transactions, transfer pricing, and compliance with global tax regulations.
Assistance with tax registration, incentives, and compliance for new businesses in India.
Advising on corporate tax planning, compliance, and optimization strategies.
Income tax is a direct tax levied on individuals and entities based on their earnings or profits. Key aspects include :
Residential Status : Determining tax liability based on whether an individual qualifies as a resident or non-resident for taxation purposes.
Tax Slabs : Applicable tax rates based on income brackets, with deductions and exemptions available to reduce taxable income.
Filing Requirements : Obligations for individuals, businesses, and entities to file income tax returns annually within specified deadlines.
Compliance and Advisory : Ensuring adherence to income tax laws, claiming deductions, and optimizing tax planning strategies.
GST is an indirect tax levied on the supply of goods and services across India. Key aspects include :
GST Registration: Mandatory registration for businesses with turnover above prescribed thresholds, facilitating seamless input tax credit.
GST Rates: Various GST rates (0%, 5%, 12%, 18%, and 28%) applied to different goods and services, ensuring uniformity in tax structure.
Input Tax Credit: Mechanism allowing businesses to claim credit for GST paid on inputs, reducing the overall tax burden.
Filing GST Returns: Regular filing of GST returns (monthly, quarterly, or annually) to report sales, purchases, and tax liabilities accurately.
By navigating the complexities of income tax and GST, we help businesses comply with regulations and optimize their tax strategies to achieve financial efficiency and growth.
