Direct Tax

Income Tax

Income Tax is a basic tax which is charged on income of every assessee. Every year in budget, tax slab, deduction limit and other provisions get changed. Government keeps on updating IT provisions in between the budgets as well. It becomes very difficult for people to cope up with the changes and it leads to mistake in compliance of provision. We timely update our client on all legal provision and help them in better tax planning. We Provide services like Filing of Income tax returns, TDS Returns, Consultancy on Income Tax Matters, Tax Refunds, Tax Planning & Savings, Maintenance of Income Tax Records, Liasoning with Income Tax Authorities, TDS and TCS shot deduction or non deduction .

Advance tax

Advance tax is applicable to every assessee having Income tax payable of Rs. 10,000 or more in a financial year. We provide service of advance tax calculation for avoiding interest and penalties.

MAT Calculation

MAT is another tax calculation on book profit and compare with tax profit after considering some provision mentioned in Income tax Act 1961 and final tax payable will be decided after it. We provide accurate calculation and tax planning for our client’s benefits .

Income Tax notice and correspondence to authorities :- Income tax sends assessment notice on regular basis to assessee. There has been huge paper work conducted during conversation with regulatory authorities. In case of any mistake in paper work or in reply to authority, heavy penalty may be levied. This process need good understanding and experience of replying to authorities. We have an experienced and knowledgeable team for conducting the complete process. .

DTAA

Double taxation is the levy of tax by two or more countries on the same income, asset or financial transaction.This double liability is mitigated in many ways, one of them being a tax treaty between the countries in question. Being a hub for international investment and also forming a large number of emigrants, India has understood the importance of DTAAs and has actively pursued this matter.This means that there are agreed rates of tax and jurisdiction on specified types of income arising in a country. When a tax-payer resides in one country and earns income in another country, he is covered under DTAA, if those two countries have one in place. .