Income Tax:
Income tax is an annual tax on income. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income tax shall be charged for the corresponding assessment year at the rates laid down by the Finance Act for that assessment year. Section 14 of the Income tax Act further provides that for the purpose of charge of income tax and computation of total income all income shall be classified under the following heads of income:
The total income from all the above heads of income is calculated in accordance with the provisions of the Act as they stand on the first day of April of any assessment year.
Our Role:
If saving taxes is a cause for concern, filing tax returns is an equally worrying thing for most taxpayers. Thanks to the complex system of tax filing, with its various forms and exclusions that invariably change every financial year, taxpayers are left in the lurch! We help our clients in preparing and filing Income tax returns, be it an individual, HUF, Partnership Firm Trust, Association of Person or Company.
Sales Tax:
Sales Tax is a tax, levied on the sale or purchase of goods. There are two kinds of Sales Tax i.e. Central Sales Tax, imposed by the Centre and Sales Tax, imposed by each state also known as VAT.
Our Role:
We are one of the leading Sales Tax consultants in India, and are engaged in helping our client get sales tax registration, calculate and pay accurate sales tax and also file proper sales tax returns.
Service Tax:
Service Tax is a tax which is payable on services provided by a service provider. Just like Excise duty is payable on goods which are manufactured, similarly Service Tax is payable on Services provided. This tax is paid by the provider of Service to the Government of India. However, the Service Provider can collect this Tax from the Consumer of Service (also referred to as Recipient of Service) and deposit the same with the Government.
Our Role:
We are one of the leading Service Tax consultants in India, and are engaged in helping our client get service tax registration, calculate and pay accurate service tax and also file proper service tax returns.
Profession Tax:
In India, the professional tax is imposed at the state level. However, not all the states impose this tax, the following states impose this levy in India – Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamilnadu, Gujarat, and Madhya Pradesh. Business owners, working individuals, merchants and people carrying out various occupations comes under the purview of this tax.
Our Role:
We are one of the leading Profession Tax consultants in India, and are engaged in helping our client get profession tax registration, calculate and pay accurate profession tax and also file proper profession tax returns.
Wealth Tax:
Wealth tax is charged for every assessment year in respect of net wealth of the corresponding valuation date of every individual, HUF and company, at the rate of 1% on the amount by which the net wealth exceeds Rs. 30,00,000/- (from A Y 2010-11).
Our Role:
We as Wealth Tax Consultants, help you file proper wealth tax return and make proper wealth tax payment as required by law.