TAX & COMPLIANCES
Accounting & Bookkeeping
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.
GST return is a document that will contain all the details of your sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax). Once you file GST returns, you will need to pay the resulting tax liability (money that you owe the government)
Income Tax Return's
Income Tax Return is the form in which assesses files information about his Income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 . When you file a belated return, you are not allowed to carry forward certain losses.
TDS return can be filed by employers or organizations who avail a valid Tax Collection and Deduction Account Number (TAN). Any person making specified payments mentioned under the I- T Act are required to deduct tax at source and needs to deposit within the stipulated time for the following payments : Payment of Salary.
ROC stands for Registrar of Companies which is an office under the Indian Ministry of corporate affairs that deal with the administration of the Companies Act, 2013 It is important to comply with all compliance applicable to your company to avoid penalties and fines
Company Annual Compliance
Legal responsibilities which has to be fulfilled after incorporation of company are annual compliance. Compliance means ‘action to complying with law’ and annual means ‘a year’. Annual Compliance means covering all the legal requirements for whole the year to avoid legal penalties.
LLP Annual Compliance
A Limited Liability Partnership enjoys a separate status. Thus, an organization needs to maintain its active status by regularly filing with the Ministry of Corporate Affairs (MCA). Annual compliance filing is mandatory for any LLP, whether having a business or not.
Section 8 Company Annual Compliance
A Section 8 company is a form of NGO that is formed to promote research, religion, social welfare, etc. Under Companies Act, 2013 all Section 8 companies in India are required to comply with the statutory requirements of the Ministry of Corporate Affairs (MCA).
ESI & PF Return's
ESI return must be filed monthly by all persons and entities having a ESI registration. PF return must be filed monthly by all persons and entities having a PF registration