Income Tax
PAN (Permanent Account Number) Registration Services
we provide complete assistance to clients in getting their Permanent Account Number or PAN card, which is mandatory instrument issued by the Government of India to negotiate any economic or financial transaction with Government, financial and banking institutions. As for example, PAN number is must for all those who file their income tax returns with any income tax authority in India. We also cover matters like PAN for minors and NRIs.
Income Tax Consultation and Filing of Return
According to Income Tax Act 1961 as amended till date, income tax is a tax paid on income of a 'person' whose total income exceeds a maximum specified limit. The chargeable rate is prescribed in the Finance Act. Filing of Income Tax Returns (ITR) is a legal obligation of every person whose total income has exceeded the maximum not chargeable amount for income. There are different ITR to file income returns, depending on status like Individual, Firm, Company and nature of Income salary, profession, business, property income, etc.
We provide consultation for filing income return for individuals, firms, companies etc. We as income tax consultants also offer specified advice on taxation, tax audit, and assessment of income, etc., for our clients. We also assist the clients in following up with the Rectification of various orders, Tax Refunds due to them from the authorities. We also represent the clients in appeals.
There are several provisions to make income tax return obligatory for a person. Some of these provisions include ownership of immovable property, motor vehicle, telephone, credit card, club membership, etc.
We provide consultation helping the client make sound investment decisions and help him avail various rebates and deductions provided by the government. There are provisions for tax rebates by the government. Some of the common tax-saving instruments are General Provident Fund (GPF), National Saving Certificate (NSC), Public Provident Fund (PPF), Life Insurance Premium, Employee's Provident Fund Scheme, etc.