We help you in It Returns filing online for your business with reliable consultation and recommendation to save taxes, boost your tax compliance level.
Income Tax Consultation services
Income tax is complex act requires expertise and experience to apply all relevant exemptions rules and to comply with procedures. Proper Income tax planning and advisory services make business entities in the peace of mind and enable them to utilize credit facilities to full extent.
We provide you with following income tax services.
Pan card application
If you need to apply for pan card it is simple to file the application form with pan card agents, but however, it is recommended to make sure that you already don’t have pan number allotted. Possessing more than one pan is prohibited.
Capital gains tax planning
generally, capital gains tax planning is required for sale of immovable asset eg: for determining income tax on the sale of house or land, for saving calculated tax amount by investing in proper mode and in the right type of asset.
Income Tax return Filing services
Individual who is crossing Exemption limit should file their income tax returns on due dates applicable, and other persons should file their income tax every year irrespective of their amount of income.
TDS return filing services
TDS return filing is one of the complicated tasks in income tax compliance and these returns should be filed every quarter by the person who is required to deduct TDS. Proper TDS compliance helps you to get rid of penalty and avoid interest on late payment, late deduction.
Income Tax compliance
Income tax compliance involves timely compliance of filing all return on time, determining correct income tax liability, complying with all provisions of TDS, Making specified transaction in a specified mode like cash transaction beyond a certain limit, application of proper depreciation rates and calculating the proper loss of profit on the sale of the asset.
Usually, a Salaried person will file income tax returns through their company or go for automated income tax return filing. We at Parasuram Associates.in ensure all income tax returns will pass through experts review and approval irrespective of salary income tax returns or business income tax returns.
Income Tax Slab Rates for Financial Year 2017-2018.
Rs 0 to Rs. 2,50,000 – No Tax.
Rs. 2,50,001 to Rs. 5,00,000 – 5 %.
Rs. 5,00,001 – 10,00,000 – 20 %.
Income more than Rs. 10,00,000 – 30%
Surcharge of 10 percent where the total income exceeds Rs. 50 Lakhs and does not below Rs. 1 Crore. If the total income exceeds Rs. 1 crore surcharge will be calculated at 15 %.
The surcharge will be calculated on the amount of Income Tax calculated.
Due dates under Income Tax Act.
31 St July for Individual whose accounts are not required to be audited.
30th September of every year for all persons whose accounts are required to audit.
Only Information which can be understood by normal reading is given, information which requires experts view is intentionally avoided to reduce confusions for the reader.