Back-Office-Support
Back Office Support Services ( Accounts Department ) : Are you a small or medium enterprise who want to focus on your core business activity without focusing on the maintenance of books and accounts, but want them to be updated with each and every transaction ? Do you want to get required financial information directly on your cell phone ? And, all of them without having a different department for accounts ?
Goods and Service Tax
Goods and Service Tax, the tax which is levied on the supply of goods and services. It is a destination based tax. GST has always been a perplexity for a common businessmen to understand and comply with. This tax is governed by two acts, i.e, IGST Act ( Integrated Goods and Service Tax Act ) and CGST Act ( Central Goods and Service Act ).This Act is compulsorily levied on applicable businesses, while some get themselves registered to gain all privileges provided by government.
Income Tax Audit
The Income Tax Audit is an examination of an individual’s or business entity’s tax returns by any outside agency to verify that all information relevant to Incomes, Expenditures and Deductions are filed correctly. It is done by a Chartered Accountant. The compulsory audit is required if total sales turnover increases more than Rs. 1 crore while in case of profession the total gross receipts increases more than Rs. 50 Lakhs. Tax Audit provides the information about the truthfulness of incomes.
Income Tax
The tax imposed directly on the income of individuals and entities and vary on the level of income is termed as Income Tax. It is governed by CBDT (Central Board of Direct Taxes ) under The Income Tax Act, 1961 and Finance Act (announced every financial year ). The payment of Income Tax is your responsibility towards the country. The payment of income tax ensures your creditworthiness in market too. In this unstable political environment, where compliances changes every year it would be getting very difficult.