INCOME TAX

PAN CARD

PAN means Permanent Account Number. It is a ten digit alphanumeric unique number, issued by an Assessing Officer of the Income Tax Department. It is mandatory to quote PAN on return of income, all correspondence with any income tax authority for any payments due to Income Tax Department. If you want to submit Income tax returns you must quote a PAN. PAN number has to be produced if the deposit amount is Rs.50,000 or over in a Bank. It is also useful for your personal photo ID proof. If you want to apply for PAN Card, you have to enclose your Id proof and Address proof with application.

TAN SERVICES

We provide TAN Registration consulting services in Hyderabad. TAN means Tax Deduction and Collection Account Number. It contains a 10 digit alpha numeric number allotted by the Income Tax Department (ITD) on all TDS returns. TAN is required to be obtained by all persons who are responsible for deducting or collecting tax under Section 203A of the Income Tax Act. It is compulsory to quote TAN in TDS (Tax Deducted at Source)/TCS (Tax Collection at Source) return (including any e-TDS/TCS return), any TDS/TCS payment challan and TDS/TCS certificates. TAN should be quoted on all TDS challans, returns, certificates and quarterly statements.

TAN SERVICES- E TDS

We provide ETDS filing related services. Tax deducted at source is one of the modes of collecting Income-tax from the assesses in India. Such collection of tax is effected at the source when income arises or accrues. Hence where any specified type of income arises or accrues to any one, the Income-tax Act enjoins on the payer of such income to deduct a stipulated percentage of such income by way of Income-tax and pay only the balance amount to the recipient of such income. The tax so deducted at source by the payer, has to be deposited in the Government treasury to the credit of Central Govt. within the specified time. The tax so deducted from the income of the recipient is deemed to be payment of Income-tax by the recipient at the time of his assessment. Income from several sources is subjected to tax deduction at source.

Presently this concept of T.D.S. is also used as an instrument in enlarging the tax base. Some of such incomes subjected to T.D.S. are salary, interest, dividend, interest on securities, winnings from lottery, horse races, commission and brokerage, rent, fees for professional and technical services, payments to non-residents etc. It is always considered as an Advance tax which is paid to the government when we are being paid for provision made by us in the form of products or services.

SERVICE TAX REGISTRATION

We are Service tax consultants providing Service tax registration certificate services in India. We provide service tax return preparation services. Service Tax was introduced in India on July 1994 by Chapter V of the Finance Act, 1994. Service Tax is an indirect tax and it can be recovered from the service receiver by the service provider.

The responsibility of collecting the tax lies with the Central Board of Excise and Customs (CBEC). The office of Director General (Service Tax) has been formed in the year 1997 to monitor the collection and assessment of service tax. Every year more and more services have been brought under the net of Service Tax.

COMPANY REGISTRTION, PARTNERSHIP FIRM REGISTRATION SERVICES

We provide company registration services, partnership firm registration, Good and services, Tax registration in India. We are company registration consultant’s helps to form the company in India that can provide a quick, efficient business registration at an affordable price. At least two members are required to start a partnership firm or business. In the partnership business the number of members should not exceed 20. If your business is “banking business” partner members should not exceed 10 as per rules of Govt. of India.

INCOME TAX RETURN, FILING SERVICES

We are income tax consultants – offering filing income tax return services, tax return filing preparation and all kind of tax returns consultant services in India. We provide tax consulting services such as income tax return, tax filing preparation, income tax advisory services, income tax salary returns, business returns and other tax filing accounting services.

The Indian Income Tax department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance.

The government of India imposes an income tax on taxable income of individuals, Hindu Undivided Families (HUFs), companies, firms, co-operative societies and trusts (Identified as body of Individuals and Association of Persons) and any other artificial person. Levy of tax is separate on each of the persons. The levy is governed by the Indian Income Tax Act, 1961.

Income tax is a tax payable, at the rate enacted by the Union Budget (Finance Act) for every Assessment Year, on the Total Income earned in the Previous Year by every Person. The chargeability is based on the nature of income, i.e., whether it is revenue or capital. The principle of taxation of income is: –

  • All revenue incomes are chargeable to tax unless it is specifically exempt (declared as not taxable).
  • All capital profits are not chargeable to tax unless specifically made chargeable.

Please Contact for further Income Tax Return services. Call Us on 9394583086 

GST

GST is the biggest tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services or both are required to register for GST. Entities without GST registration would not be allowed to collect GST from a customer or claim input tax credit of GST paid or could be penalized. Further, registration under GST is mandatory once an entity crosses the minimum threshold turnover of starts a new business that is expected to cross the prescribed turnover.

FIRM / COMPANY REGISTRATION

S D TAX is the leading business services platform in India, offering a variety of services like income tax filing, GST return filing, private limited company registration, trademark filing and more. We can help you obtain GST registration in India and maintain GST compliance through a proprietary GST accounting software. The average time taken to obtain GST Certificate is about 5 – 10 working days, subject to government processing time and client document submission. 

FILING RETURNS

A return is a document containing details of business which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability.

Under GST, a registered dealer has to file GST returns that include:

  • Purchases
  • Sales
  • Output GST (On sales)
  • Input tax credit (GST paid on purchases)

any regular business has to file two monthly returns and one annual return. This amounts to 26 returns in a year.

Here is a list of all the returns to be filed as prescribed under the GST Law along with the due dates.

As per the CGST Act subject to changes by CBIC Notifications

Return Form Particulars Frequency Due Date
GSTR 1  Details of outward supplies of taxable goods and/or services affected Monthly 11th* of the next month with effect from October 2018 *Previously, the due date was 10th
GSTR 2  Suspended Details of inward supplies of taxable goods and/or services affected claiming the input tax credit. Monthly 15th of the next month  
GSTR 3 Suspended Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of tax. Monthly 20th of the next month  
GSTR-3B  Simple Return in which summary of outward supplies along with Input Tax Credit is declared  and payment of tax is affected by taxpayer Monthly 20th of the next month
GSTR-4   Return for a taxpayer registered under the composition levy Quarterly 18th of the month succeeding quarter
GSTR-5  Return for a Non-Resident foreign taxable person Monthly 20th of the next month
GSTR-6  Return for an Input Service Distributor Monthly 13th of the next month
GSTR-7  Return for authorities deducting tax at source. Monthly 10th of the next month
GSTR-8  Details of supplies effected through e-commerce operator and the amount of tax collected Monthly 10th of the next month
GSTR-9  Annual Return for a Normal Taxpayer Annually 31st December of next financial year*
GSTR-9A  Annual Return a taxpayer registered under the composition levy anytime during the year Annually 31st December of next financial year*
GSTR-10  Final Return Once, when GST Registration is cancelled or surrendered Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11  Details of inward supplies to be furnished by a person having UIN and claiming a refund Monthly 28th of the month following the month for which statement is filed

REGISTRATION

COMPANY REGISTRATION, PARTNERSHIP FIRM REGISTRATION SERVICES

We provide company registration services, partnership firm registration, Good and services, Tax registration in India. We are company registration consultant’s helps to form the company in India that can provide a quick, efficient business registration at an affordable price. At least two members are required to start a partnership firm or business. In the partnership business the number of members should not exceed 20. If your business is “banking business” partner members should not exceed 10 as per rules of Govt. of India.

ACCOUNTING / BOOK KEEPING

As we are living in an era of GST, preparing and maintaining accounting records on a real-time basis is a must for businesses. Professional outsourced accounting services not only help you to cope with the day to day accounting of business but also prepare you for the future by providing you a meaningful and relevant analysis of your business growth and enable you to compare your business with your peer group and the industry.

 Recording of transactions and preparing book of accounts

  • Preparation of Balance Sheet and Profit and Loss Account
  • Account Receivable and Account Payable
  • Bank Reconciliation
  • Financial Analysis and Projections
  • Ratio analysis
  • Preparation and Filling of Monthly/ Quarterly GST returns
  • Preparation and filling of monthly TDS challan and Quarterly TDS Returns
  • Preparation of Quarterly and Yearly Financials

FINANCIAL ADVICES / SAVING PLANS

Consultation and Compliances