Phone : 8586981071|Email id : info@nsc.ind.in
Income tax consultancy with effective tax strategies, form an integral part of our advisory. We provide income tax advice to companies as well as non-companies clients. We provide income tax advice in following areas:
Corporate Tax Matters
Foreign Company Taxation
Merger & Acquisition Taxation
Transfer Pricing
Individual & Non-Resident Indian Tax Matters.
Expatriate Taxations
LLP, Partnership taxation
Trust Taxation
Advice on all matters related to compliance of TDS/TCS provisions.
Obtaining Tax Deduction Account Number (TAN).
Periodic review of TDS/ Withholding Tax compliance.
Computation of monthly TDS.
Monthly reconciliation of TDS due and deposited.
Monthly deposit of TDS electronically/manually.
Issue of monthly/annual TDS certificates.
Filing of quarterly E-TDS/Manual Returns.
Filing of Correction Statements.
TDS assessment
Preparation and filing of Income-tax and Wealth-tax returns of resident and non-resident individuals, domestic and foreign companies, and other entities/clients.
Corporate and personal tax compliance including income-tax assessments, appeals, representation before Tax Authorities etc.
Provide advice in Tax Planning for Domestic and foreign clients.
Tax Planning for Trusts and non-profit making organization.
Filing of E- TDS Returns.
Specialised services for existing, returning as well as new NRI’s with substantial interest in business,
property, investments & bank accounts in India.
Transfer Pricing: Handling of Transfer Pricing (both Domestic as well as international transactions) issues and its related studies and reports preparation.
Representations before Dispute Resolution Panel (DRP) and Authority for Advance Rulings (AAR).
Investment and Organizational Structuring.
The mechanism of filing of revised returns for any correction of errors/ omissions has been done away with. The rectification of errors/omissions is allowed in the return for subsequent month(s). However, no rectification is allowed after furnishing of the return for the month of September following the end of the financial year to which such details pertain, or furnishing of the relevant annual return, whichever is earlier.
An interest of 18 percent is levied on the late payment of taxes under the GST regime. The interest would be levied for the days for which tax was not paid after the due date.
In case a taxpayer does not file his/her return within the due dates, he/she shall have to pay a late fee of Rs. 200/- i.e. Rs.100/- for CGST and Rs.100/- for SGST per day (up to a maximum of Rs. 5,000/-) from the due date to the date when the returns are actually filed.
Note: In case of GSTR-3B,
For the months July to September, 2017, the late fee payable for failure to furnish the return has been waived completely.
From the month of October 2017 onwards, the GST Council has recommended that the amount of late fee payable by a taxpayer whose tax liability for that month is ‘NIL’ is Rs. 20/- per day (Rs. 10/- per day each under CGST & SGST Acts). However, if the tax liability for that month is not ‘NIL’, the amount of late fee is Rs 50/- per day (Rs. 25/- per day each under CGST & SGST Acts)
GST procedures might be complicated to follow when day to day business activities is affecting and our resolution is retainership.
At NIDHI SHARMA AND COMPANY , we always try to erase the complexities arising out from newly implemented and frequently amended GST laws through our professional approach which will help the organisations to cope up with the current demands. Our extended services include structuring of business transactions with amending GST laws, ensuring timely filing of GST returns, comply with GST Audits, assistance in refunds claims, consultancy, and liaison with GST departments
Copyright 2022 © Nidhi Sharma & Company.