Income Tax Return Filing

Filing Income Tax on time helps in hassle-free loan and VISA processing, refund of TDS and more. If anybody fails to do so the government authority has full rights to impose penalty. It surely is a tedious task but you don’t have worry as there’s a  team of experts round the clock to file the ITR before due date so that you can reap maximum benefits. Your work will be done super fast and that too at affordable pricing.

TDS & TCS Return Filing

TDS & TCS are the two most significant incomes for the government which every business needs to pay in order to stay compliant. TDS is deducted when a certain payment like interest, rent, commission, salary etc. is made. The person who makes the payment deducts at source, the person who receives the payment is liable to pay. On the other hand, TCS or Tax Collected at source is imposed by the seller on goods such minerals, liquor, forest produce, cars, threshold being the same i.e. 50 Lacs.

Looks complex? Taxfacc is here to give you the ideal solutions and ease all the work for you.

Advance Tax Payment

Also called as “Pay as you earn” the advanced tax is payable by those who have extra income in parallel to their salary. For instance, capital gains from shares, interest earned on fixed deposits, and the like. It is paid in installments according to the due dates as stated by income tax department.

Internal Auditing

Evaluation of company’s financial statements is called Internal Auditing. It helps stakeholders determine how smooth the operations are, how are they adding value to the company and what steps to be taken to increase the profit. The report is then issued to the teams. Don’t have an audit team in-house? Fret not! Taxfacc is here to do a thorough auditing based on your company’s standard.

Tax Assessment and Scrutiny

Received a scrutiny notice from income tax department? Don’t panic. Many a times it’s a random checking. The Income tax return filed by the taxpayer is assessed through different tests and processes so that the genuineness of claims can be justified. You can of course, bank upon Taxfacc anything and everything Income Tax.

Form 15CA and 15CB

Making payment outside the country requires specific compliances, which all the companies have to follow. The main purpose is to collect the tax at the stage when remittance is being paid, as it is not possible after that. Form 15CB is required if the payment exceeds 5 lacs. There is no RBI intervention.