JKG Corporate Consultants LLP, helps you in filing your Income Tax Return timely and in a hassle free manner. Income tax is a Direct Tax which is imposed on the income of individuals, Hindu Undivided Families, firms including LLPs, or any other taxpayers. This tax is to be paid on the income received. The rate of taxes applicable is different for different categories of taxpayers. ITR Filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. The ITR Filing is governed by the Income Tax Act 1961.
We assure you our best services by minimizing your tax liability within the ambit of the law. In case you are looking for the same, you can reach us for the following services:
- Preparation of Income Tax Return
- Filing of Income Tax return.
- Consultancy in respect of taxation matters
- Processing, planning, and coordinating with department related to Income Tax Refunds and demands.
- Advising on Income Tax Planning
TDS or Tax Deducted at Source is a type of tax or we can say that it is a part of income tax which is collected from the very source of income. Under this, a person who is liable to make payment of specified nature to any other person shall deduct tax at source and remit the same into the account of the Central Government. Here the person who deduct the tax is known as “deductor” and the person from whose income the tax is deducted is known as “deductee”.
In other words, we can say that it a specific amount which is deducted when a certain payment like salary, commission, rent, interest, professional fees, etc. is made.
The basic motto of the government behind the introduction of TDS is that to collect the tax at the time income is earned not at the end of the Year. The burden of deduction and submission of the tax has been put on the person who has to make payment. In this, the recipient of the income receives the net amount after such deduction. The recipient will add the gross amount to his income and the amount of TDS is adjusted against his final tax liability. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26 AS or TDS certificate issued by the deductor.
For most payments rates of TDS are set in the income tax act and TDS is deducted by the payer basis of these specified rates.
We, JKG Corporate Consultants LLP, assist you in the following services:
- TAN Registration
- Assistance in computation of TDS
- Preparation and filing of TDS Return
- Follow up with the department regarding any demand or any other matter
- Advisory Services
- TDS Review
- All other compliances and related services
Whenever we think or want to analyze the financial health of an entity, then the first source of document that comes in our mind are the financial statements…….. Right? Basically, Financial Statements of an entity depicts its financial performance, its worthiness etc. So, one should be very precise and accurate while preparing these and the foremost part of these financial statements is the Balance Sheet. It basically depicts your total assets, liabilities, and net worth, this document offers a quick look into your financial health and can help inform lenders, investors, or other stakeholders about your business. Based on its results, it can also provide you key insights to make important financial decisions.
Therefore, the preparation of this very crucial and must be prepared with utmost care. We, JKG Corporate Consultants LLP, provide you our assistance in the preparation of annual financial statements considering the applicable accounting standards of the company’s accounting policies.
The term Statutory Audit refers to the process of verification of financial statements or records of the Company. It is mandated to ensure that the financial statements of the entities represent a true and fair view of its state of affairs and profitability. Companies Act, 2013 makes it compulsory for every company to get its accounts audited by a Chartered Accountant in practice.
In other words, a statutory audit gives a realistic view of the company’s mismanagement or fraud assessment to prevent malpractices and ensure an ethical and transparent system for conducting business.
We, JKG Corporate Consultants LLP, has a professionally managed team with the expertise in financial accounting and management who have been providing advice to a wide range of companies concerning complex accounting procedures in a quick, timely, and efficient manner.
Tax Audit refers to the verification or systematic review of the accounts of the taxpayer to ensure that the accounts are in accordance with the provisions of the Income Tax Act 1961. The Income Tax Act, 1961 has mandated the Tax Audit. This has been mandated with the main objective related to the problems of tax avoidance and tax evasion.
Income Tax Act 1961 has made tax audit compulsory on the annual gross turnover/receipts if the amount exceeds a specified limit. One must file the tax audit report on or before the due date of filing the return of income.
We, JKG Corporate Consultants LLP, provide you the services related to Tax Audit by adhering to the statutory provisions and standards.
Other services provided by us are as follows:
- Accounting assistance
- Bookkeeping Services
- Checking your balance sheet accounts.
- Preparation of Financial Reporting Statements
- Reviewing general ledger
- Account reconciliations
- Reviewing your revenue and expense classifications.
