A company is required to make quarterly advance tax payments on the profits which they earn during the year. We prepare/analyse the income and expense projections every quarter and consider the tax adjustments to minimise/nullify interest cost to the company by making adequate advance tax payments. We also ensure that excessive funds are not blocked in advance payments when not required.
Hassle free Income Tax Return Filing
Our services under direct taxes for companies include:
Non deduction of TDS from specified payments makes the company ineligible for claiming the full amount of expense for tax purpose. In other words portion of expense is added back to the profits. There are interest implication on late deduction and late payments also. The team at Greenvissage conducts TDS reviews for clients on regular basis and ensures that the payments where TDS is applicable are identified and tracked for compliance at an early stage. Service of quarterly filing of TDS returns is provided.
These certifications are required for payments against services taken from a non resident. The certification is mainly for the tax rate which should be made applicable on the transaction. There are certain incomes of a non resident company where tax is applicable even if there is no business connection/permanent establishment in India. Banks cannot release payments unless the certifications are available. We advice on the taxability of the transaction, withholding rate which needs to be applied, co-ordinating and liaison with the Bank for documents/explanations required regarding the transaction.
Every company is required to file an income tax return every year declaring the profits made and the taxes paid. Under the guidance of professionals, you will receive the quality services on the entire IT filing process including Tax Return form submission, the guidance of tax structuring taxation and transaction advisory and all others.
This is a methodical examination of books of account from tax perspective mandatory for businesses having total gross receipts exceeding Rs 1 crore. The report of tax audit is to be filed before the due date prescribed for this. Penalty is applicable if the report is not filed on time.
The transactions with associated enterprises are studied and the pricing is evaluated for the value of the products transferred against the comparable prices of non associated enterprises. A transfer pricing audit is mandatory for a company if there are a, international transactions with associated enterprises. There is no threshold limit for this. A report of the audit is required to be filed and there are significant penalties for non reporting of any transaction, incorrect reporting and non filing of report or late filing.
In India, there is computer aided scrutiny selection. If the company meets any of the set criteria’s, its accounts are scrutinised by the tax department and the returned profits/losses are verified. Today, online assessments have been introduced by the government where written submissions are made as against the manual assessments where visits and oral interaction with the tax officials was possible.
We help companies with respect to repatriation strategies. Selecting the appropriate strategy from amongst dividend payouts, capital reduction, payment for services, royalty payments, share buyback is crucial. Each of them has tax implications to be taken care of. We guide the company through the entire process of repatriation.
There are various other certifications and forms to be filed under the Indian Income Tax Act like a Form 61A required to be filed if any specified significant financial transaction has been entered into, 80JJAA certification is required if the new employment generation deduction is to be claimed on the return of income, 29B is required to be filed for Minimum Alternate Tax requirements, Form 67 is required to be filed for claiming foreign tax credit relief etc.
Why Greenvissage for Income Tax Return Filing Services?
- Professional Guidance: With highly experienced professionals expertise for over years in IT returns filing, you can get the complete guidance and solution for your income tax return filing process.
- Document Management: We manage all your IT documents in one place which can be retrieved easily when needed.
- Accurate Tax Filing: With Greenvissage, you can always be sure that all your income tax return filing is accurate.
- Your data is always safe and secure: We understand the value of your data and deliver the highest standards in keeping your data safe and secure.
- Data Privacy and Confidentiality: As the leading Tax Filing Pune Company, we strictly adhere to legal guidelines of data privacy and will make sure that your data are 100% Confidential.
- No Hidden Fees: Tax compliance needs will differ from each other. Just pay for your ideal needs and not for anything that you don’t require.
- One Stop Solution: offering 100+ services for all type of your needs, Greenvissage is your one-stop solution for all of your IT and other needs that you are looking for.
If you have queries regarding Expat Taxation, transfer pricing and other international laws, you can talk to our advisors.
Our clients have the advantage of being updated with the recent relevant tax judgements, circulars, notifications issued by the Government through our e-mails, newsletters and blogs. Companies can focus on their business and not worry about the compliances required under Direct Taxes. Our Team is excellent in fulfilling the companies obligations with minimum inputs required from the company. The team ensures that all compliances are met well before the timelines.
As a professional tax return services provider, you can rely on us for all type of your IT needs to get a unique and complete solution.
Hassle-Free Tax Preparation Services We Offer
Serving scores of taxpayers since a decade, Greenvissage offers you a hassle-free tax preparation services to make your life and business easier.
Key Advantages of preparing for the tax return with us
With experienced professionals in both individual tax preparation and business tax preparation services, you can enjoy all the benefits of preparing your tax return with us. With the latest technology, updated softwares and workflow processes, we enhance the efficiency of your tax processing.
Smart and Effective Tax Preparation Process
With a decade of extensive experience, our knowledge of income tax preparation comes with the quality commitment which offers you the smart and effective tax preparation services. This commitment tends us to provide the best possible benefits to our clients in each and every aspect.
Tax filing in Pune with Greenvissage
If you are looking for a trusted partner for tax filing in Pune, then you are at the right place. Greenvissage helps you to minimize the operational costs and maximize efficiency and profits with a reliable tax filing process.
Details of Tax return form and related documents
Having doubts in preparing tax return form and related documents? Our experts will always be available to help you with all the queries regarding tax return and related services.
FAQs – Tax return services
- What are the necessary documents to be attached for IT returns filing?
For each type of return, the documents mostly required are TDS balance sheet, Bank account No, PAN details, Profit & Loss account.
- What are the benefits of filing IT return?
Filing of return will definitely make you contribute to the development of the nation. In addition to that, your IT return will offer you the benefits of accessing many financial benefits like bank credits and others.
- Does Greenvissage offer GST registration services for business?
Yes, with experienced professionals to guide, we offer GST registration services for all type of your business.
- Can I file an income tax return for multiple years?
You can file a maximum of 2 prior years of returns.
- Is there any advance payment to be made for tax return services?
According to your requirements, the advance payment is subjected to the professionals you choose. You can always consult with our senior professionals at any time to understand in better about the payment details.
- What will happen if I do not pay my returns within the due date?
If you have not paid your return within the due date, you are supposed to pay the penalty of Rs. 5000 along with the interest on tax due.
- How do I get the excess paid tax refunded?
Once you have files the income tax return, the excess amount will be transferred directly to your bank account or by cheque once the refund gets processed.