Not many are aware of the importance of income tax filing and why it is mandatory. The legislature insists that assessee who earns beyond a particular turn out of annual income must file a tax return within a designated date. Our government makes it mandatory to pay penalty if an individual fails to file on or before the date. If an individual earns less than the specified amount then the returns may also be filed. Though it is not mandatory. This era is shaping a cashless mode of payment as we see. The cards we use are also equally critical for filing the tax returns. The company would always want to get the picture of the tax filing if you are planning for a loan (home loan, car loan, etc.). We make this income tax filing process much simpler and convenient. Income Tax refunds are a return of extra numbers of income tax that an individual has paid to the government during the preceding year. According to Section 44AB of the Income Tax Act, any person managing the business with a turnover of Rs. 1 crore must get your files audited by a chartered accountant. Also, business exceeding 2 crores in the preceding years of 3 years must get the book done with audit commensurated with section 44AB.
The main advantage of owning a Private Limited Company is that the Liability of the shareholder limited to share held in the company.Read More
The Private Limited Company would not suffer due to shareholder dies or leaves the business as its artificial juridical person.Read More
The share of private limited company cannot sell to outside buyers. Shareholder must agree to sell or transfer of shares.Read More
A Private Limited Company easily funded by Banks to their Business. Manage your time so you’ll get more done in less time.Read More