Taxmanntri

What will cover:

1. Periodical Review of Books of Accounts prepared by Internal Team or Third Party Advisor.

2. Periodical Review of Tax Compliances done by Internal Team or Third Party Advisor like Income Tax, GST, TDS and Professional Tax with various major parameters.

3. Quarterly Report of major Non Compliances or Irregularity or Defects in respect of Maintenance of Books of Account and Tax Compliances like Income Tax, GST, TDS and Professional Tax for Suo-moto rectification by Tax Payer.

4. Quarterly Consultancy (At the time of Advance Tax Due Date) for checking of additional Legal Tax Saving opportunity through eligible Exemptions or Deductions prescribed under Income Tax Law if any by verification of transactions already made by the Tax Payer. Interpretation of corresponding Legal Provision along with Courts / Tribunal decisions will be explained if required.

5. Consultancy on Legal Tax Saving Opportunity / Planning (At the time of Advance Tax Due Date) for current and future year either through Investment or Expenditure options which are prescribed under the Income Tax Law.

6. Consultation for checking whether any probable GST Saving Opportunity is in existence according to GST Law and Courts Decisions for the transactions in which Tax Payer is currently engaged or propose to be engage.

7. SixMonthly Physical/Virtual Client Meeting.

8. Consultation on the Matters for which Notice was Issued by the Tax Department.

9. Probable Reply to the Notice issued by the Department by the Interpretation of Legal Provision along with Courts / Tribunal decisions in similar matters.

10. Suggestion on Cost Saving opportunity if we found during our Contractual Service

What will not cover:

1. Comments on any matters which is not related to Maintenance of Books of Account & Tax Compliances.

2. Detailed Transaction Level Review of Books of Accounts

3. Tax Return Filling

4. Tax Registration

5. Respond tothe Tax Notices

6. Representation in front of Tax & Government Authorities

7. Transactions, Tax Notices, Tax Compliances and Books of Account of Non Contractual Period.

8. Preparation of Standard Operating Practices (SOP) for maintenance of books of Account and Tax Compliances.

Ultimate benefits to the tax payer:

1. No need to change your existing Internal Team and Tax Advisor.

2. No need tochange your existing Internal Team and Tax Advisor.

3. Accuracy in Books of Accounts for correct Reporting to the Management, Tax Compliances and Auditor.

4. Proactive in Statutory Tax Compliances.

5. Avoid future Interest, Penalty, Fine etc. which would levy by the Tax Department for Non-compliances of applicable Law.

6. Permeant saving of Tax Cash Outflow for current and future years through legal tax planning. Hard earn money will remain in hand which might help to build strong Net worth.

7. Suggestion on Cost Saving will help to increase in Profit of the business and which might help to increase in Working Capital or Investment.

8. Customized and Personalised Solution from Accounts and Tax domain expert at cost effective rate.

9. Timely updates regarding changes in Taxation made by Government

10. How to deal with the Tax Notice and probable solution for closure of notice. Guidance in respect to legal remedies available with the Taxpayer for challenging the disputed matters of Notice at higher Authority / Tribunal / Court and their process

11. Guidance for setting up of Standard Operating Practices for maintenance of books of Account and Tax Compliances.