Income Tax Return Filing in Gurgaon

INCOME                       The word "Income," in its broad sense, is the gain derived from capital, labor, or a combination of the two. It is distinguishable from thecapital itself. Ordinarily, for income tax purposes, the word "income" is not used alone. Income tax consultants in Gurgaon,  MSME Registration Consultants in Gurgaon, Rather it is used within such descriptive terms asgross income, taxable income, and adjusted gross income, all of which are defind elsewhere in this glossary.

Net income range (Individual resident (Age below 60 Yrs.) or any NRI / HUF / AOP / BOI / AJP)	Net income range (For resident senior citizen1)	Net income range (For super senior citizen2)	Net income range (For any other personexcluding companies and co-operative societies)	Income Tax rates3
Up to ₹250,000	Up to ₹300,000	Up to ₹500,000	Up to ₹200,000	NIL
₹250,001–500,000	₹300,001–500,000	-	₹200,001–500,000	10%
₹500,001–1,000,000	₹500,001–1,000,000	₹500,001–1,000,000	₹500,001–1,000,000	20%
Above ₹1,000,000	Above ₹1,000,000	Above ₹1,000,000	Above ₹1,000,000	30%

INCOME TAX

Income tax is an annual tax on income. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income tax shall be charged for the corresponding assessment year at the rates laid down by the Finance Act for that assessment year. Section 14 of the Income tax Act further provides that for the purpose of charge of income tax and computation of total income all income shall be classified under the following heads of income:

A. Salaries 

B. Income from house property 

C. Profits and gains of business or profession. 

D. Capital gains 

E. Income from other sources.

The total income from all the above heads of income is calculated in accordance with the provisions of the Act as they stand on the first day of April of any assessment year. In this booklet an attempt is being made to discuss the various provisions relevant to the salaried class of taxpayers as well as pensioners and senior citizens.

The form to be filed with a taxing authority by a taxpayer which details his/her/their income, expenses, exemptions, deductions and calculation of taxes which are chargeable to the taxpayer. As an Individual/Firm/AOA/HUF you are required by law to file your Income Tax Returns, if your total income without allowing deductions (such as Section 80C etc.) exceeds the basic exemption limit.  Audit and Taxation Consultants in Gurgaon, Tax Consultants in Gurgaon. ARS Business Consulting is a firm which files Income Tax Return on client’s behalf. We also provide tax return facility services to our clients. So if you are searching a person who can help you for filling return and who can help you in tax deduction and solve any query related with Income/Tax/Returns you can joint us.  We will help you to solve all obstacle related with income tax return.

Kind regards,

ARS Business team,

09891800670, 01244225457

Sector 14, Gurgaon

For more info visit at

http://www.arsbusiness.in

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Service Tax Consultants in Gurgaon

Service Tax Consultants

Q:-What is Tax? How many

types of tax?

The Tax revenue is the most important source of public revenue. A tax is a compulsory payment levied by the government on individuals or companies to meet the expenditure which is required for public welfare.This tax is not applicable in the state of Jammu & Kashmir.Taxes come in many avatars – income tax, sales tax, corporate tax, service tax and so on. There are so many types of taxes that an average Indian pays that often you pay a tax without even knowing that you’re paying it!

Direct and Indirect Taxes

The most fundamental classification of taxes is based on who collects the taxes from the tax payer.

Direct Taxes, as the name suggests, are taxes that are directly paid to the government by the taxpayer.                It is a tax applied on individuals and organizations directly by the government e.g. income tax, corporation tax, wealth tax etc.

Indirect Taxes are applied on the manufacture or sale of goods and services. These are initially paid to the government by an intermediary, who then adds the amount of the tax paid to the value of the goods / services and passes on the total amount to the end user.

Examples of these are sales tax, service tax, excise duty etc.

Five things to know about direct taxes

Important Direct and Indirect Taxes

Direct Taxes

1. Income Tax

Income Tax is paid by an individual based on his/her taxable income in a given financial year. Under the Income Tax Act, the term ‘individual’ also includes Hindu Undivided Families (HUFs), Co-operative Societies, Trusts and any artificial judicial person. Taxable income refers to total income minus applicable deductions and exemptions.

Tax is payable if the taxable is above the minimum taxable limit and is paid as per the differing rates announced for each tax slab for the financial year.

2. Corporation Tax

Corporation Tax is paid by Companies and Businesses operating in India on the income earned worldwide in a given financial year. The rates of taxation vary based on whether the company is incorporated in India or abroad.

3. Wealth Tax

Wealth tax is applicable on individuals, HUFs or companies on the value of their assets in a given financial year on the date of valuation. It is taxed at the rate of 1% of the net wealth of any assesse exceeding Rs 30, 00,000.

‘Net wealth’ here includes, unproductive assets like cash in hand above Rs 50,000, second residential property not rented out, cars, gold jeweler or bullion, boats, yachts, aircrafts or urban land. It does not include productive assets like commercial property, stocks, bonds, fixed deposits, mutual funds etc.

4. Capital Gains Tax

The profits made on sale of property are taxable under Capital Gains Tax. Property here includes stocks, bonds, residential property, precious metals etc. It is taxed at two different rates based on how long the property was owned by the taxpayer – Short Term Capital Gains Tax and Long Term Capital Gains Tax. This deciding period of ownership varies greatly for different classes of property.

 Indirect Taxes

1. Sales Tax

Sales Tax is charged on the sale of movable goods. It is collected by the Central Government in case of inter-state sales (Central Sales Tax or CST) and by the State Government for intra-state sales (Value Added Tax or VAT). The rates of taxation vary depending on the product type.

 2. Service Tax

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994.It is charged to the individual service providers on cash basis, and to companies on accrual basis. This tax is payable only when the value of services provided in a financial year is more than Rs 10 lakh.           

 3. Excise Duty

Excise duty is applicable on the manufacture of goods sold in India. Once goods are manufactured, it is originally paid by the manufacturer directly to the Central Government. When the goods change hands from the manufacturer to the buyer, this tax is bundled by the manufacturer along with the cost of goods and passed on to the buyer.

For the reason of audit that the company owner will be fulfilled about the business operations and working of its various departments. ARS Business Consulting is working in Auditing Services, tax consultants in Gurgaon, service tax consultants in Gurgaon from 6 years. For auditing related query dial us our numbers at 098981800670 and 01244225457.

Kind regards,

ARS Business Consulting team,

Gurgaon, HR – India

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Service Tax, Income tax return, ITR Filing Consultants in Gurgaon

Dear Tax Payers,

Did you file your ITR?

Do you know how to fill ITR file?

Do you have service tax registration?

If your answer is no then you may consult at ARS Business Consulting Private Limited. Our expert will your attain your call and will guide you about the document, procedure and registration fees.

Service tax, is a part of Central Excise in India, is paid by those firms who will take the services tax against of different services.  The responsibility of collecting of tax lies the Central Board of Excise and Customs (CBEC).

Service Tax has standard rate of 12.36%. This rate is differ for different industry such as airlines, contractors etc. If you are taking the services tax then you is liable to pay it to the government. If you are not paying then there are provisions of prison and money or both could.

Our accounting and financial support services team will build successful solutions to fit your needs. Whether you are a global conglomerate or a closely held business, the team can provide you with the right mix of skills and professionals to complete a special project or provide financial outsourcing solutions. ARS Business is an income tax consultant in Gurgaon.

Now a day it’s a time for income tax return. You have not filled yet you’re ITR then you may consult us our helpline numbers. ARS Business is an income tax consultant in Gurgaon. You may call at 09891800670 & 0124 4225457. We will help you for Income tax return filing in Gurgaon.

Kind regards,      

ARS Business Consulting team,

Sector 14, Gurgaon, HR

For more info visit at

http://www.arsbusiness.in

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MSME Registration Services Gurgaon

MSME Registration

Micro, Small and Medium Enterprises (MSME) play a crucial role in providing employment opportunities and help in industrialization of rural & backward areas also. MSMEs are complementary to large industries as ancillary units, and this sector contributes enormously to the socioeconomic development of the country.

 MSME Division Scheme

1. Scheme for ‘Providing financial assistance on international on international Cooperation’
2. Scheme for ‘ Providing financial assistance for performance and credit rating under PCR Scheme
3. Scheme for providing financial assistance on marketing support under marketing Assistance Scheme
4. Scheme for providing financial assistance to set up new enterprises under PMEGP
5. Scheme for providing establishment of new institutions
6. Scheme for providing insurance cover to khadi artisans under Janshree Bima Yojana
7. Scheme for providing financial assistance to Khadi institutions under MDA
8. Scheme for providing financial assistance for R & D activities of Coir Board under Central Sector Plan Scheme of Science & Technology (S&T) of the Coir Board
9. Scheme for providing financial assistance to Coir units under Coir Ugyami Yojana(CUY )
10. Scheme for providing financial assistance to Coir Vikas Yojana(CVY)
11. Scheme of Fund for Regeneration of Traditional Industries (SFURTI).

You may consult for Company Formation Services in Delhi, Audit and Taxation Services in Gurgaon, Tax Consultants in Gurgaon at 09891800670, 01244225457. We would happy to hear you.

 Yours Sincerely,

ARS Business Consulting,      

Gurgaon, Haryana – India

For more info visit at

http://www.arsbusiness.in

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Business Consulting Services in Gurgaon

Business Consulting Services

As consultants we are committed to the cause of entrepreneurial prosperity. The confidence that we are the right choice for your business comes from the fact that we have the experience of operating through several verticals of businesses in India and overseas.

In today’s increasingly virtualized and globalized workplace, organizations need new ways to innovate, allocate resources and reinvent processes leveraging the latest trends. That’s where smart strategies pay off, particularly in times of economic uncertainty.

Working closely with clients, our consultants help your company define new innovative target operating models to drive the business transformations needed to achieve success. Our teams are global and our management consultants’ experience runs deep.

Our extensive experience and deep connect with organizations across industry sectors along with our compact structure, focused approach and knowledge allow us to address problems and discover alternatives with ease. We have functional and industry expertise as well as extensive geographical understanding. We are passionate about the business of business success.

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Auditing Services in Sohna Road Gurgaon

Auditing Services

Auditing is defined as systemic, methodical and Independent examination of data, statements, records, operation and performances of a purpose. It is not really possible to run a business without an effective auditing process. This is because an auditor is professional whose Job includes making sure that the financial records of company are in good shape. Actually Auditing involves a series of steps. ARS Business Consulting deals in Auditing Services in Manesar Gurgaon. These steps are taken to ensure that the financial and operational records of an organization comply with certain laid down standards. In any auditing the auditor perceives and recognizes the propositions before him/her for examination, collects evidence, evaluates the same and on this basis formulates his/her judgment which is communicated through his/her audit report.

Necessity of Auditing:

A typical audit process will include an examination of financial records, Operational records and other vital documents. ARS Business is working as an Audit and Taxation consultants in Delhi. Audit and especially internal audit is defined as an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Some of the audit services we provide include:

·         Financial statement audits

·         Internal audits

·         Compiled financial statements

·         Assist you in securing financing

·         Making informed management decisions

·         Comparative financial statements

·         Comparative budget statements

·         Agreed upon procedure reports

·         Financial analysis

·         Financial consulting

ARS Business which can see yours company Account and Audit in the manner that the financial records of your company will gave to your company accounts good shape. Because our company is built with the professionals, such as financial advisers, Lawyer, Accountants and managers as well as many others. We offer our Services in the Gurgaon, Delhi, and Noida & IMT Manesar Gurgaon.

You may consult for Company Formation Services in Delhi, Audit and Taxation Services in Gurgaon, Tax Consultants in Gurgaon at 09891800670, 01244225457. We would happy to hear you.

Yours Sincerely,

ARS Business Consulting,      

     Gurgaon, Haryana - India

     Fore more info visit at

     http://www.arsbusiness.in

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