Tax Consultants in Gurgaon

Tax consultants, referred to as a tax advisers and are trained in tax law. They understand the regulations regarding business and individual taxes and advise clients on how to comply with both federal and state tax legislation.

Duties and Responsibilities of TAX Consultant

Tax consultants provide their clients with financial and tax-related advice. They meet with clients over the phone and in-person to discuss their clients' tax situations. They educate their clients on tax options, including how to legally lower tax liability or how to compute taxes based on their investments. Tax consultants might prepare and complete client tax returns and assist clients in finding the right deductions, credits and adjustments based on their financial situation. Tax consultants must be well-spoken and have excellent communication skills since they deal with clients and other professionals on a daily basis. Having analytical and math skills are essential to this job.

            

ARS Business Consulting is a company of Tax Advisor Ravi Saini & working as a tax consultants in Gurgaon, tax consultant in Manesar Gurgaon, Sales Tax Registration Consultants in Gurgoan, Service tax Registration Consultants in Gurgaon & income tax consultants in Gurgaon. He is Legal and Tax adviser of many companies and individual’s working in this filled science 2008 work. You can also join to Advocate Ravi Saini for legal and taxation related solution for your company.

Basic Information for valuable viewers.

FY 2015-16 Income tax rates slab are:-

    

Type of Taxes in India:-

Direct Taxes:-
These types of taxes are directly imposed & paid to Government of India. Direct taxes, Which are imposed by the Government of India like:-
INCOME TAX
CORPORATE TAX
WEALTH TAX
GIFT TAX
ESTATE DUTY
EXPENDITURE TAX
FRINGE BENEFIT TAX

Indirect Taxes:-
When liability to pay a tax on one person and the burden of the tax falls on some other person, the tax is called an indirect tax.

Sales Tax:-

Sales tax charged on the sales of movable goods. Sale tax on Inter State sale is charged by Union Government, while sales tax on intra-State sale (sale within State) (now termed as VAT) is charged by State Government.
Sales can be broadly classified in three categories. (a) Inter-State Sale (b) Sale during import/export (c) Intra-State (i.e. within the State) sale. State Government can impose sales tax only on sale within the State.
CST is payable on inter-State sales is @ 2%, if C form is obtained. Even if CST is charged by Union Government, the revenue goes to State Government. State from which movement of goods commences gets revenue. CST Act is administered by State Government.

Service Tax:-

Most of the paid services you take you have to pay service tax on those services. This tax is called service tax. Over the past few years, service tax been expanded to cover new services.
Few of the major service which comes under vicinity of service tax are telephone, tour operator, architect, interior decorator, advertising, beauty parlor, health center, banking and financial service, event management, maintenance service, consultancy service.
Current rate of interest on service tax is 14%+0.5%=14.5% this tax is passed by service receiver to the service provider. Any govt. imposed this tax from Service Provider on the behalf of service receiver.

If you have any questions of audit and taxation do not hesitate to contact us at 9891869922.

Best regards,
ARS Business Consulting team,
Gurgaon, HR – India

Read More

business consultants in delhi | business consultancy service in gurgaon

ARS Business Consulting is a professional Business company who provides professional or expert advice in a particular area such as Accounting, finance and taxation. Also Provide Business services like as Shop Act Registration, Company Formation, Logo& Trademark Registration, Digital Signature Certificates, Legal, MSME & Fire License, Taxation Services, Accounting Services and Business Consulting or any of many specialized fields.

Shop Act Registration :

The Shop Act is an important act for all kind of shop either small shop or big shop, Shop Act Registration must be registered in the particular state where it is located.

Company Formation :

Company Formation is also sometimes referred to as company registration. It is the process of incorporation of a business.

Logo& Trademark Registration :

Trademark is a name, device, mark or logo which is described the goods or services of one person from those of others.

Digital Signature Certificates :

DSC stand form is Digital Signature Certificates. DSC are the digital electronic format of physical or paper certificates.

MSME & Fire License :

Micro, Small and Medium Enterprises is the stand form is MSME. The MSME Department deals with policy matters relating to the MSME sector and formulates schemes for the development of the sector.

Taxation Services :

Taxation as a term applies to all types of taxes, from income to gift to estate taxes. Central Government levies taxes on income, customs duties, central excise and service tax.

Accounting Services :

ARS Business offers Online accounting for small business through our highly proficient accountants.

Business Consulting Services :

ARS Business Consultant works with clients on strategy, planning and problem solving, and helps clients develop business skills and knowledge.

Read More

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

Read More

Tax Consultants in Gurgaon

Tax Consultants

Taxes refer an inevitable deposition to state Government levied by the government on employee’s incomes and entrepreneur’s profit or added taxes on some goods, article and services. It is required by a department of government in order to finance activities. ARS Business Consulting is a tax consultant in Gurgaon. There is a punishment if we won’t pay it to government. Punishment would be as per government rules.

What do you think about the taxes pay to the government? It’s a good or not. It’s a good for everyone. This is because government has fixed a slab for income earned by the individuals or employees or entrepreneurs. There are different slabs for tax payer. According to Income Tax Act 1961, every person who are an assessed and whose total income exceeds the maximum exemption limit, shall be chargeable to the income tax at the rate or rates prescribed in the Finance Act. Such income tax shall be paid on the total income of the previous year in the relevant assessment year. We are working as tax consultants in Gurgaon from 4 years.

There is different kind of taxes and different slab for tax payment.  You are one step far from us to know how to calculate the taxes and how to fill to government. You have to make a call to us. We will help about income tax return (ITR). You may dial us for any kind of taxes at 9958981670, 9891800670 and 0124 4225457.

Kind regards,

ARS Business Consulting,

Gurgaon, HR – India

For more info visit at

www.arsbusiness.in

Read More

ARS Business - Tax Consultants in Gurgaon

Our team of audit and taxation consultants at ARS Business Consultants (P) Ltd., would like to welcome you to our Auditing and Taxation world. ARS Business Consulting (P) Ltd. is a Gurgaon based taxation firm specialized in accounting, taxation, payroll, company formation and legal services. Each member of our company is an expert and talented professional, working directly with you to enhance your business.

We will be happy to help you. You may call at 09958981670, 01244225457 for audit and taxation services.

Thanks & Regards,

ARS Business Consulting team,

401, Shivam Complex,

Opposite Huda office,  

Sector 14, Gurgaon

Read More

Central Board of Excise and Customs

Central Board of Excise and Customs:

Central excise is a duty levied on the goods manufactured or produced in India.  The applicability of central excise duty is on manufacture and production in India of excisable goods. It is mandatory to pay the excise duty of the goods manufactured in India except exempted goods or goods exported out of India. Other than excise exempted goods there are various exemptions are also notified by the Government related to the payment of excise duty of manufactured goods.

Services offered:

• Registration in central Excise.
• Submission of excise duty to the department.
• Filing of returns either on monthly or quarterly basis.
• Reply of show cause notices.
• Submitted the information in department which is required to be submitted.
• Attend and complete the audit and appeal proceedings.

Thanks & B. Regards,
ARS Business Consulting Team,
Gurgaon, HR

For more info visit at:

http://www.arsbusiness.in

Read More

Get Great discount on Income Tax | Service Tax Consultants in Gurgaon

ARS Business Consulting (P) Ltd, is a fastest growing and leading company, deals in Finance, Payroll, Taxation and Advisory services. We provide not only Account and Taxation Services  also provides Payroll Outsource Supports for our existing and new clients.  Our team abide and devotee of Account and Taxation Services.  ARS Business Consulting (P) Ltd provide our services in IMT Manesar,  Gurgaon, Faridabad, Noida and  Delhi NCR with the aim for Pan India. 

Do let me know if you are interested. Including special benefit for you!

Thanks & Regards,

Yours ARS Business Consulting,

91 - 9891800670

Gurgaon, HR, India

Read More