a. TDS Return
TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government. Tax deducted at source (TDS) ensures that the Government’s collection of tax is proponed and the responsibility for paying tax is diversified. The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government – quoting the TAN number. Individuals who are salaried are not required to obtain TAN or deduct tax at source. However, a proprietorship business and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent exceeding Rs.1,80,000 per year, etc. K & G Partners can help obtain TAN Registration.
b. PF/ESI Return
Employee’s State Insurance(ESI) is a self-financing social security and health insurance scheme for Indian workers. ESI Registration is mandatory for employers having 10 or more employee. For all employees earning Rs.21,000 or less per month as wages, the employer must contribute 4.75% and employee must contribute 1.75% towards ESI. The ESI fund is managed by the ESI Corporation (ESI) according to rules and regulations stipulated therein the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India. ESI is an autonomous corporation under Ministry of Labour and Employment, Government of India. K & G Partners can help you obtain ESI registration for your business.
c. Income Tax Returns
Income Tax Returns of individuals as well as business are filed annually and we provide assistance in preparing Balance Sheets, Audit Reports and other mandatory compliances needed to avoid penalty and file timely returns.
d. Income Tax Notices
Income tax notices are sent by the Income Tax Department for various reasons like not filing income tax return, defect in filing of tax return or other instances where the tax department requires additional information or documents. On receiving an income tax notice, there is no reason to be alarmed or frightened. However, the taxpayer must take steps to understand understand the nature of notice, the request or order in the notice and take steps to comply.
e. GST Filing
Under Goods and Service Tax Regime, all registered persons have to file GST Returns monthly, Quarterly and Annually. K & G Partners have a team of experts who make sure that the all the compliances related to GST are being done.
f. Regular Accounting Packages
We provide regular accounting packages for the Business for all types’ right from book-keeping and finalizing Balance Sheets to file the timely Returns. Businesses’ can leave their entire accounting burden upon us as we can handle their accounting work in an utmost manner.