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TAX & REGULATORY COMPLIANCE

TAX & REGULATORY COMPLIANCE:

Compliances under the plethora of statutes that govern the functioning of entities in India, such as Income Tax Act, Companies Act, the recently introduced Goods & Services Act touted as one of the major reforms and a game changer, often require a thorough understanding of the complex laws which is the domain of professionals and often beyond the scope of a enterpreneur. While a large corporate may be equipped with the manpower and resources in the form of professionals, SME’s may find this a huge challenge. With the Government of the day placing more emphasis on voluntary compliance coupled with use of data analytics to detect transactions
escaping the tax net, the need to have timely compliance has assumed significance. Besides any delay in compliance always has a cost attached to it in the form of penal provisions that may have monetary and legal implications depending on the gravity of the delay or the offence. Our specialized compliance team has the wherewithal and the expertise to offer value added services on the compliance front thereby ensuring the SME’s comply with the laws governing the business entities.
Some of the compliances that we at Divakar Hari & Associates undertake and offer are:

a. Advisory and Assistance in Filing of Income tax returns for Individuals, HUF’s, Firms, LLP’s and Companies.
b. Advisory and Assistance in Filing of TDS returns- Non compliance can result in penal interest and late filing fee.
c. Filing of Annual returns mandated by the provisions of Income Tax Act relating to cash payments and cash receipts exceeding the threshold for entities liable to tax audits.
d. Advisory and Assistance in filing of GST monthly returns
e. Assistance in filing Annual returns prescribed under the Goods and Services Act.
f. Assistance in filing returns under the Profession Tax Act.
g. Assistance in filing forms and returns under the Companies Act.
h. Assistance in filing application for foreign remittances under the Income Tax Act.