DCS - Thy Tax Partner

  Importance of outsourcing Book Keeping work to India to Dudhoria Consultancy Services Pvt Ltd in India In today's fast-paced business world, bookkeeping has become an essential aspect of every organization. Keeping accurate financial records is crucial to ensure that a company is operating within its budget and complying with tax regulations. However, for many small and medium-sized businesses, managing their books can be a daunting and time-consuming task. This is where outsourcing bookkeeping work to India can be an excellent solution, particularly with the help of Dudhoria Consultancy Services Pvt Ltd.   Outsourcing bookkeeping work to India can bring significant benefits to companies. First and foremost, it can save businesses time and money. By outsourcing their bookkeeping work to India, companies can free up their time to focus on core business operations. Furthermore, outsourcing can reduce labor costs, as the cost of labor in India is generally lower than in o...

Income Tax Search and Survey Procedure covering rights and duties of person searched   An income tax search and survey is a procedure carried out by the Income Tax Department to collect information and evidence related to the tax liabilities of a person or entity. The search and survey procedure can be initiated if there is suspicion of tax evasion or non-compliance. In this article, we will discuss the rights and duties of a person who is searched during the income tax search and survey procedure with insights from the tax consultants at Dudhoria Consultancy Services Pvt Ltd.   Rights of a person who is searched:   Right to be informed: According to the tax consultants at Dudhoria Consultancy Services Pvt Ltd, the person being searched has the right to be informed about the reasons for the search and the nature of the investigation.   Right to witness the search: The tax consultants further explain that the person being searched has the right to witn...

Now register your startup with us and avail free consultancy. To register yourself all you need to do is drop us a mail with the following details @ taxdcs@gmail.com or i nfo@dcstax.in Company's Name Contact Person Mobile Number Mail ID Upon registration you can book an appointment with our experts and get guidance in relation to your Startup, Registration of Company/LLP, Tax Planning & Complainces Drop us a mail:      taxdcs@gmail.com   or   log on to     www.dcstax.in Dudhoria Consultancy Services Pvt. Ltd. 56, Netaji Subhas Road, 4th Floor, Kolkata - 700001 Call us @ 9836388555 || 9830498417 Email: info@dcstax.in|| taxdcs@gmail.com | Web:  http://dcstax.in/

Applicability of MAT:-         MAT is applicable to All Companies including the Foreign Companies. Analysis of provision of section 115JB:- Where in case of a company, the income tax payable on the Total Income as computed under the income tax act in respect of any previous year is less than 18.5% of its BOOK PROFIT, then such book profit shall be deemed to be the total income of the assessee and the tax payable on such total income shall be the amount of income tax at the rate of 18.5% . This income tax, further has to be enhance by Surcharge (as applicable) and education cess (@3%). In the simple words every company has to compute its income tax liability as per two sets of provisions. Following are the two sets of provisions: ·    Income tax computed as per normal provisions of income tax act. ·          ·  Income tax computed as per provision of section 115JB of income tax act....

TAX  PLANNING V/S TAX AVOIDANCE V/S TAX EVASION Though the words – Tax Planning, Tax Avoidance and Tax Evasion – sound connected, yet there is significant difference in the three. TAX PLANNING : Tax Planning is the way to reduce the tax liability by availing the exemptions and deductions mentioned explicitly in the Income Tax Act and Rules. Planning one’s income and expenses so as to get the benefit of various exemptions and deductions is called Tax Planning. Investments in PPF, NSC, LICI, etc are eligible for deductions. Tax Payers are advised to make full use of the Tax Planning opportunities. TAX AVOIDANCE : Tax Avoidance is done when the tax payer takes advantage of the loopholes in the tax regime in order to reduce the tax liability. Tax Avoidance is also not illegal. There is a very thin line of difference between Tax Planning and Tax Avoidance. Where in Tax Planning, a Tax Payer is making use of the opportunities provided exp...