DCS - Thy Tax Partner

GST MIGRATION As government moves a step forward to “one nation one tax”, we help you migrate to GST. Once you handover the following documents to us, the responsibility of your migration to GST is ours. GST Migration for Service Tax Assessees has started. Please provide the documents at the earliest to avoid the last minute rush!  CHECKLIST FOR GST ENROLMENT 1.     ACES LOG IN ID & PASSWORD                               OR     PROVISIONAL ID RECEIVED FROM CBEC     PASSWORD RECEIVED FROM CBEC 2.    VALID EMAIL ADDRESS 3.    VALID MOBILE NUMBER 4.    DATE OF BIRTH/ DATE OF INCORPORATION 5.    MOTHER’S NAME OF AUTHORIZED SIGNATORY 6.    PRINCIPAL ITEM OF GOODS TRADED 7.    NAME OF 1 ST EMPLOYEE 8.     COPY OF SERVICE TAX REGISTRATION CERTIFICATE 9.   ...

NOTE DEMONETISATION: A MOVE TOWARDS NATION BUILDING 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based economy hence the circulation of Fake Indian Currency Notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced. 2. What is this scheme? The legal tender character of the existing bank notes in denominations of ₹500 and ₹1000 issued by the Reserve bank of India till November 8, 2016 (hereinafter referred to as Specified Bank Notes) stands withdrawn. In consequence thereof these Bank Notes cannot be used for transacting business and...

We are presenting a few basic points to be kept in mind before getting in the field of business. Before starting their own venture one must take proper care to decide on these three aspects very effectively: · RIGHT FORM OF BUSINESS · RIGHT ACCOUNTANT · RIGHT BANKER CHOOSING RIGHT FORM OF BUSINESS Choosing the right form of business is like laying the groundwork. On this decision depends the entire maintenance of your business from compliance point of view. Thus, making an appropriate choice of Form of Business is inevitable. Keeping the present scenario in mind we currently recommend the start up ventures to register themselves as private limited companies. Most of the newly startup ventures have finance as a hurdle and being a private limited company one can easily procure funds from friends or relatives by issuing them shares without loosing control over the business.. The major forms of business that any start up venture can opt for are as follows:...

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....