Online Tax Filing in This Pandemic

With everyone freakin’ out about the Coronavirus, perhaps it is time to revisit some of the personal services that people need such as an online tax accountant. Haircuts pose a problem for an online interaction. Dentistry, nope. But an online tax accountant is a snap! Yeah, it might be a shift in the paradigm… but long before we had this panic, tax preparation was shifting to an online tax preparation engagement.

Why Online Tax Filing?

Why spend time out of your workweek to meet with your tax accountant? Wouldn’t you rather sit in the comfort of your PJs or Snuggie collection sipping on a nice latte or tea (Totally Your Preference) while you upload tax documents to your Tax Consultant? Of course you would! Heck, prior to moving into our own office, I had a client one floor down from us who would rather send us his stuff remotely than walk up a flight of stairs to see me.

Also, since most tax documents come to you as a PDF, printing this information out, scheduling an appointment and driving to your Consultant seems outdated. Correction… it is outdated.

Fast forward…

It is March 24, 2020, and India is losing its mind with the Coronavirus. Social distancing. 6 and 250 become household numbers. Grocery stores with empty shelves. Quarantines. Yuck!

Online Tax preparation:

So… how about leveraging an online tax Consultant to prepare your tax returns. Contactless. No touching. No hugs and handshakes (bummer). A traditional industry of face to face meetings and discussions about your tax returns is now shifting to an online tax filings with phone calls, emails, and portals. Join the growing crowd of online tax filing and skip the hand sanitizer.

Why Choose Us?

Many consulting firms are one dimensional for your business life-cycle. While, we walk you through all stages of your business cycles according to your business model.

We understand the problems faced by small and growing businesses every day. Our highly qualified business advisory consultants not only help our clients develop a strategic plan but also implement it accurately and efficiently to increase value.

Whether you need help with strategic planning or accounting needs, we are with you all the way.

Services offered:

Income Tax Filing:

The government provided further relief to taxpayers by extending statutory and regulatory compliance deadlines, which were set to expire by June-end.so this is the time one tax payers shall not wait for the last day as it is rightly said in Sanskrit. Subhashya Sighram ! Why delay the auspicious work.

The details of extension are as follows: Extensions ranging between one month and three months have been granted on filing income tax returns, filing audit reports, making investments in savings instruments under income tax, issuing of Form 16 by companies to employers besides issuing notices or orders by authorities under various direct taxes and Benami Law. Deadline or linking PAN with Aadhaar has also been extended by three months.

The extensions have been granted “in order to provide further relief to the taxpayers for making various compliances,” the Central Board of Direct Taxes (CBDT) said in a notification dated June 24.

The extension will reduce hardship of taxpayers on one hand and will also give some more breathing time to tax officers, said experts, amid challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Covid-19. Original as well as revised income-tax (IT) returns for the FY 2018-19 or assessment year 2019-20 can be filed by July 31, 2020.

Returns of income required to be filed by July 31, and October 31, can be filed to November 30, since due date for IT return for the FY 2019-20 or assessment year 2020-21 has been extended to November 30, 2020. Therefore, tax audit report can be furnished by October 31, 2020.

GST Compliances:

The Month of June and July, 2020 is significant from the point of view of due dates for filings, be it GST returns or Income Tax returns because a lot of due dates that were falling in March, April and May 2020 have been extended by the government as a part of providing relief to the taxpayers during the crucial time of COVID 19 pandemic and lock down period.

Here we have mentioned all the GST return filing due dates along with their respective associated GST forms. Below is the schedule for GST return due dates for the month of June and July:

Company and LLP incorporation:

We can assist you in finding the most appropriate form for your business which is dependent on the capital structure and control over business. we will guide you to choose what is best for your business in a long run and will help you achieve the expected smooth sail in the business.

Company Incorporation:

We are well verse with the process and benefits of incorporation of any of the following as per your choice:

1. One Person Company (OPC)

2. Private Limited Company (Pvt Ltd)

3. Public Limited Company (Ltd)

4. Nidhi Company (Nidhi Ltd)

5. Non Banking Financial Corporation (NBFC)

6. Section 8 Company (Non Profit Organisation)

7. Producer Company

8. Non Government Organisation (NGO)

9. Limited Liability Partnership

10. Partnership Firm

Costing:

As the present situation is very volatile and the government is coming out with frequent and drastic changes on a regular basis it will be next to impossible to give an estimate. All i can ensure you is that the cost will not burn a hole in your pocket and all the costs will be transparent and our service charges will be like a pinch of salt in the Dough. As the cost will be customized based on individual needs of people so it will tend to vary from time to time. All the costing will be tax credit available and as a result it will be beneficial for you as well.

Hoping to hear from you:

Give us an opportunity to serve your Tax purposes. Feel free to call Anupam:7011845299 or Mail us Anupamneoanand@gmail.com

See you soon. Stay Health Stay Safe.