INCOME TAX & GST

Understanding taxes and the constantly changing tax environment can be a taxing task for large organizations, growing companies and individuals alike. We understand this challenge and help our clients steer through complex tax issues. We help in minimizing tax liabilities by several tax planning strategies and thus we provide compliance services with the tax laws of India. 
The Income Tax Act of India is a pivotal legal framework that governs the taxation of income earned by individuals, businesses, and other entities within the country. Enacted by the Indian government, this comprehensive legislation outlines the rules, regulations, and procedures for the assessment, collection, and administration of income tax.
We offer:
  • Analysis and Income Tax Planning.
  • Drafting, Agreements & Advice.
  • Income Tax Return preparation.
  • Representation before the Income Tax Officer.
  • Representing before the Commissioner of Income Tax (Appeals).
  • Representing before the Tribunal.
  • TDS working and advisory.
  • TDS return filings.
  • Computation of relief of arrears of salary u/s 89 of Income Tax Act, 1961. 
  • Before financial year-end tax planning strategies.
GST is a destination-based consumption tax, i.e., tax on inter-state supply to accrue to the destination state introduced in July 2017 and since then it has been evolving. It is Dual GST model  consisting of CGST to be central tax and SGST to be state tax and IGST on inter-state transaction, to be shared between Centre and the States. The GST regime has subsumed all indirect taxes into one. It seeks to address the challenges with the old indirect tax regime by broadening the tax base, eliminating cascading of taxes, increasing compliance and reducing economic distortions caused by inter-state variations in taxes. 
We at AK Solutions, have a dedicated team which handles all the services related to GST. The services offered in GST are as follows:-
  • Registration of GST 
  • Periodic Review of all data and GST Returns
  • Verification of eligibility and effective utilization of Input Credit 
  • GST Audit
  • GST Representation Services
  • Advisory on GST Specific matters
Tax Compliances
We help in preparing Income tax returns i.e. in filing Income tax returns with the Tax department. We also help in the payment of self-assessment taxes and advance tax compliance.
TDS Returns and Compliance
TDS means tax deducted at source. In few payment cases, TDS is required to be deducted and remittance is required to be made to the government before due dates and also to file TDS return with the tax department. We also provide service of determining rate of TDS for different transaction and also due diligence service for degerming whether TDS rules has been complied properly.

With our meticulous approach, you can trust that your tax matters are in capable hands, allowing you to focus on your core priorities with confidence.

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