Tax Filing & Compliance
Tax Filing & Compliance Services
Captigma offers a range of Tax Filing & Compliance services to help businesses adhere to their tax obligations efficiently. Our expert team ensures that your business remains compliant with the latest tax regulations, allowing you to focus on growth without the worry of penalties or legal issues. Below, we outline the services we provide, including the documents required for tax filing.
Income Tax Filing Services
Income tax filing is mandatory for individuals, companies, and businesses earning income. Captigma ensures that your income tax return (ITR) is filed accurately, based on your financial status, and adheres to the Income Tax Act.
Documents Required for Income Tax Filing:
- PAN Card: Permanent Account Number of the individual or business entity.
- Aadhaar Card: Aadhaar is required for filing income tax returns.
- Income Details:
- Salary slips (if employed).
- Bank statements showing income details.
- Form 16 (for salaried individuals).
- Income from business (Profit & Loss Statement, Balance Sheet).
- Income from other sources (e.g., interest, investments).
- Deduction Documents:
- Proof of deductions under sections like 80C, 80D, 80E, etc.
- Receipt of insurance premium, tuition fees, housing loan interest, etc.
- Previous Year’s Tax Return: If applicable.
- Capital Gains Statements: If applicable.
- Other Supporting Documents: Any other income-related documents required as per the nature of your income.
GST Filing Services
Businesses with an annual turnover exceeding the prescribed limit must register for GST. Captigma handles your GST filing needs, including preparation and timely submission of GST returns such as GSTR-1, GSTR-3B, and GSTR-9.
Documents Required for GST Filing:
- GST Registration Certificate: If your business is GST-registered.
- Sales and Purchase Invoices: Detailed invoices showing sales and purchases made by your business.
- Bank Statements: To validate GST payments and receipts.
- GST Challan: Any challans showing GST payments made by the business.
- HSN/SAC Code: Required for identifying the goods or services supplied.
- Tax Invoices: Proof of taxes paid on goods or services.
- Details of Export/Import: If applicable.
- Advance Tax/Tax Credit: If you’ve paid advance tax or used input tax credit (ITC).
TDS (Tax Deducted at Source) Returns
TDS returns are applicable for businesses that deduct tax on payments made to employees, contractors, vendors, or other parties. Captigma ensures that TDS returns are filed accurately, avoiding penalties for incorrect deductions or delayed payments.
Documents Required for TDS Filing:
- PAN Details of Deductee: PAN card details for those on whom TDS is deducted.
- Challan and Payment Details: Any proof of TDS payments made to the government.
- TDS Certificate (Form 16/16A): If applicable.
- TDS Payment Details: Bank statements or challans showing TDS payment.
- Details of Payments Made: Information about payments made where TDS was deducted (such as salary, contract payments, etc.).
Tax Planning & Advisory
Tax planning ensures that your business minimizes tax liabilities and takes full advantage of exemptions, deductions, and incentives available under Indian tax laws. Captigma provides customized tax advisory to help you save taxes and comply with the law.
Documents for Tax Planning:
- Financial Statements: Profit & Loss Statement, Balance Sheet, and any relevant financial reports.
- Investment Details: Information about your investments that may qualify for tax deductions.
- Proof of Exemptions: Documentation supporting claims for exemptions (e.g., Section 80C, 80D).
- Business Structure Documents: To determine the most tax-efficient structure for your business.
Filing of Tax Audits
Tax audits are mandatory for businesses whose turnover exceeds a specified threshold. Captigma provides complete assistance with tax audits to ensure all necessary reports are filed correctly.
Documents for Tax Audits:
- Books of Accounts: Including ledgers, journals, cash books, and bank statements.
- Profit & Loss Statement: Detailing income and expenses for the financial year.
- Balance Sheet: Showing assets, liabilities, and net worth.
- Bank Reconciliation Statement: Reconciliation between bank statements and accounting books.
- Inventory Records: Details of stock, raw materials, and goods in trade.
- Depreciation Records: Depreciation on assets as per the Income Tax Act.
Tax Notices & Dispute Resolution
If your business receives any notices from the tax authorities or faces tax-related disputes, Captigma assists in responding to and resolving these issues.
Documents for Tax Notice & Dispute Resolution:
- Copy of the Tax Notice: Any communication or notice received from the tax department.
- Assessment Orders: Any previous assessments or audit orders from the tax department.
- Tax Returns & Supporting Documents: Copies of tax returns filed, along with relevant supporting documents.
- Dispute Details: Information about the nature of the dispute (e.g., penalty, interest, incorrect assessment).
Why Choose Captigma for Tax Filing & Compliance?
- Expert Professionals: Our team consists of experienced tax consultants who stay updated with the latest tax regulations.
- Customized Solutions: We offer tailored services that fit your business needs, whether you’re a small business, startup, or large corporation.
- Timely Filing: We ensure that all tax returns are filed before the deadlines to avoid penalties.
- Minimized Tax Liabilities: Through effective tax planning, we help you reduce your overall tax liabilities while complying with the law.
- Hassle-Free Compliance: We handle the complexities of tax filing and compliance so you can focus on growing your business.