Income Tax Consultant: P Chhajed & Co LLP

Tax saving is a necessary part of your savings foray and one has to comply with different tax laws to save tax with investment in various instruments. For tax saving one of the best instruments that is quite popular among the mass is the tax saving insurance policies. Without doubt it has become one of the best products. What does one mean by income tax savings? What are the different tax saving plans etc. These are some of the terms which one needs to be aware of. To make sure that your hard earned money stays with you, it is important for you carry out an extensive research when it comes to tax savings. The income that you earn annually is subject to the Income Tax laws governing that country. The tax rates are not fixed and are based on the income that you earn throughout the year. But, one can save a lot on tax money, only if he or she plans it the proper way and takes wise steps at different stages of life. So if the question how to save tax is mind boggling you, well we...

A tax is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures. Efficient and effective tax management is the key success to any business since it helps to reduce costs and stay ahead in today's competitive era. India has one of the most complicated taxation structures. The tax is levied at various stages viz. by local authority, State Govt. and Central Govt. Even there are multiple taxes levied by the single authority. So it would be lot difficult for the businessman to manage this entire complex structure, but the key is to be prepared in advance. Most business decisions need proper understanding of various scenarios and their implications for proper decision making and implementation on policy and executive level strategies. We immaculately combine the research and depth of large business organizations and personal attention and relationship approa...

Dear Reader, CBIC has notified the due dates for GSTR 3B and GSTR 1 for the period July 2018 to March 2019. In the preceding two GST Council Meetings, a comprehensive discussion was made on the new return design system, format of new return, simplification of the existing return designs etc. However, just two day before, the CBIC has issued notification for the mentioned topic. Presently, the old return system has been put in place for the period up to March 2019 but we are of the opinion that again the new return system will be postponed up to June 2019 i.e. up to the General Elections. We have earlier also advised our clients and professionals that do not worry about the new GST Return formats as there is no possibility that the same can be implemented before 1st July 2019. The reason is simple that with the introduction of new return design system, the traders and professionals need to work again, the software companies need to work again, the load on the website dur...