Income Tax Consultant: P Chhajed & Co LLP

BUSINESS ADVISORY SERVICES Apart from taxation and auditing services, we provide expertise services with respect to business management and business advisory services . It helps in achieving the efficiency and goals of the organizations in effective manner. Like for starting a new business, we advise them as the best structure of the business model that suits their requirement in line with the tax efficiency matter. For existing businesses also we often recommend various structural changes looking to the parameters, market conditions, customer segment of the existing businesses. In general, the business structure can be divided into following two categories: 1. Unorganized Sector 2. Organized Sector Let us understand the same in greater details: 1. Unorganized Sector: Unorganized sector generally constitutes Proprietorship Firms, Partnership Firms, Hindu Undivided Family etc. The common benefit in the formation of any of the above form of orga...

Taxation – Goods and Services Tax ( GST ) Indirect tax is a type of tax where the tax is borne by the end consumer. Therefore, if a business entity fails to anticipate the applicability of an indirect tax and does not recover the same from the consumer it becomes a cost to the entity and is a direct hit to the cost analysis. Consequently, indirect taxes have a direct bearing on the costs, pricing policy, cash flow, and profitability and ultimately the competitiveness of an organization. Hence it becomes critical to evaluate the impact of various indirect taxes on any given transaction. Generally, indirect taxes unfold into Central Excise, Service Tax, VAT and CST along with GST (Goods and Services Tax). With the historic introduction of GST w.e.f 1st Day of July 2017, the role of other indirect taxes like Central Excise, VAT etc. has been reduced to only specified products. Goods and Services Tax (GST) is applicable on ‘supply’ of goods and services or both, in India in...

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...