Frequently asked questions
What services do you offer?
We offer a wide range of services including GST registration, ITR
filing, TDS management, audit services, and personalized tax
planning.
Where are you located?
Our office is located in Bhopal, Madhya Pradesh, India.
What are your business hours?
We are open daily from 08:00 to 23:00.
How can I contact you?
You can contact us via phone, email, or visit our office. Our
contact details are available on our Google My Business page.
Do you offer online consultations?
Yes, we offer online consultations via video conferencing. Please
contact us to schedule an appointment.
GST Related Questions
What is GST?
GST stands for Goods and Services Tax, a comprehensive tax levied
on the supply of goods and services in India.
How do I register for GST?
We can assist you with the GST registration process. Please
contact us for detailed guidance and support.
What documents are required for GST registration?
Common documents required include PAN card, Aadhaar card, proof of
business registration, and bank account details.
How long does it take to get GST registration?
It typically takes about 7-10 working days if all documents are in
order.
What are the benefits of GST registration?
Benefits include legal recognition, input tax credit, ease of
interstate business, and improved tax compliance.
ITR Filing Questions
What is ITR?
ITR stands for Income Tax Return, a form used to declare your
income and tax details to the Income Tax Department.
Who needs to file an ITR?
Individuals, HUFs, companies, and firms with taxable income or
financial transactions need to file ITR.
When is the last date to file ITR?
The due date for filing ITR is usually July 31st for individuals
and September 30th for companies.
What documents are needed for ITR filing?
Documents required include Form 16, TDS certificates, bank
statements, investment proofs, and other income-related documents.
Can I file my ITR myself?
Yes, but professional help ensures accuracy and maximizes your tax
benefits. We offer expert ITR filing services.
TDS Management Questions
What is TDS?
TDS stands for Tax Deducted at Source, a means of collecting
income tax in India by deducting it from the source of income.
How is TDS deducted?
TDS is deducted by the payer while making specified payments such
as salary, commission, rent, etc.
What is the TDS rate?
TDS rates vary based on the type of payment and the recipient’s
status. Please contact us for specific rates.
How do I file a TDS return?
We can assist with the preparation and filing of TDS returns.
Please get in touch for detailed assistance.
What happens if TDS is not deducted?
Non-deduction of TDS can lead to penalties and interest. It’s
crucial to comply with TDS regulations.
Audit Services Questions
What is an audit?
An audit is an independent examination of financial information to
ensure accuracy and compliance with regulations.
Why do I need an audit?
Audits provide assurance on the accuracy of financial statements
and help in identifying areas of improvement.
What types of audits do you offer?
We offer statutory audits, internal audits, tax audits, and
special audits as per client requirements.
How long does an audit take?
The duration depends on the size and complexity of the business.
We aim to complete audits efficiently and effectively.
What documents are needed for an audit?
Common documents include financial statements, ledgers, invoices,
bank statements, and compliance records.
Tax Planning Questions
What is tax planning?
Tax planning involves organizing your finances to minimize tax
liability within legal bounds.
Why is tax planning important?
Effective tax planning helps in saving money, ensuring compliance,
and achieving financial goals.
Can you help with tax saving investments?
Yes, we provide advice on tax-saving investments such as PPF,
ELSS, NPS, and more.
What are some common tax deductions available?
Common deductions include those under Section 80C, 80D, and 24(b)
for investments, health insurance, and home loan interest.
How can I reduce my tax liability?
We can help you with effective tax planning strategies tailored to
your financial situation.
GST Return Filing Questions
What is a GST return?
A GST return is a document that taxpayers need to file with the
tax authorities to report their income and taxes.
How often do I need to file GST returns?
The frequency depends on your turnover and type of taxpayer. It
can be monthly, quarterly, or annually.
What documents are required for filing GST returns?
Invoices, purchase receipts, expense records, and bank statements
are commonly required.
Can you help with late GST return filing?
Yes, we can assist you with late filing and minimize penalties and
interest.
What are the penalties for late GST return filing?
Penalties include a late fee and interest on the outstanding tax
amount.
Personalized Services Questions
Do you offer personalized tax advice?
Yes, we provide tailored tax advice based on your specific
financial situation and goals.
How do I schedule a consultation?
You can schedule a consultation by contacting us via phone or
email.
Do you provide services for individuals and businesses?
Yes, we cater to both individual and business clients with a range
of financial services.
Can you help with business compliance?
Yes, we assist businesses with compliance requirements, including
statutory filings and audits.
What are your fees for services?
Our fees vary based on the service and complexity of the work.
Please contact us for a detailed quote.
Direct Tax Consulting Questions
What is direct tax?
Direct tax is a type of tax levied directly on an individual or
entity’s income or wealth.
How can I ensure compliance with direct tax regulations?
We provide expert advice and assistance to ensure compliance with
all direct tax laws and regulations.
What is the process for direct tax consulting?
Our process involves understanding your financial situation,
identifying tax-saving opportunities, and ensuring compliance.
Can you help with tax disputes?
Yes, we offer representation and assistance in resolving tax
disputes and appeals.
How often should I review my tax strategy?
It’s advisable to review your tax strategy annually or whenever
there are significant changes in your financial situation.
Miscellaneous Questions
What makes your firm different from others?
Our firm is committed to providing personalized, transparent, and
efficient financial solutions tailored to each client’s needs.
How experienced is your team?
Our team comprises experienced professionals with expertise in
various fields of accounting and tax consultancy.
Do you offer training or workshops?
Yes, we offer training sessions and workshops on various topics
such as GST, tax planning, and compliance.
How do I update my information with your firm?
You can update your information by contacting us directly through
phone or email.
Do you offer support for new businesses?
Yes, we provide comprehensive support for new businesses,
including registration, compliance, and financial planning.