CA in Gurgaon | Chartered Accountant in Gurgaon | Nitin bhatia & Associates

Nitin Bhatia & Associates is a premier professional services firm adding value to the business of its clients. We do this by providing a wide gamut of services in the financial space which range from Taxation consultancy services, GST, Audit and Assurance, Mergers and Acquisition to Corporate Financial and Risk Advisory.

CA in Gurgaon

Showing posts with label Company Registration in Gurgaon. Show all posts
Showing posts with label Company Registration in Gurgaon. Show all posts

Thursday, June 27, 2019

Information About e-Form Active I e-FORM INC-22A - CA in Gurgaon

Recognize what is e-structure Active and who is required to document it, we will likewise inform you regarding the Form INC-22A.
As of late, the Ministry of Corporate Affairs or MCA presented the Companies (Incorporation) Amendment Rules, 2019 with is compelling since 25th February 2019. The MCA has presented e-Form Active, which is appropriate for each organization that is joined in or before 31st December 2017.
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Here are the organizations that are exempted from recording e-Form Active: –
  • Organization that has been struck off or under procedure of striking off
  • Organization under liquidation or amalgamated or broke down, as recorded in the register of ROC or Registrar of Companies.
Organization which did not record its due budget reports under Section 137 or due yearly returns under Section 92 or both with the ROC are confined to document e-Form Active. The organization which is under administration contest and the ROC has recorded such certainty are not limited to document e-Form Active contact now CA in Gurgaon.

Reports required to record e-Form Active are as per the following: –
  1. Address of Registered Office with Latitude and Longitude (Photo of enrolled office in that with one Director/KMP).
  2. Email ID of the Company (OTP check).
  3. Number of Directors as on date.
  4. Subtleties of Auditor(s) delegated.
  5. Subtleties of Cost Auditor whenever delegated.
  6. Subtleties of Managing Director/CEO/Manager/Whole-Time Director-DIN/PAN, Name and Designation.
  7. Subtleties of Company Secretary and CFO-Name, PAN and Membership No, if pertinent.
  8. SRN's of AOC-4/AOC-4 XBRL and MGT-7 for FY 2017-18.
What occurs, if an organization does not record e-Form Active?
  • Organization will be set apart as "Dynamic resistant" on or after 26th April, 2019 and obligated for activity under sub-area (9) of segment 12.
  • Charge of 10,000/ - on late Filing.
  • Documenting of beneath e-structures won't be permitted: –
  • SH-7
  • PAS-3
  • DIR-12 (with the exception of end)
  • INC-22
  • INC-28
What is the Penalty for late documenting of e-Form Active?

Punishment for late recording of e-Form Active is Rs. 10,000.

What are the confirmations for recording e-Form Active?
  • OPC-One Director
  • Different Companies-02 Directors or 01 Director and one KMP
  • Guaranteed by CS/CA/CWA by and by GST Consultant in Gurgaon.

Friday, June 21, 2019

ITR Filing in Gurgaon:- File Income Tax Return | CA in Gurgaon

ITR Filing in Gurgaon : File Income Tax Return

All individuals, HUF, Association of Persons and Body of Individuals with income above basic exemption limit have to file ITR for ita financial year ending 31st March. Whereas, it is mandatory for companies and firms to file the return, irrespective of income. Hire Chartered Accountants in Gurgaon will help you in ITR Filing to avoid penalties. You can choose from a list of CA in Gurgaon.

What is Income Tax Return:

An income tax return is a form where taxpayers declare their taxable income, deductions, and tax payments. This procedure of filing income tax returns is referred to as income tax filing. While filing the actuals, the total amount that should go to the government as income tax is calculated. If you’ve paid more tax than needed for the financial year, you’ll be refunded by the income tax department. Sometimes, you may also see that you have underpaid taxes for the year. In such cases, you must pay the remainder of the tax, and file your income tax returns.
Income tax return form ranges from ITR 1 to ITR 7, used for different types of income. Some income tax return forms are longer than the others, and they may need additional disclosures such as balance sheet and a profit and loss statement information.

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Do I need to do ITR Filing?

As per Section 139(1) of Income Tax Act, 1961, ITR filing needs to be done by:
a) Companies & Firm:-Every Company & Partnership Firm should (MUST) furnish Return of Income in respect of its income or loss for every previous year.
b) Others:– Every other person being Individual or HUF or an AOP or BOI or Artificial Judicial Person, where the Total Income of any other person in respect of which he is assessable under the Act during the previous year, without giving the effect of Sec. 10A/10AA/10B/10BA or Chapter VI-A exceeds the max amount not chargeable to Income Tax, should also furnish a Return of Income.

Why Do I Need to do ITR Filing?

Irrespective of whether you live in India currently or not, filing an income tax return is compulsory if your total Indian income exceeds Rs.2,50,000.
Even if you don’t meet the Rs.2,50,000 threshold, it’s a good practice to file or e-file your income tax return. An income tax return is an important document that you must produce at the time of availing a home loan, as it reflects your financial prosperity. An income tax return—as a proof of income

shows your capacity to repay a loan.

If you are planning to go abroad for higher studies, or are about to take up a job outside of India, you’ll need at least three years’ filed income tax returns to show as proof of income. People processing your visa application may request for this financial information to evaluate your financial health, which in return shows that you can support yourself on your own in their country.

Due Dates for Income Tax Return (ITR Filing)

1. Company – 30th September
2. Non-Corporate Assessee who accounts are required to be audited-30thSeptember
3. Working Partner of Firm whose accounts are required to be audited.-30thSeptember
4. Any other Assessee (like Individual, HUF etc) –31st July
5. The assessee who is required to Furnish a Report u/s 92E – 30th November

List of ITR Forms

ITR 1 For the Individual having Income from Salary & interest.
ITR 2 For Individual/HUF not having Income from Business & Profession.
ITR 3 For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR 4 For individuals and HUFs having income from a proprietary business or profession
ITR 4S For individuals and HUFs having Presumptive Business Income
ITR 5 For firms, AOPs and BOIs
ITR 6 For Companies other than companies claiming exemption under section 11
ITR 7 For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)

Documents required for ITR filing

Bank Account No. with IFSC Code.
-TDS Certificate(Form 16/16A)
-Balance Sheet & Profit & Loss Account(Business Assessee)
-Saving Certificate
-PAN Details/Assessee Details

 Read More :- GST Consultant in Gurgaon, Company Registration in Gurgaon.

Thursday, June 20, 2019

How to REGISTER YOUR COMPANY IN ONE DAY

Presently, Your Company Registration in Gurgaon

Ministry of Corporate Affairs has mechanized fuse procedure to improve setting of a business. Presently one can enlist an organization in multi day. The service has marked an agreement with Infosys to enroll an organization inside a stipulated timeline.It has given even punishments on postponement.so you can Call now CA in Gurgaon. 

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The world bank's simplicity of working together positioning evaluated a year ago at 2-7 days time for name enrollment, name endorsement and friends enlistment, which was peaceful high contrasted with the procedure pursued by other countries.The ROC is free from the undertaking of enrolling organizations given that a normal of 300 organizations register the nation over everyday,though LLPs are still in the locale of ROC. Regardless of whether you have not chosen the name you can enlist and the reminder will be generated.Now save your name in one day, document and get consolidation endorsement in 1 day. By June end this year hold name and document and get fuse in one day. If take Any Suggestion about GST Consultant in Gurgaon. MCA moves to brought together preparing of consolidation recommendations at another middle in Manesar(Gurgaon) rather than ROC. MCA will discharge another structure which will crunch the whole procedure into one.

Saturday, June 15, 2019

How to Filing Income Tax Returns? Avoid These Five Common Mistakes

1. Don't pick wrong income tax return forms:

According to GST Consultant in Gurgaon Income tax forms are getting complicated and detailed every year and income tax department also change the forms every year. Sometimes it is difficult to choose right form for filing income tax return. Be remember that wrong form may make your Income tax return defective.

GST Consultant in Gurgaon

2. Not reporting all income sources:

Make sure that all income are reported in income tax return. Few income which we might forget to consider in income tax return are Interest on Saving bank account, Interest on Fixed deposits and other incomes which are not in regular nature.

3. Not providing correct personal details

Give your correct personal and current details like mobile number, personal email id at income tax portal. it becomes important because income tax department sends you regular messages and emails for reminder of due date and other return related stuffs.

4. Mistakes in claiming deductions

Make sure the all the deductions are claimed correctly while filing income tax return. There many section under which you can claim deduction from your income which are Section 80C, 80CCC, 80D, 80DD, 80GG, etc.

Wrong claiming of deduction can be rejected by income tax department which may results in raising of income tax demand.

5. Discrepancy in TDS details

Many of us file our income tax return without verifying the details of tax deduction at source (TDS) deducted by employers and companies at Form-26AS available at income tax portal.so take a Suggestion by Our CA in Gurgaon Form 26AS contains details of TDS deducted. If TDS deduction details are not matched with Form-26AS then take timely action to rectify the same.

Thursday, June 6, 2019

Using Co-Working Space? Here are few benefits under GST :- Register Private Limited Company in Gurgaon

Initially freelancers and startups are worried for their fixed cost. Which are basically Rent of office, Employee salary etc. Everyone put their lot of efforts to reduce this cost. They find offices, employees with lower cost. Somewhere they have to compromise, but now in mega cities like Gurgaon, Delhi, Bangalore, you have facilities under a single roof Register Private Limited Company in Gurgaon.
I am talking about working spaces given by many companies at lower prices. Where you have all amenities like Water, Electricity, Air Conditioner, Property tax, Furniture, Internet connection.  These are the common facilities which everyone wants in his office and you have the options to choose those company giving basic amenities at lower price and near to you Company Registration in Gurgaon.

Lower price could be given only with proper planning and planning includes GST as well. Now I going to tell you, has GST really impacted your pocket? Now GST Consultant in Gurgaon.

  • If you are registered under the GST then GST charge on the invoice will benefit you. You can set off it against your output GST liabilities.
  • One of the major benefit government has given to you is, No GST will be charged on Security deposit given at the time of becoming member of company.
  • Further government has opened the hands of companies for availing input credit. Which mean earlier under the service tax benefit of inputs were. Now in GST scope of Input credit is wide.
Why am i discussing this point? Because this input credit benefits given to companies would affect the price charge from you as monthly rental.
 
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 Register Private Limited Company in Gurgaon , Chartered Accountant in Gurgaon .