Why you must hire GST Consultant?

Are you considering hiring a gst consultant in Delhi? Here is a guide for you to understand their services and why you must need them on board for your business

GST - Better known as Goods and Service Tax is the tax charged to a consumer for buying a good or service. These taxes may include service tax, purchase tax, luxury tax, excise duty, VAT, sales tax. It also banishes all other taxes like entertainment tax and surcharges. This helps broaden the base and leads to simplified and effective tax rates. GST consultants in Delhi can help you determine the amount of GST to be levied and registration for the same.

GST has several benefits like increase in foreign investments and GDP. It has also helped in reducing tax burden on different levels as well as on the final consumer. GST has also enabled cheaper imports and hence an increase in international competitiveness. 

Why does your business need a GST Consultant?

GST has enabled a lot many transformations in the corporate sector. It has brought new opportunities when it comes to supply chain. Businesses can now strengthen and broaden their distribution networks.

While this may seem like an easy thing to do, on paper it is not. One needs to completely understand GST laws and procedures before proceeding ahead. Many businesses are hiring CA in Janakpuri who can advise them about these laws. A top CA in West Delhi can advise you on renewing your IT system in purchase, finance and IT departments. The new tax structure can have severe impacts on the day to day running of your business. To make the process smooth, a GST consultant in Delhi can be the right choice.

What are the services provided by GST Consultants in Delhi?

The number of GST consultants in India has gone high since the introduction of GST bill. Most reputed CA in Janakpuri provide GST consultancy too.

They will offer you expert guidance on sale and purchase of goods. They also help with GST registration and implementation of effective GST. That is not all, they will also train you about the knowhow and teach you the implications of GST laws.

Why hire A GST Consultant?

GST implementation is mandate for all organisations. Whether you are a start-up or been in the market for long, your business must be GST compliant. GST compliance is easier said than done and has unique challenges. Hiring a GST consultant in Delhi can make the compliance easy. If you are in the business since long, you will have to revamp the entire organisation to make it GST compliant. This makes it all the more important to have a certified consultant on board. They can help you revamp your IT systems, invoicing and financial reporting.

Call to action

www.manishanilgupta.com are one of reputed GST consultants for corporates in India. The company provides GST registration and other services at highly competent rates. Get in touch and they will be happy to share a free quote for your business! 

Read more info about the NRI Return filing  in India,Trademark Registration in Delhi and Accounting services in west delhi

Source:http://prsync.com/manishanil-gupta/why-you-must-hire-gst-consultant-3140952/

Three reasons why you need a CA for your business

While most people think a ca is only for tax returns and trademark registration in India, there are other reasons too, why they are important for your business

Chartered accountants do not enjoy a positive reputation in our country. It comes with many reasons. Most people are often unaware of the job of a chartered accountant. It is a common misconception that a CA is only for tax returns and company registration in India. This, however, is untrue. In fact, if you think believe that, you may be missing out on huge profits.

A CA, besides offering tax consultation, also acts as a vision for the finances of your company. They can act as an investment consultants and offer lucrative investment options.

Here are some more reasons to convince you why a ca in Janakpuri is important for your business:

1. They help you with law compliance

Laws about finances are complex and rigid. Hence, having an industry expert on board is a great idea. Most tax errors do not occur due to wilful practice but due to unconscious neglect and errors. The more your organisation grows, more are the tax compliance to be followed. Hence, it is important to have an expert to give you best advice and make your business law compliant.

2. A CA helps in controlling expenses

Most businesses make plans for growth of their company. But more often than not, mere ideas are not enough. They must be backed up by adequate funding. A CA firm in Janakpuri is vital as they help you with right budgeting to create funds that you need for future plans. Whether you are starting a new venture or been in the business for years, you may need big chunk of capital for future goals. 

3. They help you with audits 

Audits - the term itself makes even the best of businessmen jittery. These are important for your stakeholders to confirm that you are financial balanced. Doing so, with your in house accountant is not possible. In fact, an audit report must be signed and certified by a professional. Hence, it is a good idea to have an external expert on board to prepare your audit report with authenticity.

A chartered account specializes in financial matters. They have required knowledge to take your company up a notch. Whether you need budgeting advice or looking for trademark registration in Delhi, India, a ca is important. 

Call to action

If you are looking for a certified CA in West Delhi, get in touch with www.manishanilgupta.com for legal and financial advice.

Source: https://www.prlog.org/12786059-three-reasons-why-you-need-ca-for-your-business.html

Become a legal owner of your brand name with trademark registration

Trademark registration in Delhi is important for every business. The article explains the various benefits that your company gets with trademark registration. 

So, you have thought of a creative brand name for business and all geared up to launch it into operations. Congratulations! But do you know the brand name is prone to copy or stolen? Hence, trademark registration in Delhi is important when setting up your business. Every business has a well thought name for its products or services. This name is often decided with an emotion attached. This name helps you stand apart from your competitors too.

What is trademark registration in Delhi?

Trademark registration is the process of registering a brand name. This makes the organisation become a legal owner of that very name. Getting your name trademarked also gives you a right to use that name to promote your business in anyway. Anything can be trademarked - an alphabet, phrase, symbol, a letter or any combination of these.

What are the benefits of trademark registration?

1 . Trademark registration comes with a myriad of benefits. Besides offering a unique identity to your business, it helps your customers distinguish your brand from others.

2.If you get your brand registered, you can protect it from infringement. In today's competitive market, there are people who resort to unhealthy ways to get ahead. They may use a successful brand to tarnish the image. By getting legal ownership of the name, you can take a legal action against such malpractices.

3. A registered brand name helps in creating a goodwill among customers. It instils a confidence in buyers that you are selling a genuine product.

4. A trademark registration also helps in offering the important details about the organisation. This helps in further instilling more confidence in customers.

5. The process of trademark also offers a unique identity to your business. With legalizing your name, you get exclusive rights to promote your business. If your name is already registered, the same cannot be allotted to any other party.

As you can see, trademark registration in Delhi, is an important tool for business. To make your business successful, it is important that you give your brand name a unique identity. This helps you safeguard your identity and protect your brand from infringement.

Trademark registration is an important process associated with the business organization. To do a prosperous business, every organization must follow this rule. This will provide unique identity to the brand. Apart from this, it will help in spreading goodwill & protecting products from infringement.

Call to action:

www.manishanilgupta.com specialize in trademark and company registration in India. The firm also specializes in ROC filing services in Delhi. 

Source:https://www.prlog.org/12785211-become-legal-owner-of-your-brand-name-with-trademark-registration.html

Learn to read a P&L Report

Business is nothing but a cluster of many different tasks. If you have entered the business market, you may find a lot many tasks which are cumbersome. One of such tasks, often loathed by many business tycoons too, is finance. No matter how much you hate handling finances, you cannot take granted. There are many firms providing accounting services in West Delhi. They help you with many aspects of finances, like tax, balance sheet, audits and P&L accounts. 

A profit and loss account is nothing but a summary of your incomes and expenses over a period of time. The statement is being prepared often for a year. Whether you do your own finances or hire a ca in Janakpuri, it is important to know how to read the statement. This will help you understand the financial condition of your business. 

To help you understand better, here are the common parts of a P&L Statement:

1. Cost of Goods sold

This is the direct cost you incur in production of goods.

2. Operating costs

These include overhead expenses that you incur in daily basis of your business. These expenses may vary as per the product you deal in. Salaries, marketing costs and rent are some common inclusions.

3. Sales

As the names suggests, this means the revenue received from selling the goods. The goods here mean only the product you are dealing in.

4. Gross profit or gross loss

The amount left after subtracting cost from revenue earned. The gross profit reflects the profitability ratio of the company.

5. Operating profit

The amount left after reducing operating expenses from gross profit. It reflects the profitability of your business after taking into account all the daily expenses.

6. Other incomes/expenses

These are extra incomes or costs which are not regular in the daily operations of business. These may include an interest earned, earning from selling an old machinery etc.

7. Net profit before taxes

This is the most important component of P&L statement. It shows the profitability factor of your business after considering all expenses. The amount also includes the tax which will be paid.

8. Taxes

As the name suggests, it is the amount due for the company to pay. To know more about taxes, rebates and returns, you can consult a ca in Janakpuri.

It is vital that you are aware of profitability of your business. It is the first step towards becoming a sound businessman. The P&L statement can help you identify what led you to losses, costs going out of hand and suggest how you can improve.

It is also an essential aspect for banks and other lending institutions. A quick glance at your statement can help the banker decide whether to give you loans in future or not.

Call to action:

www.manishanilgupta.com is an experienced chartered accountancy firm in Janakpuri. The company is also one of the leading firm for NRI Return filing in India. 

Source:https://www.prlog.org/12783975-how-to-learn-to-read-pl-report.html

Pros and Cons of GST in India

GST - Goods and Service Tax, as we all understand, is applicable on purchase of a good or service. The tax application has replaced all other indirect taxes. Numerous taxes levied by Central and State Government are now replaced by a single law. The GST applies to manufacturer, seller as well as consumer. GST consultants in Delhi are aware of changes and implication and are ready to help you with doubts.

Understanding the benefits of GST

1. Transfer of tax liability

Indian tax system is one of the most complicated one compared to other countries. It has left quite a cascading effect. Since the tax liability was given to every next person in transaction cycle, it led to a significant increase in price of a good or service. GST has come as a solution to the same, and the burden of tax is now on the consumer. The industry can hence have a better control on funds and maintain a better cash flow. The elimination of transfer of tax liability is the biggest pro of GST bill.

2. Better control on tax evasion

Taxes can be complicated. The input tax, as per the law, is creditable to service provider only if the same is mentioned in their return. This ensures that the supplier is honest at the time of filing tax returns.

3. Better transparency

In order to utilise the benefits of GST, one needs to share all information in their paperwork. A retailer registered cannot have hidden costs. To become a registered retailer and avail these benefits, you can consult a top ca in West Delhi. 

4. Better support to small business 

Reduction in tax liability has made way for small companies to join the business league. There are many schemes under the GST bill that are fruitful for small companies.

5. Better threshold with GST

With VAT system, any company with a turnover of more than 5 Lakh had to pay due taxes. The threshold is now 20 Lakh, making it easier for small businesses to operate.

Understanding the Cons of GST?

1. High cost of operations

One of the biggest disadvantage of GST is the high operational cost of business. This is due to excessive training required for employees to help them understand GST. You can however simplify this by the help of GST consultants in Delhi.

2. Need for GST consultant in Delhi for every invoice

GST has made it easy for small businesses to become independent and successful. But it also needs them to have GST implementation for every invoice. This compliance needs them to have a professional on board all the time.

3. Decrease in tax exemption

The tax exemption is now decreased from 1.5 crores to mere 20 lakhs. This is not a good news for many indigenous manufacturing companies.

4. GST returns have to be filed online

While this may not bother a lot many of us, it is still a drawback for many people. The earlier taxes were done manually. it was easy for small business owners, many of whom were not very tech savvy. The online system needs you to upload invoices, this might be difficult for many people. If you are facing the same issue, you can get in touch with a ca in Janakpuri to help you file returns.

While it is a good idea to weigh the pros and cons of GST, it is something you cannot escape. The GST law is not complicated, but sure needs a thorough understanding. If you are new in business or GST seems confusing to you, GST consultants in Delhi are just a call away.

Call to action:

If you still have queries about the GST bill or its return filing, you can contact GST consultants. www.manishanilgupta.com are reputed advisors for GST return filing and registration.

Source:https://www.prlog.org/12782949-pros-and-cons-of-goods-and-services-tax-in-india.html

Benefits of company registration

What is a company?

A company is an intangible and invisible entity. It is created by law to perform business activities. It has a distinct legal personality and perpetual succession. A company is not affected by death, insolvency or insanity of an individual.

To have a legal identity, it is important to register your company. There are myriad of benefits of company registration in India, let us throw some light on a few of them! 

1. Company registration in India gives your company a legal identity

As far as law is concerned, the company is separate from its owners or partners. Hence, the company enjoys its own rights and handles its liabilities on its own. The company has its own personality and handles its legal obligations on its own. This ensures that the owners do not owe any liability to the creditors. If you want a hassle free company registration, you can contact a CA in Janakpuri.

2. Limited liability of the company

This is another important benefit that you avail by getting your company registered. The liability of partners or owners of the company, in a LLP, cannot exceed the amount of shares they own. Yet, there is an exception to the case. In case the owners have agreed to unlimited liability as per contract, they can be deemed liable. To understand these legal boundations, get in touch with a ca firm in Janakpuri and get reliable advice.

3. A registered company enjoys perpetual succession

Once you register your company, it enjoys perpetual succession. This implies the company does not cease to exist unless you dissolve it by law. Irrespective of changes in the organisation, the company stays. As mentioned before, the company is not affected by human factors. Members may come and go, but the company continues.

4. Easy transfer of ownership

When registration is done in the name of owner, the documents cannot be transferred. In a registered company, the owners are only shareholders. This makes it possible and easy to transfer ownership rights to someone else.

5. Company registration makes it easy to arrange funding

There are better prospects of fund borrowing in case of company registration. Besides loans, the company can issue debentures and receive deposits from public. There are many banks also, which prefer to give loans to registered companies.

Conclusion

Since company registration in India has so many benefits, it is a good idea to talk to a legal expert soon. After all you will enjoy various benefits and at the same time will be able to secure your finances.

Call to action:

Want to consult a company registration expert? www.manishanilgupta.com is an expert in a wide range of services.

They specialise in all matters related to company registration. Our professionals are known for offering unbiased advice. We guide you regarding fee, documents and the procedures to follow to ensure the process is quick.

Source:https://www.prlog.org/12781844-benefits-of-company-registration.html

Let these services not bother you anymore

Handling a business means you have to multi-task, whether your business is small or large. As an entrepreneur, there is a lot on your platter all the time. Whether you are into a selling business or a service provider, you may be able to handle a lot of tasks on your own. At the same time, there might be some tasks that you find boring or you may not have the expertise to do so. 

Financial and legal matters are one such segment. Even if you are good at finances, doing it yourself for the business can cost you a lot of time. This time can otherwise be used in core functioning of your business. That is where a ca firm in Janakpuri can come to your aid. Your CA can handle some cumbersome tasks so that your energies remain focused on core business tasks. 

Here are four indispensable tasks of your business that you can outsource to a ca in Janakpuri:

1. The important aspects of financial segment – Auditing

The mere mention of the word audits can give goose bumps to a lot many businessmen. We all dislike these audits, but a CA can perform it with utter ease. Since every limited liability company needs auditing done, it important to hire a CA. These audits are not only important, but also help investors make funding decisions.

A top ca in West Delhi can do so with ease. A CA will verify financial records, recording procedures and test safety measures used. It is important to remember an auditor must be competent and independent of your business. At the end of examination, he will publish an independent opinion and give a fair picture of your company. The report by the auditor gives a true image of the financial health of your organisation.

While audits are legal and important, they also help in improving reliability of company.

2. Get your taxes sorted by help of a CA firm in Janakpuri

We all know that a CA can prepare tax returns for business. But at the same time, they also ensure that the business is tax compliant with laws related to your industry. When required, a CA can also assist you in suggesting alternative ways to save taxes. When you hire a CA in Janakpuri, make sure he is up to date with changes in tax rules and structures.

3. Indispensable services of a small business

Most CA in Janakpuri provide bookkeeping services for small businesses. Besides setting up your book keeping system, they also help you in organizing records. They help with preparation of budgets, future forecasts as well as fund allocations.

A CA can help you have a better financial health, making it easier to procure a business loan if required.

4. CA can also offer management advisory services

A fact that you may not be aware of, but a CA firm in Janakpuri can also assist you in management advisories. Some example of such services are costings and financial decisions like equity funds.

Many CA also help in important business decisions like expansion of business and help in overall growth of the company.

So, hiring a CA firm in Janakpuri for mere accounting services is a things of the past. He can set you free of cumbersome business tasks that use a lot of time and energy. Outsourcing all this to a CA means you can have experts on board so that you stop worrying and focus your energy on business functions.

If you need a reputed CA in West Delhi, www.manishanilgupta.com can offer you a wide range of financial services.

Source: https://www.prlog.org/12781540-let-these-services-not-bother-you-anymore.html

Company registration mistakes you should avoid

Registration of a new company is quite a task, and, if you are a start up, then the process can get trickier. Every year many start-ups apply for Trademark Registration in Delhi but few are able to get it done. Reason why many fails to get them register is they all are doing it in wrong way and end up paying a huge price. 

Well, don't stress you can register your company without facing any difficulty. We are here to guide how you can avoid common mistakes that a lot of start-ups make during Roc filling in India. 

Pick the right legal structure

When you register your company, you have the choice to pick one of the following entities:

Limited Liability Partnership (LLP)

Limited Company (PLC)

One Person Company (OPC)

Sole Proprietorship

Partnership

It is important to understand that every kind of entity comes with its own rules and directives. Well, these are being regulated by specific set of legal restrictions to follow. Before going for registration, it is important for you to consult an expert. There are professionals in ROC filling in India available who can guide you to understand what fits your bill.

Safeguard intellectual property with experts in trademark registration in Delhi

As you go ahead in your business, your brand and idea will be visible to more and more people. So, it is common to see someone else stealing the idea or a concept and promote and sell it as their own.

Hence, it is important to protect your idea and for that you have get Trademark registration done. You should consider it like an investment and get it done for every intangible asset of business.

So, getting trademark registration keeps you safe and provides competitive edge. You can get trademark for logos, domain name & Labels, etc, and become trend setter in the market.

Being unaware about taxes and laws

There are so many taxes and laws in this current scenario. When your business start spreading its wings then you will have to face all the consequences in your way. Well, if you want to deal with them then you must get in touch with a professional chartered accountant. Give these things in their hands and you focus on your business.

Are you thinking to get your business registered in a legal way? Well do not think twice, hire professionals for Trademark registration in Delhi.www.manishanilgupta.com is one such trustworthy organisation who can guide you. So, make a call to them and discuss your concerns with them.

Source:https://www.prlog.org/12780986-company-registration-mistakes-you-should-avoid.html

Why a good CA firm is an asset to your business?

There are many entrepreneurs whose business fail within first two years. One of the common cause of these failures is bad financial decision. yet, many business owners still don’t realise the important of hiring accountants. Most of the ones who hire an accountant, consider it to be an unwanted expense rather than an investment since they fail to realise the knowledge and experience that a professional accounting service in West Delhi can bring to your business.

There are many accountants and CA in Janakpuri that do much more than tax filing. While it may feel a bit daunting to allow an outsider to access your intimate information, but bringing an accountant on board can help you to achieve your goals and offer you long term benefits. Hence, an accountant must be considered an asset to your company instead of an expense. 

Still not convinced? Here are some more reasons that will convince you! 

1. Get all your deductions

Taxes are a complicated matter for any business. While most businesses spend months thinking about how they can benefit from their deductions, they may still be rendered clueless with all the complexities involved.

This is where an accountant can support you by identifying deductions possible all-round the year and suggest you with strategic decisions. This becomes all the more important when you have NRI taxation to take care of. Thankfully, you can now hire accountants for NRI return filing in India to help you stay sorted.

2. Accounting services in West Delhi can help you in avoiding an audit

One very important reason to hire an accountant is to avoid audits. Many businesses think these issues can be fixed once they occur, hiring an accountant can help you avoid them in the first place.

3. They help you save time

Many business owners don’t hire an accountant due to a tight budget. But if you consider the amount of money, time and effort you will save by using the services of a ca firm in Janakpuri, the benefits are sure to outweigh the costs.

4. Make decisions in real-time

Most business owners want to calculate possible consequences and implications of making financial decisions like investing in a new office or hiring more employees. Accounting firms in West Delhi can also act as your financial advisor to help you in maintaining cash flow and making sound financial decisions.

It is true that life as a business owner can be isolated, especially if you have unending receipts and invoices to take care of at the end of every month or year. But, it does not have to be like that and things can change by the help of reputed accounting services in West Delhi. bringing on board an accountant as your financial partner can set you up for saving your sanity and last success of your business.

If you are on the lookout for an accounting firm or a financial advisor for your business, www.manishanilgupta.com may fit the bill for you. The team of experts offers tailor made solutions to your particular needs and are thorough professionals in their trade.

Source:http://prsync.com/manishanil-gupta/why-a-good-ca-firm-is-an-asset-to-your-business-3088079/

Why you should hire a CA even if you don’t own a large business?

You may not find filing your own taxes difficult and you may be able to manage a small business on your own. But, there are still some situations wherein you may highly benefit from hiring a certified CA in Janakpuri. The money that you spend in hiring a CA must be considered as an investment rather than an added expense. Here are some common situations where you may benefit from hiring a CA or an audit firm in Delhi. 

1. You have complex taxes 

You may feel reluctant to hire a CA and hand over the task of handing taxes. But in all honesty, taxes can be complex and if you are a self-employed professional, get income from multiple streams or are receiving investment income, a top CA in West Delhi may come handy. A CAcan help you in navigating the taxes properly so that you don’t pay anything more than you owe.

2. You are planning to start a business

If you are planning to start a business any time soon, chances are you may want to do everything on your own to save as much money as possible. But, it is important that you don’t cut out the budget for CA. A certified CA will ensure that all the financial and legal preparations are done properly before the launch of the business.

3. You need help with budgeting

If you are in debt and need to improve your credit score, a CA in Janakpuri can come to your rescue. While you may not feel like spending a penny extra to hire a CA, a professional can largely help you set foot in the right direction. A CAcannot just gives you budgeting advice but will also help you in setting up a plan so that you become debt free asap. 

4. You have received a large inheritance

Not everyone is lucky enough to receive a large inheritance. But, if you have been lucky, it may not be as simple a transaction as you may think. Without a required guidance, you may have to pay an exorbitant amount of tax and the same can even lead to an increased tax rate in future. A CAcan guide you how to reduce the taxes that you need to pay in future. The cost of CA when hired for inheritance may vary based on complexity of your case.

5. You want to give a huge some of monetary gift

Not just receiving, but even giving a large inheritance may come with financial implications. A CAcan help by advising different ways of giving the gift like making a charitable donation, using retirement funds in order to minimise the gift tax you will have to pay.

Now that you know the benefits of hiring a certified CA in Janakpuri, will you hire one for yourself? How much are you willing to pay? Do let us know your thoughts in the comment section below!

If you are looking for a CA for personal taxes, look nowhere. www.manishanilgupta.com are subject matter experts in handling personal taxes and company registrations. The team of experts is known for its tailor made solutions for every client.

Source:https://www.prlog.org/12778735-why-you-should-hire-ca-even-if-you-dont-own-large-business.html

Income tax returns: who should file them?

Filing income tax returns is mandatory for anyone earning a certain amount of income. So, if you ask who should file an ITR, the answer would be anyone and everyone who is earning an income from their job or business.

  

Sub-headings

When to file an income tax return:

In order to avoid penalties, income tax returns must be filed within the pre-defined due date. The date for filing an ITR for individuals is 31st July every financial year. The same for businesses is 30th September.

 

While some people feel filling an ITR is a tedious job, it can be done by experts in ITR filling in Janakpuri.

Advantages of income tax return filing in Delhi or anywhere in India

Filling an ITR comes with a myriad of advantages:

1. Filling an ITR makes you a responsible citizen of your country.

2. If you are planning to procure a home loan in future, this can boost your credibility.

3. Many credit card companies ask for ITR proofs before they issue you a credit card.

4. Since the income you earn is recorded by tax department, it makes it easier for people to re-enter into future transactions with minimum complications.

5. In case if you need to claim an adjustment against past losses, it is compulsory to file a return. It is also useful for someone who needs to file for a revised return of income.

Why should you file in income tax return?

Even if your income does not qualify for tax deduction or mandatory return filling, it is still a good idea to file a return due to various reasons. For example, these returns can serve as an income proof if you wish to apply for a loan as a co-borrower. IT returns are also helpful if you plan to travel overseas as you may need to show these at the time of visa application.

Who should file an income tax return?

1. Anyone with a gross income over and above the exemption limit for the year must file for an income tax return. At present, the limit is 2.5 lakh for individuals below 60 years of age, 3 lakhs for those who are 60 to 80 years in age, and 5 lakhs for people above the age of 80 years.

2.NRIs are also required to file ITR, unless they are covered in 115ac having taxable income. You can check further details from providers of NRI return filing in India.

3.Individuals who have suffered a capital loss or loss in business.

4.Any resident of India who has a signing authority in an account internationally.

5. Any individuals having a taxable income before making deductions.

6.Any person claiming relief under section 90 or 90A or deductions under section 91.

7. Any individual who does not have a taxable income but deposited TDS must file for an income tax return.

Income tax return filing in Delhi can now be done online, which makes the process quick, easy and hassle free. There are different forms pertaining to different criteria. If you still don’t know where to begin, you can always take help of specialists in ITR filing in Janakpuri. 

Call to action:

If you are looking for someone to help you file an ITR or merely guide you through the process, www.manishanilgupta.com are the right people to get in touch with. The team of financial experts will not just help you file an ITR but also guide you through various financial decisions which will benefit you and your financial health.

Source:https://www.prlog.org/12778103-income-tax-returns-who-should-file-them.htmlhttps://www.prlog.org/12778103-income-tax-returns-who-should-file-them.html

How to choose the right CA for your business?

Essential aspects to be considered by a business to pick the right ca firm in Janakpuri.

So, you are planning to hire an accountant for your company. Needless to say, you must be aware that a CA firm in Janakpuri does a lot more than just counting numbers, filing taxes and handling payroll of your company.

A CA can also help you in charting out an effective financial strategy for coming years while at the same time maximising your odds of success in near future. Yes, a top ca in West Delhi can do all this and lot more.

Here are some tips to find a ca in Janakpuri:

1.Know what you want from your ca firm in Janakpuri

It is important that you first decide what you exactly need from your accountant and whether hiring an internal or external accountant will be beneficial for you. While some businesses prefer to hire in house accountants, they realise a single person is incapable of handling large transactions once the business grows. Some small businesses hire a CA on consulting basis which costs less than a full time accountant.

Another crucial aspect is to understand what you need an accountant for. Not every accountant specialises in same niche. So, check and analyse whether you need someone for book keeping purposes or taxation or to help you with legal aspects. If you hire a top ca in West Delhi, you will be surprised with the number of services you can avail.

2.Decide if location is an issue

In this highly connected world, it is not important that your accountant be in the same locality, city, or even same country as you. With such high number of cloud accounting software that help in managing business, you can now hire a ca in Janakpuri irrespective of where you operate from. You and your accountant can stay connected as long as you have a good internet connection and share the information you need.

3.Look around

Once you know what you want and where you want, you can now begin searching for your CA. But where exactly can you find one? Well, a good idea to start with is asking for referrals from friends, relatives and business associates. Check what they like or dislike about a certain firm and what does the firm do differently?You can also take help of search engines and find some reliable leads to interview with.

4. Prepare for interviewing

Once you are done selecting a couple of firms, you can prepare for meeting with them in person or over a skype call. You are not just looking for an accountant, but a business partner who will affect the success or failure of your business, hence, it is vital that you get this step right. It is important that the firm you hire is trustworthy and reliable. Go ahead, and ask as many questions as you want.

Check the responses to your queries, and see if you can trust them with such intimate details of your company. If you think the answer is yes, go ahead or else move on in your search for right CA. It is better to take time and find the right person rather than making a hasty decision. The right ca firm in Janakpuri will not discourage you for asking questions and that is a good clue to go with.

If you are also on the lookout for CA services for your business, you can get in touch with www.manishanilgupta.com and get reliable financial and legal services for your firm. We have a team of experts for every department and hence, you can ensure that your business is in trusted and right hands.

Source:https://www.prlog.org/12777533-how-to-choose-the-right-ca-for-your-business.html

Is it mandate to file an ITR if you don’t incur any sales?

Not every business begins operating well in their initial years. This may have several reasons, losses being one of them. At this stage, the business owners try to spend as less as possible and hence the question of fulfilling compliances is often unanswered. So, does one need to file an ITR and annual compliance if the company incurs no transactions?

Well, to be precise, yes. There is a simple logic behind the same. in order to prove to the ministry that you did not incur any transactions, it is important to file reports. This is why filing compliance is mandatory for all businesses.

The compliance can be divided into following three parts:

1. Accounts and Audit

Even though there has been no turnover or profits, the book of accounts must always be updated. It includes all the transactions incurred by the company in the particular financial year and consist of rents, salaries, preliminary expenses, preparation of balance sheets and providing the financial position of the company.

Likewise, auditing is mandatory for any company that is incorporated in India. Whether you have incurred any profits or losses, the appointment of auditory is compulsory by law. Pertaining to the same financial statements, ITR and annual compliances are formed.

2. Income Tax Return Filing

Filing an ITR is also important and a compulsory requirement and has nothing to do with taxability of your income. Just like auditing is applicable to all Indian companies, ITR is also a mandate. The last date to file an ITR is 30th September for every financial year and a delay in the same leads to a late fee that can go as high as INR 10,000.

3. Annual Compliance

For any Private Limited Company, an annual compliance follows after yearly audit and annual general meetings. It includes filling up of forms and the members are bound to adopt to financial statements which will be uploaded with MCA in a stipulated time.

in order to avoid hefty penalties and delays for your business, it is better to fulfil compliance in the said time period. Whether your company does zero business or ranges in millions, the list of compliance by government must be fulfilled. There are many CA firms in India who will be helpful to you whether you want audits, file compliance or need help you file the ITR.

If you are looking for a company to file annual compliance for your company , feel free to connect with www.manishanilgupta.com . the team will not just help you in compliance, but also guide you for ROC filling fee in India and NRI taxation in India.

Source:https://www.prlog.org/12776390-is-it-mandate-to-file-an-itr-if-you-dont-incur-any-sales.html

Importance of an Independent Company Audit

What Is Auditing

Auditing is a process of confirming and providing assurance services that the process of recording, collecting and valuing financial transactions adheres to standard of rules and regulations. It helps in finding whether the financial statements of the said company are accurate and free from deceit. 

Why Auditing Is Important 

Discovering frauds or errors

Since a company audit involves a detailed verification of records of accounting, it helps immensely to find frauds and errors and promotes a check on working of employees through which their efficiency can be checked. Not just that, an audit can help in motivating the employees to maintain their efficiency which helps in improving performance. It these audits that help in identifying manipulation of records.

Effective Tool for A Business Management

An audit can prove to be an effective tool for business management since it is conducted to ensure that the policies are being followed and rules are being adhered to. This also paves a way for unique ideas for improvement and to formulate the future policies of an organisation. It is also helpful for the management to review the policies on timely basis.

Gain Confidence in Investors and Shareholders

Investors and shareholders have a high stake in your company, even if they do not get involved in day to day running of your business. Audit is a great way to gain the confidence of these stakeholders.

Since the audited statements are useful enough, the stakeholders can decide whether they want to invest in your company or not.

If you are looking for accounting and audit services in Delhi, then you must evaluate the firm not just on its name but also experience in the relevant industry. Do not forget, an audit is a long term process can often take weeks or months as per the complexity and size of your business operations. After the company has completed audits, they will prepare a report. You can find income tax consultants in Janakpuri to help you with efficient audits. These companies can also help you with many other services like GST return filing in India.

Source:https://www.prlog.org/12775677-importance-of-an-independent-company-audit.html

How Does Chartered Accountant Add Value to Your Business

The finance and tax laws are regularly revised by government in order to address the needs of our dynamic economy as well as commercial issues at both national and international level. It is no surprise that it is impossible for a business to keep a track of these changes which makes the services of accounting firms more and more important. Most CAs are well trained to manage the business finances.

So how does a professional chartered accountant add value to your business regardless of the stage of progress?

Prepare The Right Blueprint

A CA can help you with blueprint of your business plants. Even if you come with immense experience in launching a business, these accountants have a deeper understanding of all financial matters and hence can set right plans. They are well versed with NRI taxation In India and can help you with the complicated process of company registration in India. Of course a good CA does not come cheap, but it should be considered as an investment rather than expense. 

Financial Predictions

While most investors and managers are busy with business expansion and formulation of marketing strategies, a professional CA will ensure that the business accounting and records are well consolidated into the financial prediction of the business for next year.

Tax Returns and Savings

Filing a tax return may be a piece of cake for you as an individual, but doing the same for your business can be extremely complex and time consuming. A CA who is skilled with such issues can ensure you focus on your business and save a lot of amount while filing your tax returns on your behalf.

Budget Assessment

Another vital step in running of a successful business is deciding on the budget for future, whether it is the next quarter or current year. If you get that wrong, you may be burdened with a huge liability to pay off. Hence, a tax accountant is a must for your business as they help you successfully plan the entire budget and ensure that there is no excess.

Besides the above mentioned facts, a CA can do a lot more like helping you with audits and ROC filling fee in India. When looking for a chartered accountant to manage your money, it is important that you take your time and make a wise decision. 

Source:https://www.prlog.org/12775004-how-does-chartered-accountant-add-value-to-your-business.html

All you need to know about services of a Chartered Accountant in India

In a considerably short span of time, India has emerged as a strong financial entity. India is expected to become a financial super power in the coming few decades. This transition has given birth to many new industries being formed, Chartered Accountant services, being one of them.

Indian tax system is known to be one of the most talked about and yet a complicated system in the world which needs expert services of a ca firm in India. 

Here are some services primarily provided by these firms: 

Audit and Assurance Advisory Services

Some of the key services pertaining to audit are statutory audits meant for corporates, internal audits, GST audits and tax audits for different sized firms and individuals. These audits play a vital role in ensuring a healthy financial management system irrespective of the size and operations. Needless to say, the service needs quality expertise.

Management Assurance Services

Considering the growing competition, internal audits is one of the primary factor in order to sustain the steep competition. Hence, a deeper understanding of services like review of internal control and management information system are vital from the strategic point of view.

Corporate Law and Secretarial Services

CA services in India also include special services like investment planning, formation of will and trust, insurance advisory, corporate personal financial planning and investment planning. Most of these firms are happy to offer these services to NRIs too. corporate law services like legal and secretarial services like formation of company to legal matters with government agencies are all taken care of by CA firms in India.

Taxation

Taxes are one of the key aspects for a company and an expert tax consultation form will look into the aspects of income tax assessment, fringe benefits, GST and services taxes.

Many other entrepreneurial services, secretarial and accounting services, NRI services, etc. are some of the services you can avail from a CA firm in India. There is no doubt that these range of services are not just impressive but also extremely beneficial for a corporate client as well as for an individual.