Audit Tax Consultants
Tax audit is done by auditors under the section 44AB of the income tax act. In the case of non corporates, they are needed to get a tax audit report from an auditor or a chartered accountant. Currently there is a limit of About Rs. 4 million under the section 44AB of the Indian income tax act of 1961. This limit applies to every one whose revenue generated from his businesses is greater than the figure indicated above. A tax audit is basically a routine procedure that is carried out all over the country. There is no need to get anxious worried or paranoid about your tax audit.
The audit can be done because of some irregularity in the returns but more often then not the tax audit is carried out purely on a random basis. But you need not get worried for there are a large number of tax audit consultants who will offer you advice and consultation at this point of time. The income tax department may choose a policy of selecting random cases for tax audits. In such a case the tax payer is simply expected to bring in the required documents needed for the audit.
A tax audit consultant will help you get the papers in place, will decide what are the necessary documents to be produced and will ensure that the tax audit which gets conducted is a smooth procedure for the client. The tax audit consultants also have the knowledge of what ought to be done in such cases and hence are able to handle them in an efficient and smooth manner. Thus it will be advisable for you to contact a tax audit consultant in the case of a tax audit being done.
The consultant that are certified or have some diploma in tax advisor practices are known as
In India Chartered Accountant (CA) is the one who is licensed and certified for tax consultancy. A chartered account has a mere knowledge of the tax system and all the laws. The steps satisfied above are well satisfied in training of CA’s. He/ she are the one who is ace in taxation, accounting and internal as well as external auditing. Now-a-days they act as manager or general of a person’s or organization’s finance because he is the one who is only acceptable as an auditor in companies in India.
Along with your tax consultants, parents, friends and other office colleagues the latest addition to this ever increasing list of tax advisors is none other than the online tax consultants. These include various sites, blogs, forums and other private tax consultancy firms which provide you with all the necessary information related to the Indian Tax system.
There have several firms which have been established to provide their customers with online tax consultancy. One such firm is Ahuja Tax Consultant which is situated in the pink city of Jaipur. A few of the many services which they provide are 24 * 7 hours online tax consultancy, guidance on various topics such as customs, service tax etc. the website of this firm is
The corporate tax is direct tax; it is a type of an income tax applied to corporate, companies, industries or business. There are many corporate tax consultants available in India, these are as follows:
Writing off companies assets
Tax consultant companies have sprung up all over the country. Tax consultant firms can now be found all over the country in most of the major cities like Delhi, Mumbai, Chennai, Bangalore, Hyderabad, Kolkatta, Pune, Ahmedabad, Chandigarh, Nagpur etc. Tax consultant companies generally have a number of tax advisors or tax consultants who offer advice to clients seeking information.
The chamber of income tax consultants in India is a body of professional tax consultants. The main headquarters of this body is in Mumbai. The chamber was formed in the year 1926 and since then has been one of the oldest non profit organisations in the country for the last eight decades. The objective of this organisation is to educate and keep updating its members on the direct tax laws or any changes in the direct tax laws that have come about in the recent past. The organisation has more than 2500 people as a part of it. These professionals range from being chartered accountants, tax consultants, tax professionals, lawyers, paralegals, advocates and others. Some of the biggest names in the industry are a part of this organisation.
There are a large number of Service Tax consultancy firms which are situated in the various big and small cities and towns of the country. A few of the Service tax consultancy firms which are present in India have been given below:
Rishi Madhur and Company, Bangalore
Accin Management Services, Inc., Coimbatore
There are a large number of Professional Tax Consultants which are situated in various parts of the country. These Professional Tax Consultancy firms have been listed below:
Jagriti Impex Consultants Pvt Ltd
As the name suggests Property tax is the tax that an owner of a property has to pay. The property tax thus depends on the value of the property. In India property tax is collected on an yearly basis from the owner of the property. Thus if you lease out a property to a tenant it is still you who is liable to pay the property tax and not the tenant living in the house. This law is different from the law in many western countries.
Thus property tax consultants can deal in residential properties, commercial properties as well as land. Property tax consultants thereby help their clients in filing their property tax returns to the government. Since the property tax consultants have the knowledge of poverty tax on the whole, they are able to help their clients in reducing the amount of tax that needs to be paid and also the amount of time needed in order to file the property tax returns thereby helping the clients in filing the right amount of property tax and before the required deadline of filing the tax.
Income tax is nothing but a tax which is levied by the government of a country on the income that professionals, corporations or other legal entities in the country. An income tax consultant or an income tax advisor is nothing but a person who helps you in filing your income tax returns every year. Income tax consultants can start their companies or firms or can also cater to their clients individually. Income tax consultants are in great demand as companies and large corporations need their advice while filing their income tax returns to the income tax department.
Thus the understanding of which income tax slab the person’s income falls under. The parts of the income which are taxable or non taxable, the components of the income which can be made non taxable by producing relevant documents are a few things which the income tax consultant helps out with. Another important thing that the income tax consultant helps you out with is filing of the income tax returns before the deadline else you may be asked to pay a certain fine. Hence the tax consultant should have the knowledge of such things and he should be able to suggest to his or her client the best possible way of filing income tax returns to the income tax department.