Why You Must Hire Tax Litigation Lawyer in India?

Taxation is one of the most important field under the legal services in India, it can be handled only by highly qualified, skilled and experienced Taxation lawyers.

Another branch that comes under the legal services and that can only be handled by professionals is tax litigation, it is the process of taking any legal action due to tax related laws, here two parties are involved, one is the tax payer and other is the city or the state.

Benefits of Tax Litigation

o    It reduces the number of court trials.
o    Reduces the amount of money/fee invested.
o    Saves times.
o    Saves property from getting sealed.

Tax litigation is a difficult period for the company/firm because in its proceedings the company’s name and assets all are at a big risk.  Many amongst us are unaware of the laws and procedures of tax and litigation procedures and this is the reason why most of them loose their cases in the court thus face big losses.

Solution for Tax Related Queries

Legal disputes are very stressful and demand a huge investment of money, the only solution to get rid of tax related issues is to hire tax litigation lawyers, and these are professionals who have through knowledge of tax litigation procedures. They in any situation makes the candidate win their cases only after complete evaluation of the case.

Benefits of Hiring Tax Litigation Lawyers In India

Tax litigation lawyers are well aware of all types of taxes, they make sure that the concerned party wins their cases even if they are in their worst condition. What are the benefits of hiring these lawyers?

o    They protect the concerned company and their customers from big losses.
o    They preserve the brand name of the company for which they are fighting the case.
o    Advice their clients on both tax and non-tax related issues.
o    Represents their candidate well during the on-going litigation procedure in front of other legal entities.
o    Help in the strategy of case representation in front of court.
o    Guide their clients how to present themselves before the revenue officer.
o    Also, help in filing of application in front of the Authority of Advance Rulings.
o    Provide help and guidance in international tax issues also.

The litigation expertise of such lawyers cover a range of sectors including banking, automotive, construction, health care, real estate, media, and other professional services. Such lawyers are pioneers in their field thus it is always beneficial to hire such lawyers for every legal issue.

Content resource from - https://www.taxadvocateindia.com/tax-litigation-and-tax-controversy.html

Income Tax Return Filing In India: Procedure And Other Details

Income tax return or ITR refers to a legal document or form where an individual is supposed to provide all the necessary and required information about his income and tax.

Under the Income Tax Act, 1961 and Income Tax Rules of 1962, all the Indian citizens are obligated to file return with Income tax department at the end of every fiscal year. 

Procedure to file ITR

Documents required -

• PAN card 
• Aadhar Card or other identity.
• Details of the bank account you use.
• Form 16 
• Investment information and details. 

Steps to follow:

• You can easily find the authorized site online and click on Form 16. 
• Carefully enter all the General Details such as your name, Pan, date of birth as well.
• Then, comes the Salary Details section. Here, you have to start from filling the name of your employer and choose the type. 
• Make sure to click on the right fiscal year before you start filling the form. 
• In Salary Details section, next step is to provide the necessary information of your TDS and salary as well. 
• This is followed by entering the detailed break up of your salary like- Value of Pre-requisites, Profits in Lieu of Salary, etc. 
• Then you will arrive on the next section which is- Details for Claiming Deduction. In this section you have to enter all the required details for all the deduction which needs claim. These deductions include- LIC, PPF, and other tax benefits as well. 
• If you have kids, then you can also claim benefits on their tuition fees under Section 80 C of the Income Tax Act, 1962.
• Next step is again a very important one to follow. In the next section of the Form 16 you need to fill all the information of taxes paid according to the income tax compliance in India. If you possess any non-salary income such as freelance income or income based on any interest, then you need to carefully add the information of taxes which you have done already. 
• Next step is to simply fill your bank details, and then move on to the next section which is- e-filing. 
• This step finishes the filing procedure. But, if you want you can further click on the e- verify tab. In fact, you must get the e-verification done. 
• Then click on the final Submit tab.

If you fail to file the ITR on time, for any given fiscal year then you can simply pay a late fees of rupees 5000 and then do it. The last date for late filing expires on 31 March for any fiscal year. Hire the best income tax consultants to get the best services.

Content resource from - https://www.taxadvocateindia.com/blog/income-tax-return-filing-in-india-procedure-and-other-details.html

Why Should You Hire GST Consultants in Delhi

The latest and the biggest tax reform that our country has witnessed is the GST i.e., the Goods and Services Tax. The prime motive behind this implementation is to bring about a greater extent of development. GST came into effect on 1st July 2017. The bills that are associated with GST are (CGST) Central GST, (UTGST) Union Territory GST, Bill to Compensate States, (UTGST) Union Territory GST.

The GST implementation came with a few challenges and confusions for almost all the businesses- the best assistance for the same can be provided by the Tax Consultants in Dwarka, Delhi.

What exactly is the role of a GST Tax consultant?

A GST practitioner is an individual who is certified by the government in order to carry out various activities related to taxation on behalf of the individuals or the businesses liable to pay taxes. Some of the key roles of a GST expert are as follows: -

•     Presenting the application for a new GST registration.
•     Implement changes or provide for cancellation of any registration.
•     Furnish details about outward or inward supplies.
•     Making various payments such as tax, interest, fees, penalty etc.
•     Filing GST returns- monthly, quarterly, annually or final.
•     File refund claim.
•     Filing an appeal towards the Appellate Tribunal and Appellate Authority.

Who can practice as a GST Consultant?

Some mandatory characteristics of a GST practitioner are as follows: -

General

He/ She should be an Indian resident, must be insolvent and should not have been held for any crime that involves jail for more than 2 years.

Educational

The individual should be a retired officer from the state/ central Commercial Tax Department of excise and customs. Also, he/ she should be a Group B gazetted officer at least who has served for a minimal of 2 years.

Or

Holds a graduation/post graduation degree in Commerce, Banking, Law, auditing, business administration or management from any recognized college or university.

The primary benefit of hiring the, Delhi is that they are experts in their work and help you to simplify various complexities associated with the GST returns.

They enable you to file your returns on time in order to avoid any sort of penalties and also deal with the taxation activities in a professional way. GST Consultants in Dwarka also help you to resolve any queries in this regard and also make you understand any GST related changes that are likely to occur in the near future.