Need for Tax Consultancy in India

Tax laws are very complicate in India .On the top of it, the government of India, passes several notifications from time to time on various section of the tax law .It becomes extremely difficult for the common person to study the not so easy language of the taxation subject and keep himself abreast of the latest changes or additions in the law. Without the professional help, and that too of the highest order, common person cannot pay the various taxes. A small businessman has to deal with taxation constantly. The filing of taxes itself requires dealing with several forms. All this can be made simply only with the tax consultations from professional tax consultants. Tax consultants’ helps in filing of income tax returns, TDS returns, provide consultancy on tax matters, tax planning and saving. They also help an individual to make PAN card, maintain tax records, and help in dealing with tax authorities and tax deduction account number.   

Tax consultants also Income Tax Consultant in Delhi NCR help individuals and small businesses especially, to fill tax returns in quarterly, half yearly and yearly basis. Since these filling contain lot of paper work, The small business owner cannot handle all these tax matters without any tax advice. The tax compliance is such a lengthy and paper work process that no one can fulfill all conditions without advice from experienced tax consultants. Because tax compliance must be done regularly and with punctuality that sometimes, one fails to remember the date of filling of certain papers. The professional handle this job better as their full time job is to keep the account record of all their clients up-to-date with. The lack of tax compliance can get heavy penalty and in some cases prosecution. That is why, the safest method is to hire the tax consultant and give all tax related jobs to them at some cost.

Before filling of returns, huge amount of data needs to be audited. Audition cannot only be performed by tax consultancy people with trained staff. It requires labor and knowledge to audit all accounts books for filling returns. This work increases with increase in business. So the need for tax consultants increases in every rise in sale and profit.

  

Tax consultants combine the VAT Consultants in Delhi NCR services of various professionals like expert lawyers, charted accountants, and tax professionals and economists to provide comprehensive solution to all money matters. The various schemes launched by the government of India to save tax can be taken to reduce the tax burden. The knowledge of these schemes and how to use them comes only from tax consultants.

The calculating values added tax can be cumbersome for busy individual businessman. The reason is that VAT is not calculated under single legislation. Different legislations are used under which the tax on goods and services are imposed. Some 21 states of India have replaced local sales tax with VAT, while other continues to impose sales tax. Tax consultancy gives clarity on all these matters.