Income Tax Department Lists Norms for Faster Tax Refunds.

The CBDT has issued guidelines for expeditious tax refund of up to Rs.5000 in cases where the department wants to adjust the refund with a pending demand, which has been contested by the assesse. The CBDT, further said where the tax demand has not been contested by the assesse, the CPC would issue a reminder to the tax payer asking to either agree or disagree with the demand and submit response on the e-filling portal within 30 days. Tax consultant in India

Tax returns deadline not extended

Authorities have cautioned taxpayers about a fraudulent order extending the date for filling audit report and return of income for 2015-16. The income tax department has clarified that circulation of a fake order dated September 26 for extension of due date for filling of audit report and return of income for assessment year 2015-16 is fraudulent, a government statement said.

The government has not extended the due date for filling of returns and audit report due by September 30.2015 tax payers and practitioners are advised not to give any credence to the fraudulent order. The fake order extends the due date for filling of audit report under section 119 of the Income-tax Act to October 15, 2015.

 It is clarified the order is fraudulent. The government has not extended the due date for filling of returns and audit report due by 30^th September 2015. Tax payer and practitioners are advised not to give any credence to the fraudulent order chartered accountant in Delhi.

Read more at: http://timesofindia.indiatimes.com/business/india-business/Tax-returns-deadline-not-extended/articleshow/49146440.cms

Duties and Responsibilities of a Tax Consultant:

Tax consultants, referred to as tax advisers and are trained in tax law. They understand the regulations regarding business and individual taxes and advise clients on how to comply with both federal and state tax legislation.

Tax consultants provide their clients with financial and tax-related advice. They meet with client over the phone and-in person to discuss their clients’ tax situations. They educate their clients on tax options, including how to legally lower tax liability or how to compare taxes bases on their investments, Tax consultants might prepare and complete client tax returns and assist clients in finding the right deductions, credits and adjustment based on their financial situation. Tax consultants must be well-spoken and have excellent communication skills they deal with clients and other professionals on a daily basis. Ruchi Anand & Associates is a company of Tax advisor Ritu Anand & working as a tax consultant in India, tax consultant firms in India, Internal audit services in India, Risk advisory services in India. You can also join Ruchi Anand & Associates for consultancy and taxation related for your Company.

Service Tax Guide for Indian

Service Tax is a Tax which is paid by the provider of service. Any person whose revenue from providing of any type service (Whether Consultancy Risk advisory, Audit service in India and other service etc. During the year is more than Rs.10 lakh is liable to pay service tax as per the Tax rates prescribed by the Govt.

The current service tax rate is 12.36% (will be 14% from coming year), and the govt keeps the changing this rate in the budget announced every year. Service tax liable to be paid to any service rendered by any person in India. Ruchi Anand & Associates is the prominent chartered accountant in India. They handled tax and accounting services related matters very carefully.

10 best tax-saving investments

Multiple options. Contradictory advice. And a deadline that's approaching fast. Many taxpayers find themselves in this situation at the beginning of the year when they have to make tax-saving investments.

Are you also confused? Before you make a choice, go through our cover story to know which the best option for you is. We have ranked 10 of the most common investments under Section 80C on five basic parameters: returns, safety, flexibility, liquidity and taxability. Every investment has its pros and cons. The PPF may not have a very high return, but its tax-free status, flexibility of investment and liquidity by way of loans and withdrawals, gives it the crown in our beauty pageant. Equity-linked saving schemes come in second because of their high returns, flexibility, liquidity and tax-free status. However, traditional insurance policies, an all-time favourite of Indian taxpayers, manage the ninth place because of the low returns they offer and their rigidity. Ruchi Anand & Associates is the prominent Tax advisor in India. We provide Audit and Assurance services in India, Risk advisory services in India, Internal audit services in India for improving your financial efficiency accuracy and stability.

Managing business finances: Zero-based budgeting:

As businesses have to operate in a very volatile and competitive environment, controlling expenditures and managing finances will always be a key priority Audit services in India - some might allude it's a problem-area for most organizations. Simple yet essential things like travel expenses often balloon up over time, wasting money that could otherwise be used to foster innovation and growth. 

Ruchi Anand & Associates, we are all about service. We strive to develop long-term relationships with our clients, approaching each engagement with a focus on bringing value. Our senior professionals are actively involved in each engagement from inception to conclusion with smart sensitive approaches. We are one of top Indian Chartered Accountant

Auditing Firms based in India at New Delhi. We provide Audit and Assurance Services, Risk Advisory and Tax Services for improving your financial efficiency, accuracy & stability.

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The Income Tax department launches a upgraded website for taxpayers:

The Income Tax department has launched an upgraded version of its official web portal featuring better links for taxpayer services and grievance redressal. The new website features a special link for 'taxpayer services' on the main page and it subsequently navigates the user to all important works Tax consultant in India that a person needs to get done from the tax department like getting a new PAN card, filing e-returns, checking refunds and registering grievances.

Ruchi Anand & Associates is the prominent chartered accountant we provide Internal audit services in India. We are all about service. We strive to develop long-term relationships with our clients, approaching each engagement with a focus on bringing value. Our senior professionals are actively involved in each engagement from inception to conclusion with smart sensitive approaches. Certain income and the non-resident between India and various others foreign countries we are one of top Indian Chartered Accountant Auditing Firms based in India at New Delhi. We provide Audit and Assurance Services, Risk Advisory and Tax Services for improving your financial efficiency, accuracy & stability. Provides registering the firm.