TAXATION COMPLIANCE AND FILING SERVICE

Simplifying Taxation in India: Expert Assistance from Sunmarg

The tax system in India is a complex combination of policies implemented by both the central and state governments. The central government levies taxes on income, custom duty, CGST, and IGST, with a few exceptions such as agricultural income. On the other hand, state governments impose taxes like SGST, stamp duty, state excise, land revenue, and professional tax. Additionally, local bodies have the authority to levy and collect taxes on property and utilities. In July 2017, India witnessed a significant revolution in its tax system with the introduction of the Goods and Services Tax (GST), which subsumed 17 types of indirect taxes into a single tax compliance policy

Direct Taxation Services

At Sunmarg, we understand the importance of tax planning and compliance to save taxes and avoid penalties. Our expert team provides advisory services, tax planning, and filing compliance on a regular retainer or one-time engagement basis. We cover various aspects of direct taxation for different types of assesses:

For Corporate and Business Assessees

• Support in payment of advance tax or self-assessment tax within the due dates
• Monthly TDS payments and E-TDS filings
• Certification services under the income tax act
• Filing of income tax returns
• Handling income tax regular assessments and scrutiny cases
• Transfer pricing advisory

For Individuals and Other Assessees

• Guidance on tax-saving areas under the income tax act
• Advise on investing in tax-saving schemes or bonds
• Assessment of total income and guidance on systematic remittance of advance tax payment
• Capital gain tax planning
• Assistance with notices, refunds, and assessments

Indirect Taxation Services:

Indirect taxation is another area of expertise at Sunmarg. We provide advisory and compliance services related to indirect taxes. Our team is proficient in handling tax compliance for various types of business entities, including trading, service, and manufacturing sectors, as well as SEZs, EOUs, small traders, and startups. Our services include:

• Goods and Services Tax (GST) return filing
• Monthly returns for employee state insurance
• Monthly returns for employee provident fund
• Professional tax filing of monthly returns
• GST annual returns filing
• ROC filing of annual returns
• Annual labour returns
• Assistance with assessments and scrutiny

Navigating the taxation system in India can be a daunting task, given the complexities and frequent changes in tax regulations. Sunmarg is here to simplify the process for you. With our expert guidance and compliance services in direct and indirect taxation, we can help you plan your taxes effectively, file returns accurately, and ensure compliance with all relevant regulations. Trust Sunmarg to be your reliable partner in managing your taxation needs, allowing you to focus on your core business operations.