Taxation & Advisory Services
Expert Tax Consultants in Bangalore
As a business owner, it is difficult to keep up with intricate regulations, compliances, and multiple filings required under GST, TDS, and income tax. Failing to keep up will lead to unnecessary costs and use of resources.
With our experienced Tax Consultants in Bangalore, we will help take the difficult filing process, leaving you to focus on what truly matters. Along with that, you can leave the burden of regular tax audits, keeping up with frequent changes in tax laws, and the need for extensive documentation to support tax filings to us. Before we get into how we can help you, here’s why you need to files your taxes on time while adhering to the regulations:
- Promotes transparency and builds trust with tax authorities reducing the risk of penalties and audits.
- GST compliance to claim input tax credits (ITC), reducing their tax liabilities and improving cash flow management.
- TDS and IT filings help in better financial planning and optimization of tax strategies.
- Allows businesses to expand their market reach across India, reducing logistical costs.
Explore Our Taxation Services Offered
Goods & Services Tax (GST) Compliance
Stay compliant, reduce tax burdens, and maximize GST credits with our expert-led Tax consultants in Bangalore.
What we offer:
- Hassle free GST Monthly Returns & Annual Returns from GSTR-1, GSTR-3B.
- Complete annual GST-9 and GST-9C filing while compliance with annual audit requirements.
- Claim GST Refunds for Exports & EOU/SEZ Units to avoid cash flow disruptions.
Direct & Indirect Tax Filings
Timely and accurate tax filings are essential for every business. Optimize your tax liabilities with us.
What we offer Under Direct & Indirect Tax Filings?
TDS Filings
End-to-end Tax Deducted at Source (TDS) compliance, including TDS calculations, deductions, and filing of TDS returns with Form 24Q, 26Q, and 27Q.
ITR Filings
Filing for Income Tax Returns in compliance with the Income Tax Act 1961.
Tax Audits & Transfer Pricing
Avoid disputes with well-structured tax audit and transfer pricing with our Tax Consultants.
What We Offer Under Tax Audits & Transfer Pricing
Tax Audit
Seamless Tax Audit as per IT Act 1961 and helping maintain proper financial records.
TP Audit (domestic & International)
Assistance with arm’s length Transfer Pricing Audit (TP Audit) for Domestic & International Entities, compliance with OECD guidelines.
Why Choose Prashashti as Your Go-To Tax Consultant in India
No More Hefty Penalties and Audits
By working with us, you can stay compliant with the latest regulations, reducing the risk of penalties and audits.
Positive Impact on Business Growth
With us, you can optimize tax strategies, reduce liabilities, and improve financial health. This will enable you to reinvest savings into business functions that’ll promote growth.
Zero Risk of Non-Compliance
We will ensure staying compliant by ensuring timely and accurate filings while staying updated with the latest tax laws.
Save Time and Money
We make it affordable and help you save your time on a long term through optimized tax strategies, reduced tax liabilities, and avoidance of costly penalties and errors.
FAQs on Taxation Services
What is GSTR-1 and 3B?
GSTR-1: This return is used to report outward supplies (sales) made during a specific period.
GSTR-3B: A summary return that includes details of both outward (sales) and inward (purchases) supplies, along with tax payments.
Who needs to file GSTR 9 and 9C?
GSTR-9: An annual GST return that must be filed by all registered taxpayers.
GSTR-9C: A reconciliation statement that must be filed by taxpayers whose aggregate turnover exceeds ₹5 crore in a financial year.
How to check TDS amount?
To check the status of your TDS/TCS statement:
- Step – I. Visit https://contents.tdscpc.gov.in/
- Step – II. Login using the User ID, Password and TAN.
- Step – III. Go to statements/ payments tab and click on ‘statement status’
When to file an Income Tax Return?
The due date for filing an income tax return depends on the taxpayer category:
- For individuals and non-audit cases: 31st July of the relevant assessment year.
- For businesses requiring an audit: 31st October of the relevant assessment year.
How to prepare for a transfer pricing audit?
- Maintain a local TP file, documenting transactions with related parties.
- Keep a defense file ready, ensuring reconciliation with financial statements and legal agreements.
- Regularly review transfer pricing policies to align with regulatory requirements.