Chartered Accountant in Chandigarh

ITR stands for Income Tax Return. It is a form that has to be filed with the Income Tax Department every year by individuals and businesses to report their income and tax liabilities. The Income Tax Act mandates that if your annual income crosses a certain threshold, you have to file your ITR. Who Needs to File ITR? The following individuals and entities need to file their ITR annually   - Salaried individuals whose annual income exceeds Rs. 2.5 lakhs - Self-employed professionals like doctors, lawyers, architects etc. whose annual income exceeds Rs. 2.5 lakhs   - Businesses and corporates - Working partners of firms - Anyone who has earned interest income above Rs. 10,000 in a year - Those who have executed high value transactions like mutual fund investments, equity shares etc.   How ITR Consultants Can Help   Filing income tax returns can be a complicated process for many due to lack of knowledge about latest rules and regulations. This is wher...

  A chartered accountant in Chandigarh can provide invaluable assistance with GST filing and compliance for a company in the following ways: 1.     Registration Assistance - The CA can help obtain new GST registration or migrate existing registration to the GST system. This includes guidance on the documentation required. 2.     Return Filing - The CA can file monthly, quarterly, and annual GST returns on behalf of the company within prescribed due dates. This includes GSTR-1, GSTR-3B, GSTR-9 etc. 3.     Reconciliation of Books - The CA reconciles the company's books of accounts with GST returns to ensure accuracy and timely compliance. 4.     Input Tax Credit - The CA examines business transactions to ensure optimal utilization of input tax credits and avoid unnecessary tax liability. 5.     Tax Payment - The CA assists in generating challans for tax payments and ensuring timely deposit of GST c...