Overview
"FINANCE-LEGAL-TAX-RISK BASED SOLUTIONS:
Cost effective services by competent professionals to secure long term benefits for our clients"
ABOUT OUR LEGAL SERVICES
"TAX based solutions
which will have a measurable and long term impact on your career/ people and your business results? "
Our dedicated team can give you the excellent results you seek.
GST
GOODS AND SERVICES TAX
GST registration, Returns, Taxes, rates, Records, Rules, Preparation of returns-
overall 36 returns and one Annual return.
ESI COMPLIANCES
Employee State Insurance Corporation was set up in
Due to be paid by 21st of every month 4% (3.25% OF EMPLOYER SHARE AND .75% OF EMPLOYEE SHARE) on wages upto 21000 rs. Various medical benefits and other finance support from ESIC to employees
All establishments employing atleast 10 employees during any point of the year either manufacturing or shop establishment covered under the ambit of ESIC
EPF COMPLIANCES
Due to be paid by 15th of every month @ 12 % each from employer and employee alongwith admin charges on wages upto 15000 rs. finance support on retirement from EPF to employees
All establishments employing atleast 10 employees during any point of the year either manufacturing or shop establishment covered under the ambit of ESIC
COMPANY LAW MATTERS
Formation of company in India, viz, Private Limited, Public Limited,Subsidiary Co. Government Co., Joint Venture Co., Holding Co., Foreign Co., etc. All matters related with Registrar of Companies & Company Law Board Maintenance & compliance of Statutory Records Merger & acquisitions Corporate restructuring Consultancy in above matters
SHOP & ESTABLISHMENT ACT
An Act to amend and consolidate the law relating to the regulation of hours of work, payment of wages, leave, holidays, terms of service and other conditions of work of persons employed
in shops, commercial establishments, establishments for public entertainment or amusement and other establishments and to provide for certain matters connected therewith
FOREIGN EXCHANGE MGT ACT
The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India to consolidate and amend the law relating to foreign exchange with the objective of facilitating
external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India"
Activities such as payments made to any person outside India or receipts from them, along with the deals in foreign exchange and foreign security is restricted.
Income Tax Comparison: Old Regime vs New Regime
Old Regime
For Senior Citizen base range is 3 Lacs
| Range |
Tax Rate |
| 0-2.5 Lacs |
0% |
| 2.5 to 5 Lacs |
5% |
| 5 Lacs to 10 Lacs |
₹12,500 + 20% above ₹5,00,000 |
| 10 Lacs and above |
₹1,12,500 + 30% above ₹10,00,000 |
New Regime (Sec. 115BAC)
No separate range for senior citizen
| Range |
Tax Rate |
| 0-3 Lacs |
0% |
| 3 to 7 Lacs |
5% |
| 7 Lacs to 10 Lacs |
₹20,000 + 10% above ₹7,00,000 |
| 10 Lacs to 12 Lacs |
₹50,000 + 15% above ₹10,00,000 |
| 12 Lacs to 15 Lacs |
₹80,000 + 20% above ₹12,00,000 |
| 15 Lacs and above |
₹1,40,000 + 30% above ₹15,00,000 |
If individuals want to choose the old regime then they have to file Form 10-IEA
- Surcharge: 10% above 50 Lacs; 15% above 1 Cr; 20% above 2 Cr
- EDU CESS 4% on tax
- Rebate 87A shall be ₹12,500
- No tax up to 5 Lacs in old regime
- Surcharge: 10% above 50 Lacs; 15% above 1 Cr; 20% above 2 Cr
- EDU CESS 4% on tax
- Rebate 87A shall be ₹25,000
- No tax up to 7 Lacs in new regime
LTCG special Income Taxed at 12.5% in both regimes: Period 12 months for EO MF/ Listed Shares, 24 months other assets, Exemption in LTCG MF 1.25 lacs Indexation benefit OLD regime- for Land Buildings Tax rate LTCG 20%, New Regime- without indexation - 12.5% date 23.07.24.
COMPANIES ACT 2013
Incorporation of new companies, One Person Company, Annual return by company, Appointment/ Resignation of Director
Collection of Funds from Public, Banks, Financial Institution, Issue of Shares, Dividend, Bonus Shares, Listing of Shares
PARTNERSHIP ACT
Partners more than one and upto 25 can form a partnership Firm, Separate PAN, Seperate Name of Business
Risk of unlimited liability, money can be recovered even through the personal assets of partner
MARRIED WOMAN PROPERTY ACT
Under Married Women's Property Act, all the properties belonging to the women gets insulated from court attachments or any income tax attachments that the husband has run-up
The Married Women's Property (MWP) Act was enacted with a view to protect the properties of women against the creditors.
Various Insurance Plans provide such benefits. Where sum assured is safe from any outside liabilities
SOCIETIES REGISTRATION ACT
ALL organisation created for NGO purposes i.e. non-profitable purpose are registered under Socieites Act. Minimum 7 person required from different states for nation level society
Provides for 80G registration 12A for application facilitates tax benefits to donations received.
MANAGEMENT ADVISORY SERVICES
Development of MIS system, Business Policies, Portfolio management, Capital structuring.
