Comprehensive Filings & Returns Services
For any business or individual operating in India, filings & returns are a daunting task, at Brint Consulting we facilitate it with optimized solutions. Hello!!! We are Brint Consulting are we are your one-stop guide dedicated to providing comprehensive services on various filings and returns in India. We would ensure that you stay compliant and informed.
Every individual, business or organization in India, needs to comply with certain filings and returns regulations. Failing to do so might result in unnecessary consequences, ranging from penalties, to notices, to even jail. We would like to help you navigate this maze through our expert knowledge in the field.
Our Wide Range of Services
At Brint Consulting we are a team of experienced professionals with in-depth knowledge in the intricacies of filings and returns scenario in India. We shall work closely with you to understand your business and other details and would guide you throughout the procedure. Our experts can help you by providing the following range of services.
Income Tax Return
In India individuals and entities are required to report their income earned during a financial year and to calculate the income tax liable on that income. The Income Tax Act, 1961, governs the taxation of income in India. Also, filing and income tax return is a mandatory requirement even if you do not fit the tax slab.
Individuals & Hindu Undivided Families (HUFs) whose total income exceeds the exempted limit, companies, firms and other entities irrespective of their profits and losses must file ITR. Based on the nature and amount of income and tax payer’s eligibility there are multiple forms including ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7.
Individuals are required to report income from all sources, while deduction and exemptions are provided under certain circumstances. After filing the returns, it needs to be verified by the taxpayer. This can be done electronically through methods like Aadhar OTP, Electronic Verification Code (EVC), or by sending a physical copy to the Centralized Processing Center.
It should be noted that non-compliance with the filing requirements might result in penalties and interest payments. In some cases legal consequences can also be incurred, and could lead to a defaulter being jailed.
Other Tax Returns
There are other taxes that are levied on individuals, businesses, and organizations in India, based on various factors. Some of them are Goods & Service Tax (GST), Tax Deducted at Source (TDS), and Tax Collected at Source (TCS).
GST was introduced in 2017, and is a destination-based tax levied on the supply of goods and services. There are two major components, Central Goods and Service Tax (CGST) and State Goods & Service Tax (SGST), and Integrated Goods and Service Tax (IGST).
TCS is the tax collected by the seller from the buyer at the time of sale of specified goods. It is applicable on sale of certain goods like alcoholic liquor, scar, minerals etc. The collected TCS must be deposited to the government and the seller is required to file TCS returns. The buyer gets credited for the TCS amount against their total tax liability.
Company Filings
In India, company filings refer to submission of various documents and information by companies to regulatory authorities, primarily the Ministry of Corporate Affairs (MCA) and the Registrar of Companies (RoC). These filings are essential for maintaining transparency, ensuring compliance with statutory requirements and facilitating proper corporate governance.
All companies must get registered under Companies Act and are required to file annual returns with details of directors, shareholders and financials. Annual return is done through form MGT-7, and the financial statements through Form AOC-4.
Companies also need to file their audited financial statements with the RoC. However, they must file Form ADT-1 for the appointment of auditors and any subsequent changes. For change in directorship for DIR-12, and change in registered office can be done through Form INC-22.
Other aspects of the company filings are Secretarial Compliance Certificate (MR-3). When a company creates, modifies or satisfies charges on its assets they must file creation or modification of charges via Form CHG-1 and CHG-9. Board report Form MGT-9 covers detailed information on corporate governance. Other filings include Declaration of Commencement of Business (Form INC-20A) and Resolutions (Form MGT-14).
Why Choose Us?
We understand the intricacies of filings and returns scenarios in India. Our team is dedicated to provide you with comprehensive guidance and support to traverse the maze. Following are the reasons for choosing Brint Consulting as your trusted partner for the cause.
Expertise & Experience
Our team of experts possess in-depth knowledge of filings and returns in India. We shall help you navigate through the complex Indian regulatory landscape.
Comprehensive Service Offerings
Leveraging our expertise we offer comprehensive service offerings for various filings and returns, ensuring that clients have a one-stop-solution for their compliance needs.
Customized Solutions
We understand your unique needs and would work closely with you to identify your needs and would help develop customized solutions. We also provide personalized attention to address specific challenges.
Technology Integration
At Brint we would integrate technology to ensure that your returns and filings meet the requirements. We understand that advanced technologies or digital platforms help in streamlining processes, enhancing accuracy and efficiency.
Compliance Assurance
We would ensure that throughout the filing process, you comply with all relevant regulations. This way we can minimize the risk of penalties or legal issues for clients.
Timely and Proactive Communication
We would ensure to maintain a clear and timely communication with our clients. While ensuring that they are informed about the procedure of their filings, upcoming filings and documents need to be prepared for them.
At Brint Consulting we are dedicated to providing comprehensive filings and returns solutions for individuals, businesses and organizations in India. We provide a wide range of services and could be your trusted partner in the scenario. So what are you waiting for? Book your appointment today.