Tax Advisory

Income Tax

In India, Income Tax is a direct tax levied on the annual income earned by a person, including salary, interest, rent, and capital gains. The amount of tax payable is calculated as per the income tax slab rates prescribed by the government through yearly budgets. Taxpayers can make their Income Tax payment online through the government's official website by filling in the necessary details. In addition, taxpayers are required to pay TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) as applicable. These payments can also be made online, and the entire process is straightforward and fast. Filing income tax returns and paying taxes on time is a legal obligation for all Indian citizens, and non-compliance can result in penalties and legal action.

Goods and Services Tax (GST) 

Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It was introduced on July 1, 2017, and replaced many other indirect taxes such as excise duty, service tax, and VAT. GST is a comprehensive tax levied at every stage of the supply chain, from the manufacturer to the end consumer. It is a value-added tax system where businesses can claim input tax credit for the taxes paid on their purchases, and the final tax liability is calculated on the value addition made at each stage. In the Indian indirect tax environment, GST is a significant reform that has simplified the taxation system and reduced the burden of multiple taxes on businesses. It has also streamlined the tax compliance process, making it easier for taxpayers to comply with the tax laws. GST has replaced the complex web of indirect taxes with a single tax system, making it easier to do business in India.

4CA is an online compliance service platform in India, committed to assisting individuals in starting and expanding their businesses at an affordable price.  As part of our tax advisory services, we offer expert advice on tax optimization and  compliance. Our multi-disciplinary Tax Team comprises tax professionals with in-depth technical knowledge and practical experience, assisting clients in various areas such as return filing, tax management services, investment advisory etc. Our focus is on guiding entrepreneurs through the legal and regulatory requirements and being a partner throughout the entire business life cycle, providing assistance at every step to ensure compliance and steady growth.