About Tax Filings
GST returns essentially stands for filing of all GST. Every individual who is covered under the GST Act must produce their income to the Tax Department of India. This is known as return and it includes details of every sale and purchase.
Employees’ State Insurance (ESI) is self-financing social security and health insurance scheme for the Indian Workers, which is an autonomous corporation governed by Ministry of Labour and Employment. This Fund of ESI is managed by Employee State Insurance Corporation (ESIC) and its rules regulations. All entities registered under ESI registration must file ESI returns which is due half yearly.
Income Tax Return Filing
Income Tax Return (ITR) is a form for reporting gross taxable income from different sources, claiming tax deductions and declaring net tax liability to the income tax authority. ITR is filed to the income tax department by a salaried or self-employed individual, Hindu Undivided Family (HUF), companies or firms. The process of filing the ITR is referred to as income tax filing.
ROC Return / Annual Filing
Registrar of Companies (ROC) is the official office manages direction and administration of a wide range of Companies secured under the Companies Act 1956 and Companies Act 2013 in India. It’s the obligation of the ROC to guarantee that companies are appropriately enrolled, and that, when enlisted, they record accounts and other data accurately. The office of ROC work as a registry of records, identifying with the companies enlisted with them, which are accessible for assessment by individuals from open on instalment of the endorsed charge.
ROC Filing Compliance
As per The Companies Act, there are sure compliances that are to be documented by the Private Limited Company or any Company besides. These ROC compliances significantly incorporate Annual filing. Notwithstanding, annual return draft, revelation by Directors and refreshing the Statutory Register are additionally incorporated into these ROC compliances. ROC compliances are essential. Any slack can prompt punishments and other lawful issues relating to the Company. There are sure forms that are to be recorded alongside indicated documents and returns. Service Of Corporate Affairs enables you to record these forms online moreover.
Professional tax is a tax that is levied by the state government and applies to income you earn through employment. You can often find the deduction for the same on your salary slip each month. Professional tax one source of revenue for the government and is used towards bettering the services for professionals in that state. Thus, it is essential for every employer to deduct professional tax on salary, although there are a few exemptions related to this. Professional tax in India varies from state to state. The maximum amount of professional tax cannot exceed Rs.2,500 annually.