Barakhamba Road, New Delhi, Delhi
GST No. 07AAKFG3980D1ZD
Accounting & Auditing Services have been highly appreciated by our clients for their reliability and flexibility. These services are rendered to the clients as per their exact requirements to offer maximum client satisfaction to them. Moreover, through our experience and dedication, we provide efficient services to the clients. Following are the details of the Accounting & Auditing Services offered by us:
There are two types of taxes that the Indian government levies on its citizens – direct tax and indirect tax.
Direct taxes are those which are paid directly to the Government by the taxpayer.These taxes are not paid deducted and paid on behalf of the taxpayer. It’s imposed on the people and organizations directly by the government. This tax liability has to be paid by the taxpayer in question and cannot be transferred to any other entity for payment. As of now, Income Tax is the main tax which comes under Direct Taxation in India which is governed by the Income Tax Act, 1961 & the rules & regulations made thereunder. Central Board of Direct Taxes, Ministry of Finance is the regulator in India for Direct Taxes.
Gupta Ankit & Co offers specialized services in all matters related to direct taxes at domestic as well as international level.
A cooperative society is a voluntary association of persons, whose motive is thewelfareof the members. It prevails inall thecountries, this is almost a universal concept. The cooperative society is active in all countries worldwide and is represented in all the sectors includingagriculture,food,finance,healthcare, etc.
GAC render services in respect of Cooperative Societies working on State level & Multi State Cooperative Societies.
Direct and indirect taxes include all the different types of taxes levied by the government. Direct taxes include the taxes that cannot be transferred or shifted to another person, for instance the income tax an individual pays directly to the government. In this case, the burden of the tax falls flatly on the individual who earns a taxable income and cannot shift the tax to others.
Indirect taxes, on the other hand, are taxes which can be shifted to another person. An example would be the Value Added Tax (VAT) that is included in the bill of goods and services that you procure from others. The initial tax is levied on the manufacturer or service provider, who then shifts this tax burden to the consumers by charging higher prices for the commodity by including taxes in the final price.
Gupta Ankit & Co provides specialized solutions to its clients on all aspects related to GST, Customs, VAT, Excise, etc.