CA Mitesh and Associates Chartered Accountants

An income tax return is a form where taxpayers declare their taxable income, deductions, and tax payments. This procedure of filing income tax returns is referred to as income tax filing. While filing the return, the total amount that should go to the government as income tax is calculated. If you’ve paid more tax than needed for the financial year, you’ll be refunded by the income tax department. Sometimes, you may also see that you have underpaid taxes for the year. In such cases, you must pay the remainder of the tax, and file your income tax returns. Income tax return form ranges from ITR 1 to ITR 7, used for different types of income. Some income tax return forms are longer than the others, and they may need additional disclosures such balance sheet and a profit and loss statement information. PRICE quoted above is the Starting Price ONLY. Please call us for complete details.

Tax Planning Mumbai

Mumbai Financial Advisory Session
This meeting is to listen to you & to understand your goals, concerns, challenges, aspirations, risk appetite etc. The reason is: we do not know anything about you. We don’t know whether you are single / married, whether if married, your wife works or not, whether you have one child/ two children, whether your parents are dependent on you or not, whether there is a younger brother/sister whom you are supporting, whether you intend studying further ? We don’t know your current investments, cash flows, EMI’s etc. Till the time we don’t have a complete picture we would actually be doing a dis-service to you by giving any advise or working on any strategy to improve your financial well being. The first session is completely Free.

Comprehensive Financial Planning in Mumbai
Price Varies – Call for a Quote

Mumbai Sole Proprietorship Registration

The Proprietor must be an Indian citizen and a Resident of India. There is no approval required prior to the commencement of business. But, Non-Resident Indians (NRI) and Persons of Indian Origin can invest or start sole their proprietorship business only with prior approval of the Government of India. Sole Proprietorship is an unorganized business structure and there is no specific law enforced for the said registration. We provides services for Sole Proprietorship registration under MSME (Micro, Small and Medium Establishments) Development Act, 2006 of Central Government. The business entity must fulfill the registration requirement.The registered entity under MSMED Act can avail subsidies, incentives, and schemes launched by the Central Government with respect to the specific Business on the basis of a registration certificate.

Mumbai Partnership Firm Registration

The Partnership Act provides that both registered and unregistered partnerships are valid and recognized by law. Partnership registration is not compulsory but is beneficial due to effects of non-registration. Mostly, the businesses at initial level prefer unregistered partnership till they reach stable level. The unregistered partnership can be registered at any time after its formation. Formation of Partnership Firm does not require any minimum amount. It can be started with any amount of capital contribution by the partners. Only a registered partnership firm can claim a set off (i.e. mutual adjustment of debts owned by the disputant parties to one another) or other proceedings in a dispute with a third party. Hence, it is advisable for partnership firms to get it registered. The application for Partnership Firm Registration in India is submitted with the Registrar of Firms (RoF) under whose jurisdiction the Place of Business of Partnership Firm falls.

Mumbai Limited Liability Partnership Registration

LLP is the upgraded version of Normal Partnership Firm. Limited Liability Partnership has been introduced by the LLP Act 2008. Limited Liability Partnership has an easy structure as compared to the Private Limited Company. LLP is suitable for Consultants, Advisers, and Lawyers/Professionals. LLP registration is very pocket-friendly in terms of increasing the Capital, Annual returns and legal compliance etc. There is no need to appoint a Statutory Auditor if your annual turnover is less than 40 Lakhs. If you are planning to register the LLP, make sure that you file an annual return on time. There is no Dividend Distribution Tax on the distribution of profits to its partner. The partner can freely lend loan and borrow the loan from LLP without any Compliance issue.

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Mumbai Private Limited Company Registration

Private Limited Company is a most popular business structure in India, Startup always runs towards the Pvt Ltd Company registration. It has separate existence than its Members and Directors. The Liability of its Members is limited to their Capital contribution in the Company. Venture Capital funds are easily available for Pvt Ltd Company. The operation of the Private limited company registration is more organized than LLP/OPC. More than 90% of Indian Startups have opted for the Private limited company. After Private Limited company registration, you can raise the funds from investors. External funding is not permissible in any other legal structure. You can easily scale your business after forming a private limited company. Private Limited Company is eligible for 3 Years tax benefits under the Startup India Program.

Mumbai One Person Company Registration

One Person Company (OPC) has been introduced by Companies act 2013. It is a more latest corporate structure in Proprietorship. In OPC Structure you will get almost all the benefits of Private Limited Company so it is advisable to start a Sole Ownership. There is no dividend tax on profit distributed to its owner in OPC. Furthermore, OPC is eligible for Startup India Program and can enjoy tax-free status for 3 years.

Mumbai Public Limited Company Registration

Public Limited company is a broad level association of members who intent to float a company with a mission of IPO etc. Public limited Company has the benefit of raising fund from Public. But this structure is NOT suitable for the early stage startup. The Annual Compliance cost of the Private limited company is less as compared to a public Limited company, so we would strongly recommend to start a business as Private Ltd. For Public Limited Company Registration, the minimum number of directors must be three and a minimum number of shareholders must be 7.

Chartered Accountant Services in Mumbai

Accountancy: This includes the writing up of accounts and the preparation of financial statements. It encompasses a wide area ranging from simple Book keeping to complex financial analysis. Auditing: The purpose of auditing is to satisfy the users of financial statements that the accounts presented to them are drawn up on correct accounting principles and that they represent a true and fair view of the state of affairs of the organisation. Taxation: The assessment of taxes is very closely linked with financial accounts. We as Chartered Accountants with our experience in accounts & taxation offer to prepare the returns for tax purposes, represent assessees before the Income-Tax authorities and rendering general advice on taxes to our clients. We also undertake Special Company Work such as the formation, financial structure and liquidation of limited companies. We undertake complete Secretarial and Registration work.

CA Services in Mumbai

Management Accounting: We render this CA services which is utilized in a variety of ways like formulation of policies, day to day control, performance evaluation, etc. We offer Companies Secretarial Work to small and medium enterprises. The advantages of having a Chartered Accountant on the Board of Directors are now well recognised and we are open to to take such position and provide immense value to these organisations.

GST Registration in Mumbai

It is mandatory for any business whose aggregate turnover in a financial year exceeds Rs 20 lakhs to get GST Registration under Goods and Services Tax. This limit is set at Rs 10 lakhs for North Eastern and hilly states flagged as special category states. Also, the definition of taxable turnover has been changed to aggregate turnover. PRICE quoted above is the Starting Price ONLY. Please call us for complete details.

Mumbai GST Returns

All individuals registered under the GST Act has to furnish the details of the sales and purchases of goods and services along with the tax collected and paid. This can be done by filing online returns. GST Returns are the Goods and Services Tax Return forms that taxpayers of all types have to file with the income tax authorities of India under the new GST rules. PRICE quoted above is the Starting Price for one month of filing returns. Please call us for complete details.

Mumbai GST Nil Return
Mumbai GST Zero Return

Rectification in GST Details in Mumbai

Price varies depending upon type of rectification sought

Deduct TDS on NRI Under Section 195 Mumbai
As per Income Tax Act 1961, Any person responsible for paying to Non Resident or Non Resident Indian, neither being a company nor being a foreign company, of any interest or any other sum chargeable under the provisions of Income Tax Act, 1961 (Excluding income chargeable under the head “Salaries”). Any such payment shall at the time of credit of such income to the account of payee or at the time of payment through any mode i.e. Cash, Cheque, Bankers Cheque, Demand Draft or any other mode should deduct TDS at prevailing TDS Rate under section 195.

Mumbai NIL / Lower Tax Deduction Certificate for NRI
NRI seller can produce NIL / Lower Tax Deduction Certificate under section 195 & the applicable TDS rate will be as per certificate issued by the income tax department. The original certificate will be retained by the buyer. To obtain NIL / Lower Tax Deduction Certificate under section 195 is sole responsibility of NRI Seller.

Mumbai Section 8 Company Registration
Section 8 Company Registration

Mumbai Trust / NGO Registration
Trust / NGO Registration

Mumbai 12A and 80G Registration
12A and 80G Registration

Mumbai Society Registration
Society Registration

Mumbai ESI Registration
ESI Registration

Mumbai PF Registration
PF Registration

Mumbai FSSAI Registration
FSSAI Registration

Mumbai RERA Registration
RERA Registration

Mumbai MSME Registration
MSME Registration

Mumbai Tax Exemption Certificate on Property Sale by NRI
Mumbai Nidhi Company Registration
Mumbai Registration under Shop and Establishment Act

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