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Plan Your Taxes Today with Our Tax Consultancy and Advisory
How to get Tax Consultancy Services?
Tax Blunders
Stress
Confusion
Running around CA offices
Notices from Income Tax Department
Spending hours figuring out taxes
Penalties and legal complications
Errors
Why Choose Us!!
Personalized Experience
Utilize benefits of Tax Expertise
End-to-end Solutions
10+ years of Industry Experience
Notices from Income Tax Department
Saving taxes legally
Compliance
Peace of mind
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Why is it Important to Plan Taxes?Tax planning involves using legal methods to minimize tax liability and maximize tax savings. Tax planning can help individuals and businesses save money, increase cash flow, and meet financial goals. Therefore, it is important to plan your taxes effectively.
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How does TaxaHolics assist in responding to income tax notices?Our team of experienced CAs provides expert guidance and support to help you respond to income tax notices promptly and accurately, ensuring compliance and peace of mind.
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Why should I pre-book ITR filing for FY 2024-25?Pre-booking your ITR filing ensures that you secure an early slot, avoiding last-minute rush and potential delays. It also allows us to provide personalized attention to your tax filing needs.
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What should I do if I have questions about my tax planning?You can reach out to our dedicated team of CAs anytime for personalized assistance and answers to your tax planning questions.
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Is there a cost for these post-filing services?Our post-filing services come with various pricing plans to suit your needs. Contact us for detailed information on the costs and benefits of each plan.
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What is the role of a tax advisory consultant?A tax advisor, also known as a tax consultant, is a financial expert who helps you minimize your tax liability, capitalize on tax deductions, and manage your tax situation. They prepare tax returns and check for deductions to lower a client's tax burden. Their responsibilities include: Tax Planning: Advising on tax-efficient strategies to minimize tax liabilities while ensuring compliance with laws. Compliance and Filing: Assisting clients in preparing and filing their tax returns accurately and on time. Tax Advisory: Providing expert advice on tax-related matters such as investments, property transactions, and business decisions to optimize tax benefits. Representation: Representing clients in dealings with tax authorities, including handling audits, assessments, and disputes. Staying Updated: Keeping clients informed about the latest tax laws, regulations, and changes that could impact their finances.
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What is the difference between tax advisory and consulting?Tax advisory focuses on providing guidance and education on tax laws and compliance to help clients understand their obligations and minimize liabilities. In contrast, tax consulting offers a broader scope, analyzing a client’s overall financial situation and recommending strategies that include tax planning, business structuring, and financial optimization. Essentially, tax advisory is about compliance, while tax consulting encompasses strategic financial advice.
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What is the role of the Enforcement Directorate (ED)?The ED primarily deals with cases related to money laundering, foreign exchange violations, and economic crimes. It enforces the Prevention of Money Laundering Act (PMLA) and the Foreign Exchange Management Act (FEMA).
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What does the Narcotics Control Bureau (NCB) do?The NCB is responsible for combating drug trafficking and drug abuse in India. It enforces laws related to narcotics, including the Narcotic Drugs and Psychotropic Substances Act (NDPS).
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What is the Central Bureau of Investigation (CBI)?The CBI is India’s premier investigative agency, tasked with investigating high-profile criminal cases, corruption, and national security matters. It works on complex cases that require specialized investigation and legal expertise.
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What cases are handled by the Economic Offences Wing (EOW)?The EOW focuses on investigating financial frauds, white-collar crimes, and violations of economic laws, including corporate fraud, cheating, and financial scams. It ensures the enforcement of economic justice.
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How do these agencies work together?While each agency specializes in a particular area, they may collaborate on cases that involve multiple aspects of criminal activity, such as money laundering, drug trafficking, and financial fraud.
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What are customs services, and why does my business need them?Customs services help businesses navigate the complexities of customs regulations when importing and exporting goods. These services ensure compliance with national and international laws, assist in calculating duties and taxes, and prevent delays and penalties. If your business is involved in international trade, customs services are essential to ensure smooth and efficient operations.
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What types of customs duties and taxes should I be aware of?The primary types of customs duties include: Basic Customs Duty (BCD): Levied on the value of goods being imported. Additional Duties: Such as Anti-Dumping Duty and Safeguard Duty, which apply in specific cases to protect domestic industries. Integrated Goods and Services Tax (IGST): Charged on imports under the Goods and Services Tax (GST) regime. Compensation Cess: Imposed on certain goods to compensate for revenue losses due to GST. Our experts help you understand and calculate these duties correctly to avoid unnecessary expenses.
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How can TaxaHolics Advisor Pvt. Ltd. help my business with customs compliance?At TaxaHolics Advisor Pvt. Ltd., we provide comprehensive customs services, including: Accurate duty calculations and advisory. Assistance with import/export documentation. Proper classification and valuation of goods. Representation during customs audits and investigations. Assistance with duty refunds and drawbacks. Dispute resolution and appeal services. We ensure that your business stays compliant, reducing the risk of fines, delays, and operational disruptions.
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What is the process for clearing goods through customs?The process typically involves: Filing of Import/Export Documentation: Filing Bill of Entry (for imports) or Shipping Bill (for exports) with the customs authorities. Classification and Valuation: Ensuring that goods are classified under the correct tariff code and declared at the right value. Customs Inspection and Assessment: Customs authorities may inspect goods, and the duty/tax liability is assessed based on classification and valuation. Clearance: After clearance from customs, goods are released for transportation or sale.
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How can I avoid customs penalties and delays?To avoid penalties and delays: Ensure Proper Documentation: Accurate and complete documentation, such as bills of entry and shipping bills, is essential. Classify Goods Correctly: Misclassifying goods or undervaluing them can lead to penalties. Stay Updated on Regulations: Customs laws are dynamic, so staying up-to-date with changes in tariffs, duties, and regulations is crucial. Use Expert Services: Partnering with experienced customs consultants like TaxaHolics Advisor Pvt. Ltd. ensures compliance with all relevant laws and reduces the risk of mistakes.
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What happens if my goods are held or seized by customs?If your goods are held or seized by customs, it could be due to incorrect documentation, misclassification, or failure to pay the correct duties and taxes. In such cases, we provide representation to help resolve the issue. We work with customs authorities to ensure that your goods are released and assist in addressing any discrepancies to avoid penalties.
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How long does the customs clearance process take?The time it takes for customs clearance depends on various factors, including: The type of goods being imported or exported. Whether the goods are subject to inspection. The accuracy of the documentation provided. In general, customs clearance can take anywhere from a few hours to several days. Working with TaxaHolics Advisor Pvt. Ltd. helps speed up the process by ensuring all paperwork is accurate and compliant.
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How can I claim a duty refund or drawback?If your business has overpaid customs duties or is eligible for a duty drawback on exports, we assist in claiming refunds. The process involves filing the necessary forms and submitting supporting documents to customs authorities. Our experts guide you through this process, ensuring that you recover the maximum amount possible.
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What is a bonded warehouse, and how does it work?A bonded warehouse is a facility where imported goods can be stored without paying duties until they are removed for further processing, manufacturing, or export. We provide guidance on how to use bonded warehouses effectively, ensuring compliance with all legal requirements.
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How do I get started with your customs services?Getting started with TaxaHolics Advisor Pvt. Ltd. is easy! Simply contact us to schedule a consultation. We will assess your business's needs, provide customized solutions, and guide you through every step of the customs process. Whether you're a first-time importer/exporter or have extensive experience, our team is here to support you.
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