Cryptocurrency Tax Advisor | CA in Mumbai | Chartered Accountant

2024 (133)

<p>Chartered Accountants India | Cryptocurrency Taxation | NRI Taxation | USDT Arbitrage | UAE Company Incorporation | Outsource Accounting Services | 2024</p>

Our Location

1001 CHARKOP, MAHAVIR NAGAR, KANDIVALI WEST NEAR KANDIVALI RAILWAY STATION MUMBAI, MAHARASHTRA 400067

Our Services

Crypto Tax Services India | Income Tax Filing | CA Services | Chartered Accountant India | Financial Advisory | Crypto Tax | Tax Planning | Donation Receipts | Payslips for Visa | Payroll

Table of Contents

Income Tax Returns Filing

Income tax return filing is the process through which taxpayers declare their taxable income, deductions, and tax payments using a specific form. The calculated total income tax amount is also included in the form. If you have paid more tax than required for the financial year, you will receive a refund from the income tax department. However, if you have underpaid taxes, you must pay the remaining amount and file your income tax returns. There are different types of income tax return forms available, ranging from ITR 1 to ITR 7, depending on the nature of the income. Some forms may require additional disclosures, such as a balance sheet or profit and loss statement. It's important to note that the price quoted above is the starting price only, and you should contact us for complete details.

 

Crypto Tax Advisory

Our Crypto Tax Advisory service includes:

  • Regularly maintaining and updating your crypto holdings/portfolio
  • Providing advice on possible tax efficiencies for your crypto investments
  • Maintaining robust documentation to support your tax reporting
  • Accurately computing your tax liabilities and ensuring compliance with applicable tax laws

Crypto Tax Compliances

Our Crypto Tax Compliances service includes:

  • Ascertaining the type of Income Tax Return (ITR) applicable to your crypto investments
  • Accurately reporting different types of crypto incomes, such as gains from trading or mining
  • Verifying and uploading your Income Tax Return assessment

Crypto Tax Assessment

Our Crypto Tax Assessment service includes:

  • Responding to notices issued by the Income Tax Department related to your crypto investments
  • Representing you during Income Tax hearings related to your crypto investments
  • Negotiating with tax authorities and providing assistance in completing your assessment related to crypto investments.
 
Recover Funds From Crypto Currency Scam

Our service for recovering funds from cryptocurrency scams includes:

  • Providing assistance in documenting the fraud and creating case documents
  • Lodging the case with the appropriate law enforcement authorities in your country
  • Following up and corresponding with law enforcement authorities in foreign jurisdictions to help recover your funds.

FEMA Compliances

FEMA (Foreign Exchange Management Act) compliance refers to the adherence to the rules and regulations set by the Reserve Bank of India (RBI) for foreign exchange transactions. We provide various services related to FEMA compliances. Some of these services are:

  1. Advising on foreign exchange regulations and policies: We provide advice on various FEMA regulations and policies to businesses, individuals, and other entities. We keep ourselves updated with the latest changes in the FEMA regulations and provide guidance accordingly.

  2. Obtaining necessary approvals: We help our clients in obtaining necessary approvals from the RBI for various foreign exchange transactions such as investments, loans, and remittances. We also assist in filing the required forms and documents with the RBI.

  3. Compliance with reporting requirements: We ensure that our clients comply with the reporting requirements under FEMA. We help in filing the necessary returns and forms with the RBI and other authorities.

  4. Conducting audits: We conduct audits to ensure compliance with FEMA regulations. We verify whether the transactions are in accordance with the rules and regulations set by the RBI and provide suggestions for improvement if needed.

  5. Representing clients before authorities: We represent our clients before various authorities such as the RBI, Enforcement Directorate (ED), and Appellate Tribunal for Foreign Exchange (ATFE) in case of any violations or disputes related to FEMA regulations. We assist our clients in responding to show-cause notices and other inquiries from these authorities.

 

Comprehensive Financial Planning

Our comprehensive financial planning service involves several steps that help individuals and families achieve their financial goals. Here are the typical steps involved in comprehensive financial planning:

  1. Establishing the scope of engagement: The first step in our financial planning service is to establish a clear scope of work in discussion with you. This involves understanding your needs and goals, and documenting the scope of the engagement.

  2. Gathering information: We will gather information about your financial situation, including income, expenses, assets, liabilities, and insurance coverage. We will also gather information about your goals and objectives.

  3. Analysing your financial situation: We will analyse your financial situation to identify strengths and weaknesses. This analysis will involve creating a net worth statement, a cash flow statement, and an income tax projection.

  4. Developing a financial plan: Based on the analysis of your financial situation, we will develop a financial plan that addresses your goals and objectives. The plan will include recommendations on budgeting, debt management, retirement planning, investment strategy, insurance coverage, and estate planning.

  5. Presenting the financial plan: We will present the financial plan to you, explaining the recommendations and answering any questions you may have.

  6. Implementing the financial plan: Once you agree to the recommendations in the financial plan, we will help implement the plan. This will involve setting up investment accounts, purchasing insurance policies, or making changes to your budget.

  7. Monitoring and reviewing the financial plan: We will regularly monitor your financial plan and review it with you to ensure that it is still aligned with your goals and objectives. We may make adjustments to the plan as needed.

Overall, the goal of our comprehensive financial planning service is to help individuals and families achieve their financial goals by creating a plan that is tailored to their specific needs and circumstances.

 

Sole Proprietorship Registration

To register a Sole Proprietorship in India, the proprietor must be an Indian citizen and a resident of India. No prior approval is required before starting the business. However, Non-Resident Indians (NRI) and Persons of Indian Origin can invest or start their sole proprietorship business only with prior approval from the Government of India. As Sole Proprietorship is an unorganized business structure, there is no specific law enforced for its registration. Our services for Sole Proprietorship registration are provided under the MSME (Micro, Small and Medium Establishments) Development Act, 2006 of the Central Government. The business entity must fulfill the registration requirements to obtain the registration certificate. Once registered under the MSMED Act, the entity can avail of subsidies, incentives, and schemes launched by the Central Government specific to their business.

 

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.

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.

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.

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.

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

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.

Deduct TDS on NRI Under Section 195

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.

Financial Advisory Session

The purpose of this meeting is to fully understand your unique situation, including your goals, concerns, challenges, aspirations, and risk tolerance. We do not have any prior knowledge about your personal life, such as your marital status, whether your spouse is employed, the number of children you have, whether you support any dependents, and whether you plan to pursue further education. Additionally, we do not know your current financial investments, cash flow, or any outstanding debts. Without a comprehensive understanding of your individual circumstances, we cannot offer any advice or develop a strategy to improve your financial well-being.

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.

GST Registration

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.

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.

GST Nil Return

GST Zero Return

Rectification in GST Details

Price varies depending upon type of rectification sought


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