Tax consultancy is a new trend for common people in India, although for rich ones it has always been a luxury. Here is a brief view of the jobs and functions of a tax consultant and certain other aspects.
The role of a tax consultant is like a moderator between a tax payer and the tax administrator. So it is very important for him to be independently discreet in his task. He needs to be loyal and honest to both, his client as well as the state. He needs to make sure that the client doesn’t involve in tax evasion and yet finds himself (the client) comfortable in paying them. Tax consultants advise his client with all the possible information related to tax. And also all the possible ways of investments that may help him pay less tax and yet the tax is not evaded by them.
The tax system in India is federal. That means there are direct taxes levied by the central government, and there are other taxes which are levied by the state. Therefore tax is levied by two bodies which are though not individually independent, but levy independent taxes to the tax payer. Sometimes there is yet another tax which is levied by the local government. tax consultants in india need therefore to be fully acquainted with the rules and regulations and the day to day changes in taxation policies and rules.
There are several income tax consultant in India who have a renowned name and are known all over the country for their services. There is also a great demand of such consultants and so it is a booming profession. income tax consultants in delhi are however more prominent, because Delhi is the capital of India and all tax rules and tax rule evaders are common to find in the city.
The tax consultancy services mainly include direct tax services, non resident taxation, FEMA, US Gaap, Regulatory compliances payroll processing etc... All these tasks are carried out by an income tax consultant in India.
And if you have an aircraft, well then you may have tremendous tax advantages if the acquisition is discreetly structured. aviation tax consultants can help you acquire a new aircraft in the most tax efficient manner. They can help you almost eliminate sales tax and also maximize your income tax benefits through an ownership structure which is designed specifically and properly.
The specific function of tax consultants is the proper guidance which benefits the client and doesn’t harm the government. So a dedicated tax consultant is one who is updated with all the information and is also skilled enough to use them when the time is right.
Cases have been found that a particular citizen has the capability to save thousands of bucks and yet due to their negligence they pay an enormous amount. Government and Indian tax department is not liable to guide them about the simple facts, that the constitution of India gives the privilege to the citizen to save tax and make proper investments which helps both, the state as well the citizen. Hiring a tax consultant is an easy way to get rid of the tax troubles and also save money.
These days in India, even very good tax consultants are available in very affordable prices to guide you and get you out of troubles. Whether it is simple tax consultants, income tax consultants, or aviation tax consultants they are all there at your service.
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