ATS Accounts & Tax Solutions

12/11/2016

TDS deducted by Employer but not Deposited? How to check TDS details online? drop your queries...

30/09/2016

Missed the tax return filing deadline?

Still You can claim your Tax Refunds.

How ? -- Contact us.

20/06/2016

What is the GST bill?

Here's all you need to know about Country's biggest tax reform

The Goods and Services Tax bill, will simplify the current system of taxation. The bill will convert the country into a unified market by replacing all indirect taxes with one tax.

What is GST? Why is there a need for this bill?

GST (Goods and Services Tax) is a tax levied when a consumer buys a good or service.
The current tax regime is riddled with indirect taxes which the GST aims to subsume with a single comprehensive tax, bringing it all under a single umbrella. The bill aims to eliminate the cascading effect of taxes on production and distribution prices on goods and services.

What is the cascading effect of taxation?

Cascading effect of taxes is caused due to levy of different charges by state and union governments separately. In the current multi-staged tax-structure, the following taxes are levied by the centre and state separately:
Taxes levied by the Centre include: Income tax, service tax, central sales tax, excise duty and security transaction tax.

17/01/2016

No Tax for start-ups in India!

Incoming tax exemption on profit to for first three years. Happy that this government is actually doing something.

Action Plan covesr below as annouced by

1.Tax exemption for start-ups for three years.
2. Rs. 10,000 crore corpus fund to support start-ups.
3. Capital gains tax to be exempted for venture capital investments.
4. 80% reduction in patent registration fee.
5. Govt. to ensure 90-day window for start-ups to close businesses.
6. Self-certification compliance for start-ups across India.
7. No government inspection for three years for newly-formed start-ups.
8. New scheme to provide IPR protection to start-ups and new firms.
9. Innovation programme to start 5 lakh schools to target 10 lakh children.
10. Government is all set to launch an app to create a platform for interaction with start-ups

29/12/2015

http://www.moneycontrol.com/personal-finance/tools/gratuity-calculator.html

Gratuity Calculator: This tool will help you estimate how much gratuity you will get when you retire. Gratuity is paid if you have worked in a company for more than 5 years.

29/11/2015

Claiming IT deduction under Section 80DDB becomes easy

Read more at: http://www.moneycontrol.com/news/tax/claiming-it-deduction-under-section-80ddb-becomes-easy_3800461.html?utm_source=ref_article

Specialists in private hospitals can now give certificate for deduction under Section 80DDB of the Income Tax Act...

23/11/2015

Tax complexities for :
Will bring relief?
While taking a note of the possible benefits that may unfold under GST, it is too ambitious to expect that GST would turn out to be a one-step solution for all issues currently being faced by the sector.

22/11/2015

Income Tax department developing mobile app for filing return

Online filing of tax returns has caught up in a big way in recent years, while filings through mobile apps can make it even easier for the taxpayers.

22/11/2015

Government sets up 10 member panel to simplify income tax law

The panel, headed by retired Delhi high court judge R V Easwar, has also been tasked with identifying provisions and phrases in the I-T Act.