Karmv & Company Chartered Accountants

Sector 15, Gurugram, Haryana

We have gained proficiency by providing a superior range of Tax Audit Services. We hire a team of experienced professionals who are experienced in delivering these services. Our zero mistake performance translates into high satisfaction among our clients. All day round, we make our services available. We conduct our services making it hassle free for the clients. Our clients cherish these services for the timely execution of services. For providing our services, we make use of modern techniques and methods.

Additional Information :An Assessee is liable to get his Tax Audit done by a Chartered Accountant mandatorily, if in the previous year,

• The Person is carrying on business and his Total Sales/Turnover exceeds Rs. 1 Crore (Limit increased w.e.f. 1st April 2012) or
• The Person is carrying on Profession, and his Gross Receipts exceed Rs. 50 Lakhs (Applicable from Financial Year 2016-17 onwards) or
•  The Person is carrying on business or profession and is covered under the provisions of section 44AD, 44AE, 44AF, 44BB or 44BBB and claims that his income from the said business is lower than the deemed profits and gains computed under the relevant section

In synchronization with the stellar standing of ours, we offer our well-regarded clients a varied range of NRI Taxation Services. As a well renowned figure, we are committed towards meeting our clients precise needs. Our service is widely availed for its consistency & affordability. Our well-trained staff gets into discussion with the clients regarding taxation services in compliance of RBI and FEMA. The service is provided exactly per the specifications given by clients. Other than that, our service is highly cherished for timely execution among our clients.

Additional Information 

You are considered an Indian resident for a financial year :

• When you are in India for at least 6 months (182 days to be exact) during the financial year Or

• You are in India for 2 months (60 days) for the year in the previous year AND have lived for one whole year (365 days) in the last four years.

• If you are an Indian Citizen working abroad or a member of a crew on an Indian ship only the first condition is available to you - which mean you are a resident when you spend at least 182 days in India. The same is applicable to a PIO who is on a visit to India. The second condition is not applicable to these individuals. any of his grandparents were born in undivided India.

• You are an NRI if you do not meet any of these conditions.

We are the leading name in the industry that provides Sales Tax Consultants services. These services are provided by the proficient team of Chartered Accountant and Lawyers who are well versed with latest concepts and knowledge to make use of best methods and approaches on offer to ensure we deliver the best consultation. Apart from all these features, we also make sure to go easy on our clients pockets by offering Haryana VAT related consultancy, compliances and registration for a nominal fee.

Additional Information : Awaited Regime of GST

The following are the salient features of the proposed pan-India Goods and Services Tax regime that was approved by the Lok Sabha by way of an amendment to the Constitution :

• GST, or Goods and Services Tax, will subsume central indirect taxes like excise duty, countervailing duty and service tax, as also state levies like value added tax, octroi and entry tax, luxury tax.

• The final consumer will bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.

• As a measure of support for the states, petroleum products, alcohol for human consumption and tobacco have been kept out of the purview of the GST.

• It will have two components - Central GST levied by the Centre and State GST levied by the states.

• However, only the Centre may levy and collect GST on supplies in the course of inter-state trade or commerce. The tax collected would be divided between the Centre and the states in a manner to be provided by parliament, on the recommendations of the GST Council.

• The GST Council is to consist of the union finance minister as chairman, the union minister of state of finance and the finance minister of each state.

• The bill proposes an additional tax not exceeding 1% on inter-state trade in goods, to be levied and collected by the Centre to compensate the states for two years, or as recommended by the GST Council, for losses resulting from implementing the GST.