CA Vijay Jadhao And Associates

Income Tax Department

Key Online Income Tax Services (Official Portal):

• e-Filing and Processing: Preparation and submission of various ITR forms (ITR-1 to ITR-7) and statutory forms.
• e-Pay Tax: Online payment of taxes via net banking, UPI, or credit/debit cards.
• View AIS: Accessing the Annual Information Statement (AIS) for tax data.
• Verification Services: e-Verify return, verify PAN status, and link Aadhaar.
• Compliance & Notices: Responding to notices, viewing demand/refund status, and rectification requests.

Income Tax Department

Professional Tax Services (CA/Consultants):

• Tax Planning & Advisory: Strategies to optimize tax liability and investment advice.
• Tax Audit & Litigation: Assisting with tax audits and representation before tax authorities.
• Compliance Services: Handling TDS compliance, reporting on foreign assets, and DTAA compliance.
• Registation of Trust under 12A and 80G services.

EZTax India

Commonly Used Income Tax Tools:

• Income Tax Calculator: To estimate tax liability under old/new regimes.
• Know Your JAO: To find the Jurisdictional Assessing Officer.
• e-Nivaran: For grievance redressal.

• Documentation & Filing: Experts manage the entire process, including filing the SPICe+ form with the Ministry of Corporate Affairs (MCA).
• Expert Guidance: Professionals such as Chartered Accountants and Company Secretaries handle mandatory documentation and regulatory compliance.
• Costs: Costs range from ₹1,499 to over ₹10,000 depending on the service provider, plus government fees and stamp duty.
• Included Services: Often, registration packages include 2 DSCs, 2 DINs, Certificate of Incorporation, PAN, TAN, and sometimes initial GST registration.
• Local Support: In Amravati.
• Specialized Services: Compliances of All ROC, CLB matters.
• Commonly registered entities include Private Limited Companies, Public Limited Companies (minimum 2/7 shareholders/directors).

Core Services Offered

Professional consultants and legal firms generally provide the following end-to-end support:



• Consultation & Planning: Advising on whether a Public Charitable Trust (for social welfare) or a Private Trust (for family/estate planning) is more suitable.
• Trust Deed Drafting: Meticulously preparing the primary legal document that outlines the trust's objectives, rules, trustee powers, and succession plans.
• Name Approval: Helping select a unique name that complies with the Emblems and Names (Prevention of Improper Use) Act, 1950.
• Registration Facilitation: Handling the submission of documents to the local Sub-Registrar or Charity Commissioner and coordinating the required physical presence of the settlor and witnesses.
• Tax & Compliance Setup: Assisting with the application for PAN and TAN numbers.
• Advanced Certifications: Guiding the trust through 12A and 80G registrations for income tax exemptions and donor tax benefits.



IndiaMART




Key Requirements for Registration




To utilize these services, you will typically need to provide:

• Trustees: A minimum of two trustees (one settlor and one other person).
• Documentation: Identity and address proofs (Aadhaar, PAN) of the settlor and all trustees, along with passport-sized photographs.
• Registered Office Proof: A utility bill (electricity/gas) and a No Objection Certificate (NOC) from the property owner if the space is rented.
• Stamp Duty: Payment of state-specific stamp duty on the trust deed, which varies based on the value of the trust's assets.



LegalDev




Typical Service Costs




Professional fees for these services vary by provider and state:



• Standard Trust Formation: Often ranges from ₹4,000 to ₹15,000, excluding government fees and stamp duty.
• NGO/Charitable Packages: Comprehensive services including 12A/80G registration may cost between ₹12,000 and ₹45,000.
• Computerized accounting systems (CAS) streamline financial finalization by automating data entry, posting, and report generation, resulting in faster, more accurate, and real-time financial statements. Key benefits include automatic ledger updates from voucher entries, reduced manual errors, and instant generation of profit and loss statements and balance sheets.

• Automation: Transactions are recorded via vouchers (receipt, payment, sales, purchase), and the software automatically updates ledger accounts and trial balances.
• Real-time Reporting: Financial statements (Balance Sheet, P&L) can be generated instantaneously at any time, allowing for faster decision-making.
• Data Integrity & Security: CAS ensures accuracy by eliminating manual calculation errors. It also offers data backup and restoration capabilities.
• Finalization Process: The process involves entering all vouchers, passing adjustments (depreciation, accruals), reviewing the adjusted trial balance, and generating final accounts, as detailed in the Overview of Computerised Accounting System and Chapter 01 Overview of Computerized Accounting System.
• Popular Software: Common systems include TallyPrime, QuickBooks, Zoho Books, and Oracle NetSuite.


• Benefits Over Manual Accounting:


• Speed & Efficiency: Faster data processing.
• Scalability: Suitable for any business size.
• Accuracy: Reduced human calculation errors.
• Storage: Compact, digital, and easily retrievable data.


• Limitations:


• Costs: High initial installation and training costs.
• Technical Dependence: Vulnerable to system failures and requires regular updates.
• Security Risks: Potential for data hacking if not properly secured

CSR (Corporate Social Responsibility) fund services assist companies in managing their mandatory social spending and help
NGOs access those funds. In India, under the Companies Act, 2013, eligible companies must spend at least 2% of their
average net profit on social welfare initiatives.

• Services for Corporations


• Specialized firms and consultants provide end-to-end management to ensure legal compliance and high social impact.
• Strategy & Policy Drafting: Helping boards create a CSR policy that aligns with business values and meets Section 135 requirements.
• NGO Due Diligence: Identifying and vetting credible NGO partners with valid registrations (CSR-1, 12A, 80G).
• Project Monitoring & Evaluation (M&E): Conducting regular field visits and audits to track fund utilization and project progress.
• Impact Assessment: Measuring the tangible outcomes of CSR investments through quantitative and qualitative studies.
• Compliance Reporting: Assisting in preparing mandatory annual CSR reports for the Ministry of Corporate Affairs (MCA).


• Services for NGOs


• These services focus on making non-profits "CSR-ready" to attract corporate funding.
• Registration Assistance: Helping obtain mandatory certifications like Form CSR-1, 12A, 80G, and registration on the NGO Darpan portal.
• Proposal Development: Crafting data-backed project proposals that align with corporate goals and Schedule VII of the Act.
• Fundraising Support: Connecting NGOs with potential corporate donors through networking and ecosystem platforms.
• Capacity Building: Training NGO staff on professional reporting, documentation, and digital adoption to meet corporate standards.

• We focus on member-owned financial operations, providing personalized, community-focused services like, agricultural loans, small business financing, deposit mobilization, and modern digital banking (NEFT/RTGS/IMPS). Regulated by the RBI and state registrars, they offer higher interest rates on deposits than commercial banks but face challenges with modernization and political interference.


• Key Management & Financial Services:
• Credit & Lending: Short-to-medium term loans for agriculture, small-scale industries, and personal needs (cash credits, overdrafts).
• Deposit Mobilization: Managing savings, current, and fixed deposit accounts.
• Digital Transformation: Implementation of mobile banking, internet banking, and secure payment systems.
• Risk Management & Compliance: Adhering to RBI regulations, managing Non-Performing Assets (NPAs), and implementing internal audit controls.
• Financial Inclusion: Providing banking services to rural and unbanked areas.
• Corporate Services: Specialized services for cooperative societies, including trade finance and salary account.
• Ownership: Owned and controlled by members based on the "one person, one vote" principle.
• Regulatory Framework: Dual control by the Reserve Bank of India (banking regulations) and the Registrar of Cooperative Societies (operational regulations).
• Types: Divided into Urban Cooperative Banks (UCBs) and Rural Cooperative Credit Institutions.

Under the Goods and Services Tax (GST) Act, services are broadly defined as anything other than goods, money, and securities. This encompasses a wide range of professional, commercial, and personal activities provided for a consideration in the course of business. The GST Council has established a simplified three-tier tax structure for services (effective September 22, 2025), with primary slabs at 5%, 18%, and 40%.

Taxable Service Categories

Most commercial services fall under the following categories:
Business & Professional Services (18%): Includes legal advice (via reverse charge for businesses), accounting, auditing, IT consulting, engineering, and architectural services.

Transport Services (5% - 18%):

  5%: Economy-class air travel, rail transport (AC), and passenger transport by motor vehicle where fuel cost is included.
  18%: Business-class air travel and most other non-essential transport.

Tourism & Hospitality (5% - 40%):

   5%: Hotels with tariffs below ₹7,500 per night and restaurant dining.
   40%: Five-star hotel stays (tariffs above ₹7,500) and luxury cruise services.

Financial & Insurance (18%):

Services such as banking charges, loan processing fees, and general insurance.
(Note: Individual life and health insurance premiums are now exempt).

Entertainment & Sin Services (40%):

  High-end entertainment like casinos, race clubs, gambling, and amusement parks.
  Telecommunication & IT (18%): Mobile services, internet data, and software development.

• MahaRERA registration is a mandatory requirement for most real estate projects and agents in
• Maharashtra ensure transparency and protect homebuyer interests. Managed by the Maharashtra Real Estate Regulatory Authority (MahaRERA), it requires developers to disclose comprehensive project details and adhere to strict financial disciplines,
• such as maintaining a dedicated escrow account for project funds.


Mandatory Registration Criteria
Registration Process for Promoters (Developers)
Registration for Real Estate Agents
Key Compliance & Financial Rules