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class="content-area"> <main id="main" class="site-main">  <div class="news-page-area"> <div class="container"> <div class="row"> <div class="col-lg-12 col-md-12col-sm-12 col-xs-12"> <div class="news-main-content"> <article id="post-949" class="post-949 page type-page status-publish hentry"> <div class="entry-content mt0"> <div class="wpb-content-wrapper"> <div data-elementor-type="wp-page" data-elementor-id="949" class="elementor elementor-949"> <section class="elementor-section elementor-top-section elementor-element elementor-element-ea3d34d elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="ea3d34d" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58bdca3" data-id="58bdca3" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div 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data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <h3 style="color: #7A7A7A; font-size: 20px;">Get Your Taxation and Compliance Management Done Professionally</h3> For a business that is new to the ever-changing tax laws, taking the help of a professional tax advisory becomes a smart move to learn about the various tax compliances and incentives they are entitled to. We at Azalea Advisors offer a broad range of dynamic taxation compliance management services in India. Our team is composed of local tax experts adept at handling our clients’ taxation matters in this dramatically changing tax landscape. Our taxation and compliance management service offerings include: <ul class="ulcheck"> <li class="listcheck">Computation of various tax liabilities including Income Tax, Tax deducted at source (TDS), Goods and Service Tax (GST), Professional Tax etc. and assistance in discharging your tax liabilities to government periodically.</li> <li class="listcheck">Preparation and the filing of the Tax returns with the government as required by different statutes.</li> <li class="listcheck">Tax advisory and planning including identification of the various tax exemptions, deductions available and other tax benefits to minimize your tax liability.</li> <li class="listcheck">Transfer Pricing and Tax advisory relating to cross border transactions.</li> <li class="listcheck">Tax compliances for Foreign companies setting up new businesses in India</li> <li class="listcheck">All central/ State/ Municipality/ Local body tax expertise</li> </ul> Get in touch with us today if you require our compliance statutory management services so you can give your full attention to the core areas of your business. </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-48fb8ea elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="48fb8ea" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-51f465c" data-id="51f465c" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-a65eb7e elementor-widget elementor-widget-heading" data-id="a65eb7e" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h3 class="elementor-heading-title elementor-size-default">Frequently Asked Questions (FAQs)</h3> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-eedf470 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="eedf470" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-261e51d" data-id="261e51d" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-0c93478 elementor-widget elementor-widget-accordion" data-id="0c93478" data-element_type="widget" data-widget_type="accordion.default"> <div class="elementor-widget-container"> <div class="elementor-accordion"> <div class="elementor-accordion-item"> <div id="elementor-tab-title-1311" class="elementor-tab-title" data-tab="1" role="button" aria-controls="elementor-tab-content-1311" aria-expanded="false"> <span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden="true"> <span class="elementor-accordion-icon-closed"><i class="fas fa-plus"></i></span> <span class="elementor-accordion-icon-opened"><i class="fas fa-minus"></i></span> </span> <a class="elementor-accordion-title" tabindex="0"> What are the primary documents needed to e-file income tax online?</a> </div> <div id="elementor-tab-content-1311" class="elementor-tab-content elementor-clearfix" data-tab="1" role="region" aria-labelledby="elementor-tab-title-1311">The mandatory documents needed to e-file income tax online include: <ul class="ulcheck"> <li class="listcheck">Form 16 from the employer, for salaried employee.</li> <li class="listcheck">TDS Certificates</li> <li class="listcheck">Form 26AS</li> <li class="listcheck">Interest Certificate / TDS certificate from the banks / financial institution</li> <li class="listcheck">Statement from the broker in case there is a Profit / Loss on sale of Equities or Mutual Funds</li> <li class="listcheck">Interest Certificate from the Bank for Housing Loan or any other loan takens</li> <li class="listcheck">Bank statement</li> </ul></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-1312" class="elementor-tab-title" data-tab="2" role="button" aria-controls="elementor-tab-content-1312" aria-expanded="false"> <span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden="true"> <span class="elementor-accordion-icon-closed"><i class="fas fa-plus"></i></span> <span class="elementor-accordion-icon-opened"><i class="fas fa-minus"></i></span> </span> <a class="elementor-accordion-title" tabindex="0">What are the different modes I can use to file my return of income?</a> </div> <div id="elementor-tab-content-1312" class="elementor-tab-content elementor-clearfix" data-tab="2" role="region" aria-labelledby="elementor-tab-title-1312">Income Tax Return is prepared and filed online on Income Tax Efiling website. Once Income tax return is filed, it is required to be Everified in following ways: <ul class="ulcheck"> <li class="listcheck">By furnishing it electronically using a digital signature</li> <li class="listcheck">By using electronic verification code to transmit the data in return electronically</li> <li class="listcheck">By submitting the verification in Form ITR- V duly signed through speed post to Income Tax Department, Bangalore after filing the return electronically</li> </ul></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-1313" class="elementor-tab-title" data-tab="3" role="button" aria-controls="elementor-tab-content-1313" aria-expanded="false"> <span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden="true"> <span class="elementor-accordion-icon-closed"><i class="fas fa-plus"></i></span> <span class="elementor-accordion-icon-opened"><i class="fas fa-minus"></i></span> </span> <a class="elementor-accordion-title" tabindex="0">What is Tax Deducted at Source (TDS) and TDS Returns?</a> </div> <div id="elementor-tab-content-1313" class="elementor-tab-content elementor-clearfix" data-tab="3" role="region" aria-labelledby="elementor-tab-title-1313"><p>Under the system of TDS, the payer deducts the tax at the origin of the income and remits it on behalf of the payee to the government. This system was introduced for quick and efficient collection of taxes by the government. TDS returns are quarterly statements submitted to the Income Tax Department by the payer which show all the transactions for TDS collected by the deductor and paid to the Income Tax authority.</p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-1314" class="elementor-tab-title" data-tab="4" role="button" aria-controls="elementor-tab-content-1314" aria-expanded="false"> <span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden="true"> <span class="elementor-accordion-icon-closed"><i class="fas fa-plus"></i></span> <span class="elementor-accordion-icon-opened"><i class="fas fa-minus"></i></span> </span> <a class="elementor-accordion-title" tabindex="0">Why are GST compliances important?</a> </div> <div id="elementor-tab-content-1314" class="elementor-tab-content elementor-clearfix" data-tab="4" role="region" aria-labelledby="elementor-tab-title-1314">Being compliant with GST regulations can significantly reduce your chances of scrutiny by GST officials and have a positive impact on your business with higher GST compliance ratings. It can result in speedy credit of refund claims and give you an advantage over the other competitors.</div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-1315" class="elementor-tab-title" data-tab="5" role="button" aria-controls="elementor-tab-content-1315" aria-expanded="false"> <span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden="true"> <span class="elementor-accordion-icon-closed"><i class="fas fa-plus"></i></span> <span class="elementor-accordion-icon-opened"><i class="fas fa-minus"></i></span> </span> <a class="elementor-accordion-title" tabindex="0">What are the penalties for non-filing of GST returns?</a> </div> <div id="elementor-tab-content-1315" class="elementor-tab-content elementor-clearfix" data-tab="5" role="region" aria-labelledby="elementor-tab-title-1315">Any registered person who fails to file their GST returns (GSTR-1, GSTR-2, GSTR-3 or Final Return) within the prescribed due dates shall be liable to pay a late fee of Rs. 50 per day, subject to a maximum of Rs. 5,000.</div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-1316" class="elementor-tab-title" data-tab="6" role="button" aria-controls="elementor-tab-content-1316" aria-expanded="false"> <span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden="true"> <span class="elementor-accordion-icon-closed"><i class="fas fa-plus"></i></span> <span class="elementor-accordion-icon-opened"><i class="fas fa-minus"></i></span> </span> <a class="elementor-accordion-title" tabindex="0">What are the mandatory compliances, if the company has no revenue or other business transactions?</a> </div> <div id="elementor-tab-content-1316" class="elementor-tab-content elementor-clearfix" data-tab="6" role="region" aria-labelledby="elementor-tab-title-1316">Even if your Company has not generated any revenue or done any business transactions, statutory audit, secretarial filings and filing the income tax return come under mandatory compliances.</div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-1317" class="elementor-tab-title" data-tab="7" role="button" aria-controls="elementor-tab-content-1317" aria-expanded="false"> <span class="elementor-accordion-icon elementor-accordion-icon-left" aria-hidden="true"> <span class="elementor-accordion-icon-closed"><i class="fas fa-plus"></i></span> <span class="elementor-accordion-icon-opened"><i class="fas fa-minus"></i></span> </span> <a class="elementor-accordion-title" tabindex="0"> What are the mandatory compliances once the company gets registered?</a> </div> <div id="elementor-tab-content-1317" class="elementor-tab-content elementor-clearfix" data-tab="7" role="region" aria-labelledby="elementor-tab-title-1317">Upon registration, a company needs to abide by the following mandatory compliances: <ul class="ulcheck"> <li class="listcheck"> Secretarial Compliances: Regardless of the turnover, MGT 7, AOC 4 and ADT 1 are required to be submitted every year.</li> <li class="listcheck"> PF, ESIC, Professional Tax: Depending on the number of employees in your organization, these statutory deductions are to be accounted for and filing its monthly returns are mandatory.</li> <li class="listcheck">Income Tax Return: Even when there are no transactions in the company, an income tax return has to be filed.</li> <li class="listcheck">TDS Returns: If you are paying salaries to you employees, or rent or any such fees that require TDS to be deducted, then you need to file TDS Returns.</li> <li class="listcheck">GST Returns: If your company has registered for GST, you need to file monthly GST returns (GSTR 3B and GSTR 1).</li> <li class="listcheck">Statutory Audit: As per the laws prescribed under the Companies Act 2013, every company must get its books of accounts audited regardless of its turnover.</li> </ul></div> </div> </div> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-12ea3b2 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="12ea3b2" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-40d30d6" data-id="40d30d6" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-2287551 elementor-widget elementor-widget-text-editor" data-id="2287551" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <div class="vc_empty_space" style="height: 100px"><span class="vc_empty_space_inner"></span></div>[/vc_column][/vc_row]<div class="vc_row wpb_row vc_row-fluid"><div class="wpb_column vc_column_container vc_col-sm-12"><div class="vc_column-inner"><div class="wpb_wrapper"> <div class="home-testimonial-area"> <div class="container"> <div class="row"> <div class="total-testimonial"> <div class="home-testimonial"> <div class="single-testimonial text-center"> <p> <i class="fa fa-quote-left" aria-hidden="true"></i>Azalea Advisors has been an invaluable help to my business. They have provided excellent service for the registration of our LLP. We are impressed with their professionalism and diligence in everything they did during the registration process. We look forward to working with you guys in the future.</p> <div class="details"> <h3>Neha Makdey</h3> <p>Director – Expert Academic Help Services LLP</p> </div> </div> <div class="single-testimonial text-center"> <p> <i class="fa fa-quote-left" aria-hidden="true"></i>Payroll was never a problem when we had about 50 employees. However, when the strength increased to 100+, processing payroll became increasingly difficult to manage in-house. The number of man-hours spent on it was too much then we decided that it was the right time to outsource payroll to expert Payroll management consultancy. The relationship with Azalea Advisors has been excellent. Team Azalea has taken care of our company’s end-to-end payroll right from employee master creation to processing salary. The implementation process was smooth and efficient and they were able to migrate the entire excel data into the application in weeks time. Their account management team and support team are very responsive. I will definitely recommend them for their payroll services. Looking forward for a continued relationship.</p> <div class="details"> <h3>Shashi Kumar</h3> <p>CEO – Grand View Research Private Limited</p> </div> </div> <div class="single-testimonial text-center"> <p> <i class="fa fa-quote-left" aria-hidden="true"></i>Azalea Advisors is one stop solution to start your Organization right from the incorporation to handling accounting, compliances and filling returns. I am very impressed with their helpful staff and quick response. They are easy and reliable therefore we have given them to take care of our entire financial process. Excellent services! I will surely recommend to everyone – friendly, hassle free and absolutely affordable services for startups.</p> <div class="details"> <h3>Bhawna Bhutani</h3> <p>Director – Global Market Insights Research Private Limited</p> </div> </div> <div class="single-testimonial text-center"> <p> <i class="fa fa-quote-left" aria-hidden="true"></i>Azalea Advisors has been handling our company’s payroll for more than a year and the overall experience has been more than satisfactory. We save 4 to 5 man-days that can be spent effectively by focusing on our core activities. Their support team and account-management team have been very responsive in handling all our queries.</p> <div class="details"> <h3>Charanjeet Singh</h3> <p>Director – Global Market Insights Research Private Limited</p> </div> </div> <div class="single-testimonial text-center"> <p> <i class="fa fa-quote-left" aria-hidden="true"></i>Thanks to Azalea Advisors who have helped us in all the formalities while forming the company and made the process very smooth . We received the right kind of co-operation from their team at every step. While they stand out exceptionally in terms of professionalism, Team Azalea is always keen to assist in many other aspects related to business. I personally would recommend them to friends and acquaintances in my circles for their timely assistance, transparency in work, clear and correct information that they provide and their well disposed outlook with each and every client.</p> <div class="details"> <h3>Soumya Vilekar</h3> <p>Director – Involute Metal Powder Technologies LLP</p> </div> </div> </div> </div> </div> </div> </div> <div class="vc_empty_space" style="height: 30px"><span class="vc_empty_space_inner"></span></div></div></div></div></div> </div> </div> </div> </div> </div> </section> </div> </div> </div> </article> </div> </div> </div> </div> </div>  </main> </div> </div>  <div class="call-top-action"> <div class="container"> <div class="row"> <div class="col-lg-10 col-md-10 col-sm-12 col-xs-12"> <div class="subscribe-text">  </div> </div> <div class="col-lg-2 col-md-2 col-sm-12 col-xs-12"> <div class="subscribe-now"> <a href=""></a> </div> </div> </div> </div> </div>   <footer class="ftr"> <div class="footer-top-area"> <div class="container"> <div class="row main-footer"> <div class="col-lg-3 col-md-3 col-sm-3 col-xs-12 regwdgt widget_text"><div class="single-footer"><h3>Azalea Advisors</h3> <div class="textwidget"><p style="text-align: justify; color: white;">Azalea Advisors - Conceptualized by professionals, advisory group comprising of a team of chartered accountants having significant experience across varied industries and business segments, offering gamut of services under one umbrella. </p> </div> </div></div><div class="col-lg-3 col-md-3 col-sm-3 col-xs-12 regwdgt widget_text"><div class="single-footer"> <div class="textwidget"><div class="footer-widget-two"> <h3>Address</h3> <ul class="fa-ul"> <li> <i class="fa fa-paper-plane-o fa-li" aria-hidden="true"></i> 604, Archway, Sopan Baug Balewadi </br> Pune, Maharashtra 411045 </li> <li> <i class="fa fa-paper-plane-o fa-li" aria-hidden="true"></i> WeWork C-20, G Block, Bandra Kurla Complex <br> Mumbai, Maharastra - 400051 </li> </ul> </div></div> </div></div><div class="col-lg-3 col-md-3 col-sm-3 col-xs-12 regwdgt widget_text"><div class="single-footer"> <div class="textwidget"><div class="footer-widget-two"> <h3>Contact Us</h3> <ul class="fa-ul"> <li><i class="fa fa-phone fa-li" aria-hidden="true"></i> <a href="tel://+918554012300" > +91 85540 12300 </a> </li> <li><i class="fa fa-phone fa-li" aria-hidden="true"></i> <a href="tel://+918806012300" > +91 88060 12300</a> </li> <li><i class="fa fa-envelope-o fa-li" aria-hidden="true"></i> <a href="mailto:info@azaleaadvisors.com">info@azaleaadvisors.com</a> </li> </ul> </div><br><br> <nav class="social"> <ul class="socialone"> <li class="listsocial"><a class="socialhover" href="https://www.facebook.com/pages/Azalea-Advisors/1500412210201105?ref=aymt_homepage_panel"><i class="fa fa-facebook" aria-hidden="true"></i></a></li> <li class="listsocial"><a class="socialhover" href=" https://twitter.com/azaleaadvisors"><i class="fa fa-twitter" aria-hidden="true"></i></a></li> <li class="listsocial"><a class="socialhover" href="https://www.linkedin.com/company/azalea-advisors?trk=nav_account_sub_nav_company_admin"><i class="fa fa-linkedin" aria-hidden="true"></i></a></li> <li class="listsocial"><a class="socialhover" href="https://plus.google.com/u/0/101174226734033262332"><i class="fa fa-google-plus" aria-hidden="true"></i></a></li> <li class="listsocial"><a class="socialhover" href="https://goo.gl/maps/W2vURdPwVBSwED7u5"><i class="fa fa-map-marker" aria-hidden="true"></i></a></li> </ul> <nav> </div> </div></div> </div> </div> </div> <div class="footer-bottom-area"> <div class="container"> <div class="row"> <div class="col-lg-12 col-md-12 col-sm-12 col-xs-12 text-center"> <p>Azalea Advisors . 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