Texaion
Tax & Accounting Certifications
At Baldha Associates, we provide end-to-end tax registration, compliance, and certification services to ensure your business stays legally compliant and financially organized.
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1. GST Registration (Goods and Services Tax)
- Description: Mandatory registration for businesses supplying goods and services across India and exceeding specified turnover limits under the GST Act, 2017.
- Compliance: Timely filing of GST returns (monthly/quarterly/annual). Maintenance of sales, purchase, and tax records.
- Use: Collection of GST from customers. Claiming input tax credit.
- Validity: Valid until canceled voluntarily or by the GST Department.
- Issuing Authority: Central Board of Indirect Taxes and Customs (CBIC) via GST portal.
2. TAN (Tax Deduction Account Number) Registration
- Description: Mandatory for businesses and individuals who are required to deduct or collect tax at source (TDS/TCS) under the Income Tax Act, 1961.
- Compliance: Timely filing of TDS/TCS returns. Issuance of TDS certificates to deductees.
- Use: Deduction of tax at source while making specified payments.
- Validity: Permanent unless surrendered.
- Issuing Authority: Income Tax Department of India via NSDL portal.
3. PAN Registration
- Description: Permanent Account Number (PAN) is a unique 10-digit alphanumeric identifier issued for income tax purposes.
- Compliance: Mandatory for financial transactions above specified limits. Must be linked to Aadhaar and regularly updated.
- Use: Income Tax filing. Bank account opening. Sale/purchase of immovable property, mutual funds, etc.
- Validity: Lifetime, unless canceled.
- Issuing Authority: Income Tax Department of India.
4. Income Tax Registration
- Description: Registration as a taxpayer with the Income Tax Department to file regular tax returns based on income generated.
- Compliance: Annual filing of ITR (Income Tax Returns). Advance tax payments (if applicable).
- Use: Compliance with direct tax laws. Availing tax refunds, carrying forward of losses.
- Validity: Lifetime (for individuals and businesses) unless de-registered.
- Issuing Authority: Income Tax Department of India.
5. Tax Audit Certification
- Description: Certification under Section 44AB of the Income Tax Act, ensuring that accounts are audited when turnover exceeds prescribed limits.
- Compliance: Audit of books of accounts by a Chartered Accountant. Timely submission of Tax Audit Report in Form 3CA/3CB and 3CD.
- Use: Mandatory for businesses with turnover exceeding ₹1 Crore (business) or ₹50 Lakh (professionals). Avoidance of heavy penalties.
- Validity: Annual compliance (every financial year).
- Issuing Authority: Conducted and certified by practicing Chartered Accountant (CA).
6. Accounting Standards Certification
- Description: Certification ensuring that businesses maintain financial accounts following the prescribed Indian Accounting Standards (Ind AS) or other applicable standards.
- Compliance: Proper recording, classification, and summarization of transactions. Preparation of financial statements in compliance with regulatory bodies.
- Use: For statutory audits, funding, mergers, and IPOs. Transparency and reliability of financial information.
- Validity: As per business audit cycle; needs continuous adherence.
- Issuing Authority: Chartered Accountant (CA) Firms, Internal Audit Teams, and Statutory Auditors.
7. Chartered Accountant (CA) Certifications
- Description: Certifications issued by licensed Chartered Accountants verifying compliance for a wide range of financial and regulatory requirements (like Net Worth Certificates, Project Reports, Fund Utilization Certificates, etc.)
- Compliance: Business operations must comply with applicable laws, including tax laws, corporate laws, and accounting standards.
- Use: Bank loans, visa applications, tender submissions, project finance, company formation, mergers & acquisitions.
- Validity: Depends on purpose: typically valid for the transaction date/year.
- Issuing Authority: Licensed Chartered Accountants (registered with ICAI — Institute of Chartered Accountants of India).
Why Choose Baldha Associates?
End-to-end Tax, GST, and Compliance Solutions
Dedicated CA Partners for Audit and Certification
24/7 Support for Tax Filing and Regulatory Compliance
