Taxblock

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Simplifying the Financial Compliances for the Individual & Businesses

Individual Taxation & Compliance

We aim to make tax compliance hassle-free for individuals. Our tax compliance and advisory methodology ensures accurate and up to date management of Individual taxes. Whether you are an NRI, a U.S citizen, or a resident going abroad, we offer the expertise to deal with complexities related to taxes, accounting and financial planning. Our services are tailored in such a way that it gets transforms based on the user requirements. 

Expert Assisted Income Tax Return Filing Services

1) India Tax Filing

Our team of tax advisors are specialised in individual taxes, and ensure that clients are provided quality services with end-to-end support throughout the financial year.

We offer India Tax Filing service through our “Expert Assisted ITR Filing” and “SELF-FILING” channel.

Our client for India taxes ranges from a Salaried Individual to a Business Income individual/corporate, we have the expertise in handling ITR1, ITR2, ITR3, ITR4, ITR5, ITR6 & ITR7

2) India Tax Filing for NRIs & EXPATS

We have a dedicated team which understands the peculiar complexities and the needs of the NRI clients and help them in optimising their overall tax outgo by utilising the benefits under the DTAA and local tax laws.

3) US Tax Filing

With the implementation of FATCA, several US persons have started realizing their obligations under the US tax laws. Taxblock India is specialized in providing US tax services. Our team of specialized U.S Tax Advisor aims at providing specialized service and year-round support.

Tax Planning

Never fall into a delusion that tax planning is only for HNIs or a business person. It helps every individual by minimising the effect of taxes on their income. Our competent tax planning helps you to save more and invest more to enjoy your dreamed financial future.

Support Services

  • Advance Tax
  • Refund Tracking
  • Notice/Scrutiny Assistance
  • House Property Tax
  • Planning
  • Form 15CA and 15CB
  • Form 13
  • Form 67

KEY Features of our Expert Assisted ITR filing Service:

  • REGISTER – UPLOAD – SUBMIT to get a Tax Advisor
  • A dedicated tax advisor is assigned to manage the Tax Compliance
  • Tax Advisor provide his expertise to ensure a user gets maximum refund and minimize the Tax Liability if any
  • Year round support and assistance by a Tax Advisor
  • Assistance in Claiming Refund, E-Verification
  • Call, Email & Chat facility to connect with the Advisor

Expert Assisted GST Compliance

Our team of GST experts would help you in every step of GST compliance. Be it maintenance, checking records of inward/outward supplies, reconciliation, annual accounting and audit. We are here to help you at every step with our technology-based service solutions and professional experts.

Our extended team support helps any company being Small/Medium/Large in maintaining their compliance activity on time with ZERO error/mismatch

Our Expert Assisted GST compliance services includes:

  • GSTR 3B

    A monthly summary that provides an overview of supplies made during the month along with GST to be paid, input tax credit claimed, purchases on which reverse charge is applicable.

  • GSTR 1

    A monthly or quarterly return filed by taxpayers to disclose details of their outward supplies along with their tax liability and invoice-wise details of every transaction for the month.

  • GSTR 9A

    This pertains to furnishing annual returns in the form of a summary of all the monthly/quarterly returns filed during the last financial year.

  • GSTR 9C

    If a taxpayer’s annual turnover exceeds the prescribed limit in a financial year, it is mandatory to get accounts audited by a practicing Chartered Accountant or Cost Accountant before filing returns in Form GSTR 9C. 

  • Assisted Reconciliation Services

    Our team of expert takes care of the “Reconciliation Activity” on a regular basis and takes necessary action to remove all the identified mismatches. We provide an end to end support throughout the year.
    We want Businesses to focus on the business activities rather than spending time in managing the GST Compliance throughout the year.

  • Reconciliation between returns

    Cross verifying GSTR 3B with GSTR 1 & GSTR 2A with Books of Accounts from our own software.

  • ITC verification

    Taxblock will reconcile the GSTR 3B with GSTR 2A (Monthly, Party-wise and Invoice-wise) and to ensure that the taxpayer has claimed correct Input Tax Credit (ITC). In case if the taxpayer has claimed any ITC in excess than actual or any ITC is not showing in GSTR 2A, then Taxblock will share the same with management.

  • Key Features of our Assisted GST Compliance:

    - Dedicated team of tax expert for preparing and timely filing of tax returns
    - Based on Quantum of work team size is defined & resource is allocated
    - Maker & checker concept to eliminate the chance of error
    - Calculation of monthly tax liability and the eligible input tax credit based on shared Sales & Purchase Ledger, Debit & Credit Notes and Reverse Charges
    - Monthly preparation of TDS Liability and preparing of challan (Form 24Q, 26Q, 27Q, 27EQ) & verification of information form the NSDL website
    - Follow up with vendors and with the internal team to resolve any issues that arise during reconciliation  
    - Option to opt for Monthly, Quarterly, Half Yearly & Annual Reconciliation

Corporate Taxation & Business Compliance

Let our experts keep your business legally compliant!

We offer corporate tax compliance services and provide one stop solution for all your compliance requirements. Our qualified and experienced tax advisor help you with your corporate tax planning and compliances. 

With Taxblock “Business Compliance” is no more a tedious task, we make it easy and efficient for you by offering the most up to date insights on business or tax compliances.

1) Business Compliance Services Includes: 

Incorporation of firms, corporations, and LLPs

Business Tax Planning: Our customized services help you with all your unique tax planning requirements. The primary goal of our experts is to minimize the burden of taxes on your income. 

TDS & TCS: TDS compliance falls on the shoulder of the person making the payment, generally the buyer. The payment is subject to deduction of a certain percentage of the money due to be paid to the payee. The entity deducting the tax at source is required to deposit the tax deducted to the credit of Central Government – quoting the Tax Deduction and Collection Number (TAN) number. TAN registered entities must file TDS quarterly.

Assistance in Tax Audit and Return Filing Services: Section 44AB of Income Tax Act, 1961, gives the provisions in relation to the taxpayers who need to get their accounts audited from a qualified chartered accountant. 
Our CAs are experts with years of experience in helping businesses with matters related to Tax Audit and Return filing.  

Audit ROC: Return on Capital (ROC) returns are filed with Ministry of Corporate Affairs (MCA) with whom the company is registered. It is mandatory to file the prescribed ROC forms on annual basis.

Certification Services: With in-depth knowledge and expertise, our high-quality tax and certification services help to meet specific requirements of our clients.

Software Services

Proof of Investment: A customized application work as an extended version of your existing ERP/Payroll application to effectively manage the:

  • Income Tax Declaration 
  • Investment Proof Submission
  • Investment Proof Verification

Taxblock in-house developed POI application is transforming & digitizing the manual process of “Income Tax Declaration, Proof Submission & Verification”. Use only Application or outsource the entire activity to Taxblock experts.

Key Features of POI Application: