A Square Tax Consultancy & Services

15/09/2021

Hurry TODAY !!! Don't rush for TOMORROW !!!

20/09/2019

21/04/2017

Kindly note....

We will start filing Income tax return for the F.Y.2016-17 from May onwards.

Please refer to your friends and relatives for filing ITR.

Ashraf Sayed
+91-9890888860

30/03/2017

The Last date for submission of a valid return for A.Y 2015-16 expires on 31st March 2017 u/s139. Those tax payers whose return for A.Y 2015-16 have been declared invalid u/s 139(9) by CPC are requested to file their return u/s 139 (4) or 139(5) on or before 31st March 2017.

21/01/2015

Not just fine, evading tax could soon invite jail term!!

Tax evasion could soon become a prosecutable offence inviting jail term for offenders as the Supreme Court appointed special investigation team (SIT) on black money has suggested this to the government and sought a decision by March 31.

"The Central Board of Direct Taxes (CBDT) is examining which particular provisions of the Income Tax Act should be brought within the ambit of predicate offences and the said examination should be complete by March 31, 2015," the SIT told the SC on Tuesday.

It was followed by an important clarification. "To prevent any hardship to salaried and small tax payers, the government can prescribe a high threshold of say, more than Rs 50 lakh of tax evasion which could be considered as being a predicate office under Prevention of Money Laundering Act," it said.

Till date, tax evaders can admit their wrongdoing to the authorities when caught and escape jail term by agreeing to pay the evaded tax along with hefty penalty under the Income Tax Act. If the person fails to pay the tax and penalty for evading tax, then the authorities can seize his/her assets for realization of the dues.

Providing Service of complete package of tax compliance for starting a business in India, Accounting, Auditing, Co.formation, Dissolution & Tax Return filing.