VKG Accounting Solutions

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The government on Tuesday extended the deadline to link the Permanent Account Number (PAN) with Aadhaar card by three mo...
29/03/2023

The government on Tuesday extended the deadline to link the Permanent Account Number (PAN) with Aadhaar card by three months to 30th June, 2023.

The Income Tax department had earlier made it mandatory to link the PAN to Aadhaar card by 31 March, 2023.

If a taxpayer fails to do so by 30 June, his/her PAN will become inoperative, which means you will not be able to file income tax returns, perform several banking services, or carry out stock market transactions.

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A partnership firm is a type of entity where more than one person is carrying out business under one entity. Partnership...
27/03/2023

A partnership firm is a type of entity where more than one person is carrying out business under one entity. Partnerships firms in India are of two types - Registered partnership firms and unregistered partnership firms.

Registering a Partnership is the right choice for small enterprises as the formation is straightforward and there are minimal regulatory compliances.

⚫ A partnership firm is required to file a partnership firm income tax return under the Income Tax Act, of 1961. Partnership firms are liable to pay income tax at the rate of 30% of total income. Besides, a partnership firm is liable to pay an income tax surcharge of 12% if the total income exceeds Rs.1 crores.

⚫ Education Cess is applicable on the amount of the income tax and the applicable surcharge at the rate of 2%. Secondary and higher education cess is applicable on the amount of the income tax and the applicable surcharge at the rate of 1%.

⚫ For Partnership income tax return filing should be done through Form ITR-5. This form ITR-5 is used for partnership firm income tax returns and not the tax returns for the partners.

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When it comes to taxes and taxation services, precision and accuracy are crucial. That's why at VKG Accounting Solutions...
25/03/2023

When it comes to taxes and taxation services, precision and accuracy are crucial. That's why at VKG Accounting Solutions, we take great pride in our ability to deliver exceptional tax services that are tailored to the unique needs of our clients.

Our team of experienced professionals has a proven track record of providing accurate and reliable tax services that help our clients achieve their financial goals. We understand that tax laws and regulations can be complex and ever-changing, which is why we stay up-to-date on the latest developments to ensure that we are always providing our clients with the best possible advice and guidance.

When you choose VKG Accounting Solutions for your tax needs, you can rest assured that you are working with a team that is dedicated to your success. Our commitment to precision and accuracy is reflected in our work, which is why our clients trust us to help them navigate even the most complex tax situations.

So why settle for anything less than the best? Choose VKG Accounting Solutions for all of your tax and taxation needs and experience the difference that precision and accuracy can make.

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Protecting your brand is crucial in today's competitive business world. A trademark is the foundation of your brand and ...
22/03/2023

Protecting your brand is crucial in today's competitive business world. A trademark is the foundation of your brand and serves as a unique identifier of your goods or services. Trademark registration offers many advantages to businesses, including exclusive rights, protection against infringement, recognition of quality, creation of a valuable asset, and building customer loyalty.

At VKG Accounting Solutions, we understand the importance of trademark registration and can help you protect your brand identity. Our team of experienced professionals can guide you through the entire process of trademark registration, from conducting a trademark search to filing the application and monitoring your trademark. With our expert assistance, you can rest assured that your brand is protected and that you can take full advantage of the benefits of trademark registration.

Don't leave your brand unprotected. Contact us today to learn more about how we can help you with trademark registration and other accounting solutions.

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A sole proprietorship registration is a business that is owned, directed, and run by an individual. Proprietorship is th...
20/03/2023

A sole proprietorship registration is a business that is owned, directed, and run by an individual. Proprietorship is the most popular type of unregistered business entity that is owned, managed, and controlled by one person.

Proprietorship Registration in Delhi is preferred by most micro and small businesses that are operating in the unorganized sector. Entrepreneurs who are getting into the business for small-scale business with a few clients can get proprietorship registration as it best suits their needs.

VKG Accounting Solutions provides the best registration services in Delhi with our expert advisory.

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As the due date for filing of quarterly TDS statement for quarter 4 would approach, you are advised to file the TDS stat...
16/03/2023

As the due date for filing of quarterly TDS statement for quarter 4 would approach, you are advised to file the TDS statement well before the due date for Non-Government & Government deductors. You are requested to make note of the following facts before filing the quarterly TDS statement:

✔️ Correct Reporting: Cancellation of the TDS statement and deductee row is no longer permissible.
✔️ Quote correct and valid lower rate TDS certificate in the TDS statement wherever the TDS has been deducted at a lower/zero rate on the basis of the certificate issued by the Assessing Officer.
✔️ The late filing fee, being statutory in nature, can not be waived.
✔️ Download the PAN master from TRACES and use the same to file a new statement to avoid quoting incorrect and invalid PAN.
✔️ Validate the PAN and name of the fresh deductees from the TRACES site before quoting it in the TDS statement.
✔️ Download the TDS certificate (Form 16A) from TRACES (www.tdscpc.gov.in) bearing the unique TDS certificate number and issue it to the taxpayers within the due date.
✔️ File correction statements promptly in case of incomplete and incorrect reporting.
✔️ Download the justification report to know the details of TDS defaults, if any, on the processing of the TDS statement.
✔️ Do view your Dashboard regularly to know about your TDS performance. 12. Government deductors should obtain BIN (Book Identification Number) from their Accounts Officer (AIN holder) in time and quote the same correctly in the TDS statement.

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Attention all taxpayers: The tax deadline is fast approaching. Take control of your financial obligations and file your ...
15/03/2023

Attention all taxpayers: The tax deadline is fast approaching. Take control of your financial obligations and file your taxes before the deadline to avoid any potential penalties or fees.

At VKG Accounting Solutions, our experts are there to help you at every hour. Let's ensure compliance and financial responsibility together.

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LLP or Limited liability partnership is a type of business that allows the partners to administer their internal managem...
13/03/2023

LLP or Limited liability partnership is a type of business that allows the partners to administer their internal management on the basis of a mutually arrived agreement just as in the case of a partnership firm. But in an LLP no partner is liable on account of the independent or unauthorized actions of other partners, thus protecting the personal assets of individual partners.

A minimum of two partners are required to form an LLP whereas there is no maximum limit for the number of partners.

Advantages of LLP:
✔️ Less compliance and low cost:
✔️ Limited liability of partners:
✔️ No minimum capital contribution is required:
✔️ Separate Legal entity:

The limited liability limited partnership (LLP) structure of organizing a business allows each partner to both enjoy limited liability from outside stakeholders as well as from the other partners. All partners are thus limited partners (LPs) and there is no general partner (GP).

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LTA is an exemption for allowance/assistance received by the employee from his employer for travelling on leave. Many fa...
10/03/2023

LTA is an exemption for allowance/assistance received by the employee from his employer for travelling on leave. Many factors need to be kept in mind before planning the travel for the purpose of claiming LTA exemption. Income tax provision has laid down rules with respect to claiming exemption of LTA.

The tax exemption of leave travel allowance is not available in case you choose the new tax regime.

Conditions for Claiming LTA:

✔️ Actual journey is a must to claim the exemption
✔️ Only domestic travel is considered for exemption i.e., travel within India. No international travel is covered under LTA
✔️ The actual cost of travel is limited to air, rail or bus fare incurred for domestic travel.
✔️ Expenses on local conveyance, sightseeing, stay, food, etc., are not eligible for this exemption.
✔️ Note that if the employees’ salary structure does not have an LTA component, they can’t claim exemption for any travel expense.
✔️ The exemption for travel is available for the employee alone or with his family, where ‘family’ includes the employee’s spouse, children and wholly or mainly dependent parents, brothers, and sisters of the employee.

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As we celebrate the arrival of spring and the triumph of good over evil, VKG Accounting Solutions wishes you all a very ...
08/03/2023

As we celebrate the arrival of spring and the triumph of good over evil, VKG Accounting Solutions wishes you all a very happy and colorful Holi.

May this festival of colors bring joy, happiness, and prosperity to your life. Let's come together and spread love, unity, and harmony among our families, friends, and communities.

At VKG Accounting Solutions, we believe that every color adds beauty and diversity to our lives, just like every financial decision adds value and growth to our businesses. We are committed to providing our clients with expert accounting solutions and guidance that help them achieve their financial goals.

On this auspicious occasion, let's take a moment to appreciate the vibrant colors of life and cherish the relationships that make our journey worthwhile.

Once again, wishing you a very Happy Holi!

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Welcome to VKG Accounting Solutions, where we believe in providing our clients with the best accounting services and adv...
06/03/2023

Welcome to VKG Accounting Solutions, where we believe in providing our clients with the best accounting services and advice. As part of our commitment to excellence, we are here today to clarify the difference between some of the most commonly used trademark symbols: (™), (C), and (R).

The (™) symbol is used to indicate that a trademark is being claimed. This symbol is used to identify a brand or product, and it indicates that the trademark is being used to distinguish the products or services of one business from those of others. This symbol can be used with an unregistered trademark, meaning a trademark that has not yet been officially registered with the relevant authorities.

The (C) symbol, on the other hand, is used to indicate that a trademark has been officially registered with the relevant authorities. This symbol indicates that the trademark is protected under the law, and that it cannot be used by anyone else without the owner's permission.

The (R) symbol is used to indicate that a trademark is not only registered, but also has been officially recognized and granted full protection under the law. This symbol indicates that the trademark has undergone a rigorous process of review and approval by the relevant authorities, and it enjoys the highest level of legal protection.

It is important to use these symbols correctly, as they indicate the level of protection afforded to a particular trademark. If you are unsure about which symbol to use, or when it is appropriate to use them, we at VKG Accounting Solutions can provide you with expert advice and guidance.

We pride ourselves on providing our clients with the highest level of service, and we are here to assist you with all of your accounting needs.

For any info,
Reach out to us with your requirements.

Call: +91-9873455422
Visit: http://vkgconsulting.com/

At VKG Accounting Solutions, we believe that what sets us apart is our commitment to providing exceptional service to ou...
03/03/2023

At VKG Accounting Solutions, we believe that what sets us apart is our commitment to providing exceptional service to our clients. We understand that every business has unique needs, which is why we take the time to get to know each of our clients and tailor our services to meet their specific requirements.

Our team of professionals has years of experience in the accounting industry, which means that you can trust us to provide you with accurate and reliable financial information. We take client confidentiality very seriously and will always prioritize your privacy and security.

We also take pride in our errorless ITR and filing services, ensuring that your tax returns are submitted on time and without any errors. Plus, with our multiple legal services, we can provide you with the guidance and support you need to navigate complex legal issues and make informed decisions.

So if you're looking for an accounting company that truly cares about your business, choose VKG Accounting Solutions. Let us help you take your business to the next level.

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Call: +91-9873455422
Visit: http://vkgconsulting.com/

Address

Delhi

Opening Hours

Monday 10am - 7:30pm
Tuesday 10am - 7:30pm
Wednesday 10am - 7:30pm
Thursday 10am - 7:30pm
Friday 10am - 7:30pm
Saturday 10am - 7:30pm

Telephone

+918860635371

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