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Manoj Raj and Associates
About Us
Services
Raj Financial Services
Marathon Finlease Ltd
R.C. N. Chits Pvt. Ltd.
Raj Charitable and Education Society
1. Last date of filing the belated return is
31st March 2008
and beyond which the return would attract a penalty of Rs. 5,000/-
2. For the
Assessment Year 2008-09
last date for filing the return of Income is 30th September for the assessee whose accounts are audited or the assessee is a Company. In other cases 31st July.
3. Income Tax Rate for the Assessment Year 2008-09 (For Individual Man and HUF) * 1.1 Lakh to 1.5 : 10% * 1.5 to 2.5 : 20% * 2.5 to above : 30% Except (For Individual Woman) * 1.45 to 1.5 : 10% (For Senior Citizen) * 1.95 to 2.5 : 20% + Education Cess 2% + S.H.E.C 1% (Surcharge 10% if income is more than 1 crore)
4. Firms and Domestic Company : 30% + Education Cess 2% + S.H.E.C 1% (Surcharge 10% if income is more than 1 crore)
5. Banking Cash Transaction Tax has been withdrawn after 31st March 2009.
6. Interest on borrowed capital paid during the previous year for a residential house is deductible upto Rs. 1,50,000 ( One Lakh Fifty Thousand Only ).
Wealth Tax
» 1% of the amount by which net wealth exceeds Rs. 15,00,000/-.
Gift Tax
» No tax if gift is upto Rs. 50,000/- from any person.
Service Tax
» Upto Rs. 10 Lakhs there is no service tax liability.
» The annual turnover limit for obtaining registration has been increased from 7 lakh to 9 lakh w.e.f. 1st April, 2008.
Sales Tax
» C.S.T. Reduced to 2% from 3% w.e.f. Ist June, 2008
Direct Taxes
» Short-term capital gains tax hiked to 15% o Securities Transactions Tax unchanged.
» Threshold exemption limit increased from 1,10,000 to 1,50,000 o Exemption limit for women increased to 1,80,000 o Exemption limit for senior citizens up from 1,95,000 to 2,25,000. New Tax Slabs for Assessment Year 2009-10.
» 1.5 lakh to 3 lakh: 10% o 3 lakh to 5 lakh: 20% o 5 lakh and above: 30% Indirect Taxes.
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» Services of Manoj Raj and Associates
Services of Manoj Raj and Associates
Accounting
For Local, National and International clients i.e. firms, company, society, school etc.
Design, Implementation and Review of accounting manual
Advice on various accounting issues including those related to Indian Accounting Standards.
Auditing and Assurance services
Statutory Audit of Firm, Company, Society, School etc. under The Income Tax Act, 1961
Audit under any other Law i.e. Company Law, Sales Tax Law etc.
System and Management Audit
Internal Audit * Bank Audit
Stock Audit
Due diligence
Certification work
Income Tax
Preparation of Income Tax Return of Individual, Partnership Firm, Company, Society, Trust, School etc.
Income Tax Assessment.
Consultancy in Tax Matters and Tax Planning
Foreign Taxation Consultancy
Transfer Pricing Matters
Withholding Tax Compliance
Fringe Benefit Tax Compliance
Income Tax Appeals before CIT (Appeals) and ITAT
Company Law matters
Formation of company in India, viz, Private Limited, Public Limited, Subsidiary Co. Government Co., Joint Venture Co., Holding Co., Foreign Co., etc.
All matters related with Registrar of Companies & Company Law Board
Maintenance & Compliance of Statutory Records
Sale and Purchase of Companies
Merger & Acquisitions
Corporate Restructuring
Consultancy in above matters
Foreign Exchange Management Act, RBI & Foreign Collaboration
Overseas Direct Investment & External Commercial Borrowing related matters & consultancy
NRI & PIO related matters & consultancy
Opening of Liaisoning office, Project office & Branch office in India
All types of Exchange Control Deptt. of Reserve Bank of India approval
Foreign collaboration agreement with various types of government approvals
Sales Tax and VAT Matters
Registration
Filing of periodicals returns
Assessment
Issue of necessary forms
Appeals
Service -Tax
Registration
Filing of returns
Maintenance of Records
Assessment
Other Services
Registration and Dissolution of Partnership Firms
Registration of Trust
Registration of Society
Import - Export code
Other Related Services
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