Personal Tax

We advise individuals on personal tax planning with the aim of mitigating income tax, capital gains tax. We continue to devote significant resources, both human and technical, maintaining and enhancing our personal tax services to private clients. Legislation surrounding issues relating to private individuals, such as self-assessment tax and capital gains tax  is constantly changing and becoming more complex.

Our expertise within this area allows us to offer advice on the most recent developments whilst tailoring this to each client’s needs. One of the department’s particular areas of strength is advising individuals coming from overseas to India and non-resident landlords.

Personal tax is paid on one’s individual income and is different from the tax paid on firm’s profits.

However in an incorporated firm, the owners or the shareholders have to pay tax on both, their personal income (such as dividends) as well as the firm’s income (profits). The criteria for levying personal tax are same as that of Corporate Income tax with the same slabs as well. Mapasu can provide you with best Personal Tax Return Service. We also help you with filing of TDS Return as well.

Importance of Personal Tax

  • The tax collected by government is used for ensuring the welfare of the people (i.e for public benefit)
  • Personal Tax serves as a source of revenue for the government to be used as public revenue.
  • The tax payer does not receive direct and or special benefit in return.
  • It is paid only by those persons and entities who earns income exceeding a certain specified limit (2.5 lakhs in India)

Filing of Personal Tax Return

  • Register yourself on
  • Download the e-form allotted to you depending on your income
  • Pay tax(if applicable) and fill in the challan details.
  • Downloading the acknowledgement form so generated
  • Submit this form to the income tax department
  • We can help you with personal services Income Tax Return.

Corporate Tax

We are seen as a boutique tax consultancy, providing advice and solutions to complex corporate tax issues. Our international experience has enabled us to gain experience in advising on international as well as India corporate tax issues.

Mapasu Consultancy Services  offers consultancy to companies on domestic and international legislation, finding creative solutions to corporate tax problems. We provide compliance services to Indian companies, prepare computations and returns for filing with Government of India, prepare group tax provisions for inclusion in statutory accounts, advise on liabilities and the timing of payments and correspond with the tax authorities  in the case of disputes.

Corporate Income Tax Return

Corporate tax is levied on the profit of a firm, & different rates are used for different levels of profits. Corporate taxes are taxes against profits earned by businesses during a given period for which taxation is done; (generally applied to companies’ operating earnings). And whoever earns the corporate income needs to file corporate income tax return. Personal tax return is also essential that needs to be filed regularly.

All levels of Government levy Corporate Income Tax (Both Central & State).

Essentials of Corporate Income Tax
  • Corporate Income Tax serves as a source of revenue for the government to be used as public revenue.
  • The tax payer does not receive direct and or special benefit in return.
  • It is paid only by those persons and entities who earns income exceeding a certain specified limit (2.5 lakhs in India)
  • The tax collected by government is usually spent on benefit of people
Procedure for filing Corporate Income Tax Return India
  1. Register yourself on
  2. Download the e-form allotted to you depending on your income
  3. Pay tax(if applicable) and fill in the challan details.
  4. Downloading the acknowledgement form so generated
  5. Submit this form to the income tax department

TDS Returns

Tax Deducted at Source refers to a means of collecting income tax in India, under the Indian Income Tax Act of 1961. Any payment which is covered under these provisions shall be paid after deducting prescribed percentage. The tax which is deducted at source is known as TDS as the name suggests. TDS filing services are also provided by Mapasu.

It is compulsory for all corporate and government deductors to file their TDS returns on electronic media (e-TDS/TCS returns). However, those deductors who are not corporate/government deductors can file either in physical or in electronic form. However, when it comes to Advance tax Calculations, many of the big companies face a problem, but we can help you with this as well.

Importance of TDS
  • It reduces tax- evasion.
  • It serves as a steady source of revenue from the government
  • Easier for a deductee as tax gets automatically collected and deposited to the credit of the central government
Procedure for TDS e-Filing

  1. Go to the website and fill respective challan number for TDS payments
  2. Enter your TAN number and all other necessary details
  3. Confirm the data so entered and login to the net-banking page
  4. On successful TDS payment, the deductor is required to issue TDS certificate on yearly/quarterly basis.
  5. So, if you are facing any problem regarding TDS return filing services, just contact us, and we can solve your query with the help of our own professional team.

Goods & Services Tax

Goods and Services Tax (GST) is an indirect tax (or consumption tax) levied in India on the supply of goods and services. GST is levied at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer.

Goods and services are divided into five tax slabs for collection of tax - 0%, 5%, 12%,18% and 28%. However, Petroleum products, alcoholic drinks, electricity, are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax regime. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products.[2] Pre-GST, the statutory tax rate for most goods was about 26.5%, Post-GST, most goods are expected to be in the 18% tax range.

The tax came into effect from July 1, 2017 through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian government. The tax replaced existing multiple cascading taxes levied by the central and state governments.

The tax rates, rules and regulations are governed by the GST Council which consists of the finance ministers of centre and all the states. GST is meant to replace a slew of indirect taxes with a unified tax and is therefore expected to reshape the country's 2.4 trillion dollar economy, but not without criticism. Trucks' travel time in interstate movement dropped by 20%, because of no interstate check posts.

As per the GST Council, entities in special category states with an annual turnover of Rs.10 lakhs and above would be required to register under GST. All other entities in rest of India would be required to register for GST if annual turnover exceeds Rs.20 lakhs. There are also various other criteria's, that could make an entity liable for obtaining GST registration - irrespective of annual sales turnover. Entities required to register for GST as per regulations must file for GST application within 30 days from the date on which the entity became liable for registration under GST.

PAN Card of the Business and Applicant
GST registration requires the PAN (Permanent Account Number) of the business and authorized signatories/applicant (Directors / Partners / Proprietor).

Valid Indian Phone Number and Email address
A valid mobile number and an email address of the Primary Authorized Signatory is required to be filled at the time of GST registration.

Proof of Place of business
Principal Place of Business is the primary location within the State where a taxpayer's business is performed where the business's books of accounts and records are kept.
As a supporting document, keep following documents handy:

  • Any document in support of the ownership of the premises such as Latest Property Tax Receipt or Municipal Khata copy or copy of Electricity Bill.
  • Copy of the valid Rent / Lease Agreement/Consent letter (as applicable)
For every additional place of business in the state, proof of such additional place of business.

Valid bank account number from India
You need to mention details of the bank accounts maintained for conducting business. You can enter details of upto 10 Bank Accounts. You will also need to fill the Indian Financial System Code (IFSC) number of the same bank and branch.

Other details

  • List of Goods and Services
  • Proof of appointment of Authorized Signatory (Letter of Authorization or copy of board resolution)
  • Authorized Signatories photo (soft copy)
  • For Companies and LLP’s, it is important to have digital signature (class 2 digital signature) of the person who is authorised to sign the GST application
  • Incorporation certificate (for Company)
  • Other regulatory registration details such as Professional Tax, State Excise License details (If applicable)

Different Types of Returns applicable under the new GST Law

Return form Who should file the return and what should be filed? Due date for filing returns
GSTR-1 Registered taxable supplier should file details of outward supplies of taxable goods and services as effected. 10th of the subsequent month.
GSTR-2 Registered taxable recipient should file details of inward supplies of taxable goods and services claiming input tax credit. 15th of the subsequent month.
GSTR-3 Registered taxable person should file monthly return on the basis of finalization of details of outward supplies and inward supplies plus the payment of amount of tax. 20th of the subsequent month.
GSTR-4 Composition supplier should file quarterly return. 18th of the month of succeeding quarter.
GSTR-5 Return for non-resident taxable person. 20th of the subsequent month.
GSTR-6 Return for input service distributor. 13th of the subsequent month.
GSTR-7 Return for authorities carrying out tax deduction at source. 10th of the subsequent month.
GSTR-8 E-commerce operator or tax collector should file details of supplies effected and the amount of tax collected. 10th of the subsequent month.
GSTR-9 Registered taxable person should file annual return. 31st December of the next fiscal year.
GSTR-10 Taxable person whose registration has been cancell Within 3 months of date of cancellation or date of cancellation order, whichever is later.
GSTR-11 Person having UIN claiming refund should file details of inward supplies. 28th of the month, following the month for which the statement was filed.

Our founder has 21 years' of experience providing consultancy to businesses in various sectors