Services

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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 http://incometaxindiaefiling.gov.in/
• 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.

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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 http://incometaxindiaefiling.gov.in/
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 https://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp 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.

Section 80IAC Tax Exemption Registration

At Mapasu Consulting Services, we provide expert assistance in securing Start-up India Registration, a government initiative designed to support and foster the growth of start-ups in India. This registration offers several benefits such as tax exemptions, easier compliance, and access to funding opportunities. We guide businesses through the entire process, from application submission to ensuring eligibility, so they can unlock the full potential of this government-backed initiative.

Section 80-IAC of the Income Tax Act allows eligible start-ups to claim a 100% tax exemption on profits for any three consecutive years out of the first ten years since incorporation. This tax holiday can be a game-changer during the crucial early growth phase.

We ensure your start-up meets all the required criteria and support you through:

1. Documentation and eligibility assessment
2. Filing the tax exemption application
3. End-to-end guidance on compliance with Income Tax rules

Our goal is to simplify the process so you can focus on what matters most—scaling your business.

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At Mapasu Consulting Services, we provide comprehensive Goods and Services Tax (GST) solutions to help businesses comply with GST laws and optimize their tax-related processes. GST is a significant indirect tax reform in India, affecting every business across various sectors. Our team of GST experts is here to guide you through the complexities of GST registration, filing, and compliance, ensuring your business stays on top of its obligations.

We assist businesses with GST registration, ensuring that your business is registered under the correct tax category based on its turnover, industry, and other criteria. Whether you're a small business or a large corporation, we help you choose the most efficient registration structure and navigate the registration process, making sure you meet all the necessary compliance requirements.

Our GST filing services ensure that your GST returns are filed accurately and on time, avoiding penalties for non-compliance. We take care of the preparation and submission of GST returns, including GSTR-1, GSTR-3B, and other forms as required, ensuring your business adheres to the timelines and guidelines established by the tax authorities. Our experts also keep track of any updates or changes to the GST laws to ensure your business remains compliant at all times.

GST Services Offered:

• GST Registration
• GST Return Filing (GSTR-1, GSTR-3B, etc.)
• Annual GST Return Filing (GSTR-9, GSTR-9C)
• GST Audit and Assessment
• GST Consultancy and Advisory
• Input Tax Credit (ITC) Reconciliation
• GST Planning and Optimization
• GST Compliance Review
• GST Refund Services from Export of Goods/Services
• GST Litigation Support
• Reverse Charge Mechanism (RCM) Compliance

In addition, we offer GST advisory services, providing guidance on tax planning, input tax credits, and GST-related issues that may arise in your business transactions. Whether you're dealing with intra-state or inter-state sales, export transactions, or reverse charge mechanisms, we offer strategic advice to optimize your GST liabilities and improve your cash flow. With our end-to-end GST services, you can focus on growing your business while we ensure your tax obligations are handled efficiently.

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At Mapasu Consulting Services, we provide expert guidance and assistance to businesses seeking to claim their GST refunds efficiently. Our team of tax professionals ensures that your refund claims are accurately processed, maximizing the refunds you are entitled to while adhering to all statutory compliance.

Key Services We Offer:

• GST Refund Filing: We handle the entire process of filing GST refund claims, ensuring that all necessary documentation is submitted correctly and on time.
• Refund Eligibility Assessment: We assess your business’s eligibility for GST refunds, ensuring you understand which refunds you may be entitled to, such as for export sales, input tax credit, or excess tax paid.
• Claim Follow-up and Support: Our experts stay with you throughout the process, tracking your claim status and following up with the authorities for quick resolution of any issues or delays.
• Audit Representation: In case of a GST audit or scrutiny of refund claims, we represent your business to ensure smooth communication with tax authorities.

Why Choose Us?

• In-Depth Knowledge of GST Laws: Our team stays up-to-date with the latest GST regulations and refund procedures, ensuring compliance and the best chances for a successful claim.
• Timely and Transparent Process: We ensure that your refund claims are filed on time and provide transparent communication every step of the way.
• Customized Solutions: We understand that every business is different, so we tailor our GST refund services to meet the specific needs of your business.

Let us help you navigate the complexities of GST refunds, ensuring your business maximizes its cash flow while staying fully compliant with tax regulations.