20 Mar
IMPORTANT INCOME TAX & GST WORKS SHOULD BE DONE BEFORE MARCH 31 2024
IMPORTANT INCOME TAX
& GST WORKS SHOULD BE DONE BEFORE MARCH 31, 2024
Hello
Clients and Followers of Alliance Tax Experts,
As
we near the end of the financial year, it's vital to ensure your tax and GST
affairs are in order. With just a week remaining, here's a simple checklist to
help you stay compliant and maximize your savings:
From an
Income Tax Perspective:
1.
Review Financials: Prepare your profit & loss statements and balance sheet,
comparing them with previous years' figures and your budget.
2.
Pay Advance Tax: Avoid extra charges by paying Advance Tax before March 31.
3.
Check TDS: Review your TDS statement (Form 26AS or AIS) and follow up on any
discrepancies.
4.
Invest for Deductions: Make investments or donations before March 31 to claim
deductions.
5.
Verify Aadhar/PAN Link: Ensure vendors have linked their Aadhar and PAN to
avoid higher TDS rates.
From a
GST Perspective:
1.
Get LUT: Apply for a Letter of Undertaking (LUT) if you're an exporter selling
to SEZ without paying GST.
2.
Review GST Payments: Ensure GST payments match across forms and reconcile any
differences.
3.
Check Input Tax Credit: Reconcile claimed input tax credit and follow up on
pending filings or transactions.
4.
Pay Reverse Charge Tax: Settle any reverse charge tax liabilities to avoid
penalties.
5.
Decide on Schemes: Consider opting for special schemes like Composition Scheme
or E-invoicing based on turnover.
Don't
Delay: Act Now to Ensure Compliance and Savings!
For
expert guidance and support, contact Alliance Tax Experts at 9769201316. Let's navigate
these critical deadlines together and secure your financial future.
#TaxCompliance
#GSTFiling #FinancialYearEnd #TaxSavings #LastChance #AllianceTaxExperts
#ExpertAdvice #FinancialPlanning #CallToAction #TaxChecklist #MarchDeadline
#MaximizeSavings #FinancialHealth