Benefits of tax consultants in India

Every businessman or an individual has to pay tax to the central and state government after certain slab of income. Every country has its own tax structure. Government has drafted the slab of taxing the income of the citizens and based on these slab certain percentage of the income is taxed. India also has its own tax structure. Every year certain changes or modifications are made in this structure.

It is mandatory for every citizen of India to file tax returns with the department and pay tax. One cannot get away with the tax payment. Understanding the structure of the tax is a complex task; which most of the common individuals find it tough to understand.

Taking into account various sections for taxable income, provision for exemption given by the government, rebates amount and claims makes the entire calculation of net taxable amount a tedious and daunting task.

It is therefore imperative to hire the professional tax consultant in Delhi, to take care of all your tax related obligations. Most of them have the bias opinion that hiring a tax consultant is waste of money but instead it proves a great benefit when transpiring the tax obligations:

1. Complying with the tax laws: As more and more people find ways to evade tax, government has also become alert and has framed stringent laws, new provisions and compliance for preventing the evasion of tax. This has made it very difficult for a person to stay updated with these amendments and insertions. But a professional tax consultant always stays in tune with the amendments and insertions and update their clients from time to time, ensuring that all the laws and obligations of the tax are compiled with.
2. Hassle free and timely filing of returns: Filing ITR is difficult and lengthy process. The process is equally frustrating; because of many information that is required to be filled in by the tax payer in the ITR form. A professional tax consultant in Delhi, always help in filing ITR on time and in a hassle free manner as he/she understands each and every aspect of the ITR to the core.
3. Proper tax planning: A good and experienced consultant to the tax in India is very well aware of all the exemptions and deductions under the tax laws. He/she can help in proper tax planning and help the individual to save on tax.
4. Providing assistance in assessment: There is always a chance for being chosen for the assessment in spite you have filed true and fair information in the ITR. A tax consultant can help you in your assessment; that is being conducted by the income tax department as he/she very well understands the things that happens in the assessment and the intentions of the department because of the past experience.
5.  Dodging the pitfalls in the ITR: The tax consultant is experienced and is aware of all the aspects and formalities pertaining to the filing of the tax. This minimizes the possibility of any pitfalls or omissions in the ITR.