Income tax refers to annual taxes levied by the central and most state governments on individual and business earning. By law, businesses and people should file federal and state taxation returns once a year to work out whether or not they owe taxes. Governments utilize the taxes they gather to finance their exercises.


TDS stands for tax deducted at supply. As per the taxation Act, any company or person creating a payment is needed to deduct tax at supply if the payment exceeds sure threshold limits. TDS has got to be deducted at the rates prescribed by the tax department.

The company or individual that makes the payment once deducting TDS is termed a detector and also the company or the person receiving the payment is termed the deductor. it's the deductor’s responsibility to deduct TDS before creating the payment and deposit a similar with the goverment. TDS is deducted regardless of the mode of payment–cash cheque or credit–and is connected to the PAN of the deductor and deducted.

What is (GST) Goods and Service Tax?

GST stands for goods and service Tax. It's a sort of tax obligatory on sale, producing and usage of goods and services. Goods and service Tax is applied on services and goods at a national level with a purpose of achieving overall economic process. GST is specially designed to interchange the indirect taxes obligatory on goods and services by the Centre and States.

GST Registration & why is it Necessary?

Every business carrying out a taxable supply of goods or services and whose turnover exceeds the brink limit of Rs. forty lakhs (Rs twenty lakhs for north east and hill states) is needed to register as a normal assessable person. This method of registration is named GST registration.


Accounting is that the recording of economic transactions and storing, sorting, retrieving, summarizing, and presenting the data in numerous reports and analyses. Accounting is additionally a profession consisting of people having the formal education to hold out these tasks.

One a part of accounting focuses on presenting the data within the type of general money statements (trial balance, balance sheet, profit and loss account statement, etc.) to individuals outside of the corporation. These external reports should be ready in accordance with usually accepted accounting principles typically noted as generally accepted accounting practices or U.S. generally accepted accounting practices. This a part of accounting is noted as money accounting.

About Us

E-returns associates. Is a firm which has proprietorship firm proprietor having 15 year experience of our profession. We are based in Delhi- capital of India. E-Returns give the online or offline services both.

News & Updates

1 - Last Date of E-filing of Income Tax Return for 2018-19 is 31st March 2019.

2 - Due Date Extended of GST Annual Returns (GSTR-9, 9A, 9C) is 30-June-2019.

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E-Returns Associates.
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