Rajput Jain And Associates

Rajput Jain & Associates

Chartered Accountants

An ISO 9001:2008 Certified Firm

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Corporate Service

CORPORATE SERVICES

Rajput Jain & Associates provides corporate Solution for Taxation related Services on employee taxation related solutions.

Hassle Free Corporate Tax Filing Services

For corporate employees & Consultants

Rajput Jain & Associates offers the following Four kind of help in tax Return filing packages for corporate Solution:

  • Employee > Tax filing desk

  • While we encourage employees to independently prepare and efile their tax returns, we do realize that handholding is required in...
  • Bulk > Pan validation

  • Solution to verify PAN of the employees against the database...
  • Employee > Proof validation

  • Verification of employee’s income tax proofs is a serious responsibility of the employer. Using The Work Number and with your consent, verifiers retrieve your information quickly &easily online...
  • IDE followup > service

  • Apart from the interaction required with Income Tax Department for...

Employee Tax Filing Desk

While we encourage employees to independently prepare and e-file their tax returns, we do realize that handholding is required in the initial years of tax filing. We provide sophisticated tax helpdesks (virtual and physical) to assist the employees with their e filing needs.

Bulk PAN Validation

Solutions to verify PAN of the employees against the database of the India Income Tax Department. Discrepancies found while income tax pan card verification are reported to the employer via automated MIS.

To enable eligible Entities to verify Permanent Account Numbers (PANs), Income Tax Department (ITD) in India has authorized National Securities Depository Limited (NSDL) to launch an online PAN verification service for verification of PAN cards by authorized entities.

In case of valid PAN, name of the PAN holder, last date of PAN update as per ITD database and the status as “existing and valid” will be displayed. If the PAN is a fake PAN as per ITD database, the status will be shown as “Fake PAN”. In case the PAN is not found in database, the response will be “not in ITD database”.In such cases, if the user is able to provide a proof of this PAN (copy of PAN card or PAN allotment letter), NSDL will forward the same to ITD for investigation.

Employee Proof Verification

Employers are required to deduct tax from an employee’s taxable income. Verification of employee’s income tax proofs is a serious responsibility of the employer, which is expected to be discharged in accordance with the law. As a part of your Company compliance or audit policy you are require to adhere to those policies under the ambit of Income Tax Law.

Every year you are spending extra money or paying your payroll vendor for Verification of employee’s income tax proof. We can help in assist you in reducing the cost by providing end-to-end solution for income tax proof submission, proof verification with expert helpdesk and resources to assist you during the tax proof verification process.

We offer below solutions to Corporate for Employee tax Proof verification:

  • I. Physical Tax proof verification

  • Activities involved:-
  • Agree Calendar with your organisation.
  • Send Mailers to your employee on the agreed communication with reminders and proof guidelines
  • Collect paper documents (income tax proofs) from the employees.
  • Rajput Jain & Associates professionals will perform below mentioned activities at corporate locations
    • a. Open the corporate IT Declaration utility.
    • b. Verify the paper documents submitted by the employees as per employee declaration in the utility.
    • c. Approve/Reject/Approve with modification in the utility.
    • d. Note: If the corporate does not have IT Declaration intranet utility, then the data entry is done in spreadsheets.
    • e. Arrange for Helpdesk for employee queries
    • f. Data entry for employee proof done on a spreadsheet.
    • g. Spreadsheet shared as an output with your HR or Finance Team
    • h. Organize&Put the paper documents in file boxes provided by corporate.
  • II. Online (electronic) Tax proof verification

  • Activities involved:-
  • Employees will Employees either Email or upload scanned documents (income tax proofs) to Portal.
  • Rajput Jain & Associates professionals will perform below mentioned activities at its Central Processing Centre.
    • a. open the corporate IT Declaration utility.
    • b.Send Mailers to your employee on the agreed communication with reminders and proof guidelines
    • c. Collect paper documents (income tax proofs) from the employees
    • d. verify the documents emailed by the employees as per employee declaration in the utility.
    • e. Approve/Reject/Approve with modification in the utility.
    • f. Note: If the corporate does not have IT Declaration intranet utility, then the data entry is done in spreadsheets.
    • e. Arrange for Helpdesk for employee queries
    • f. Data entry for employee proof done on a spreadsheet.
    • g. Spreadsheet shared as an output with your HR or Finance Team, Organize&Put the paper documents in file boxes provided by corporate.
  • Save employee documents in a folder with name “Employee Id ”Respond to any employee queries on email

Below table compares the features and cost of physical vs. electronic proof verification for a typical company of 15,000 employees

Comparison of Physical vs. Online proof verification
Feature Physical Electronic

Employee has to take photocopies of documents

Yes

No

Cost of document collection (15000 x Rs. 5) = Rs. 0.75 lakh

Yes

No

Employee has to scan (or take digital photo) & email the documents

No

Yes

24 hr submission availability

No

Yes

Number of A4 papers saved (15,000 x 10) = 1.5 lakh
Cost of 1.5 lakh papers = Rs. 0.15 lakh

No

Yes

Documented communication with employees for any tax related query

No

Yes

Scope of conflict due to submission/non-submission of proofs

Yes

No

Cost of storage/security of 1.5 lakh paper documents(Rs. 5000 p.m. x 84 months) = Rs. 4.2 lakh

Yes

No

We can customize complete Year end process as per your requirement. With an additional cost we can generate and send Form 16 digitally signed through mass mail to all employees by 31st May and on discounted price provide Income Tax return filing

IT Department Follow-up

Apart from the interaction required with Income Tax Department for general compliance, you may need to initiate other procedures with regards to your income tax documentation. Rajput Jain & Associates understands that such follow-ups with the Income Tax Department may get troublesome for tax payers. That's why our "IT Department Follow-up" offering conducts the following communication with ITD on your behalf:

  • Filing Revised Return
  • Filing Rectification
  • Tracking Refund Status

Who’s it for?

  • If you have missed declaring any detail in income or deductions in your ITR, or want to make any correction to the same (given the return has not been processed by the IT department yet).
  • If you have to rectify any detail in income or deductions in your ITR (after the return has been processed by the IT department).
  • If you have not received the refund expected.

Service Level Agreement

  • Each of the above mentioned follow-ups will be done online.
  • In case a physical visit is required, extra charges apply at Rs. 1,999 per visit. This facility is available only for income tax wards in Delhi NCR and Chandigarh.
  • All your support queries will be responded within 24 hrs.

How does it work?

  • While you retain the option to self-prepare your ITR, a ‘real’ tax professional will create your ITR based on the documents provided by you. To opt for this feature, you will have to mail the scanned copies of your documents to Rajput Jain & Associates. The photocopies of these documents can also be submitted at Rajput Jain & Associates helpdesks (Applicable only at select locations).
  • On receipt of the document, the assigned tax professional will get the data entry done for creation of the draft ITR. Once the ITR is ready, the tax professional would do a complete review the ITR for you so that you can e-File it without any doubt or hesitation!
  • Apart from feeding in the data from your documents, the package also allows you to enter other details like income from any sources, income from house/property, capital gains, deductions, etc. Once you have created your ITR, the system automatically tabulates your tax liability, if any, and allows you to e-File your return through a single click!

Who should not use it?

  • Rajput Jain & Associates Business e-File- Starter is best suited for individuals having only Salary income. You should not use Business e-File Starter if you have income from speculation business, or agriculture, or previous year loss to be adjusted. In such cases, we recommend you to select and our experts will prepare the return for you.
  • Rajput Jain & Associates Business e-File- Plus is best suited for individuals having income from multiple employers, income from House Property and income from other sources (Dividend, Bank Interest etc.).
  • Rajput Jain & Associates Business e-File-Premium is best suited for individuals having income from Business or Partnership firms. And Business e-File Premium has all the benefits of Business e-File Starter and Business e-File plus. Another add-on feature of this package is tracking of your refunds and tax assessment order.

We double check your corporate requirements to make sure it is done right and you get your maximum queriesto be resolved with guaranteed results.

rajput jain and associates

What Are You Waiting For?

  • CONSULTANCY SERVICES

  • We provide Ad-Hoc Consultancy onTDS, Services Tax, Income Tax, International Taxation on case to case basis.
  • As per the requirement of the client, consultancy can be followed by opinion in writing on the issues discussed.
  • Only opinion in writing based on the specific queries of the client.
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  • SERVICES ON RETAINER SHIP BASIS

  • Guidance over phone or email throughout the year.
  • Once in a month/ quarter visit to the client’s premises for test checking the records and solving on the job queries of the operating staff.
  • Draft Reply to the letter received from department.
  • Filing of Monthly/ Quarterly Returns On-line.
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  • INTERNAL, EXCISE, SERVICE TAX, TAX AUDIT

  • To carry out detailed Internal Audit or Compliance Study of the documents generated and records maintained and then submit the report consisting of ‘Financial Implications’, ‘Revenue Loss to the Government’ and ‘Procedural Lapses.
  • This will help to minimise the likely objections from the department during their audit
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  • OTHER RELATED SERVICES

  • Obtaining Central Excise and Service Tax Registration
  • Obtaining ‘Import Export Code Number’
  • In-House Training for operating staff on Excise and Service Tax.
  • E filing of Excise & Service Tax Returns.
  • Preparing Draft Reply for letters received from dept.
  • Handling Show Cause Notices received from the dept.
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