Direct Taxation Service- A Tax Service

Direct Taxation Service is connected to direct tax that is generally paid directly to the government by the party on whom it is enforced.  Party or any individual pays this tax to the imposing authority. A taxpayer pays a tax to a government for different purposes, including real property tax, personal property tax, income tax or taxes on assets. These taxes are different from indirect taxes, where the tax is levied on one entity, such as a seller, and paid by another, such a tax paid by the buyer in a retail setting.

A direct tax is a duty that is enforced on any individual, group of people or business firms. Income tax is one of the relevant examples of direct tax that is collected from the individuals who actually get their income.

Indian Government is increasing its focus on broadening the different tax base and collection of revenue, tax compliance adopts key role and poses greater challenges for corporate and non-corporate firms equally. To achieve the greatly preferred objective of tax compliance combined with minimizing compliance cost, Direct Taxation Service is provided by expert professionals having in-depth knowledge of direct taxes. These services are the complete solution for tax payments.

There are various firms and service providers that have experts to provide specified services in the area of filing of income tax return along with preparation of financial statements of individuals, advice on withholding tax and advice on tax concerns of several transactions, representation before tax authorities in assessment and tax planning.

When it comes to Direct taxes (income tax, property tax, etc.), the burden directly falls on the taxpayer.

There are many qualified and experienced tax professionals, well-informed with tax regulations, which can assist in solving various issues such as reform of business and many others. They work with the taxman to meet the business needs of any firm or individual. They also provide the best suggestions for the payment of these taxes.

There are several service providers for tax consulting & planning like computation of tax liability, permissible or prohibited expenditure, eligible deductions and exemptions. These service providers deal in tax compliance like preparation and filing income tax and withholding tax returns filling documents with tax authorities for obtaining various certificates under statute representation services before tax authorities. In the case of business firms, these have their personal advisors to handle all their legal tasks related to direct taxes.

To Know More about the Direct Taxation Services Contact Us:

Address :-    Office : 190, Pratap Nagar, Mayur Vihar Phase-I

Opp – Pocket-IV, New Delhi-91

Telephone :- 011-22752526

Mobile :-       9818845923, 9810919440

E-mail :-        legalissynergyco@gmail.com

Debt Recovery Tribunal & Debt Recovery Appellate Tribunal- Most Essential Tribunal

In India, Debts Recovery Tribunal & Debt Recovery Appellate Tribunal applies norms and guidelines of the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 and also Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002 for recovery related options. These tribunals have been established to speed up the recovery in the case of non-performing assets of Banks, Financial Institutions etc. Under the Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993, banks approach these tribunals.

Under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act, 2002, borrowers, guarantors and any other person distressed by any action of the bank can appeal about it. 

There are several such tribunals in India located at different places. There are many cities like Ahmedabad and Chandigarh that have more than one tribunal. Appeals against orders passed by these tribunals lie before Debts Recovery Appellate Tribunal (DRAT). India has these tribunals in different cities including Delhi, Allahabad, Mumbai, Chennai and Kolkata. There are many states that have no such tribunals. In such states, Banks & Financial Institutions and other parties have to go to tribunals located in other states.  

This tribunal is controlled by a Presiding Officer. The Presiding Officer is generally equivalent to the rank of Dist. & Sessions Judge. A Presiding Officer of a Debts Recovery Tribunal is backed by a number of officers of other ranks, but it is not required that these officers have a judicial background. Therefore, the Presiding Officer of this tribunal is the sole judicial authority to hear and pass any judicial order. 

Each Debts Recovery Tribunal has two Recovery Officers. The work amongst the Recovery Officers of this court is allocated by the Presiding Officer of the Tribunal. Though the Recovery Officer of the Tribunal need not be a judicial Officer, but the orders passed by a Recovery Officers are judicial in nature, and are appealable before the Presiding Officer of it.

 These tribunals ensure about the evidences, proofs or any recordings related to recovery, and orders passed by a Recovery Officer are judicial in nature, and are appealable before the Presiding Officer who is in charge for its regulatory. All evidences are taken by way of an affidavit. Cross examinations is allowed in case it is requested by the defense, and that too if the Debts Recovery Tribunal (DRT) finds that such a cross examinations is helpful for justice.

Human Resource Diligence- Most Functional Department

When it comes to the growth and success of any firm and its employees, Human Resource Diligence is one of the most responsible departments. Human Resource (HR) department takes care of different processes and activities, some of them are recruitment, salary, employee retention etc. HR team works as a facilitator between organization and its employees. It also makes the employees aware of all the norms and guidelines of the organization, following a sophisticated and professional approach. 

Human Resource Due Diligence also takes care of acquisition of organizations, since in the acquisition process one organization takes over the capital (human capital) of the acquired organization. A professionally strong relationship between the HR team of both organizations is very necessary and beneficial whenever the HR audit process takes place. For a smooth acquisition, it is required for a firm to have experienced and talented HR professionals working collaboratively to estimate human resources policies and procedures, and they should also be capable of conducting an HR departmental audit. 

All the employees’ trainings, escalations, migration of employees from one process or project to other process or project are taken care by HR team. HR team organizes motivational programs and other exciting events to motivate the employees that helps the organization to retain the employees and also plays a vital role in employees’ satisfaction. It is also responsible to maintain the stability in the project running in the organization. It maintains an accurate database to keep a track of all working and resigned employees of the organization. 

Now days, there are several reputed universities and academy institutes that are actively engaged in providing diploma, graduation and post-graduation courses in HR management. After these courses, students can make their future bright in terms of professional growth and success. HR person should be professional and sophisticated so that he or she can handle the challenges occurred during the working life in an efficient manner. Further, he or she should follow a progressive approach while cooperating with employees and other individuals, and also should be a team player that can work in perfect co-ordination with other counter parts.

HR team, working with an organization, is responsible to manage all the tasks related to acquisition, collaboration with any organization and other legal activities. Human Resource Diligence also takes utmost care when it comes to motivate the employees so that they can put their best potential and skills for giving the maximum productivity without any error.

Food Laws and Related Litigation: Awareness is the Key to Many Issues

In our country Food laws and related litigation is an emerging issue after a few incidents like Nestlé’s “Maggi” issue. Prior to this people though that it’s not a serious matter. Food laws are not new to this country but the level of awareness is very shocking. Most of us don’t know about FSSAI, AGMARK, ISI and so many other quality norms made by government. This is one of the biggest tragedies in this country and there are so many small industrialists get the advantage of such knowledge gap.

Contamination and adulteration within the popular and branded food materials could be most dangerous things in our regular life.  This is not a problem found in India but in the most of the part of world. That’s why need of strict food laws became a necessity for everybody in this world. If we discuss about the scenario in Indian food law, we can say it’s still not a serious matter of concern for common people. 

There are so many things in our life which is important for us but food is the most important thing and the base of our life. Quality of food materials is matter of debate and concern since long time. Not only laws but awareness plays a major role as far as it concern to the quality of food materials. People should understand that it’s not only the responsibility of state or central government but they do have to take social responsibility to resolve this issue. Awareness is the only one solution to resolve food quality related issues. Western countries are very sensitive in such issues like packaging and labelling services but India do have to be alert now to eliminate the discrepancy in this aspect.

Packaging and Labeling Services: Useful for a Supplier and a Consumer

Businesses have very much tasks to satisfy and thus want giant numbers of staff to stay running. By using Packaging and labeling services provider, the business should not to worry regarding printing receipts and labels, packaging, and shipping merchandise.

Pick and pack services cowl variety of functions. Reposition may be a major side of those fulfillment services. It begins once the corporate delivers its merchandise to the warehouse of the utilized service. The merchandise will then be counted, organized, and counted to confirm that the system is economical and also the jobs are administrated properly.

Then the request is distributed to be reviewed by the order management team by fax or e-mail. They’re going to then begin retrieving the things to be shipped from the inventory and inserting them in applicable packaging. Then, all the right packing slips and shipping labels can complete the order.

Using Packaging and labeling services is extraordinarily helpful. Overall, it'll cut back the delivery to cargo cycles, decreasing the value of shipping. It’ll conjointly keep the expenses in one lump payment on facilitate keep the business organized. As a result, there'll be a lot of profit for the business. Businesses will use fulfillment services to remain on the right track with orders and expenses and to specialize in the opposite vital aspects of the work.

In an endeavor to stay merchandise intact and safe, the buyer merchandise business has affected into a mode of wrapping that involves tough plastic clamshell instrumentation with coalesced seams. Your all product would be completely packed so that they are doing not stand any probabilities of harm throughout transportation. The shifting is finished with none inconvenience and during a trouble free manner.