Tax Lawyers in Noida

(Insights on Region of practice, Services offered, applicable laws, how to consult, etc.)

In India, there are two types of taxes, namely direct tax, and indirect tax. Direct tax mostly comprises Income-tax, governed by the Income Tax Act. Income tax is levied on the total annual income of a person on his net income and is directly paid to the government by the assessee, whereas indirect taxes mostly comprise of those taxes which are charged by some third person and later paid to the government. Examples of Indirect tax include G.S.T., excise, customs duty, cess, etc.

About our tax practice in Noida

B&B Associates LLP, with a standing of 50 plus years at the bar is one of the leading and fast-growing law firms dealing with taxation matter in Noida. Our team provides assistance in all matters pertaining to the hurdles of tax laws and provides an ease of business. Our team consists of tax advisors and lawyers who are experts in the areas of tax planning, legal representation, litigation, G.S.T. compliances, etc.

Services Offered by firm’s Law Office at Noida

Our team of expert professionals provides the following services:

5. Income Tax

• Reply to notices
• Statutory compliances
• Litigations
• Advance Tax
• TDS

Region and jurisdiction of practice

• GST Appellate Tribunal- Principal Bench, New Delhi.
• Income Tax Appellate Tribunal, New Delhi.
• Customs Excise and Service Tax Appellate Tribunal Delhi

How to engage B&B’s Legal Services in Noida for Taxation Matter?

Step -1 Appointment

Appointment can be sought by filling in the form below. In case of an emergency, contact +917710777770 for a telephonic appointment.

CONSULTATION REQUEST FORM

Step -2 Consultation

Arrive 15 minutes prior to the time allocated along with complete narration, documents, and a list of questions.

Step -3 Retention for Requisite Action

After the consultation, the firm may be retained for taking requisite action for dispute resolution.

Why clients prefer B&B Associates LLP?

1. Quality over quantity
2. Unblemished standing of 38 plus years at the Bar
3. Fail-proof management
4. Just and fair dealings
5. Genuine advice
6. Deep and in-depth knowledge of the intricacies of law

Who are B&B’s leading taxation Advocates in Noida?

• Mr. Mohit Bhandari & Mrs. Savita Bhandari – Founding Partners.
• Dr. Rohit Samhotra – Sr. Associate
• Mr. Ambransh Bhandari – Managing Partner
• Mr. Paras Chugh – Sr. Associate & Head Legal Research
• Mr. Sunny Menghi – Sr. Associate
• Ms. Anjali Bisht – Sr. Associate

Above-named counsels are well-versed in taxation law, the names are arranged per seniority of position with the firm.

Golden Rules

**We deject un-ethical and immoral practices, and reserve our rights of extending legal services only to a select clientele which exhibits civility, faith in law, sound moral footing, and good conscience. Our legal counsels defend the ones who have falsely been implicated, and prosecute for those who have actually been victimized – in either case, our counsels reserve their right of exercising discretion in accepting or rejecting a brief/ lawsuit

FAQ’S(Related to Tax Law)

1. What is Income-tax?

It is a tax levied by the Government of India on the income of every person. The provisions governing the Income-tax Law are given in the Income-tax Act, 1961.​

2. Who is supposed to pay Income-tax?

Income-tax is to be paid for by every person. The term ‘person’ as defined under the Income-tax Act covers in its ambit natural as well as artificial persons.

For the purpose of charging Income-tax, the term ‘person’ includes Individual, Hindu Undivided Families [HUFs], Association of Persons [AOPs], Body of individuals [BOIs], Firms, LLPs, Companies, Local authority and any artificial juridical person not covered under any of the above.

Thus, from the definition of the term ‘person’ it can be observed that, apart from a natural person, i.e., an individual, any sort of artificial entity will also be liable to pay Income-tax.

3. When do I have to pay the taxes on my income?

Generally, the tax on income crystallizes only on completion of the previous year. However, for ease of collection and regularity of flow of funds to the Government for its various activities, the Income-tax Act has laid down the provisions for payment of taxes in advance during the year of earning itself. It is called ‘pay as you earn’ concept. Taxes may also be collected on your behalf during the previous year itself through TDS and TCS mode. If at the time of filing of return you find that you have some balance tax to be paid after taking into account the credit of your advance tax, TDS & TCS, the shortfall is to be deposited as Self Assessment Tax.

​4. What is exempt income and taxable income?

An exempt income is not charged to tax, i.e., Income-tax Law specifically grants exemption from tax to such income. Incomes that are chargeable to tax are called as taxable incomes.

E.g., Dividend income from an Indian company is granted the specific exemption and, hence, the same is not liable to tax in the hands of the shareholders. However, dividend from a foreign company is taxable.​

5. As an agriculturist, am I required to maintain any proof of earnings and expenditures incurred?

Even if you have only agricultural income, you are advised to maintain some proof of your agricultural earnings/expenses.

6. Can I be arrested for committing an offense under GST Act?

Yes, any person who has committed an offense under section 132, can be arrested. In the offenses falling under any of the clauses (a) to (d) of Section 132(1) involving tax evasion in excess of INR 5 crores, the arresting officer need not require the permission to arrest a person from the magistrate as the offense is cognizable and non-bailable and for other offenses, provided under clauses (e) to (l) of Section 132(1) of the CGST Act, the person so arrested is entitled to be released on bail are bailable and non-cognizable.

7. Can I get anticipatory bail if I am prosecuted for non-payment of GST?

Yes. you are entitled to the concession of anticipatory bail but only in those offenses which are non-bailable and cognizable in nature?

8. Do I have to deposit any amount of tax to have my GST case/ appeal entertained?

Yes. for filing an appeal before the first appellate authority you need to deposit 10% of the remaining part of tax demanded by the GST adjudicating authority as a pre-deposit amount or Rs. 25 crores, whichever is less.

9. I have received an Income tax notice U/s 226(3) of Income Tax Act, what do I do?

If you have received a notice for recovery of tax and according to you, you have honestly deposited the tax, then in that eventuality, it is incumbent upon you to challenge the notice by way of filing a detailed reply along with necessary proofs. If you dont reply, then it could be deemed that you accept the allegations of the notice and the department may initiate recovery proceedings against you.