Fortunaa Tax Services

1. Income Tax:

I. Preparation of all type of returns, computations etc. for Individuals, Firms, NRI’s, Foreign Nationals, Companies, Trusts etc.

II. Representing clients and appearing before various authorities which includes:-
Assessing Officer
Appellate Authorities
Tribunal

III.Tax Planning – Personal and Corporate.
2.Central Excise:

I.Preparation of all type of returns, Books of accounts, computations etc.

II. Representing clients and appearing before various authorities which includes:-

Assessing Officer
Appellate Authorities
Tribunal
Indirect Taxes
Our indirect tax professionals with their wide-ranging experience and in-depth knowledge help clients in effective tax planning & compliance. Our Indirect tax practice provides services relating to:
VAT
Sales Tax / Commercial Tax.
Service tax.

Tamil Nadu Value Added Tax Act 2006 has come into effect from 1st January 2007.

VAT is a multi-stage tax on goods that is levied across various stages of production and supply with credit given for tax paid at each stage of Value addition.
VAT is the most progressive way of taxing consumption rather than business.

Service Tax is a form of indirect tax imposed on specified services called "taxable services". Service tax cannot be levied on any service which is not included in the list of taxable services. Over the past few years, service tax been expanded to cover new services. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and trade without forcing the government to compromise on the revenue needs. The intention of the government is to gradually increase the list of taxable services until most services fall within the scope of service tax. For the purpose of levying service tax, the value of any taxable service should be the gross amount charged by the service provider for the service rendered by him