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Top Tax Preparation Services In India
Here are some notable tax preparation services in India:
Vee Technologies: Get professional tax preparation services from Vee Technologies to simplify the process to prevent stress and avoid penalties
ClearTax: ClearTax is a popular online platform that provides tax filing and financial services in India. They offer e-filing of income tax returns, GST returns, and assistance with tax planning.
TaxSpanner: TaxSpanner is an online platform that offers income tax e-filing, along with tools and calculators for tax planning and compliance.
MakeMyReturns: MakeMyReturns provides online income tax filing services and offers assistance with tax-related queries and financial planning.
Quicko: Quicko is an AI-driven platform that offers tax filing, tax planning, and financial advisory services. They focus on making the tax filing process efficient and hassle-free.
MyITreturn: MyITreturn is an online tax filing platform that specializes in income tax return filing for individuals, businesses, and NRIs.
HR-One: HR-One provides payroll processing and tax calculation services for businesses, helping them manage employee salaries and taxes efficiently.
Vakilsearch: Vakilsearch is a legal and tax advisory platform that offers services ranging from company registration to tax filing and compliance.
Eztax: Eztax offers a range of tax-related services, including income tax return filing, GST registration and filing, and tax planning.
IndiaFilings: IndiaFilings is a business services platform that offers various services, including tax filing, company registration, and compliance services.
2019 Alternative Minimum Tax Quick Information Report Specifically, the Tax Cuts and Jobs Act significantly increase the AMT exemption amounts beginning with the 2018 tax year. In other words, the amount of income that can be excluded when determining your alternative minimum taxable income has increased. And, the exemption amounts will be indexed for inflation each year going forward. This is the key change that prevents the AMT from affecting middle-income households. The exemptions are reduced by $1 for every $4 in alternative minimum taxable income above the thresholds. Based on the 2017 figures, a married couple filing a joint tax return would start to lose their AMT exemption with AMT taxable income (AMTI) above $160,900 and would lose their entire AMT exemption with AMTI greater than $498,900. Households with incomes in this range can often be considered middle income, especially in higher-cost areas of the U.S. In contrast, for 2018, the full exemption can be used with AMTI of as much as $1 million, and the entire exemption isn’t lost until AMTI exceeds $1,437,600. This is fantatic news for so many taxpayers who use to incur $8K-$15K in AMT annually who are not likely to incurr AMT again, until the end of 2025 when the program terminates. Unless it or major aspects are renewed we could be headed back to the 2017 code for 2026. #ramlcpa, #AMT, #TAXES, #taxprepration, #taxplanning, #taxreform, #TCJA, #taxdeductions, #growthprofitswealth, #CFOAdvisory Contact us at www.RamlCPA.com/contact with any questions or if you need assistance.
