The OrganisationThe Nitin Mittal & Co. was formed in August 2001 as a Chartered Accountancy firm. with the aim of providing a comprehensive range of services to various industries including Finance, IT Enabled /BPO, Consultancy, Manufacturing, FMCG Distributors/ Retail etc. With soaring aspiration and zeal to succeed, the Firm endeavors to be recognized as reputed professional managed.We are an innovator in Financial, Management Consultancy, Risk Management, Auditing, Taxation and Corporate Laws. In particular, our office is staffed by people who understand the business culture, management requirements and multiple laws and possess the professional expertise that the market demands.
We are empaneled with Public Sector Banks, Registrar of Societies and Comptroller Auditor General of India. We are working for almost all major PSU banks on different assignments/audits.
We are an ISO 9001:2008 certified firm. We are one of the few firms which are peer-reviewed by ICAI.
We are working for national-level NGO’s, societies, listed companies, private limited companies, trusts, foreign corporates, ex-pats, firms etc.
We have state of the art infrastructure, own servers, dedicated connectivity, in-house audio/video conference facility, board room with projector system etc.
We have got a good team including Chartered Accountants, Lawyers, Company Secretaries, retired senior manager and above rank bank officials, accountants, audit assistants, trainees etc.
GST registration: Foreigners exempted from Aadhaar authentication
The government has exempted foreign persons and government entities from the compulsory requirement of Aadhaar-based authentication for the purpose of the goods and services tax (GST) registration. However, Indian citizens will have to follow the A... Read More »
GST: NIC issues list of GSTINs on whom E-Invoicing is Mandatory
The National Informatics Centre (NIC) has issued a list of GSTINs dated January 27, 2021, for whom e-invoicing shall be mandatory. There are 73308 GSTNs who are enlisted by the NIC for whom it is mandatory for the taxpayer to upload the invoice detai... Read More »
With the new TDS rule, every time you make a payment, you must ask if the receiver has filed tax returns in last two years
“Suppose you are making payment to a contractor. And, when you’re getting the work executed, you’re supposed to deduct TDS at 2% — that’s the normal rate. If I made a payment of ₹ 1 crore, I deducted TDS of ₹2 lakh and deposited it in h... Read More »
Quarterly GST returns to ease compliance from January 1
The goods and services tax (GST) taxpayers with a turnover of up to Rs 5 crore will have the option to ease their compliance burden from January 1, as the facility to file GSTR-3B only on a quarterly basis kicks in. Currently, GSTR-3B is filed on a m... Read More »
CBDT deploys two-third of its workforce for faceless assessment scheme
The Central Board of Direct Taxes (CBDT) has deployed two-third of its workforce to deal with the faceless assessment scheme. "Now, the National e-Assessment Centre (NeAC) which is headed by Principal Chief Commissioner of Income Tax is having a team... Read More »
GST registration after physical verification of biz place if Aadhaar not authenticated: CBIC
Businesses registering under GST can opt for Aadhaar authentication, in absence of which registration would be granted only after physical verification of the place of business. In a notification, the Central Board of Indirect Taxes and Customs (CBIC... Read More »
Delhi govt sends notices to over 5,500 firms for not filing tax returns
The Delhi government sent notices to over 5,500 companies for not filing tax returns on Friday. The government is also preparing a list of tax defaulters, it said in a statement. "Nine sectors, including e-commerce, insurance and financial services, ... Read More »
Banks, post offices can now find out TDS on large cash withdrawals
Banks and post offices can now ascertain the tax deducted at source (TDS) of those withdrawing large cash just by entering permanent account number of these assesses on the facility provided by the income tax department. The department has facilitate... Read More »
Need to use resources prudently in COVID-19 crisis, don't initiate any new scheme: FinMin to ministries
The finance ministry has asked all ministries and departments not to initiate any new scheme in the current financial year and said that there is a need to use resources prudently in the wake of the COVID-19 crisis. However, funds for schemes under t... Read More »
US to probe India's digital tax; it's non-discriminatory, says New Delhi
The US has decided to launch an investigation against India for levying a 2 per cent digital tax on technology majors, to determine if it “unfairly targets” American companies like Amazon, Google, and Facebook. The US Trade Representative (USTR) ... Read More »
MSMEs may get working capital boost with ‘overdraft guarantee’
The Modi government is likely to announce the much-awaited stimulus package with focus on micro, small and medium enterprises (MSMEs) in the next couple of days.Multiple sources confirmed that the package will be composite. “On the one hand, it wil... Read More »
You may have to claim refund for FY 2019-20 tax saving done after March 31
The government has extended various tax-related deadlines for the financial year 2019-20 to June 30, 2020 (from March 31, 2020). These include the deadline for completing one's tax-saving exercise.According to a finance ministry press release issued ... Read More »