Advantages of Hiring a Tax Consultant
By gkkedia Dt. December 12th, 2019
People usually argue that hiring a tax consultant is a wastage of money but on the contrary they can prove to be an asset in your life. Before discussing about the advantages of hiring a tax consultant, the meaning of tax consultant should be understood. Most people consider tax consultant as ITR preparer. But the tax consultants are not just ITR prepares. They are the tax advisor which everyone needs in their day to day life.
So, lets discuss the advantages of hiring a tax consultant one by one.
Complying with the tax laws: As the government awareness has increased over past few years towards tax evasion, it has introduced various new provision and compliance for preventing tax evasion and it is very difficult for a person to stay updated with these amendments and insertions. But a tax consultant always stay in touch with these amendments and insertions and update you from time to time, thereby ensuring compliance of the laws.
Hassle-free and timely filing of ITR: Do you know how difficult and lengthy process is to file an ITR and how frustrating it could be due to various information required in it. A tax consultant can always help you in filing ITR on time in a hassle-free manner because he understands every aspect of ITR.
Proper Tax Planning: As a tax consultant is aware of all the deductions and exemption under the tax laws, he can help you in proper tax planning.
Providing assistance in Assessment: There is always a chance of being chosen for assessment despite of the fact of filing true information in the ITR. A tax consultant can help you in your assessment conducted by the tax department because he understands what happens in an assessment and what are the intention of the department because of his past experience.
Dodging pitfalls in the ITR: The fact that a tax consultant is expert and has experience of filing ITR always reduces the possibility of any pitfall or omission in the ITR.
So these are some of the major advantages of hiring a tax consultant with several others. Therefore, it is always advisable to have a tax consultant. So do you have a tax consultant??
No….!!! Then contact us.