Multiuse offers comprehensive Accounting and Bookkeeping services to allow you to focus on your core business. Our services include handling all accounting entries, tax compliance, vendor payments, bank reconciliation, and employee reimbursements and providing detailed MIS reports as needed. Let us take care of these tasks so you can focus on growing your personal as well as business.

Multiuse assist you with managing your Accounting & bookkeeping services

Multiuse save your time, cut costs, and get expert help with numbers when you use Multiuse services. Our complete focus is systemically simplifying operations using cutting-edge technology to your full advantage.

Our experienced team of experts, you can efficiently and cost-effectively reach your goals without the risk of making mistakes, wasting time, or spending money that is associated with in-house accounting.

Our comprehensive Outsourcing Accounting & Bookkeeping Service

Good Services Tax ( INDIRECT TAX)

Multiuse help your businesses stay compliant with the present-day GST (Goods & Services Tax) laws. We make it effortless for businesses to stay updated with GST compliances by providing services such as invoicing, timely filing of monthly and annual returns, details of input credits used, error-free tax calculation, and more, avoiding late penalties.

Multiuse guide you filing GST Returns Monthly and Quarterly.

Navigating GST Refunds: A Guide to Filing Applications and Tracking Progress.

A Step-by-Step Guide for Businesses: GSTR 2A Reconciliation with the help of Multiuse.

GSTR 9 Filing: Understanding the Process and Working of Annual Returns.

Our Team regular Follow-up and Enforcement of GST: Staying Compliant with Expert.

INCOME TAX ( DIRECT TAX)

Multiuse Services provide your individuals and businesses stay compliant with the dynamic Income Tax laws in India. We provide a comprehensive array of services like automated income tax calculations, filing IT returns, and maintaining and validating tax documentation as per the applicable tax regulations.

Multiuse provide Streamline TDS and TCS returns and payments on time.

Efficiently Issuing Tax Certificates for Vendors with Multiuse.

Our Expert File Your Efficient Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) Returns Easily.

Effortlessly Computing Advance Tax with Multiuse

Expert Solutions for Tax Deducted at Source (TDS) Default Issues with Multiuse Services.

Streamlining Income Tax Computation and Filing for Individuals, Companies, LLPs, Proprietors, Trusts, and More with Multiuse.

Income Tax Return (ITR)

An Income Tax Return (ITR) is a form that taxpayers use to report their income details and tax payments to the income tax department. There are seven different ITR forms available for ITR e filing: ITR 1 through ITR 7. The appropriate form for a taxpayer depends on various factors, including their sources of income, the total amount earned, and the type of taxpayer they are (such as individuals, Hindu Undivided Families (HUFs), companies, etc.). Each taxpayer must accurately complete and submit their income tax filing by a specified deadline to comply with tax laws.

Salaried Individuals

If your total income before deductions under Sections 80C to 80U exceeds the basic exemption limit, you are mandated for income tax filing.

Firms

All corporate entities, including private limited companies, LLPs (Limited Liability Partnerships), and traditional partnerships, must file their ITR e filing annually, regardless of profit or loss.

Directors and Partners

Individuals serving as directors in private limited companies or partners in LLPs are required to do income tax filing reflecting their income and financial activities within the company.

Dividend Earners

If you receive dividends from sources such as mutual funds, bonds, equities, fixed deposits, and interest, you need to done the ITR e filing. This Income tax filing ensures that all sources of income are properly reported and taxed if applicable.

Charity and Religious Trusts

Income received from managing charity funds, religious trusts, or voluntary contributions also necessitates the Income tax e filing meant to maintain transparency and adherence to tax laws.

Tax Refunds

Those eligible for tax refunds, including individuals and businesses, should do income tax filing online to claim refunds on taxes previously overpaid.

NRIs and Tech Professionals

Non-resident Indians (NRIs) and technology professionals must complete income tax filing if their income derived from India surpasses the exemption limit or involves specific financial transactions.

Eligibility for Income Tax Filing 

In India, the obligation to do ITR e filing arises under certain conditions. One of the primary criteria for Income tax e filing is when your gross total income exceeds the basic exemption limits, which are age-dependent:

  • Individuals under 60 years: Rs 2.5 lakh
  • Individuals between 60 and 80 years: Rs 3.0 lakh
  • Individuals over 80 years: Rs 5.0 lakh

However, there are other specific circumstances that required for an income tax filing, even if your income is below these thresholds:

High-value Transactions: You are required to do Income tax filing if you have:

  • Deposited Rs 1 crore or more in one or more current bank accounts.
  • Deposited Rs 50 lakh or more in one or more savings bank accounts.
  • Spent over Rs 2 lakh on foreign travel.
  • Incurred electricity expenses exceeding Rs 1 lakh during the financial year.
  • Had TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) exceeding Rs 25,000 (or Rs 50,000 for senior citizens).

Business and Professional Income:

  • Businesses: Mandatory if your total sales, turnover, or gross receipts exceed Rs 60 lakh during the financial year.
  • Professionals: Mandatory if gross receipts exceed Rs 10 lakh during the financial year.

PF/ESIC Return Filing

Employee Provident Fund (PF) return filing is a fundamental responsibility for establishments with PF registration. Ensuring compliance with monthly filing requirements is essential to avoid penalties and maintain statutory adherence. At Multiuse, we recognize the significance of this obligation and stand ready to assist you every step of the way. Our team of experts is dedicated to providing comprehensive guidance and support throughout the PF return filing process, empowering you to fulfil your regulatory obligations easily and confidently.

EPF Scheme

The EPF Scheme, established by the government, is a social security initiative to promote savings among employees and ensure post-retirement benefits such as pensions. Through regular contributions deducted from their salaries, employees accumulate savings over time. Upon retirement or leaving their jobs, these savings can be accessed as a lump sum payment.

Under the EPF scheme, employers and employees contribute 12% of basic pay. While 3.67% of the employer’s contribution is directed to the employee’s EPF account, the remaining 8.33% is allocated to the Employees Pension Fund (EPF).

Employees can withdraw EPF amounts upon retirement (at or after 58 years of age), unemployment for two months, or in the event of death before the specified retirement age.