Income Tax Services:
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Income Tax Return Filings
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TDS Return Filings
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Tax Audit
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Income Tax Assessment
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Income Tax Appeals
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Tax Planning
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Transfer Pricing
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Capital Gain Advisory
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PF, ESI Filings
Income Tax Services:
We provide end-to-end income tax solutions to individuals, businesses, and organizations, ensuring compliance with Indian tax laws while optimizing your tax liability. Here’s what we offer:
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1. Deductions Under Income Tax
Maximize your savings with a variety of deductions available under the Income Tax Act:
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Section 80C: Investments in PPF, ELSS, NSC, life insurance premiums, etc. (Limit: ₹1,50,000).
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Section 80D: Medical insurance premiums (Limit: ₹25,000 for individuals; ₹50,000 for senior citizens).
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Section 80E: Interest on education loans.
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Section 24(b): Interest on home loan (Limit: ₹2,00,000 for self-occupied property).
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Section 80G: Donations to charitable organizations.
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Section 80TTA/80TTB: Interest on savings account (₹10,000 for individuals; ₹50,000 for senior citizens).
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Section 87A: Rebate for individuals with total income up to ₹7,00,000 (₹25,000 max under the new regime).
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2. Tax Audit
Ensure your business complies with tax audit requirements under Section 44AB:
Applicable if turnover exceeds:
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₹1 crore for businesses (₹10 crores if cash receipts/payments are ≤5%).
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₹50 lakhs for professionals.
Key Components of Tax Audit:
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Review of books of accounts.
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Verification of tax compliance (TDS, GST).
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Reporting in Form 3CA/3CB and Form 3CD.
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3. Tax Planning
Strategic tax planning helps you save money while complying with tax laws. Our services include:
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Choosing the best tax regime (Old vs. New).
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Optimizing investments for tax-saving benefits.
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Efficient use of allowances like HRA, LTA, and transport.
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Planning for deductions under Chapter VI-A.
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4. Filing Tax Returns (ITRs)
We assist in filing the right ITR form based on your income type:
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ITR-1 (Sahaj): For salaried individuals with income up to ₹50 lakhs.
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ITR-2: For individuals with capital gains or income from more than one house property.
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ITR-3: For professionals or business income.
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ITR-4 (Sugam): For presumptive taxation scheme.
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ITR-6: For companies not claiming exemptions under Section 11.
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ITR-7: For entities claiming exemptions (trusts, NGOs).
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5. TDS Compliance
We ensure timely filing of TDS returns and compliance with TDS provisions under Sections 192, 194C, 194J, etc.
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Form 16 for salaried employees.
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Form 26Q/27Q for payments to residents and non-residents
6. Resolving Tax Notices
Have you received an income tax notice? Don’t worry—we assist in:
Responding to notices under Section 143(1), 148, 139(9), etc.
Representing you in scrutiny assessments.
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7. Key Deadlines
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ITR Filing: 31st July for individuals; 30th September for audited entities.
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Tax Audit Report: 30th September.
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Advance Tax Payments: Quarterly installments (15th June, 15th September, 15th December, 15th March).
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Why Choose Us?
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Expert Guidance: With extensive experience in tax laws, we simplify complex tax scenarios.
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Timely Compliance: Avoid penalties with our proactive reminders and filing services.
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Customized Solutions: Tailored tax planning strategies to meet your financial goals.