Our Income Tax Services Include:

Income Tax Return Filing:

Filing your income tax returns accurately and on time is crucial to avoid penalties. We help with:

• ★   For Individuals (ITR-1, ITR-2, ITR-3, ITR-4): We guide you in choosing the correct ITR form based on your income sources (like salary, house rent, or capital gains) and help you maximize deductions under sections like 80C and 80D.
• ★   For Businesses and Firms (ITR-5, ITR-6, ITR-7): Whether you own a small business, a partnership firm, or a company, we ensure your tax returns are filed accurately, including GST reconciliation and other tax matters.
• ★   For Freelancers and Self-employed: We assist in claiming allowable expenses and deductions, helping you file under the right category and stay compliant.
• ★   NRI Income Filing: We also specialize in helping non-resident Indians file their global income.

Tax Planning & Advisory:

Good tax planning goes beyond just filing returns. We help you minimize your tax liability & Maximise your Tax refund by:

• •  Advising on tax-saving investments like ELSS, PPF, and NSC.
• •  Helping with tax planning under sections 80C, 80D, and other applicable sections.
• •  Providing capital gains tax strategies to manage long-term and short-term gains.
• •  Offering corporate tax planning to lower taxable income through smart financial structuring.

Income Tax Forms Assistance:

Choosing the right income tax form can be confusing. We assist you in understanding and filing the right one:

• ★   ITR-1 (Sahaj): For salaried individuals earning from salary, one house property, and other income sources like interest.
• ★   ITR-2: For individuals and HUFs who don’t have business income but have capital gains, foreign assets, or multiple house properties.
• ★   ITR-3: For individuals and HUFs with income from business or profession.
• ★   ITR-4 (Sugam): For those who opt for the presumptive income scheme under sections 44AD, 44ADA, and 44AE
• ★   ITR-5: For partnership firms, LLPs, and associations of persons (AOPs), Body of Individuals (BOIs), etc.
• ★   ITR-6: For companies, except those claiming exemptions under Section 11.
• ★   ITR-7: For entities required to file returns under Sections 139(4A), 139(4B), 139(4C), or 139(4D), such as trusts, political parties, etc.
• ★   Form 16: A TDS certificate issued by employers that gives a detailed summary of your salary and tax deducted at source.
• ★   Form 26AS: A tax statement showing your total tax liability, TDS, and advance tax paid.
• ★   Forms 15G and 15H: For those looking to avoid TDS on interest income because their total income is below the taxable limit.

Handling Income Tax Notices:

If you receive an income tax notice, it can be stressful. We provide support in:

• ★   Responding to Notices (Section 143(1), 139(9), etc.): We help you address any discrepancies or queries raised by the tax department.
• ★   Rectifying Returns (Section 154): If there’s an error in your return, we help you fix it quickly.
• ★   Scrutiny Assessments (Section 143(2)): If your return is selected for scrutiny, we represent you and handle all document submissions.
• ★   Reassessment Cases (Section 148): If your case is reopened for reassessment, we gather the necessary documents and manage the process for you.
• ★   TDS Notices: We also assist with any TDS-related queries and ensure compliance.

Rectifications and Refunds:

Mistakes in tax returns can cause issues like tax notices or refund delays. We help with:

• •  Filing rectifications for any errors in TDS credits, loss carry-forwards, or other mistakes.
• •  Tracking and processing refunds to ensure you get your due if you’ve paid excess tax.