- Income Tax Returns [ITRs1 to 7]
- TDS returns [Form 24Q, 26Q, 27Q, 27EQ]
- Income Tax Audits (through our associate CA firm) [ Forms 3CA, 3CB, 3CD]
- Advance Tax computation and assistance in deposition
Income Tax Department Matters
- Responding to all classes of Income Tax Notices
- Filing appeals and defending against Income Tax Department upto Tribunal (ITAT)
- Defending Search and Seizure cases
- Obtaining Tax Clearance Certificate
- Securing Lower Deduction Certificate
- All other department matters
International Taxation (to give link to International taxation page)
- Transfer Pricing Report
- Transfer Pricing Audit [Form 3 CEB]
- Form 15 CA / CB for transfer of money outside India
- Other Forms related to cross border transactions [Forms 3 CEB, 3 CEJ etc.]
Charitable Institutions [NGOs, Trusts etc.]
- Applying for registration u/s 12 AB as well as 10(23 C) – Forms 10A, 55, 56, 56 D
- Guiding as to which registration would be more beneficial
- Audits of Charitable Institutions [ Form 10 B, 10 BB]
- Filing forms for multiple exemptions, reliefs [Form 9A, 10]
- Applying for Sec 80 G deduction eligibility
Finance Act 2020 mandated all Charitable institutions to not only obtain fresh registration but also to have it renewed every 5 years. Deadlines have been prescribed within which such applications have to be filed. You cannot afford to miss these deadlines.
Artificial Intelligence and Machine Reading
Over the years income tax compliance has been made an exercise of extreme caution since the Income Tax Returns are processed using AI and MR techniques which do not tolerate any error. However, it also been responsible for faster refund processing if the Income Tax Returns are filed in time.
We take a holistic view, combining industry insight with the technical skills of financial and tax professionals, economists, lawyers and our other in-house resources as necessary, to develop comprehensive integrated solutions.
- PAN application
- TAN application
- Digital Signature
- Any and all other Income Tax related matters
File Income Tax Return Online
You need not visit our office but only need to share the following documents with us:
- Father’s Name
- Date of Birth
- Form 16 – received from your employer
- Form 16A – for any Income other than salary (if available)
- Fixed Deposit Interest Certificate from Bank
- Bank Statement/ Pass Book
- Passport Number
- Mobile Number & Landline Number (if any)
- All operative bank accountdetails [Bank name, Branch, IFS Code, a/c number]
If you have forgotten your password, the following will be needed:
- Email ID and Mobile Number; or
- Digital Signature Certificate; or
- Answer of the Secret Question
The income earned in a financial year (April 1 to March 31) is subject to tax and filing Income Tax Returns (ITRs) is the way to inform the Income Tax Department (ITD) of the same.
The department has 3 ways of collecting tax:
- Advance Tax
- Self-Assessment tax
Income Tax Returns
To file an ITR, multiple clauses across the Income Tax Act, 1961, are to be given effect to, net income computed, deduct the tax already paid and hence deduce the final tax payable followed by furnishing all this information through the ITR. This completes a simple income tax compliance for a financial year.
The ITR forms differ based primarily on the sources of income and need for income tax audit. In any financial year there are 7 ITR forms that are notified.
September month is a Tax audit month. Since the audit has to be completed on or before due date i.e. 30th Sept. This section creates an obligation on the following persons to get his accounts audited by a chartered accountant in full time practice and to furnish by the specified date, the report in prescribed form of such audit:
- A person carrying on business, if the total sales, turnover or gross receipts in business in the relevant previous year exceed or exceeds Rs. 2 Crores
- The Person is carrying in Profession, and his Gross Receipts exceed Rs. 50 Lakhs
- The Person is carrying on business or profession and is covered under the provisions of section 44AD, 44AE, 44AF, 44BB, 44BBB and claims that his income from the said business is lower than the deemed profits and gains computed under the relevant section.
Under Sec. 44AB, assessee is required to file either Form 3CD/3CA or Form 3CD/3CB. A Person who carries on business or profession and who is required by or under any other law to get his accounts audited, is required to file Form 3CA. For e.g. Companies are required to get their accounts audited under Companies Act 2013 and Cooperative Societies are also required to get their accounts audited under the Co-operative Societies Act,1912.
A proper audit for tax purposes would ensure that the books of account and other records are properly maintained, that they faithfully reflect the income of the taxpayer and claims for deduction are correctly made by him. Such audit would also help in checking fraudulent practices. It can also facilitate the administration of tax laws by a proper presentation of the accounts before the tax authorities and considerably saving the time of Assessing Officers in carrying out routine verifications, like checking correctness of totals and verifying whether purchases and sales are properly vouched or not. The time of the Assessing Officers thus saved could be utilized for attending to more important investigational aspects.