Income tax Services

1. Income Tax E-Filing (Individuals)

This service is designed for individuals earning income from salary, pension, interest, house property, or capital gains. We ensure accurate return filing with proper claim of deductions and exemptions, helping maximize refunds and minimize the risk of notices.

Forms Used: ITR-1, ITR-2

Applicable For:

• Salaried individuals
• Pensioners
• Individuals with capital gains
• Individuals having more than one house property

Important Points:

• ITR-1: Applicable for income up to ₹50 lakh (salary, one house property, other sources)
• ITR-2: No upper limit; applicable for higher income, capital gains, or multiple properties

 

 

2. Business & Professional Tax Filing

This service is for proprietors and professionals earning income from business or profession. It covers both normal taxation and presumptive taxation schemes, ensuring proper expense claims and tax optimization.

Forms Used: ITR-3, ITR-4

Applicable For:

• Proprietorship businesses
• Traders / shopkeepers
• Freelancers
• Professionals (CA, Doctor, Lawyer, Consultant)

Important Points:

• Section 44AD: For businesses (turnover up to ₹2 crore)
• Section 44ADA: For professionals (income up to ₹50 lakh)
• Books of accounts and audit required if conditions are not satisfied

 

 

3. Partnership Firm / LLP ITR Filing

Return filing is mandatory for partnership firms and LLPs, irrespective of profit or loss. We ensure proper computation of income, partner remuneration, and compliance with applicable provisions.

Form Used: ITR-5

Applicable For:

• Partnership firms
• Limited Liability Partnerships (LLP)

Important Points:

• Audit applicable if turnover exceeds prescribed limits
• Partner salary and interest allowed as per Income Tax Act
• Timely filing required to carry forward losses

 

 

 

4. Company ITR Filing

This service covers income tax return filing for companies along with mandatory audit and compliance requirements. We ensure proper financial reporting and tax compliance as per law.

Form Used: ITR-6

Applicable For:

• Private Limited Companies
• One Person Companies (OPC)
• Other registered companies

Important Points:

• Tax audit mandatory
• ROC compliance required separately
• MAT and other provisions may apply

 

 

 

5. Trust / NGO Tax Filing

This service is for charitable trusts, NGOs, and Section 8 companies. Proper compliance with income application rules and exemption provisions is ensured.

Form Used: ITR-7

Applicable For:

• Trusts
• NGOs
• Section 8 Companies

Important Points:

• Registration under 12A/12AB required
• 80G benefits for donors (if applicable)
• Minimum income application rules must be followed

 

 

 

6. 15CA – 15CB Filing

This service is required for foreign remittances (payments made outside India). We handle certification and compliance to ensure adherence to TDS provisions and FEMA regulations.

Forms Used:

• 15CA (Declaration by remitter)
• 15CB (CA Certificate)

Applicable For:

• Import payments
• Foreign services
• Royalty, commission, technical fees

 

 

 

7. TAN Registration

TAN (Tax Deduction Account Number) is mandatory for entities deducting TDS. We assist in quick and accurate registration.

Applicable For:

• Companies
• Firms
• Proprietors deducting TDS
• Employers

Important Point:

• TAN is mandatory before deducting TDS

 

 

 

8. TDS Return Filing

Quarterly TDS return filing is mandatory for all entities deducting tax. We ensure timely and accurate filing to avoid penalties.

Forms Used:

• 24Q – Salary
• 26Q – Non-salary
• 27Q – Foreign payments

Important Points:

• Quarterly filing required
• Delay attracts late fees and penalties
• Proper filing ensures correct TDS credit

 

 

 

9. Income Tax Notice Handling

We provide professional support in handling income tax notices, including drafting replies and representing your case before the department.

Notices Covered:

• 143(1) – Intimation
• 139(9) – Defective return
• 148 – Reassessment
• Scrutiny notices

Services Include:

• Reply drafting
• Documentation support
• Representation before authorities

 

 

 

10. Revised / Updated Return (ITR-U)

If a return is missed or errors are made, it can be corrected through an updated return (ITR-U), subject to applicable conditions and additional tax.

Form Used: ITR-U

Time Limit:

• Within 24 months from the end of the relevant assessment year

Important Points:

• Additional tax of 25% or 50% applicable
• Cannot be used to claim a refund
• Used to declare missed income or correct errors