Income Tax Advisory & Compliance

 

What We Do

 

Return Filing We handle ITR preparation and filing across all forms — ITR-1 through ITR-6 — covering salary, business & profession income, capital gains, foreign assets, and exempt income. Every return is reviewed for accuracy, completeness, and filing deadline compliance before submission.

 

Capital Gains Planning & Computation Capital gains — especially on property, unlisted shares, and securities — are often misreported. We compute the correct cost of acquisition, indexation benefit, and applicable tax rate, and proactively advise on reinvestment options u/s 54, 54F, 54EC to minimise your tax outgo.

 

Tax Planning & Advisory Effective tax planning is not about avoidance — it is about making informed decisions before the financial year ends. We review your income profile, identify deduction opportunities u/s 80C, 80D, 80G, and 80GGB, and advise on timing of income and investments.

 

Advance Tax Management We estimate your advance tax liability at each instalment due date and ensure timely payments — avoiding interest u/s 234B and 234C that accumulates silently and surprises clients at the time of filing.

 

Foreign Income & Asset Disclosure If you hold foreign bank accounts, investments, or assets, we ensure proper disclosure in Schedule FA, correct claiming of Foreign Tax Credit in Schedule FSI, and filing of Form 67 where applicable.

 

Other Filings & Certifications - Form 10E — Relief u/s 89(1) for salary arrears - Form 15G / 15H — TDS exemption declarations - Form 12BB — Investment declarations for salaried employees - Condonation of delay applications

 

Why It Matters

•             A missed deduction cannot always be claimed retrospectively.

•             An incorrect ITR invites scrutiny and notice under Section 143(1)(a).

•             Capital gains under-reported attract penalty u/s 270A — up to 200% of tax evaded.

•             Foreign asset non-disclosure triggers Black Money Act prosecution.

 

Our Process

1.          Information Gathering — Structured checklist shared for all income sources

2.          Computation & Review — Draft computation reviewed with you before filing

3.          Filing & Acknowledgement — Return filed and ITR-V/acknowledgement shared promptly

4.          Post-Filing — We track processing status and respond to 143(1) intimations if any

 

Talk to Us

Have a complex income situation? Received a mismatch notice from CPC? Let us take a look.