Direct Tax Planning & Advisory Services
Direct Tax is pivotal tax in India.
Our range of services start from obtaining basic requirements & registration viz PAN & TAN, with periodic compliance services of filing returns & to advising clients about tax planning areas as well as handling of assessments as well.
OUR SERVICES
Income Tax Return Filings
Declaration of income by Assesee being individual, partnership, company, AOP, BOI to income tax Dept. We Assist to give declaration and Tax minimise Techniques
CORPORATE TAX PLANNING
Our Professionals Draft a plan for minimise Tax.
REGISTRATION 12A, 80G (TRUT/NGO)
We Provide all range of services from registration to report, Audit related Services for trust, societies, NGO’s.etc.
TDS compliances
We assist TDS Related Consultation, Filing for appeals, Challan Payments, Quarterly returns filings assistance
International Taxation
Transfer Pricing, Arms length Transaction calculation, NRI Services etc.
REPRESENTATION SERVICES
Appearing before Income tax Authorities, High courts for Tax related Matters
AUDIT AND ASSURANCE
We Provide Audit services to all types of Assessee (Individual, HUF, Firms, Trust, Companies
Salary Package structuring to maximise tax benefits
Assists in Tax planning of Salaried Individuals to reduce tax Burden.
Special Offer
25% Off for Until 30th June 2024
A limited offer to avail our services at Discounted Prices
Frequently Asked Questions
Income tax is a tax charged on the annual income of an individual or business earned in a financial year. The Income Tax system in India is governed by The Income Tax Act, 1961, which lays out the rules and regulations for income tax calculation, assessment, and collection.
Companies, Corporate Firms, Bodies of Individuals (BOI), local authorities, associations of persons (AOPs), and Hindu Undivided Families (HUFs) should pay income tax. Besides, if your gross income is above the mark of 2.5 lakhs, you should file your Income Tax Returns every year
How to respond to income tax demand?
Log in to e-Filing portal and click Pending Actions > Response to Outstanding Demandand you will be taken to Response to outstanding demand page. If there are demands outstanding against your PAN, the current status against each of the past / existing outstanding demands will be updated as Pending payment / Response.
How to check demand status of income tax?
Step 1: Go to the e-Filing portal homepage. Step 2: Click Income Tax Return (ITR) Status. Step 3: On the Income Tax Return (ITR) Status page, enter your acknowledgement number and a valid mobile number and click Continue. Step 4: Enter the 6-digit OTP received on your mobile number entered in Step 3 and click Submit.
What if I ignore income tax notice?
Ignoring the notice could lead to penalties and interest on unpaid tax
What happens if I get income tax notice?
Normally you get up to 15 days to respond to the query and you can meet your Assessing Officer and close it out. However, in case you do not respond your return may be declared invalid and could also invite penalty and interest on delayed payment of tax. You can also respond online to the notice.
TDS or Tax Deducted at Source is an income tax that is collected from certain payments like rent, salary, commission, interest, professional fees, etc. The person paying the amount should deduct TDS from such a payment.
A TDS Refund arises when the taxes paid by way of TDS are greater than the actual tax payable calculated for the Financial Year. It is calculated after consolidating income earned from various sources. We all, as taxpayers, are categorized under various tax slabs
Difference between income as shown in AIS and 26AS?
Income reflected in AIS and 26AS are based on information received from different sources and tax compliance made by different stakeholders. These are made available to the Taxpayer for reference purpose. Taxpayer should check his book of records and provide information in the return as per the information available with him.
If there is variation between the TDS/TCS or tax payments as provided in Form26AS and the TDS/TCS or tax payments provided in AIS, the Taxpayer may rely on the TDS/Tax payment information provided in 26AS for the purpose of filing of tax return and for computing Pre-paid Taxes.
As the name itself suggests, tax audit is an examination or review of accounts of any business or profession carried out by taxpayers from an income tax viewpoint. It makes the process of income computation for filing of return of income easier