Required documents vary by taxpayer type: For Salaried Individuals - PAN Card, Aadhaar Card, Form 16 from employer, salary slips (last month), bank statements (savings accounts for interest income), investment proofs for 80C deductions (LIC, PPF, ELSS, etc.), home loan interest certificate if applicable, rent receipts if claiming HRA, and previous year ITR. For Self-Employed/Business - PAN, Aadhaar, business bank statements (12 months), profit & loss statement, balance sheet, purchase and sales invoices, GST returns, TDS certificates, and investment proofs. For Capital Gains - Share transaction statements, property sale deed, and purchase documents. Our CA team provides a customized checklist based on your specific income sources and investments.

For individuals and non-audit cases, the ITR filing deadline is July 31st of the assessment year (for previous financial year). For businesses requiring audit under section 44AB, the deadline is October 31st. However, we strongly recommend filing well before these dates - preferably by June end for individuals. Early filing ensures: (1) Faster refund processing if applicable, (2) Avoid last-minute rush and technical glitches, (3) Time to handle any queries or corrections, (4) Peace of mind and compliance. Late filing attracts penalties - ₹5,000 if filed by December 31st, ₹10,000 if filed after December 31st. We send proactive reminders to all clients and ensure timely filing to avoid any penalties.

ITR filing is mandatory for: (1) Any individual with gross total income exceeding ₹2.5 lakhs (₹3 lakhs for senior citizens, ₹5 lakhs for super senior citizens), (2) Companies and firms regardless of profit or loss, (3) Anyone claiming refund of excess TDS deducted, (4) Residents having foreign assets or income, (5) Anyone depositing more than ₹1 crore in bank accounts during the year, (6) Individuals with total sales/turnover/gross receipts exceeding ₹60 lakhs in business or ₹10 lakhs in profession. Even if not mandatory, filing ITR is beneficial for: Loan applications (home, car, personal loans), visa applications, income proof for various purposes, government tender participation, claiming carried forward losses, and building financial credibility. We recommend everyone with any source of income to file ITR.

GST (Goods and Services Tax) is an indirect tax on supply of goods and services in India. GST registration is mandatory for: (1) Businesses with annual aggregate turnover exceeding ₹40 lakhs (₹20 lakhs for special category states) in case of goods, ₹20 lakhs (₹10 lakhs for special category states) in case of services, (2) Inter-state suppliers regardless of turnover, (3) E-commerce operators and sellers, (4) Casual taxable persons and non-resident taxable persons, (5) Input service distributors, (6) Persons required to deduct TDS/TCS under GST, (7) Agents and distributors. Benefits of GST registration include: Legal recognition to business, ability to collect GST from customers, input tax credit on purchases, participate in e-commerce selling, expand business across India, and improved business credibility. We handle complete GST registration process including documentation and GSTIN allotment.

GST filing frequency depends on your business type and turnover: Regular Taxpayers - GSTR-1 (outward supplies) monthly by 11th, GSTR-3B (summary return) monthly by 20th. Composition Scheme - Quarterly GSTR-4 filing and annual GSTR-9A. Small Taxpayers (turnover up to ₹5 crores) - Can opt for quarterly GSTR-1 filing under QRMP scheme while GSTR-3B remains monthly. Annual Returns - GSTR-9 (annual return) by December 31st for all regular taxpayers, GSTR-9C (reconciliation statement with audited financials) for turnover above ₹5 crores. Late filing attracts interest at 18% per annum on outstanding tax plus late fees of ₹50 per day (₹20 for nil returns) subject to maximum limits. We provide timely filing services for all GST returns with proper invoice management, input tax credit optimization, and complete compliance support.

There are 7 ITR forms for different taxpayer categories: ITR-1 (Sahaj) - For individuals with income from salary, one house property, and other sources (interest, etc.) up to ₹50 lakhs. ITR-2 - For individuals/HUFs with income from salary, house property, capital gains, but no business income. ITR-3 - For individuals/HUFs with income from business/profession. ITR-4 (Sugam) - For presumptive business income under sections 44AD, 44ADA, 44AE. ITR-5 - For partnership firms, LLPs, and other persons. ITR-6 - For companies (other than those claiming exemption under section 11). ITR-7 - For trusts, political parties, institutions, and specific entities. Most salaried individuals fall under ITR-1, while business owners typically use ITR-3 or ITR-4. Our CA team determines the correct form based on your income sources and ensures accurate filing in the appropriate form.

TDS (Tax Deducted at Source) is tax collected at the source of income generation. Common TDS scenarios: Salary - Employer deducts TDS based on estimated annual income and tax slab (Section 192). Professional Fees - 10% TDS if payment exceeds ₹30,000 in a year (Section 194J). Contractor Payments - 1% or 2% TDS if payment exceeds ₹30,000 in a single transaction or ₹1 lakh in a year (Section 194C). Rent - 10% TDS if monthly rent exceeds ₹50,000 (Section 194I). Interest by Banks - 10% TDS if interest exceeds ₹40,000 (₹50,000 for senior citizens) (Section 194A). Commission/Brokerage - 5% TDS if payment exceeds ₹15,000 in a year (Section 194H). The deductor must issue TDS certificate (Form 16/16A), deposit TDS with government by 7th of next month, and file quarterly TDS returns. We help with TDS computation, return filing, Form 16 generation, and TDS reconciliation.

Yes, we provide complete assistance with all types of income tax notices including: Section 139(9) - Defective return intimation requiring corrections. Section 143(1) - Summary assessment intimation with refund or demand. Section 143(2) - Notice for scrutiny assessment (detailed verification). Section 148 - Notice for reassessment of escaped income. Section 156 - Demand notice for outstanding tax. Our services include: Detailed analysis of the notice and reasons, gathering required supporting documents, preparation of comprehensive responses addressing all queries, representation before assessing officer if personal hearing required, negotiation for penalty waivers where applicable, and appeal filing if assessment order is unfavorable. We have successfully resolved thousands of tax notices helping clients avoid penalties and minimize tax demands through proper documentation, legal provisions, and professional representation. Early consultation improves resolution chances - contact us immediately upon receiving any tax notice.

Major tax deductions available: Section 80C - Up to ₹1.5 lakhs for LIC, PPF, ELSS, NSC, home loan principal, tuition fees, Sukanya Samriddhi, EPF contributions. Section 80D - Health insurance premiums: ₹25,000 for self/family (₹50,000 for senior citizens), additional ₹25,000 (₹50,000) for parents. Section 80CCD(1B) - Additional ₹50,000 for NPS contributions. Section 24 - Up to ₹2 lakhs for home loan interest (self-occupied property). Section 80E - Complete interest on education loan (no limit). Section 80G - 50% or 100% of donations to specified funds/charities. Section 80TTA/TTB - Interest on savings account: ₹10,000 for individuals (₹50,000 for senior citizens). HRA - House Rent Allowance exemption for salaried employees. LTA - Leave Travel Allowance exemption (twice in 4 years). Standard Deduction - ₹50,000 for salaried individuals. Our tax planning services help maximize deductions legally through strategic investment planning and proper documentation ensuring minimum tax liability.

The choice depends on your investments and deductions: Old Tax Regime - Allows all deductions under 80C, 80D, HRA, LTA, home loan interest, etc. Higher tax slabs but lower effective tax after deductions. Better for those with significant investments, home loans, insurance, and deductions. New Tax Regime (Default from FY 2023-24) - Lower tax rates but no deductions (except standard deduction and employer NPS). Better for those without significant investments or deductions. Simple and straightforward. Tax Slabs Comparison: Income ₹0-3L: 0% both regimes. ₹3-6L: 5% old, 5% new. ₹6-9L: 10% old, 10% new. ₹9-12L: 20% old, 15% new. ₹12-15L: 20% old, 20% new. Above ₹15L: 30% old, 30% new. Our CA team analyzes your complete income and investment profile, calculates tax liability under both regimes, and recommends the regime that results in minimum tax liability. You can switch regime every year (salaried) or once (business), providing flexibility to optimize tax based on changing circumstances.