Income tax compliance is a fundamental obligation for individuals, businesses, and organizations in India. Our comprehensive income tax services cover everything from ITR filing and tax planning to handling assessments, appeals, and refund claims. We help taxpayers across all categories navigate the complexities of direct taxation while ensuring complete compliance with Income Tax Act provisions.
"Strategic tax planning is not about avoiding taxes—it's about structuring your finances to legally minimize liability while building long-term wealth."
Our team of qualified tax professionals stays updated with the latest amendments, circulars, and judicial pronouncements to provide accurate advice. Whether you're a salaried individual, self-employed professional, HUF, partnership firm, or corporate entity, we offer tailored solutions to optimize your tax position and ensure timely compliance.
Our team brings decades of combined experience in income tax matters. We provide personalized attention, ensure deadline compliance, and help you maximize deductions and exemptions under the Income Tax Act.
Filing ITR is mandatory if your gross total income exceeds the basic exemption limit (Rs. 2.5 lakh for individuals below 60, Rs. 3 lakh for senior citizens, Rs. 5 lakh for super senior citizens). Additionally, ITR filing is required if you have foreign assets, want to claim refunds, have deposited over Rs. 1 crore in bank accounts, or incurred electricity/foreign travel expenses above specified limits, regardless of income level.
The Old Tax Regime offers higher tax rates but allows various deductions and exemptions under sections like 80C, 80D, HRA, LTA, and home loan interest. The New Tax Regime offers lower tax rates with a standard deduction but eliminates most exemptions and deductions. The choice depends on your investment patterns and eligible deductions. Our experts help you analyze which regime offers better tax savings for your specific situation.
For individuals, HUFs, and businesses not requiring audit, the due date is July 31st. For businesses requiring tax audit under section 44AB, the due date is October 31st. For companies requiring transfer pricing report, it's November 30th. Belated returns can be filed until December 31st of the assessment year with a late fee. Revised returns can also be filed until December 31st to correct any errors in the original return.
Tax refund arises when TDS deducted or advance tax paid exceeds your actual tax liability. To claim a refund, file your ITR accurately with all income sources and TDS details from Form 26AS. Ensure your bank account is pre-validated and linked to your PAN. After e-verification, refunds are typically processed within 4-6 weeks and credited directly to your bank account. We help track refund status and resolve any issues causing delays.
Income tax notices can be issued for various reasons including defective return (139(9)), scrutiny assessment (143(2)), demand notice (156), or non-filing (142(1)). Don't panic—read the notice carefully to understand the requirement and deadline. Respond within the specified time through the income tax portal with proper documentation. Our team provides complete representation services, helping you draft responses, gather evidence, and attend proceedings if required.
