Tax Return Services
Chartered Accountants (CAs) play a crucial role in helping individuals and businesses file their tax returns. We ensure accurate and reliable tax return filing assistance.
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Assessment of Tax Liability
We can assess an individual's or business's tax liability by reviewing their income, expenses, investments, and other financial details. They consider various tax deductions, exemptions, and credits available under the Indian Income Tax Act to optimize tax planning and minimize tax liabilities.
Gathering and Organizing Documents
We assist in collecting and organizing all the necessary documents required for tax return filing, including income statements, bank statements, investment details, property documents, and other relevant financial records. They ensure that the documentation is accurate, complete, and in compliance with tax regulations.
Preparation and Compilation of Tax Returns
We use our expertise to accurately prepare the tax return forms, such as ITR-1, ITR-2, ITR-3, etc., based on the taxpayer's category and income sources. They ensure that the information provided is consistent, correct, and aligned with the applicable tax laws and provisions.
Tax Planning and Optimization
We offer tax planning strategies to optimize the tax liabilities of individuals and businesses. They explore opportunities for deductions, exemptions, and credits while ensuring compliance with the tax laws. We keep up with the latest tax regulations and amendments to provide accurate and up-to-date advice.
Filing of Tax Returns
We electronically file the tax returns on behalf of their clients through the Income Tax Department's online portal. They ensure the submission is done within the specified deadlines, such as July 31st for individual taxpayers (except for certain cases).
Handling Notices and Assessments
In case a taxpayer receives a notice from the Income Tax Department, we assist in interpreting and responding to the notice. They help in addressing any queries or discrepancies raised by the tax authorities and represent the taxpayer during assessments, if required.
Compliance with Tax Regulations
We ensure that the tax returns are filed in compliance with the relevant tax laws, rules, and provisions. They assist in fulfilling reporting requirements related to foreign assets, income from multiple sources, capital gains, business income, and any other specific disclosures mandated by the tax authorities.
Tax Refund Assistance
If a taxpayer is eligible for a tax refund, we help in processing the refund claim and follow up with the tax department for timely disbursal of the refund amount.
Expert Advice and Updates
We keep their clients informed about any changes in tax laws, regulations, or compliance requirements. They provide expert advice on various tax matters, helping individuals and businesses make informed decisions and stay compliant with the tax regulations.
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Business & Individual Tax
We are highly knowledgeable and well-versed in tax laws, regulations, and procedures. Tax matters can be time-consuming, especially for businesses with complex financial transactions. We will help you free up your valuable time and resources. Schedule a consultation, we are more than happy to provide you a viable solution.