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Taxation

Taxation is how governments raise funds for public services. India's system has Direct Taxes (like Income Tax, paid directly by individuals/companies) and Indirect Taxes (like GST - Goods and Services Tax, a consumption-based tax levied on goods and services, ultimately borne by the consumer). GST, implemented in 2017, aimed for "One Nation, One Tax" by subsuming various previous indirect taxes.

Comprehensive tax solutions for accurate compliance, strategic planning, and peace of mind.

Income Tax Return Filing (ITR)

  • Overview: Preparation and filing of annual income tax returns for individuals, businesses, professionals, and HUFs.

  • Eligibility: Any entity with taxable income or as mandated by law.

  • Documents Required:

    • PAN, Aadhaar

    • Form 16 / Profit & Loss Statement

    • Bank statements, investment proofs

    • Previous year ITR (if available)

 

GST Registration & Return Filing

  • Overview: Mandatory for entities exceeding prescribed turnover; includes monthly/quarterly returns.

  • Eligibility: Businesses with turnover above ₹40L (goods) or ₹20L (services); inter-state suppliers, e-commerce participants.

  • Documents Required:

    • PAN, Aadhaar, photo of proprietor/partners/directors

    • Proof of business address

    • Bank account details

    • Business registration proof

 

TDS Return Filing

  • Overview: Filing of quarterly returns under Income Tax Act for tax deducted at source across salary, rent, commission, etc.

  • Eligibility: Companies, LLPs, or individuals deducting tax on payments.

  • Documents Required:

    • TAN, PAN details of deductor and deductees

    • Payment records, challans

    • Salary/rent/contract data

 

Advance Tax Calculation & Filing

  • Overview: Estimating and paying taxes in quarterly installments to avoid interest or penalties.

  • Eligibility: Tax liability of ₹10,000 or more in a financial year.

  • Documents Required:

    • Estimated P&L or income projection

    • Previous year tax data

    • Asset/liability update (if any)

 

Tax Planning & Advisory

  • Overview: Strategic recommendations to optimize tax liability using lawful exemptions, deductions, and rebates.

  • Eligibility: Businesses, professionals, HNIs, salaried individuals.

  • Documents Required:

    • Current year income/expense details

    • Investment plans

    • Business structure & ownership

 

PAN / TAN Applications

  • Overview: Facilitation of Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

  • Eligibility: Required for individuals, firms, and companies engaging in financial transactions or TDS.

  • Documents Required:

    • Proof of identity & address

    • Incorporation/constitution documents (for entities)

    • Authorized signatory ID

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