Income Tax Services in India for ITR Filing,
Tax Planning and Notice Support.
Wrong ITR form, missed TDS credit, or an unplanned capital gain can cost more than a late filing penalty. Our income tax filing and advisory services cover ITR preparation, TDS compliance, advance tax planning, capital gains structuring, and notice handling — as an integrated engagement, not a one-time annual task.
Income Tax Return Filing and Tax Advisory for Individuals, Professionals and Businesses
Income tax compliance is not limited to filing an ITR once a year. It includes TDS deduction and deposit on salary and vendor payments, quarterly advance tax computation, capital gains reporting on investment and property transactions, business income disclosure, and responding to notices from the Income Tax Department. Our income tax engagement covers both the compliance side — accurate and timely filings — and the advisory side — regime selection, deduction planning, and structuring decisions that reduce your effective tax burden legally. The two are treated as one continuous engagement, not separate events.
What This Income Tax Page Helps You Compare
This page is written for people searching for ITR filing in India, income tax return filing, income tax planning, TDS compliance, capital gains advisory, advance tax support, and income tax notice reply assistance.
Key Points
- ITR must be filed using the correct form — the form depends on your income sources, not just your income amount
- Form 26AS and AIS must be reconciled before filing to prevent automated mismatches and notices
- Old vs. new tax regime selection must be made for each year — the optimal choice requires a numerical comparison
- TDS deducted by employers and payers must be verified against Form 26AS — discrepancies cause demand notices
- Advance tax may need to be paid in instalments during the year, and underpayment can attract interest under the Income Tax Act
- Capital gains from property, equity, and mutual funds require specific ITR forms and separate computation schedules
Income Tax Services: Full Scope of Work
From your annual ITR to multi-year tax planning — every aspect of direct tax compliance and advisory managed together.
Income Tax Return (ITR) Filing
ITR filing is the annual submission of a taxpayer's income, deductions, tax paid, and tax liability to the Income Tax Department. We identify the correct ITR form based on all income sources — salary, business/profession, capital gains, house property, or foreign income — reconcile Form 26AS and AIS before filing, and ensure the return is verified and processed correctly.
Tax Planning & Regime Advisory
Proactive tax planning involves selecting the optimal tax regime (old vs. new), maximising eligible deductions under Chapter VI-A (Section 80C, 80D, 80G, etc.), and structuring income and investments before the financial year closes. Done before year-end, not during filing season. Includes multi-year planning for individuals with variable income or business income.
TDS Compliance
TDS (Tax Deducted at Source) is the mechanism by which tax is deducted at the point of payment — on salary, contractor fees, rent, interest, and professional charges. We compute applicable TDS rates, manage monthly challan deposits, file quarterly returns (Forms 24Q, 26Q, 27Q, 27EQ), and issue TDS certificates (Form 16 and Form 16A) to deductees.
Capital Gains Tax Advisory
Capital gains tax applies on the sale of property, listed equity, unlisted shares, mutual funds, and other assets. We compute short-term and long-term capital gains, apply indexation where available, assess exemption eligibility under Sections 54, 54F, 54EC, and structure transactions to optimise the tax outcome before the sale is executed.
Advance Tax & Self-Assessment
Advance tax may need to be paid in instalments during the financial year based on estimated taxable income. We compute the likely liability using actual income to date and expected income for the balance period, helping reduce interest exposure while avoiding unnecessary over-payment.
Income Tax Notice Handling
Income tax notices are issued under specific sections — 139(9) for defective returns, 143(1) for automated processing outcomes, 143(2) for scrutiny, 148 for reassessment, and 156 for demand. We prepare structured, evidence-backed responses for each type and represent your case before assessing officers and in CIT(A) appellate proceedings.
Business & Professional Income Taxation
Income tax filing for sole proprietors, self-employed professionals (doctors, lawyers, consultants), freelancers, and partnership firms. Includes assessment of presumptive taxation eligibility under Sections 44AD (businesses) and 44ADA (specified professionals), and correct computation of business income, expenses, and depreciation claims.
NRI & Foreign Income Tax Advisory
ITR filing for non-resident individuals and returning residents, including determination of residential status under the Income Tax Act, taxation of Indian-sourced income (rent, dividends, capital gains), application of DTAA provisions to reduce double taxation, and advisory on repatriation of funds from Indian assets under FEMA.
Who Needs Income Tax Filing & Advisory Services
Income tax applies to individuals, businesses, and entities earning taxable income. Here is who typically engages us for income tax compliance and planning.
Salaried individuals
With multiple employers, house property income, or investment income alongside their salary requiring ITR-2 or ITR-3
Business owners & directors
With business income, director remuneration, dividends, and inter-company transactions to report accurately in the ITR
Self-employed professionals
Doctors, lawyers, architects, and consultants managing professional income, expense claims, and presumptive tax eligibility
Investors & HNIs
With equity, mutual fund, real estate, and unlisted share transactions requiring accurate capital gains computation and exemption planning
Companies & LLPs
Requiring corporate income tax filing, MAT/AMT computation, and TDS compliance as part of their annual statutory obligations
NRIs & returning residents
With Indian income, foreign assets to disclose, or residential status questions affecting their Indian tax filing obligations
How Our Income Tax Process Works — Step by Step
A four-step approach covering tax planning, compliance execution, and post-filing support as a continuous annual cycle.
Requirement Understanding
We review your income sources, residential status, existing TDS credits in Form 26AS, AIS entries, previous ITRs, and any pending notices — to establish the complete picture before any filing begins.
Analysis & Tax Planning
We determine the optimal tax regime, applicable deductions, likely advance tax exposure, and any structuring opportunities before the year closes, not after the compliance window has passed.
Execution & Filing
The ITR is prepared, verified against Form 26AS and AIS, and filed with all supporting schedules. TDS returns are submitted, challans reconciled, and all documentation maintained for potential scrutiny.
Review & Ongoing Support
Post-filing monitoring for 143(1) intimations, refund status, and notice triggers. Tax planning for the next year begins immediately after the current year's filing is complete.
Income Tax Advisory in Practice: Real Scenarios
How structured income tax planning and compliance support prevents costly mistakes.
Salaried employee with residential property sale
A salaried individual sold a residential property during the year. Their employer had already deducted TDS on salary, but the property capital gains created an additional tax liability. We computed the indexed long-term capital gain, assessed reinvestment exemption eligibility under Section 54, and filed ITR-2 with the correct capital gains schedule — avoiding a defective return notice under Section 139(9).
Company receiving TDS short-deduction notice
A private limited company received a notice for short deduction of TDS on contractor payments — the TDS rate applied was incorrect for the transaction type. We reviewed all payment records, identified the deduction shortfall, deposited the outstanding TDS with interest, and set up a structured TDS calendar to prevent future defaults.
NRI with rental income from Indian property
An NRI with a residential property in India was uncertain about their income tax obligations on Indian rental income. We determined their residential status under Section 6, applied the applicable DTAA provision to eliminate double taxation, computed the rental income after standard deduction, filed the ITR, and advised the tenant on TDS deductible under Section 195 of the Income Tax Act.
Freelancer choosing between old and new tax regime
A freelance consultant was uncertain whether the old or new income tax regime would produce a lower liability given their income level and existing insurance and PPF investments. We modelled both scenarios with their actual numbers, identified the optimal regime for the current year, and advised on how to structure investments for the following year to maintain the most favourable position.
Key Income Tax Concepts You Should Know
Clear definitions of the most important terms in income tax compliance and planning.
Definition
What is an ITR (Income Tax Return)?
An Income Tax Return (ITR) is a prescribed form filed annually with the Income Tax Department disclosing all sources of income, deductions claimed, taxes paid (including TDS), and net tax liability for the financial year. The applicable ITR form — ITR-1 through ITR-7 — depends on the taxpayer's category and income sources, not income amount alone.
Definition
What is TDS (Tax Deducted at Source)?
TDS is a mechanism under the Income Tax Act by which the payer deducts tax at a prescribed rate at the point of making a payment — on salary, rent, professional fees, contractor payments, or interest. The deducted tax is deposited with the government and reflected in the payee's Form 26AS, reducing their direct tax liability at the time of filing.
Definition
What is Form 26AS?
Form 26AS is the Annual Tax Credit Statement issued by the Income Tax Department. It shows all TDS deducted by payers on your behalf, advance tax and self-assessment tax payments made, and tax refunds received. It is the primary document against which an ITR must be reconciled before filing — discrepancies between the ITR and Form 26AS trigger automated notices.
Income Tax Filing & Advisory: Frequently Asked Questions
Direct answers to the most common income tax compliance and planning questions.
Which ITR form should I file?
The applicable ITR form is determined by your income sources and filing profile. Different forms apply to salary income, capital gains, foreign assets, business or professional income, and presumptive taxation cases. Filing the wrong form can result in a defective return notice and the need to revise the filing.
What is the difference between the old and new tax regime?
The old tax regime applies higher slab rates but allows deductions under Chapter VI-A (Section 80C, 80D, 80G, HRA, home loan interest, LTA, etc.). The new tax regime applies lower slab rates but disallows most deductions and exemptions. The optimal choice depends on your gross income, the quantum of deductions actually available to you, and your investment profile. Neither regime is universally better — a numerical comparison is essential.
What is advance tax and who needs to pay it?
Advance tax is income tax paid during the financial year in which income is earned rather than only at year-end. It applies where a taxpayer is required to discharge tax in instalments based on estimated income. Non-payment or underpayment can attract interest, so timely computation and periodic review are important.
I received a notice under Section 143(1). What should I do?
A Section 143(1) intimation is generated automatically after the income tax return is processed — it is not a scrutiny notice. It may show a tax demand (where the department has computed a higher liability than declared), a refund, or confirm the return as filed. If there is a demand, review it carefully against your ITR and Form 26AS to determine if it is correct or if an error in processing has occurred. Respond within the time specified in the intimation — unaddressed demands accrue interest and can escalate to recovery action.
Can I file a revised ITR after submission?
Yes. A revised income tax return can be filed within the time permitted by law, subject to whether the return has already progressed into assessment. The revised return fully replaces the original. Common reasons for revision include incorrect ITR form selection, missed income disclosure, wrong deduction claims, or bank account errors affecting refund credit.
Do I need to file an ITR if my income is below the taxable limit?
Filing an ITR is advisable even below the taxable threshold in several situations: if you have foreign assets or foreign income that must be disclosed in Schedule FA/FSI; if you want to carry forward capital losses to set off against future gains; if large cash deposits in your bank accounts could trigger inquiry; or if you need an ITR acknowledgement for a loan application, visa, or financial documentation. For companies and LLPs, filing is mandatory regardless of income.
Related Services
Income tax sits at the centre of your overall compliance picture — directly connected to GST, audit, and financial management obligations.
GST Registration & Compliance
GST-reported turnover must be consistent with income tax return disclosures — mismatches between GSTR filings and the ITR are a common trigger for notices from both departments.
Audit & Assurance
The tax audit report (Form 3CD) under Section 44AB feeds directly into the income tax return. We handle both the audit and the ITR filing to ensure they are fully consistent.
Business Advisory & Financial Consulting
Business structuring, investment decisions, and profit distribution all carry income tax implications — our advisory engagement accounts for tax consequences at every decision point.
Need Help with Income Tax Filing or Planning?
Whether you need to file your ITR, respond to a notice, plan your taxes before year-end, or manage a complex capital gains transaction — speak with a CA directly.