Minimise liability, maximise compliance
Income & Corporate Tax
From ITR filing and advance tax planning to corporate tax structuring and handling notices, our tax team covers the full spectrum of income and corporate tax services — helping you pay the right amount of tax, not a rupee more.
What We Cover
- Individual and HUF ITR filing
- Corporate tax return filing
- Advance tax computation & payment
- Tax notices and assessment handling
- Tax appeals (CIT(A), ITAT)
- Tax planning and structuring
Our Income Tax Services Include
ITR Filing — Individuals & HUFs
Income tax return filing for salaried individuals, consultants, HUFs, and partners with accurate computation and maximum deductions.
Corporate Tax Return
Annual return filing for companies under the new and old tax regime, including MAT and AMT computations.
Advance Tax & TDS Compliance
Quarterly advance tax computation, TDS return filing (24Q, 26Q, 27Q), and Form 16/16A issuance.
Platform Expertise: TRACES Portal | TIN-NSDL | Income Tax Portal
Tax Planning & Structuring
Year-round proactive tax planning using available deductions, exemptions, and regime selection for optimal tax outflow.
Scrutiny & Assessment Handling
Handling faceless assessments, scrutiny notices, and 148 notices with complete documentation and representation.
Tax Appeals
Filing and arguing appeals before CIT(Appeals), ITAT, and High Court with strong grounds and precedent support.
Key Service Features
ITR Filing
Accurate income tax return filing for individuals, HUFs, firms, and companies.
Tax Planning
Year-round tax planning to minimise liability within legal frameworks.
TDS Compliance
TDS return filing (24Q, 26Q, 27Q) and Form 16/16A issuance.
Tax Litigation
Representation before Assessing Officer, CIT(A), ITAT, and High Court.
Who We Serve
Our Clients
- Salaried individuals and professionals
- Business owners and entrepreneurs
- Private limited and public companies
- HUFs with complex income streams
- Taxpayers receiving income tax notices
- Startups and early-stage companies
Frequently Asked Questions
What is the difference between the old and new income tax regime?
The new regime under Section 115BAC offers lower slab rates but removes most deductions and exemptions including HRA, Section 80C, and home loan interest. The old regime has higher rates but allows all standard deductions. From FY 2023-24 the new regime is the default for individuals but you can opt for the old regime when filing. We model both scenarios to determine which is more beneficial for you.
When and how must advance tax be paid?
Advance tax must be paid if your estimated tax liability exceeds Rs.10,000. It is paid in four instalments: 15% by 15 June, 45% by 15 September, 75% by 15 December, and 100% by 15 March. Senior citizens without business income are exempt. Under-payment attracts interest under Sections 234B and 234C.
What is presumptive taxation and who can opt for it?
Presumptive taxation simplifies compliance by presuming income as a fixed percentage of turnover. Under Section 44AD 8% of turnover (6% for digital receipts) is presumed as profit for businesses with turnover below Rs.2 crore. Section 44ADA applies to specified professionals with receipts below Rs.50 lakh, presuming 50% as income. Under these schemes no books of account or tax audit are required.
How are capital gains taxed in India?
Short-term capital gains on listed equity held for under one year are taxed at 15% under Section 111A. Long-term capital gains on listed equity above Rs.1 lakh are taxed at 10% without indexation under Section 112A. For other assets short-term gains are taxed at slab rates and long-term gains at 20% with indexation. Following Budget 2024 LTCG on most assets is taxed at 12.5% without indexation from 23 July 2024.
What deductions can I claim under Section 80C?
Section 80C allows a deduction of up to Rs.1.5 lakh for investments in ELSS mutual funds, PPF, NSC, 5-year fixed deposits, life insurance premiums, principal repayment on home loans, and children's tuition fees. Additional deductions are available under Section 80CCD(1B) for NPS contributions up to Rs.50,000 and Section 80D for health insurance premiums. These are only available under the old regime.
What is the corporate tax rate in India?
Domestic companies can opt for the concessional rate of 22% (effective approximately 25.17% including surcharge and cess) under Section 115BAA. New manufacturing companies set up after 1 October 2019 can opt for 15% (effective approximately 17.01%) under Section 115BAB. The standard rate is 30% for companies with turnover above Rs.400 crore and foreign companies are taxed at 40% on India-sourced income.
How does the buyback tax work after Budget 2024?
Prior to Budget 2024 companies paid a 20% buyback tax and shareholders received proceeds tax-free. From 1 October 2024 companies no longer pay buyback tax. Instead shareholders are taxed on buyback proceeds as deemed dividend at their applicable slab rates with TDS at 10%. This significantly impacts investors in higher tax brackets who previously benefited from the 20% buyback tax structure.