DIRECT TAX

Tax Audit

Tax audit, mandated by Section 44AB of the Income-tax Act in India, is obligatory for businesses or professions with gross turnover exceeding Rs. 1 crore or Rs. 50 lakhs.

Services

Conducting of tax audit
Submission of tax audit report in Form 3CA/3CB and 3CD

Tax Consultancy

Tax consultancy and planning are crucial for navigating tax regulations efficiently. We offer tailored strategies to minimize tax liabilities and maximize benefits, ensuring compliance while optimizing tax outcomes.

Income Tax Return Filing

Preparation with precision, income tax returns for a wide array of assesses cater to diverse tax requirements.

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Goods and Services Tax

GST Compliance

Filing returns and forms within the specified time frame is essential for every registered individual. Failure to do so may incur interest and penalties under the provisions of the CGST Act, 2017. With our dedicated GST team, we ensure all compliances are handled promptly to meet deadlines.

Services

GST registration
Filing of monthly GST returns
Filing of final return and annual returns
Filing of letters of undertaking
Filing of all other Forms and declarations as required under GST law on GST common portal

GST Audit

Every registered person mandated to audit their accounts under sub-section (5) of section 35 must submit the annual return, along with audited annual accounts and a reconciliation statement certified by a chartered accountant in Form GSTR-9C. With our dedicated GST team, we address practical challenges, identify common errors, and propose resolutions before filing the annual return and reconciliation statement in Form GSTR-9C.

Services

Filing and preparation of annual return
Preparation of reconciliation statement between books of accounts and annual return in accordance with the GST Law
Auditing the books of accounts in accordance with the law
Certification of reconciliation statement in accordance with the law
Filing of reconciliation statement in Form-GSTR-9C on GST common portal.

Tax audit Tax audit is a compulsory audit under section 44AB of the Income-tax Act in India which is conducted where gross turnover exceeds Rs. 1 crore/ 25 lakh from business/profession. Services > Conducting of tax audit
> Filing of tax audit report in form 3CA/3CB and 3CD

Tax management/compliance Tax management/compliance is at the core of today’s business obligations that include filings and payment of taxes. Services > Filing of income tax returns > Filing of TDS/TCS returns > Compliances related to advance tax

Tax representation & litigation Scrutiny Assessment U/S 143(3) Scrutiny assessment refers to the examination of a return of income by giving an opportunity to the assessee to substantiate the income declared and the expenses, deductions, losses, exemptions, etc. claimed in the return with the help of evidence. Purpose

In the cases selected for scrutiny, the assessing officer conducts necessary enquiries during assessment proceedings to ensure that the assessee has not:

> Understated the income, or
> Computed excessive loss, or
> Underpaid tax in any manner.
> Rectification U/s Section 154
> Rectification of mistake apparent in intimation, assessment, revision and appellate orders.
> Appeals U/s 246A [i.e. CIT(A)] and 253 [i.e. ITAT]
> An appeal is applying to a higher authority for a reversal of the decision of an assessing officer/lower authority.
> Revision U/s 263 & 264
> Revision U/s 263 is the reversal of erroneous and prejudicial order of subordinates by CIT/Pr. CIT. Revision U/s 264 is an alternative option available to the assessee. Instead of going to appeal, he can approach CIT/ Pr. CIT.
Services

> Representation before the tax department with respect to assessments, investigation, survey, search and other civil cases
> Representation before CIT(A) and ITAT
> Representation before the Authority for Advance Ruling with respect to residents
> Filing of replies to summons and other notices
> Filing of compounding applications to CCIT