Income Tax Services
ITR filing, TDS compliance, tax audit and advisory for individuals, companies, LLPs and firms.
Everything a growing business needs.
- Income tax return filing (ITR-5 for LLP, ITR-6 for companies)
- Tax audit report (Form 3CA-3CD) where applicable
- TDS return filing (24Q, 26Q, 27Q) quarterly
- Advance tax computation and payment planning
- Response to income tax notices (Section 143(1), 143(2), 148)
- Transfer pricing compliance (Form 3CEB) for international transactions
- Tax planning for founders, directors, and key management personnel
The statutory frame we work in.
Questions we hear often.
What is the difference between a tax audit under Section 44AB and a statutory audit?
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A statutory audit (under the Companies Act) is conducted by a chartered accountant and results in an auditor's report on financial statements. A tax audit under Section 44AB is specific to the Income Tax Act and results in Form 3CA/3CD certifying the correctness of taxable income computation.
What is the TDS rate for professional services?
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Under Section 194J, TDS on professional fees is 10% if the payee has PAN. For technical services (as distinguished from professional services), the rate is 2%. The threshold for TDS deduction is ₹30,000 per payee per year.
Can a company claim a deduction for salary paid to a director who is also a shareholder?
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Yes. Remuneration to a working director is deductible as a business expense under Section 37, provided it is reasonable relative to services rendered and market rates, and does not exceed the limits set out in Part II of Schedule V of the Companies Act.
A first consultation is on us.
Tell us a little about your business. We'll come back within one business day with a fixed-fee quote and a short engagement scope.