Returns, TDS, tax audit, assessments and appeals for individuals, HUFs, firms, LLPs, companies and trusts.
The Income-tax Act, 2025 applies from 1 April 2026. It uses a single “tax year” in place of the previous year and assessment year. The Income-tax Act, 1961 continues to apply to years before that date.
Services
- PAN and TAN applications
- Returns of income for individuals, HUFs, firms, LLPs, companies and trusts
- Tax audit under Section 63 of the 2025 Act (earlier Section 44AB), with the report in Form 26
- TDS and TCS returns and certificates
- Statement of Financial Transactions (SFT)
- Advance tax and capital gains computation
- Replies to notices, scrutiny assessments and rectification
- Appeals before the Joint Commissioner (Appeals), Commissioner (Appeals) and the Income Tax Appellate Tribunal
- Applications for lower or nil deduction of tax
- Tax Residency Certificate
- Advice on income tax for residents and non-residents
Questions
What is taxable income?
It is the total income of a person for the tax year, after the deductions the Act allows, on which income tax is computed.
Under which heads is income taxed?
Salaries; income from house property; profits and gains of business or profession; capital gains; and income from other sources.
Who is a “person” for income tax?
An individual, a Hindu undivided family, a company, a firm (including an LLP), an association of persons or body of individuals, a local authority, and every other artificial juridical person.
What is a tax year?
The 12 months beginning on 1 April. Tax year 2026-27 runs from 1 April 2026 to 31 March 2027.
Who must get a tax audit done?
A business whose turnover exceeds Rs 1 crore, or Rs 10 crore where at least 95% of receipts and payments are through banking or online modes. A profession whose gross receipts exceed Rs 50 lakh. An audit can also apply where income lower than the presumptive rate is declared.