Income Tax Filing & Advisory Services

Income tax filing refers to submitting your annual income statement to government and paying taxes on it. Every person in India who earns above a certain amount of money must file an Income Tax Return (ITR) each year. This is a legal requirement in India.

We, Tax advisory services help you understand how to plan your finances better by giving advises on saving taxes legally and how much you have to pay every year. It is applicable to everyone whether you’re a salaried employee, business owner, freelancer, or even a Non-Resident Indian (NRI).

Effective tax planning ensures considerable savings on tax, avoiding risks and penalties and wealth creation.

Tax advisory services includes

Corporate tax is levied on both domestic as well as foreign companies which are not registered in India but have their operations and generate income in India. There are many Tax Incentives like setting up businesses in Tax-Free Zones, Export Oriented Units, and in SEZs (Special Economic Zones) are growing with several interpretations and documentation

It includes,

  • Income from the salary
  • Income from agriculture
  • Income from a house rented income
  • Income from the sale of stocks or mutual funds
  • Employee stock options (ESOP)
  • Income from the sale of a house or property

Income Tax laws that are applied to NRIs are entirely different from those applicable to resident Indians. The major issue in NRI is double taxation meaning paying tax on the same income twice in the country of residence of the assesse and India by obtaining relief from DTAA (Double Taxation Avoidance Agreement) between the two countries.

  • Sale of capital assets
  • Tax deductions in capital gains, remunerations
  • Transfer of assets by a partner to the partnership firm and vice versa
  • Trust Taxations Issues, setting up of a trust or an NGO requires knowledge of income tax provisions relating to charitable institutions/trusts and the exemptions of Tax laws.

FAQ

1. Tax advisory service near me

We provide expert guidance on tax- related matters.

Documents like income statements, balance sheets, tax returns, investment details, and relevant business records for tax consultants to assess your tax situation.

Yes, there are some unique considerations for NRIs related to their income sources, investments, residency status, and tax obligations in India

We identify eligible deductions and exemptions under the tax laws, such as those for investments, donations, medical expenses, etc., to lower your taxable income and reduce tax liability.

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