How Income tax consultancy works and what service they offers?

Direct Tax team at Many income tax consultancy offers the following services for entrepreneurs:

1. Tax opinions/ advice on specific matters/ transactions such as sale of assets, mergers, etc. After reading the relevant section, rules and circulars, we offer highly personalized and considered Tax opinions. notifications, court judgments etc.

2. Calculation of income and taxes using all sources of income, taking into account the applicable rules and optimizing taxes and interest wherever possible. Tax payers have the option of choosing between the old income tax regime (lower slabs with many exemptions or deductions) and the new one (higher income tax brackets with greatly reduced exemptions or deductions). The tax payer must consider the tax impact and other conditions when choosing the regime.

4. Preparation of Income Tax Returns, including selecting the appropriate returns and filling out all schedules. For more information, please click here. You should file your returns promptly to avoid interest and allow you to carry forward losses.

5. Revisit income tax returns within the allowed time limit to avoid penalties later and to take advantage of any income tax laws that were not used earlier.

6. Conciliation of income taxes with books and other laws, including Goods and Service Tax Portal. This is required to avoid the automatic selection of tax notices in these laws in cases of mismatch.

7. Response to notices regarding defective returns. This is required to avoid unintentional income taxes consequences and other appeals in this regard.

8. Rectification returns filed - either directly by the tax-payer or in response to an order or notice. This is required to avoid unintentional income taxes consequences and other appeals.

For various reasons, waiting for income tax refunds

Income tax issues pertaining to International Taxation such as taxability of a transaction, certification of remittance and reading of domestic tax laws with a specific double taxation avoidance arrangement (DTAA), etc.

Handling income tax appeals. This includes responding to notices, filing appeals or cross appeals, as well as filing rejoinders. More information can be found here

Many company Services guarantees businessmen and entrepreneurs the best in direct tax services.


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