Income tax filing and planning
Income tax return filing, advance tax, planning within the law, and handling of departmental notices.
Income tax work falls into three parts: filing what is due accurately and on time, paying tax through the year so that interest does not accumulate, and arranging affairs within the law so that reliefs actually available are claimed.
We do that work for salaried individuals, professionals, proprietors, firms and companies, in Shikohabad and Firozabad and for clients elsewhere in India who work with us online.
Filing accurately
Most return errors come from income the taxpayer did not think to mention — interest on a savings account, a capital gain on a mutual fund redemption, rent from a second property. The department already sees much of this through the Annual Information Statement, so an omission is usually noticed.
We reconcile what you tell us against your Form 26AS and Annual Information Statement before filing, which is the single most effective way to avoid a later query.
Planning, not avoidance
Planning means claiming the deductions and exemptions the law provides, choosing between the old and new regimes on the numbers, and timing income or investment where there is a legitimate choice about when it falls.
It does not mean concealment or artificial arrangements. We will tell you plainly where a proposal falls outside what we can support.
What this covers
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Return preparation and filing
The correct ITR form for your sources of income, filed within the due date.
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Reconciliation before filing
Your figures matched against Form 26AS and the Annual Information Statement.
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Regime comparison
Old and new regime computed on your numbers so the choice is made on evidence.
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Advance tax
Instalments estimated and tracked so interest does not build up.
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Notice handling
Replies to intimations and notices, with the supporting records compiled.
How the process works
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Collect your details
Income sources, investments and the documents supporting them.
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Reconcile
Your figures checked against 26AS and the Annual Information Statement.
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Compute and compare
Tax computed, with the regime comparison where it applies.
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Review with you
The computation explained before anything is filed.
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File and acknowledge
Return filed, verified, and the acknowledgement shared.
Documents required
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PAN and Aadhaar
And the linkage between them.
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Form 16
From every employer during the year, for salaried taxpayers.
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Bank statements
For interest income and to verify major transactions.
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Investment proofs
Deductions claimed under Chapter VI-A.
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Capital gains statements
From brokers or mutual fund houses.
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Business accounts
Where income from business or profession is reported.
The list above is indicative. Additional documents may be required depending on your case and the current departmental requirements.
Related services
Income Tax Return (ITR) Filing
Return preparation and filing for individuals, firms and companies, reconciled before submission.
Income Tax Planning
Arranging affairs within the law so that the reliefs actually available are claimed.
Income Tax Notice Handling
Replies to intimations and notices, with the supporting records compiled and filed.
Advance Tax Advisory
Estimating and tracking advance tax instalments through the year.
Frequently asked questions
Which documents do I need to file my income tax return?
Typically your PAN and Aadhaar, Form 16 from each employer, bank statements covering interest income, proofs for the deductions you intend to claim, and capital gains statements from your broker or mutual fund house where applicable.
Where you have business or professional income, the accounts for the year are also needed. We send a checklist matched to your situation rather than a generic list.
Should I choose the old tax regime or the new one?
It depends entirely on your own figures — specifically on how much you actually claim in deductions. The regimes tax the same income at different rates and allow different reliefs, and the answer can change from year to year as your circumstances change.
We compute both on your numbers and show you the difference, so the choice is made on evidence rather than on a general rule of thumb.
What happens if I miss the income tax return due date?
A belated return can generally still be filed within the period allowed, with a late fee. More significantly, filing late restricts the ability to carry forward certain losses to future years.
Where the belated window has also closed, an updated return may be available for a limited period on payment of additional tax. Tell us the assessment year and we will confirm which route is open to you.
Do I need to pay advance tax?
If your estimated tax liability for the year, after credit for tax deducted at source, crosses the prescribed threshold, advance tax is payable in instalments on specified dates.
Missing an instalment does not attract a penalty, but interest runs from the instalment date and accumulates quietly until you file. Senior citizens without business income are not required to pay advance tax.
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Return due, or a notice received?
Tell us your situation and we will set out what is needed and by when.