Professional calculation of total taxable income, deductions, and filing of Income Tax Returns (ITR) for individuals, partnership firms, and companies.
Any individual with income exceeding basic exemption limits, and all partnership firms, LLPs, and companies operating in India.
Collecting Form 16, bank interest statements, and capital gains logs.
Reconciling client data with the Annual Information Statement (AIS).
Calculating tax liability under old vs. new tax regimes to choose the optimal path.
E-filing the ITR on the Income Tax e-filing portal and verifying via e-verification.
The new regime offers lower tax slab rates but withdraws most exemptions and deductions (like 80C, 80D, and HRA). We analyze both to identify the lower tax liability.
AIS is a detailed statement issued by the Income Tax Department showing all financial transactions of a taxpayer, such as share trading, mutual funds, interest, and high-value transactions.
