Income Tax

(i).Tax Return Filing

Every person has to furnish a return of his total income, if the total income exceeds, the maximum amount which is not chargeable to income-tax. Further, it is obligatory for a Company or firm to file a return of income in every case.

Advantages of Income Tax Filing Online

  • Avoid penalties by filing the ITR Returns and file on time to avoid the late fees.
  • Online verification of ITR through electronic mode, at the convenience of your office or home.
  • Easy Loan approval is only possible if you file the ITR Returns.
  • Required for Visa Processing, ITR Returns copies are required while visa processing.
  • Claim Tax refund, if due by filing the ITR Returns on time.
  • Carry Forward of Losses.
  • ITR can be used as Address proof & Income proof.

We are in practice of Income Tax Laws for over past 30 years. We offer personal consulting, ITR Filing, Computation Sheet and Tax Planning Services.

Our Services Are Complete Online Process Flow

  • Send us Form 16 , Other income, TDS details etc. over mail / what’s up
  • We Prepare Tax Computation sheet with tax saving options
  • Review of calculations with Client
  • Final review by CA & Filing of E return

In case you need these services, we would be glad to assist you. Please write to [email protected]

(ii). TDS Return Filing

Tax Deducted at Source, as the name suggests, is the tax deducted at the time the income is received by or credited to the “person” so that collection of tax is preponed and there is regular flow of taxes to the government. TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government. TDS is deducted on various types of income such as salary, interest on bank deposits and bonds, winnings from lotteries and horse races, payment to contractors and sub-contractors, insurance commission, commission or brokerage, rent, fees for professional and technical services etc. TDS has to be deposited to the credit of the Central Government and TDS Returns should be filed within due dates prescribed by the Income Tax Act, 1961. TDS Certificates have to be issued by the deductor giving details of tax deducted. TDS returns are due quarterly.

We offer service to clients who are looking for faster and affordable services for TDS compliances and advisory. We shall take care of your TDS compliance of tax calculation, tax payments, filing of TDS return and give you update on TDS changes. We shall ensure that all legal and administrative and tax planning aspect of TDS compliances are taken care. File TDS return on or before due date to avoid penalty and noncompliance.

In case you need these services, we would be glad to assist you. Please write to [email protected]

(iii). Scrutiny Assessments/ Appeals

We provide representation services to clients at all levels of tax hierarchy. We at S.V. Bhat & Co., have experience for more than 30 years in respect of resolving assessment notices, attending scrutiny assessments, drafting appeals and appearing before the CIT.

In case you need our services, please write to [email protected]