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FAQs

You’ll need your PAN, Aadhaar, business registration documents (if applicable), proof of address, bank details, and information about your business activities. We’ll guide you through what’s needed for your specific situation.

GST returns are typically filed monthly or quarterly, depending on your business turnover and type. We’ll help you understand the filing frequency applicable to your business and ensure you never miss a deadline.

Don’t panic. GST notices are common and usually manageable. Contact us immediately, and we’ll analyze the notice, gather required documentation, and prepare a professional response to resolve the matter efficiently.

The income tax filing deadline is usually July 31st for the previous financial year. We ensure your return is prepared accurately and filed well before the deadline, helping you avoid penalties.

Yes, we help businesses understand and meet all compliance audit requirements, including GST audits, tax audits, and internal compliance checks. We ensure your documentation is complete and organized.

We prioritize urgent matters and typically respond within 24 hours. For critical issues, we’re available for immediate consultation. Contact us directly to discuss your urgent tax and compliance needs.

For most businesses, GST registration is mandatory if your annual turnover exceeds ₹40 lakhs (₹20 lakhs for NE states and hill states). Some businesses with lower turnover may voluntarily register to claim input tax credit. We’ll help you determine if GST registration is required for your business.

Any individual with income above the basic exemption limit (₹2.5 lakhs for individuals below 60 years, ₹3 lakhs for seniors, ₹5 lakhs for super seniors) must file an income tax return. Additionally, those with income below the limit can voluntarily file to claim refunds or maintain credit history. We guide clients of all income levels through the filing process.

GST is an indirect tax on the supply of goods and services, while income tax is a direct tax on income. GST is collected at each stage of the supply chain, whereas income tax is paid on annual income. Businesses pay GST periodically (monthly/quarterly), while individuals typically file income tax once a year. We help you understand and manage both effectively.

Common deductions include contributions to retirement accounts (LIC, EPF), education expenses, home loan interest, medical expenses, and professional development costs. Under Section 80C, you can claim deductions up to ₹1.5 lakhs annually. We review your financial situation to identify all eligible deductions and maximize your tax savings.

GST is calculated as a percentage of the selling price and varies by product/service category (5%, 12%, 18%, or 28%). You collect GST from customers and remit it to the government, but can claim credit for GST paid on your purchases. This input tax credit mechanism ensures tax is paid only on the value addition. Our team handles these calculations accurately.

 

Filing after the July 31st deadline can result in penalties, restricted access to certain provisions, and disqualification from filing revised returns. However, filing late is still better than not filing at all. We recommend filing on time, but if you’ve missed the deadline, we’ll help you file promptly to minimize the impact and ensure compliance with tax authorities.