CA India K T S S & Company LLP

Income Tax

Return preparation and filing for individuals and businesses, TDS compliance, and representation on income tax notices.

Income tax compliance is now largely data-driven: the department already holds your Form 26AS, AIS and TIS, and a return that does not reconcile with them invites scrutiny. We prepare and file returns across all ITR forms, compute advance tax, handle TDS obligations and respond to departmental notices with the supporting documentation each one calls for.

Income Tax Services

Personal Tax Filing Preparation and filing of returns for salaried individuals and professionals, reconciled against Form 26AS and the Annual Information Statement. Business Tax Filing Return preparation for proprietorships, firms, LLPs and companies, including computation of business income and depreciation. Tax Notice Response Review of notices and intimations issued under the Income Tax Act, and preparation of a documented reply within the statutory time limit. TDS Filing Quarterly TDS and TCS returns, challan reconciliation, correction statements and issue of Form 16 and Form 16A. ITR-1 to ITR-7 Selection of the correct return form for the assessee and nature of income, and filing across the full range from ITR-1 to ITR-7.

Frequently Asked Questions

The form follows the nature of your income and your status as an assessee, not your profession. ITR-1 covers salaried individuals within a specified income limit; business and professional income moves you to ITR-3 or ITR-4; firms, LLPs, companies and trusts file ITR-5, ITR-6 and ITR-7 respectively. Filing on the wrong form can render the return defective, so it is worth confirming before submission.

A belated return can still be filed within the time limit the Act allows, but late filing attracts a fee under Section 234F and interest under Section 234A, and certain losses can no longer be carried forward. Filing late is materially better than not filing.

Note the section under which it was issued and the response deadline, both of which appear on the notice, then reply within that window with the documents the notice asks for. Most notices are reconciliation queries rather than allegations. Ignoring one is what turns it into an assessment made without your input.

No. TDS is tax collected in advance on your behalf by the person paying you, and it is credited against your final liability. If total TDS exceeds the tax you actually owe, the excess is refunded once your return is processed.

Ready to get started with Income Tax?