Frequently asked questions

Clear answers to common questions clients ask about taxation, compliance, and advisory services in India.

What services do you offer as a Chartered Accountant?

We provide end-to-end services including income tax return filing for individuals and businesses, GST registration and returns, tax planning, accounting and bookkeeping, statutory and tax audits, incorporation and ROC/MCA compliance, TDS compliance, payroll, financial statements, and advisory for startups, MSMEs, and NRIs.

Who should file an Income Tax Return (ITR) in India?

Individuals and entities with taxable income, those who need to carry forward losses, claim refunds, or have foreign assets/foreign income should file ITR. Even if your income is below the basic exemption limit, filing can be beneficial to document income for loans/visas and to claim TDS refunds.

What documents are required to file an ITR?
  • Individuals: PAN, Aadhaar, Form 16, Form 26AS/AIS-TIS, bank statements, investment proofs (ELSS, PPF, LIC), housing loan interest certificates, rent receipts, capital gains statements, and details of foreign assets if any.
  • Businesses: PAN, GST details, financial statements, trial balance, bank statements, purchase/sales ledgers, fixed asset register, TDS details, and previous year returns.
What is the GST registration threshold and who needs to register?

GST registration is mandatory if aggregate turnover exceeds ₹40 lakh for goods and ₹20 lakh for services (lower thresholds apply in some special category states). Registration is also required for inter-state supplies, e-commerce sellers, reverse charge liabilities, or if you wish to claim input tax credits.

How do you handle GST returns and compliance?

We manage monthly/quarterly GSTR-1 and GSTR-3B filings, reconciliation of GSTR-2B, input tax credit optimization, annual GST returns, and assistance with audits and notices. We also set up systematic processes to maintain compliant invoices, e-invoicing, and e-way bills when applicable.

Can you help with company incorporation and ROC/MCA filings?

Yes. We advise on the right entity type (Private Limited, LLP, Partnership, Sole Proprietorship), manage name approval, DIN, DSC, drafting MOA/AOA/LLP agreements, incorporation filing, and post-incorporation compliances like board meetings, annual returns, and statutory registers.

Do you offer tax planning and optimization?

We create tailored tax strategies across regimes (old vs. new), deductions and exemptions, capital gains planning, presumptive taxation for eligible businesses/professionals, HUF creation, and investment-linked planning to reduce tax liabilities while aligning with your financial goals.

What is presumptive taxation and who can opt for it?

Under Sections 44AD/44ADA/44AE, eligible small businesses, professionals, and transporters can declare income on a presumptive basis, simplifying compliance and reducing bookkeeping requirements. We evaluate eligibility and advise whether presumptive taxation suits your profile and cash flows.

Do you assist with tax notices and assessments?

Yes. We represent clients in responding to notices (such as under Sections 139(9), 143(1)/(2), 148, GST scrutiny), prepare submissions, handle assessments, rectifications, and appeals, and help prevent future issues through compliance reviews.

Can you help NRIs with taxation in India?

We advise on residential status, income tax on Indian sources (rent, capital gains, dividends), DTAA relief, TDS on property sales, repatriation, and filing ITRs. We also coordinate with overseas accountants for aligned cross-border tax outcomes.

What is TDS and when should it be deducted?

TDS is tax deducted at source on specified payments (salary, contractor fees, professional fees, rent, interest, etc.) beyond thresholds. We handle TAN registration, monthly deposits, quarterly returns (Form 24Q/26Q), certificates (Form 16/16A), and compliance to avoid penalties.

Do you provide bookkeeping and virtual CFO services?

Yes. We set up accounting systems, monthly bookkeeping, MIS, budgeting, cash flow management, internal controls, and CFO advisory to support decision-making and investor readiness.

How do you price your services?

Pricing depends on the scope, complexity, volume, and compliance requirements. We offer transparent estimates after a discovery call and provide fixed-fee or retainer models for ongoing engagements.

What is your onboarding process?

We begin with a consultation to understand your needs, review documents, propose a scope and fee, sign an engagement letter, and set up secure document-sharing and timelines. Ongoing communication is maintained via email, calls, and scheduled reviews.

How long does it take to file an ITR or GST return?

Turnaround varies based on data completeness and complexities like capital gains or reconciliations. For standard cases, ITR filing can be completed within 2–5 working days after receiving all documents; GST filings typically align with monthly/quarterly cycles.

Do you ensure confidentiality and data security?

Yes. Client data is handled with strict confidentiality. We use secure channels for document exchange and limit access to authorized personnel only, complying with professional standards and ethical guidelines.

Can you help with PAN–Aadhaar linking and tax refunds?

We guide PAN–Aadhaar linking, correct discrepancies, and support refund claims through accurate filings and follow-ups. We also track refund status and assist with rectifications if needed.

Do you assist startups and MSMEs?

Absolutely. From incorporation and registrations (GST, PF/ESI, Professional Tax), to accounting setup, compliance calendars, fundraising support, ESOP structuring, and financial modeling, we help build robust foundations for growth.

How can I get started?

Book a consultation using the contact form or call us. Share basic details and documents, and we’ll provide a tailored plan and timeline for your requirements.


Need tailored advice?

Every tax situation is unique. Reach out for a consultation so we can guide you with clarity and confidence.

Contact us