Income Tax Services in India –
ITR Filing, Tax Planning & Notice Advisory
Income tax compliance in India is not a once-a-year activity — it is a year-round responsibility that touches every earning individual and every business. From advance tax and TDS to ITR filing and notice representation, we cover it all.
Overview
What Are Income Tax Services and Why Do You Need a CA?
Under the Income Tax Act, 1961, every individual, HUF, firm, company, or other entity with income above the basic exemption limit is required to file an income tax return (ITR) each year. The basic exemption limit is Rs. 3 lakhs under the new tax regime and Rs. 2.5 lakhs under the old regime. Even those below the threshold may be required to file in certain situations — such as having foreign assets, high-value transactions, or TDS deducted from income.
N D Savla & Associates is a trusted income tax consultant in India with deep expertise across all aspects of direct taxation — from straightforward income tax e-filing for salaried individuals to complex NRI tax filing, transfer pricing, and income tax notice representation. We serve individuals, salaried professionals, freelancers, HUFs, startups, businesses, and corporations — delivering accurate, timely, and strategically sound income tax services across India.
Our Services
Our Income Tax Services
We provide end-to-end income tax filing and advisory services tailored to every taxpayer profile. Here is what our practice covers:
ITR Filing for Individuals, Professionals and Businesses
Filing the correct ITR form with accurate income data is the foundation of income tax compliance. We handle all ITR forms — ITR-1 for salaried individuals with income up to Rs. 50 lakhs, ITR-2 for those with capital gains or foreign assets, ITR-3 for business or professional income, ITR-4 for presumptive taxation under Section 44AD or 44ADA, and ITR-5, ITR-6, and ITR-7 for firms, companies, and trusts respectively. Before every filing, we reconcile your income with AIS and Form 26AS, apply all eligible deductions under Sections 80C, 80D, 24(b), and others, and confirm the optimal tax regime for your situation.
Tax Planning and New vs Old Regime Advisory
Since the introduction of the new income tax regime, every taxpayer with deductions — home loan interest, HRA, 80C investments, health insurance — faces an annual decision. The right choice depends on your specific income level, deduction profile, and financial goals. We run a detailed side-by-side computation for every client and recommend the regime that minimises your tax liability for that year.
Beyond regime selection, our tax planning services include advance tax scheduling (to avoid interest under Sections 234B and 234C), capital gains planning around property and equity transactions, and optimising salary structures for employed professionals to maximise take-home pay legally.
TDS Returns, Compliance and Form 16
Employers, businesses paying professional fees, landlords receiving high rents, and buyers of high-value property all have TDS obligations. Missing a TDS deduction disallows the expense in your income tax assessment; late deposit of TDS attracts interest and penalty. We handle TDS return filing for all categories — salary TDS (Form 24Q), non-salary TDS (Form 26Q), TDS on rent, and TDS on purchase of property. We also issue Form 16 to employees, manage lower TDS certificates where applicable, and handle 15CA-15CB filings for foreign remittances.
Capital Gains Tax Advisory
Capital gains from property sales, equity shares, mutual funds, or business asset transfers carry specific tax rates and exemption provisions that require careful planning. Long-term capital gains on equity above Rs. 1.25 lakhs are taxed at 12.5%, while property gains (held over 2 years) are taxed at 12.5% without indexation. Reinvestment exemptions under Sections 54 and 54EC can significantly reduce the tax liability on property sales. Our team computes capital gains accurately, advises on timing and exemption options, and ensures correct reporting in the ITR — eliminating the risk of underreporting notices.
NRI Taxation and DTAA Advisory
Non-Resident Indians with income from Indian property, investments, or business operations have specific filing obligations that differ from resident taxpayers. The tax treatment depends on residential status, type of income, and applicable DTAA provisions between India and the country of residence. Our NRI tax filing services cover ITR filing for NRIs, capital gains advisory for property or share transactions, DTAA benefit claims, Tax Residency Certificate (TRC) applications, repatriation of assets, and 15CA-15CB filings for outward remittances.
Income Tax Notice Handling and Assessment Support
Receiving an income tax notice is one of the most stressful financial events for an individual or business. The Income Tax Department issues notices for a wide range of reasons — AIS mismatches, undisclosed income, high-value transactions, scrutiny selection, or pending demands from earlier years. Every notice has a specific response deadline and requirement. Our team handles the full range of notices with factual, well-documented responses that give you the strongest possible position at every stage.
Income Tax Audit and Business Tax Filing
Businesses and professionals with turnover above the prescribed limits under Section 44AB are required to get their accounts audited by a CA and file a tax audit report (Form 3CA/3CB + 3CD) by the due date. Our team handles income tax audit assignments with the rigour and independence that the role demands — ensuring the audit report and the ITR are consistent, complete, and filed on time. For businesses that also require a GST audit or inventory stock audit, we coordinate across both requirements to eliminate duplication and maintain consistency across all regulatory filings.
HUF Formation, Cryptocurrency Tax and Specialised Services
Our income tax practice also covers specialised areas that require specific expertise. We assist families with HUF formation — a powerful tax planning tool that allows families to hold property and earn income through a separate taxable entity, claiming an independent basic exemption. We handle cryptocurrency income tax — VDA gains are taxed at 30% flat with no deduction for expenses (other than cost of acquisition), and TDS at 1% applies on transactions above specified limits.
We also manage expatriate taxation for foreign nationals working in India, and transfer pricing documentation for businesses with international related-party transactions. For businesses structured as LLPs, Section 8 companies, or entities with MCA compliance requirements, we ensure income tax filings are aligned with corporate law obligations.
Frequently Asked Questions
Income Tax – FAQs
File Right. Plan Smart. Stay Compliant — Every Year.
Whether you are a salaried employee, a freelancer, an NRI, or a growing business — N D Savla & Associates delivers accurate, strategic income tax services across India. Reach out today.
Need an income tax consultant you can rely on?
From ITR filing and tax planning to notice handling and audit — we cover every aspect of your direct tax compliance.
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