FAQ

Frequently Asked Questions (FAQ)

1. About Tax Consulting Services

Q: What types of tax services do you offer?
A: We provide income tax filing,gst filling, tax planning, tax audit support and other tax-related advisory services for individuals, businesses, and corporate clients.

Q: What are the benefits of hiring a tax consultant?
A: A tax consultant helps you choose tax-saving strategies, avoid errors, and save time. They also keep you updated on legal changes and ensure compliance.

2. Tax Filing & Process

Q: Who needs to file an Income Tax Return (ITR) in India?
A: You must file an ITR if your annual income exceeds the basic exemption limit:
₹3 lakh (for senior citizens aged 60-80)
₹3.5 lakh (for super seniors aged 80+)
₹2.5 lakh (for others under 60)

Q: What is the financial year (FY) and assessment year (AY)?
A:
FY (Financial Year): April 1 – March 31 (e.g., FY 2023-24).
AY (Assessment Year): The year after FY when taxes are filed (e.g., AY 2024-25 for FY 2023-24).

3. Documents Required

Q: What documents are needed to file ITR?
A:
PAN Card
Aadhaar Card (linked with PAN)
Form 16 (for salaried individuals)
Bank statements (for interest income)
Investment proofs (Section 80C: PPF, LIC, ELSS, etc.)
Rent receipts (if claiming HRA)
Capital gains details (if applicable)

4. Deadlines & Penalties

Q: What is the last date to file ITR?
A:
July 31 (for most individuals/businesses without audit)
October 31 (for businesses requiring audit)
December 31 (revised/late return)s w)ith penalty

Q: What documents are required for tax filing?
A: Generally, you’ll need:
NID (National ID Card)
TIN Certificate
Proof of income (salary slips, business transactions, etc.)
Previous year’s tax return (if applicable)

5. Fees & Payments

Q: What are your service fees?
A: Fees depend on the type and complexity of the service. Please contact us for a customized quote based on your needs.

Q: What payment options do you accept?
A: We accept payments via UPI , bank transfer, and credit/debit cards.

6. Privacy & Security

Q: How secure is my data?
A: Client confidentiality is our top priority. All data is stored securely and used only for necessary purposes.

Q: Do you offer online consultations?
A: Yes! We provide online consultations via video calls, email, and phone.

7. Miscellaneous

Q: What happens if incorrect tax information is provided?
A: While our experts ensure up-to-date advice, we recommend consulting a registered tax professional for accuracy. We are not liable for unintentional errors.

Q: How can I avoid penalties?
A: File returns on time, submit accurate information, and seek professional assistance if needed.