What documents are required for income tax filing in India?
To file your income tax return (ITR), you typically need: PAN, Aadhaar, Form 16 (for salaried individuals), bank statements, interest certificates, capital gains statements, and details of deductions under sections like 80C, 80D, etc. Business owners and professionals may also need profit and loss accounts, balance sheets, and tax audit reports where applicable.
Can you represent me in case of a tax notice or scrutiny?
Yes. We provide comprehensive litigation support, including representation before Assessing Officers, the CIT(Appeals), and the ITAT. Our team helps draft responses, organise supporting documentation, and manage hearing schedules to protect your interests and resolve disputes effectively.
How can I reduce my tax liability legally?
Our tax planning service identifies deductions, exemptions, and investment avenues (like ELSS, PPF, 80C, 80D, HRA, etc.) that apply to your profile. For businesses and HNIs, we also structure income, expenses, and asset holdings in a way that is tax-efficient and compliant with current laws.
Do you handle TDS returns and compliance for businesses?
Absolutely. We manage TDS registration, quarterly return filing, compliance tracking, and handling of notices. We also offer guidance on rates, thresholds, and applicability to avoid penalties or late fees.
Do NRIs have to file income tax returns in India?
Yes, NRIs must file an income tax return in India if their total income from Indian sources exceeds ₹2.5 lakhs in a financial year. This includes income from rent, investments, capital gains, or any business operations in India. Even if tax has been deducted at source (TDS), filing a return may help in claiming refunds or declaring exemptions under DTAA (Double Taxation Avoidance Agreement).
What is FEMA, and why is it important for NRIs?
FEMA (Foreign Exchange Management Act) regulates all foreign exchange transactions in India. NRIs engaging in real estate, business investments, or fund repatriation must comply with FEMA provisions. This includes RBI reporting, obtaining necessary approvals, and structuring transactions through NRE/NRO accounts appropriately.
Can I repatriate funds from India to my country of residence?
Yes, repatriation is permitted under FEMA guidelines, subject to specific limits and documentation. We help you repatriate income like rent, dividends, sale proceeds of property, or inherited assets—while ensuring tax compliance, RBI approval (if required), and banking documentation are all in place.
What is the difference between NRE and NRO accounts for investments?
NRE (Non-Resident External) accounts are used to park foreign earnings in India, fully repatriable and tax-free in most cases. NRO (Non-Resident Ordinary) accounts handle income earned in India (like rent, dividends, pensions), and are subject to taxation. We advise clients on optimal account structuring based on their income sources and repatriation plans.
Who needs to conduct a statutory audit in India?
A statutory audit is mandatory for all companies registered under the Companies Act, 2013, and for businesses or professionals with turnover exceeding prescribed thresholds under the Income Tax Act. This includes private limited companies, LLPs, and firms meeting audit applicability criteria. We help assess your audit obligations and execute them seamlessly.
What’s the difference between internal and statutory audits?
A statutory audit is legally required to ensure compliance with regulatory frameworks, focusing on financial accuracy. An internal audit is a voluntary, proactive measure conducted to improve internal processes, risk management, and operational efficiency. We offer both to ensure governance and long-term stability.
How do you conduct a forensic audit?
Forensic audits involve a detailed examination of financial records to detect fraud, embezzlement, or financial irregularities. We use data analysis, interviews, documentation tracing, and red-flag checks to investigate discrepancies. These are often used in litigation, disputes, or regulatory inquiries.
Can you help with due diligence before investments or mergers?
Absolutely. Our due diligence services help investors, acquirers, and startups assess a target company’s financial health, legal standing, tax exposure, and operational risks. Whether you’re investing, merging, or acquiring—we provide a detailed, risk-rated assessment report to support decision-making.
What type of company should I register—Private Limited, LLP, or OPC?
It depends on your business model, funding needs, and tax strategy. A Private Limited Company is ideal for scalable ventures and investor funding. LLPs are suitable for service-based or partnership-driven businesses, offering liability protection with fewer compliance obligations. OPCs are best for solo entrepreneurs who want corporate structure without partners. We guide you in choosing the right structure for your goals.
What are ROC filings, and are they mandatory?
Yes, every company registered under the Companies Act must file annual returns and financial statements with the Registrar of Companies (ROC), even if there’s no active business. Non-compliance can result in penalties or disqualification of directors. We handle form filings, due dates, and updates to keep your entity fully compliant.
Can you assist with director or shareholder changes?
Absolutely. Whether you’re adding, removing, or replacing directors or shareholders, we manage the entire compliance process—board resolutions, MCA form filings, share transfer deeds, and KYC. All updates are handled promptly and in line with the Companies Act provisions.
What is DIN and why is KYC compliance necessary?
DIN (Director Identification Number) is a unique ID for anyone looking to become a director in India. Annual DIN KYC filing is mandatory to maintain an active status and avoid deactivation or penalties. We ensure all directors under your company meet their annual compliance on time.
Who is required to comply with PMLA regulations in India?
Entities classified as “Reporting Entities” under the Prevention of Money Laundering Act (PMLA), such as real estate agents, jewellers, banks, NBFCs, and professionals dealing with high-value transactions, are required to comply. This includes registration with FIU-IND, record maintenance, and reporting of suspicious transactions. We help assess your applicability and ensure full compliance.
What is FIU-IND registration and how do I obtain it?
FIU-IND (Financial Intelligence Unit – India) registration is mandatory for reporting entities to submit cash and suspicious transaction reports. We assist you in preparing the required documentation, setting up secure logins, and registering your entity to remain compliant with PMLA norms.
What does an AML policy include?
An AML (Anti-Money Laundering) policy outlines your procedures for client onboarding (KYC), transaction monitoring, internal reporting, and staff training to prevent financial crimes. It also includes risk assessment protocols and escalation steps. We draft tailored AML policies that meet industry-specific guidelines and regulatory expectations.
Can you help with suspicious transaction reporting or audits?
Yes, we provide ongoing support for identifying, documenting, and reporting suspicious transactions to FIU-IND. We also conduct internal AML compliance audits to ensure your reporting, record-keeping, and staff practices are up-to-date and inspection-ready.
What kind of advisory services do you offer for startups?
We help startups from idea to execution, including entity structuring, funding strategy, cap table design, pitch deck preparation, and compliance planning. Whether you’re looking to raise capital or build a FEMA-compliant model for global investors, we provide step-by-step support tailored to your business stage.
Can you assist with cross-border business expansion?
Yes. We offer strategic advice for inbound and outbound investments, regulatory approvals, FEMA compliance, tax structuring, and risk assessment. Our team helps you set up Indian subsidiaries, enter joint ventures, or structure international partnerships the right way.
How do you support wealth and investment planning?
We advise high-net-worth individuals, families, and business owners on structuring investments through tax-efficient instruments, succession planning, and risk mitigation. This includes Indian and offshore planning aligned with RBI, FEMA, and income tax laws.
Do you provide guidance for business restructuring?
Absolutely. Whether it’s due to mergers, operational inefficiencies, or compliance gaps, we assess your business model and propose restructuring plans that improve profitability, legal compliance, and long-term scalability.
Who needs to register for GST in India?
Any business with an annual turnover above ₹40 lakhs (₹20 lakhs for services in most states) must register for GST. Additionally, e-commerce sellers, inter-state service providers, and voluntary registrants can also apply. We help you determine eligibility and complete the registration process without delays.
Which GST returns do I need to file regularly?
Most regular taxpayers are required to file GSTR-1 (outward supplies), GSTR-3B (monthly summary), and GSTR-9 (annual return). Businesses with input credit or special cases may have additional filings. We manage your entire return calendar to avoid penalties and ensure timely compliance.
What is Input Tax Credit (ITC) and how does reconciliation work?
Input Tax Credit lets you claim credit for GST paid on purchases to offset your output tax liability. Reconciliation ensures that your purchase data matches your suppliers’ filings (via GSTR-2A/2B). We perform monthly reconciliations to help you claim the maximum eligible ITC and flag mismatches early.
Can you assist with GST audits or appeals?
Yes. We handle GST compliance audits, respond to audit notices, and represent clients in appeals. Our team ensures that your documentation is complete, reconciliations are accurate, and responses are aligned with GST Act requirements, minimising legal risks.
What is MIS, and how does it help my business?
MIS (Management Information System) refers to customized reports and dashboards that give you real-time visibility into your business’s financial health. These reports can track profitability, cash flow, outstanding receivables, and more—helping you make faster, data-driven decisions. We create tailored MIS structures based on your operational goals.
Do you help with accounting software implementation?
Yes. We assist in choosing the right accounting software—like Tally, QuickBooks, Zoho Books, or custom ERP integrations—based on your business size and reporting needs. We also handle setup, staff training, and ongoing support to ensure accurate, scalable financial records.
Can you manage budgeting and cash flow for us?
Absolutely. We create and maintain detailed budgeting frameworks, forecast cash flows, and provide monthly variance reports. Our goal is to help you monitor burn rates, reduce leakage, and stay in control of both short-term liquidity and long-term financial planning.
Do you offer outsourced bookkeeping services?
Yes. Our accounting support includes day-to-day bookkeeping, ledger maintenance, accounts receivable/payable tracking, reconciliations, and monthly reporting. This is ideal for SMEs, startups, and professionals who want accuracy without building an in-house team.
