Tax, audit & compliance
reviewed by your CA.

Each notice has its own deadline printed on it — typically 15 to 30 days. Section 139(9) defective return notices give 15 days. Section 143(2) scrutiny notices specify the date and time of hearing or document submission. Missing the deadline can lead to ex parte assessment, penalty, and prosecution in serious cases. Always act within the stated window.

Faceless assessment is the Income Tax Department's mechanism for handling assessments without physical interaction. Notices, document submissions, and hearings all happen digitally through the e-filing portal. Cases are randomly assigned to assessment units across India. We handle the end-to-end faceless workflow on our clients' behalf.

GST registration is mandatory once your aggregate turnover crosses Rs. 40 lakhs for goods (Rs. 20 lakhs for services) in a financial year, or if you make inter-state taxable supplies, sell on e-commerce platforms, or fall under specific categories like input service distributor, casual taxable person, or non-resident taxable person. Voluntary registration is also allowed below threshold.

Regular taxpayers file GSTR-1 (outward supplies) by the 11th of the following month, GSTR-3B (summary with tax payment) by the 20th, and GSTR-9 / 9C (annual return and reconciliation) once a year. QRMP scheme taxpayers file GSTR-1 and GSTR-3B quarterly with monthly tax payment via PMT-06.

The Composition Scheme is available for traders and manufacturers with turnover up to Rs. 1.5 crore (Rs. 75 lakhs in special category states) and for specified service providers up to Rs. 50 lakhs. Compliance is simpler (quarterly CMP-08 + annual GSTR-4) but you cannot claim input tax credit, cannot make inter-state supplies, and must charge composition rate without GST on invoices.

ITC reconciliation differences are the most common GST issue. We identify whether the mismatch is due to supplier non-filing, wrong GSTIN, invoice not uploaded, or timing differences. Sustained mismatches trigger Section 16(2)(aa) ITC reversal and Section 17(5) restrictions. Monthly reconciliation prevents these from accumulating into year-end demand notices.

Tax Audit under Section 63 of the Income-tax Act, 2025 (earlier Section 44AB of the 1961 Act) applies to any taxpayer (individual, firm, LLP, company) whose business turnover exceeds Rs. 1 crore (Rs. 10 crore where 95%+ transactions are digital) or whose professional receipts exceed Rs. 50 lakhs. Statutory Audit under the Companies Act, 2013 applies to every company regardless of turnover. We handle both engagements, often together for the same entity.

If your turnover is below Rs. 1 crore (or Rs. 10 crore with digital transactions) and you are not declaring profit under the presumptive taxation regime, then Tax Audit u/s 63 of the Income-tax Act, 2025 is not mandatory. However, opting out of presumptive taxation after having used it can pull you into Tax Audit even at lower turnover. We assess applicability case-by-case.

Penalty for default in Tax Audit is 0.5% of turnover, capped at Rs. 1.5 lakh, under the penalty provisions of the Income-tax Act, 2025 (corresponding to earlier Section 271B). The audit must be completed and Form 26 (consolidated; replaces Form 3CA/3CB/3CD) filed by 30 September following the financial year (extended dates apply for transfer pricing audit). We track audit deadlines for engaged clients and deliver well ahead of the due date.

Typically 7-15 working days from the time we receive complete documents (DIN/DSC, identity and address proofs of directors, registered office proof, MOA/AOA inputs). MCA processing time varies. We file SPICe+ Part A (name reservation) and Part B (incorporation) together, along with PAN and TAN.

Form AOC-4 (financial statements) within 30 days of the AGM, Form MGT-7 / MGT-7A (annual return) within 60 days of the AGM, Form ADT-1 if there is a change in auditor, DIR-3 KYC for every director by 30 September, Form DPT-3 for deposits, and any event-based filings (Form CHG, MGT-14, etc.). We maintain a per-client compliance calendar.

Pvt Ltd offers easier equity raising, ESOPs, and is the structure most VCs prefer. LLP has lower compliance costs, no statutory audit below Rs. 40 lakh turnover or Rs. 25 lakh capital, and partners' liability is limited. LLP cannot do an IPO and is harder to convert later. We recommend the structure based on your funding plans, exit horizon, and operational profile.

Yes, if you have any India-source income above the basic exemption — rent from Indian property, capital gains on Indian shares or property, interest on NRO accounts, dividends, etc. NRE account interest is exempt and does not require return filing on its own. We handle ITR-2 / ITR-3 for NRIs entirely remotely.

You need a Tax Residency Certificate (TRC) from your country of residence, Form 10F filing on the Indian e-filing portal, and a self-declaration of beneficial ownership. The applicable DTAA article determines the carve-up of taxing rights. Foreign tax paid is creditable via Form 67, which must be filed before the ITR due date.

For remittances on or after 1 April 2026, outward remittance from your Indian account requires Form 145 (remitter declaration) and Form 146 (CA certificate) under the Income-tax Act, 2025 read with Rule 220 of the Income-tax Rules, 2026 — these replace the earlier Form 15CA / 15CB. The bank will not process the remittance without these. We issue Form 146 and file Form 145 for the same engagement. Form 15CA / 15CB submitted for remittances on or before 31 March 2026 remain valid under the transitional rules.

Monthly MIS, cash flow forecasting, budgeting and variance analysis, investor reporting, statutory compliance calendar oversight, board meeting support, and strategic finance input on pricing, hiring, fundraising, and cost decisions. The exact scope is agreed in writing during onboarding based on the business stage and reporting needs.

We handle ongoing bookkeeping engagements on Tally, Zoho Books, and similar cloud accounting tools — daily/weekly transaction posting, bank reconciliation, monthly GST and TDS workings, payroll, and month-end closures. Many clients engage us for ongoing books plus year-end audit and ITR, all under one firm.

Yes. We handle the full trademark filing process under the Trade Marks Act, 1999 — TM search, classification, Form TM-A filing, examination response, opposition representation if any, and registration. We also handle FSSAI food licences, IEC for import-export, and shop & establishment registration.

Yes. Our office is in Faridabad but we work with clients across Delhi-NCR, the rest of Haryana, other Indian states, and overseas (NRIs and Indian businesses with international operations). Most engagements are run digitally — documents over WhatsApp / email, consultations over phone or video call.

Engagement scope, deliverables, and fees are confirmed in writing during the initial consultation, based on the size and complexity of the work. Per ICAI guidance, we do not publish fees on the website. The engagement letter clearly sets out fees, payment schedule, and inclusions / exclusions before any work begins.

Routine queries from engaged clients are typically acknowledged the same business day during working hours (Mon-Fri 10:00 AM - 5:30 PM IST). Specific deliverables follow the timeline agreed in the engagement letter. Notice and assessment matters with statutory deadlines are prioritised.

Per the ICAI Code of Ethics, all client information is held in strict professional confidence. Documents are exchanged via secure channels and stored in line with our Privacy Policy and the Digital Personal Data Protection Act, 2023. Engagement files are retained for the period required by ICAI and the relevant tax statutes.

Name, phone, email, the service category you select, and any message text you provide. This data is processed solely to respond to your enquiry, on the lawful basis of your consent under the DPDP Act, 2023. Full details — including third-party processors, retention period, and your rights as a data principal — are set out in our Privacy Policy.

Yes. Every engagement begins with a written engagement letter that sets out scope, deliverables, fees, timelines, and the responsibilities of both sides. This is standard professional practice under ICAI guidance and protects both client and firm.