Individual Tax Filing:
Assistance in maximizing deductions and reducing tax liabilities.
We offer a wide range of services, including strategic planning, financial management, marketing, and technology integration. By leveraging the latest industry insights and innovative strategies, we ensure your business stays ahead of the curve.
Understanding the complexities of income tax can be difficult, but with our expert income tax return filing services, we make the process seamless and stress-free. Whether you're an individual, freelancer, or business owner, we provide customised solutions to ensure your tax returns are filed accurately and on time.
Our team of tax professionals will guide you through every step from tax planning to gather the necessary documentation to identify eligible deductions, exemptions, and credits that can minimize your tax liability. We stay updated with the latest tax laws and regulations to help you optimize your returns and avoid penalties.
Assistance in maximizing deductions and reducing tax liabilities.
Expert handling of corporate tax returns, ensuring necessary compliance.
Strategic advice to help you make tax-efficient financial decisions throughout the year.
We ensure you're not leaving money on the table by claiming all eligible refunds.
Full support to keep you aligned with all applicable tax regulations.
We provide tailored growth strategies to help businesses scale and reach new markets. By analyzing market trends, competitive landscapes, and internal capabilities, we develop actionable plans that drive measurable results and sustainable expansion We provide tailored growth strategies to help businesses scale and reach new markets.
Sound financial planning is crucial for any thriving business. Our team conducts thorough financial analyses to highlight key growth areas, optimize budgeting, and manage cash flow, ensuring long-term profitability and resilience. Sound financial planning is crucial for any thriving business. Our team conducts thorough financial analyses to highlight key growth areas, optimize budgeting, and manage cash flow, ensuring long-term profitability and resilience.
We focus on identifying and attracting top talent who align with your company's values and goals.
Our HR development service places a strong emphasis on employee engagement and retention.
Our onboarding programs are crafted to integrate new hires seamlessly into your organization.
We believe in continuous learning and development. Our team designs customized training.
Building strong leaders is essential for business success. Our leadership development programs empower executives and managers with the skills they need to inspire, motivate, and drive teams toward achieving organizational goals. Inefficiencies can limit growth. Our consultants perform a deep analysis of your operations, identifying bottlenecks and recommending process improvements. We focus on cost-saving strategies to boost productivity without compromising quality.
By ordering the installation services from us, we can be sure of the quality of materials and installation.
Our team is dedicated to delivering exceptional value through close collaboration with our clients. We prioritize understanding their needs and providing success.
Outstanding digital agency service! Exceptional creativity, strategic approach, and flawless execution. Highly recommend for all digital marketing needs ...
General Manager, Oliver’s LAB llc.
Innovative, efficient, and collaborative digital agency service delivering exceptional results. Highly recommend for top-tier expertise and professionalism ...
Marketing Director, Oliver’s LAB llc.
Intimation refers to the processing of returns by the Centralised Processing Centre (CPC). In this, all Income-tax returns filed under Section 139 or in response to a notice under Section 142(1) are processed to verify and fix the arithmetical errors, apparent errors, tax calculation, and tax payments. At this stage, no verification of the income is undertaken.
Rental income in the hands of owner is charged to tax under the head “Income from house property”. Rental income of a person other than the owner cannot be charged to tax under the head “Income from house property”. Hence, rental income received by a tenant from sub-letting cannot be charged to tax under the head “Income from house property”. Such income is taxable under the head “Income from other sources” or profits and gains from business or profession, as the case may be
In the hands of a Government employee Gratuity and PF receipts on retirement are exempt from tax. In the hands of non-Government employee, gratuity is exempt subject to the limits prescribed in this regard and PF receipts are exempt from tax, if the same are received from a recognised PF after rendering continuous service of not less than 5 years. No exemption shall be available for the interest income accrued during the previous year in the recognised and statutory provident fund to the extent it relates to the contribution made by the employees over Rs. 2,50,000 in the previous year. However, if an employee is contributing to the fund but there is no contribution to such fund by the employer, then the interest income accrued during the previous year shall be taxable to the extent it relates to the contribution made by the employee to that fund in excess of Rs. 5,00,000 in a financial year. The CBDT vide notification no 95/2021, dated 31-08-2021, has notified Rule 9D for calculation of taxable interest relating to contribution in a provident fund or recognised provided fund, exceeding above specified limit.
The amount of HRA is required to be disclosed in the ITR under the column allowances to the extent exempt under section 10. section 10(3A) is the relevant section under which the amount of exempt HRA to be shown.
Least/minimum of the following is exempt (Not taxable/deducted from total HRA received) (a) Actual amount of HRA received (b) Rent paid Less 10% of salary (c) 50% of salary if rented accomandation is situated at Kolkata, Chennai, Mumbai and Delhi or 40 % of salary if the rented accomadation is situated at other than Kolkata, Chennai, Mumbai and Delhi. In case of no rent is paid then exemption will be zero.