Income Tax is a form of direct tax which is payable by Individual or entities for the Income Earned by them. Income Tax Act, 1961 is regulated by the Central Government of India. The method of Tax Calculation and Compliance differs as per the Legal structure.
At Finance Mart, we provide complete income tax consultancy service to Corporates, High net worth individuals, salaried, professional, Partnership, HUF etc. Our Income Tax consultancy includes but not limited to
- Pre-Tax Planning at the start of years for High net worth Individuals
- Transaction structuring advisory to corporates
- Advance Tax Calculations
- Filing of Form 15CA/CB
- Filing of TDS Returns
- Income Tax Return filing
- Income Tax Litigation Services
Common Types of Income Tax Consultation Service:
- Income Tax Preparation or Planning
- Income Tax Return Filing
- Income Tax Audits
- Legal Matters Related to Income Tax Hearing
- Assessment of Income Tax Returns
- TDS & Withholding tax compliance
- Income tax Appeals before Commissioner of Income Tax (Appeals)
- Income tax Appeals before Income Tax Appellate Tribunal (ITAT)
Class of Income
Income is commonly categorized in five classes where the taxable component of income is discovered as per the rule and regulation for a particular class followed by the aggregation for determining total taxable income.
- Salaries
- Income from House Properties
- Profits and Gains from Business/Profession
- Capital Gains
- Other Income
