The CBDT circular announcing the due date extension specifies that the due date itself, as provided under Section 139(1), has been extended from July 31, 2025, to September 15, 2025
The CBDT circular announcing the due date extension specifies that the due date itself, as provided under Section 139(1), has been extended from July 31, 2025, to September 15, 2025
Income Tax
Income Tax Return (ITR)
Filing your Income Tax Return means sharing details of your income, investments, and expenses with the government. If you owe any tax after filing, you’ll need to pay it accordingly.
Tax Audit
A tax audit is a detailed review of your filed income tax return to ensure all income and deductions are correctly reported. It helps the tax department confirm that your finances are in order and nothing has been misreported.
TDS Compliance
TDS (Tax Deducted at Source) means a certain percentage of tax is deducted before making payments like salaries, rent, interest, or professional fees. The person making the payment is responsible for deducting and submitting it to the government.
TCS Compliance
TCS (Tax Collected at Source) is the tax a seller collects from the buyer while making a sale. This collected amount is then paid to the government.
Income Tax Refund
If you’ve paid more tax than needed, you can claim a refund. Once verified, the extra amount will be returned by the Income Tax Department directly to your account.
Capital Gain Transaction Advisory
Capital gain is the profit earned when you sell a property, shares, or any other asset for more than what you paid. Advisory services help you manage and plan these transactions in a tax-efficient way.
Income Tax Assessment
This is the process where the Income Tax Department reviews the information you’ve submitted in your ITR to ensure everything is accurate and as per the rules.
Appeals
If you’re not satisfied with the outcome of your tax assessment or any decision by the Income Tax Department, you have the right to appeal it through the proper legal channels.
Lower Deduction Certificate in TDS (Section 197)
If your income doesn’t require the full TDS deduction, you can apply for a Lower or NIL TDS deduction certificate from the tax department. This helps avoid excess tax deductions at the time of payment.
Tax Planning & Advisory
Tax planning is all about organizing your finances in a smart and legal way to reduce your tax burden. This includes making the most of exemptions, deductions, rebates, and allowances available under the Income Tax Act.
FAQ
Outsourced bookkeeping is the practice of assigning your financial record-keeping tasks to an external expert, reducing the need for a dedicated internal accounting staff.
When a professional handle the job, the results are accurate, error-free, and less risky. It also reduces the chances of penalties, demands, and notices from any government department.
By outsourcing your bookkeeping, you eliminate the need for lengthy hiring processes and avoid spending valuable time and money on training bookkeepers, accountants, or financial controllers. In short, you save time and can focus more on growing your business.
No. You actually have more control since you’ll have accurate, up-to-date financial statements at your fingertips.
If you expect your accountant to also visit the bank, dispatch goods, make coffee, and handle miscellaneous tasks throughout the day, don’t be surprised if they don’t stick around — chances are, they’ll resign sooner than you think.