Tax Planing & Compliance

Tax planning and compliance are essential components of a well-managed business or individual financial strategy. Tax planning involves organizing financial affairs in a way that reduces tax liabilities while ensuring compliance with tax laws. Compliance ensures that all tax obligations are met accurately and on time, avoiding penalties or legal issues. Proper tax planning and compliance allow businesses and individuals to take advantage of available deductions, exemptions, and credits, while staying on the right side of the law.

Documents Required

Individuals

PAN Card

Aadhaar Card

Income Tax Returns (last 3 years)

Salary Slips (last 6 months)

Bank Statements (last 6 months)

Investment Proofs (e.g., PPF, ELSS, LIC, Fixed Deposits)

Property Ownership Documents (if applicable)

Rental Income Details (if applicable)

Proprietorship

PAN Card of Proprietor

Aadhaar Card of Proprietor

Business Registration Certificate

Financial Statements (Profit & Loss, Balance Sheet) for the last 3 years

Tax Returns (Income Tax, GST, etc.) for the last 3 years

GST Payment Challans (if applicable)

Bank Statements for the last 6 months

Partnership Firms

PAN Card of Firm

Partnership Deed

Financial Statements (Profit & Loss, Balance Sheet) for the last 3 years

Tax Returns (Income Tax, GST, etc.) for the last 3 years

GST Payment Challans (if applicable)

Bank Statements for the last 6 months

Partners’ Personal Tax Returns (if applicable)

Process Timeline

Initial Consultation

Understand the client’s financial objectives and tax concerns to establish goals for planning and compliance.

Data Collection

Gather all relevant financial documents, including income records, previous tax returns, and investment details.

Tax Assessment

Analyze the client’s current tax liabilities, deductions, and credits to identify potential areas for optimization.

Compliance Review

Verify adherence to applicable tax regulations and identify any gaps or overdue filings.

Strategy Development

Create tax-saving strategies tailored to the client’s financial situation, leveraging deductions, exemptions, and investment options.

Tax Projections

Estimate quarterly or annual tax liabilities to facilitate proactive financial planning and timely payments.

Filing Assistance

Prepare and file accurate tax returns, ensuring all regulatory deadlines are met to avoid penalties.

Audit Support

Provide representation and documentation in the event of a tax audit or inquiry from authorities.

Regulatory Monitoring

Stay updated on changes in tax laws to adapt strategies and maintain compliance.

Ongoing Advisory

Offer continuous guidance on tax-efficient decisions and assist with periodic reviews to refine the tax plan.

Find the Perfect Fit for Your Budget

Choose from our range of flexible pricing options that cater to your specific needs.

₹9,999

Basic Plan

A brief description goes here

Get Started

Initial consultation to understand your financial profile and tax requirements

Basic tax planning for individuals or small businesses, including identification of deductions, exemptions, and rebates

Preparation and filing of income tax returns (ITR)

Guidance on compliance with applicable tax laws and deadlines

Email support for 1 month post-service

₹19,999

Standard Plan

A brief description goes here

Get Started

Comprehensive tax planning for individuals, startups, or small businesses

Review of financial records to identify tax-saving opportunities and strategies

Preparation and filing of income tax returns, GST returns, and TDS returns

Compliance support, including reminders for filing deadlines and assistance with documentation

Tax advisory for investments to maximize tax efficiency

Phone and email support for 2 months post-service

₹39,999

Pro Plan

A brief description goes here

Get Started

In-depth consultation for complex tax scenarios, including multiple income sources, international taxation, or corporate tax

Advanced tax planning strategies, including capital gains, tax-efficient investments, and restructuring

Comprehensive preparation and filing of all tax returns (income tax, GST, TDS, etc.)

Detailed review of past tax filings to identify and resolve compliance issues

Assistance with tax audits and representation before tax authorities, if required

Regular updates on tax law changes and their impact on your finances

Extended email, phone, and on-site support for 6 months post-service

Frequently Asked Questions

Find answers to commonly asked questions about our products and services.

Why is tax planning important?

Tax planning helps minimize your tax liability by identifying eligible deductions, exemptions, and credits. It also ensures compliance with tax laws, preventing penalties and interest charges.

When should I start tax planning?

Ideally, tax planning should start at the beginning of the financial year or well before the tax return filing deadline to take advantage of all available deductions and exemptions.

What is the difference between tax planning and tax compliance?

Tax planning involves strategies to minimize tax liabilities, while tax compliance ensures that you meet all your tax obligations by filing returns and making payments on time.

Can tax planning help me save money?

Yes, proper tax planning can help you save money by identifying tax-saving instruments, reducing tax liabilities, and optimizing investments for better returns.

What happens if I miss the tax filing deadline?

Missing the tax filing deadline can result in penalties, interest charges, and potential legal consequences. It’s important to file on time to avoid these issues.

Is tax planning only for businesses, or can individuals benefit from it too?

Both individuals and businesses can benefit from tax planning. Individuals can optimize their personal taxes, while businesses can plan for corporate taxes, GST, and other tax-related expenses.

How often should I review my tax planning strategy?

It’s recommended to review your tax planning strategy at least once a year or whenever there is a significant change in your income, investments, or financial situation.

Can tax planning help with long-term wealth creation?

Yes, effective tax planning redirects saved taxes into investments like retirement funds, real estate, or other financial instruments, contributing to long-term wealth creation.