Fidelity Professional Advisors

Income Tax compliances

Income tax compliance is an essential and intricate component of the country’s fiscal landscape. India’s income tax system is governed by the Income Tax Act, which mandates that individuals and businesses report their income and pay taxes in a systematic and transparent manner. With a diverse and dynamic economy, income tax compliance plays a pivotal role in generating revenue for the government and funding critical public services. The Indian income tax regime is subject to constant evolution, with changes in tax rates, exemptions, and regulations aimed at fostering economic growth and ensuring equity in tax collection. Navigating this multifaceted system requires individuals and entities to stay abreast of evolving tax laws and regulations, making income tax compliance a critical aspect of financial responsibility for all taxpayers in the country. 

With constantly changing tax laws, taxpayers often find it difficult to keep up with the ever increasing compliances and filings to avoid hefty late fees, penalties and interest burden. Our team of dedicated professionals ensure that all the compliances, return filings, etc are completed well in advance of the due dates. We also help in filing of appeals and dispute resolution with Government authorities. We also advise and help in strategic tax planning so as to minimise your total tax burden. When it comes to income tax, we provide comprehensive support for all your compliance needs.

      We provide the following services in the field of Income Tax:

  • Advisory and Assistance relating to preparation and filing of Income Tax Returns of Individuals, HUFs, Partnership Firms, LLPs, Companies, etc.
  • Rectification of Proposed Adjustments in Income Tax Returns
  • Faceless Assessment (Scrutiny) of Tax Returns and Penalty Proceedings
  • Advance Tax Calculations
  • Appeals, Revisions & Representations before the tax and appellate authorities
  • Income Tax Audit u/s 44 AB
  • Form 10B Audit in case of NGO, 10BB Audit
  • Tax Deduction at Source (TDS) Compliance Services and filing of e-TDS of Returns of the Clients. We also provide services such as Due diligence of TDS compliance
  • Filing of TDS and TCS Returns
  • Advisory on TDS on Immovable Poperties
  • Tax Consultancy / Planning