Straight answers to the questions we get most

For most individuals the due date is 31st July following the end of the financial year. Businesses requiring an audit file by 31st October, and cases involving transfer pricing by 30th November. Dates are occasionally extended by the government, so confirm before assuming.

Typically your PAN and Aadhaar, Form 16 from each employer, bank statements for the year, investment and deduction proofs, and capital gains statements from your broker if you have traded. Business owners also need their books of account.

It depends entirely on how much you claim in deductions. The new regime has lower rates but removes most deductions; the old regime rewards people with significant 80C, HRA, and home loan claims. We compute both and show you the difference in rupees rather than guessing.

You can still file a belated return, but you pay a late filing fee, interest on any unpaid tax, and you lose the ability to carry forward certain losses. Refunds are also delayed. It is worth filing late rather than not at all.

Do not ignore it — every notice carries a deadline. Send us a copy and we will identify what is being asked, gather the supporting records, and draft a response. Most notices are routine mismatches that close with a proper explanation.

Not always, but you should file if you want a refund of TDS already deducted, if you want to carry forward a loss, or if you fall into one of the categories where filing is mandatory regardless of income — for example high-value deposits or foreign travel spending.

Registration is required once turnover crosses ₹40 lakh for goods or ₹20 lakh for services in most states. Some categories must register regardless of turnover — including e-commerce sellers, exporters, and businesses liable under reverse charge.

Most registered businesses file GSTR-1 and GSTR-3B monthly, plus an annual return. Smaller taxpayers can opt into the QRMP scheme and file quarterly while paying tax monthly.

A late fee accrues for every day of delay, along with interest on the unpaid tax. Your buyers may also be unable to claim input tax credit until you file, which tends to create commercial pressure quickly.

Input tax credit is only available once the invoice appears in your GSTR-2B. We reconcile your purchases every month and flag non-filing suppliers early so you can chase them before the credit lapses.

The composition scheme lowers your tax rate and compliance burden, but you cannot claim input tax credit or make inter-state sales. It suits small local traders and restaurants; it rarely suits B2B suppliers. We compare both against your margins.

It is the department asking you to explain a discrepancy in your returns. Answered properly and within the deadline it usually ends there. Ignored, it escalates into a demand under DRC-01.

A private limited company suits businesses that plan to raise external investment or issue shares to employees. An LLP has lighter ongoing compliance and suits professional and family-run firms. The right answer depends on your funding plans, not on which is cheaper to start.

At minimum: a statutory audit, annual filings with the MCA in AOC-4 and MGT-7, director KYC for each director, board meetings with proper minutes, and the company's income tax return. These apply even in a year with no business activity.

The MCA charges an additional fee for every day of delay with no upper cap, so the cost grows steadily. Prolonged default can also disqualify directors. If you have a backlog, we assess the exposure first so you know the cost before starting.

PF generally applies once you employ 20 or more people, and ESI at 10 or more in most states, subject to wage thresholds. Voluntary coverage is possible earlier. We assess your specific position rather than applying a rule of thumb.

You need a class 3 DSC for MCA filings, most GST filings by companies, and e-tender portals. Individuals filing their own ITR usually do not need one. A DSC is typically valid for two to three years.

Fees depend on the scope — the number of transactions, entities, and filings involved. We give you a written quote before any work begins, and it does not change unless the scope does. There are no hidden charges.

Within 24 business hours. For anything urgent — a notice with a near deadline, for instance — call or WhatsApp us on +91 79846 53640 and we will pick it up the same day.

No. Most of our clients work with us entirely over WhatsApp, email, and phone, and we serve clients across India. You are very welcome to visit our Ahmedabad office if you prefer to meet in person.

Yes. Client information is confidential and shared only where necessary to deliver your service — with the tax department or MCA portal, for instance — or where the law requires it. Our Privacy Policy sets out the detail.

Yes, and it is a routine transition. We take your existing books and filings as they are, identify anything outstanding, and bring the records current before taking over the ongoing work.

Yes. We serve clients across Gujarat and the rest of India, and we work with NRIs on their Indian tax matters. Everything can be handled remotely.