Personal Tax Advisory & Compliance
Individual taxation involves income from multiple sources such as salary, house property, business or profession, capital gains, and other sources. Proper planning ensures lawful optimization of tax liability while maintaining compliance.
Personal tax compliance includes:
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Computation of income under various heads
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Selection between old and new tax regime
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Capital gains calculation on sale of property, shares, or other assets
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Deduction planning under Chapter VI-A
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Advance tax calculation
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Filing of Income Tax Return (ITR-1, ITR-2, ITR-3, as applicable)
Tax planning strategies consider exemptions, deductions, set-off of losses, residential status implications, and clubbing provisions.
Accurate reporting of foreign assets, high-value transactions, and capital gains is crucial to avoid scrutiny notices.
Structured personal tax advisory ensures financial efficiency while maintaining regulatory compliance.