Maximize your tax savings with India Finance 4U's comprehensive taxation services. We provide expert guidance on income tax, GST, tax planning, compliance, and audit services to ensure you stay compliant while minimizing your tax liability.
Get Free Tax ConsultationWe provide comprehensive taxation solutions with expert guidance and guaranteed compliance
Minimize your tax liability with personalized tax planning strategies tailored to your financial goals.
Comprehensive tax audit services ensuring compliance with all regulatory requirements and standards.
End-to-end GST services including registration, return filing, reconciliation, and advisory.
Ensure 100% compliance with all tax laws and regulations to avoid penalties and legal issues.
Comprehensive tax solutions for individuals, businesses, and organizations
Comprehensive income tax planning, filing, and compliance services for individuals and businesses.
End-to-end GST compliance including registration, return filing, and advisory services.
Tax planning and compliance services for companies, LLPs, and other business entities.
Comprehensive tax audit services under various sections of the Income Tax Act.
Tax compliance for NRIs, foreign companies, and cross-border transactions.
Representation before tax authorities, appellate tribunals, and courts.
4-step systematic approach to optimize your tax liability
Comprehensive analysis of your income, investments, expenses, and financial goals.
Developing customized tax planning strategies aligned with your financial objectives.
Executing the tax plan through optimal investments and compliance procedures.
Regular monitoring and timely filing of returns to ensure ongoing compliance.
Invest up to ₹1.5 lakh in PPF, ELSS, NSC, life insurance premiums, or home loan principal repayment to reduce taxable income.
Claim up to ₹25,000 for self and family (₹50,000 for senior citizens) under Section 80D for health insurance premiums.
Additional deduction of ₹50,000 under Section 80CCD(1B) for NPS contributions beyond the ₹1.5 lakh limit of 80C.
Evaluate both old and new tax regimes annually to select the one that minimizes your overall tax liability.
Find answers to common questions about taxation services
The old tax regime offers various deductions and exemptions (like HRA, LTA, 80C, 80D, etc.) but has higher tax rates. The new regime (default from FY 2023-24) has lower tax rates but eliminates most deductions and exemptions. You should choose based on which regime results in lower tax liability after considering your investments and expenses.
Essential documents include PAN card, Aadhaar card, Form 16 (if salaried), bank statements, investment proofs (PPF, ELSS, insurance premiums), home loan interest certificate, rent receipts (if claiming HRA), capital gains statements, and TDS certificates (Form 16A, 16B, 16C). For businesses, additional documents like profit & loss statement and balance sheet are required.
Tax planning should ideally start at the beginning of the financial year (April) rather than waiting until the last quarter. This allows you to make systematic investments, plan expenses, and optimize deductions throughout the year. Last-minute tax planning often leads to suboptimal decisions and missed opportunities.
Late fees for GST return filing are ₹50 per day (₹25 CGST + ₹25 SGST) for normal taxpayers and ₹20 per day (₹10 CGST + ₹10 SGST) for taxpayers with nil liability. The maximum late fee is capped at ₹5,000. Additionally, interest at 18% per annum is applicable on the outstanding tax amount from the due date till the date of payment.
Yes, you can revise your income tax return under Section 139(5) if you discover any omission or wrong statement in the original return. The revised return can be filed within the end of the assessment year or before completion of assessment, whichever is earlier. For FY 2023-24, the deadline for revising the return would be March 31, 2025, or before assessment completion.
Still have tax-related questions? Consult with our tax experts for personalized advice.
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