Income Tax Services in Mumbai for Corporates, Individuals and NRIs
Return filing, TDS/TCS compliance, tax planning, audit support and representation before the Income Tax Department — for companies, firms, professionals, salaried individuals and non-residents.
For corporates & businesses
Corporate income tax compliance and advisory
For private limited companies, LLPs, partnership firms and proprietorships with business income. We manage the annual cycle end to end and step in when the Department raises questions.
Income tax return (ITR) filing
Preparation and e-filing of ITR-3, ITR-5, ITR-6 and ITR-7 with computation of total income, MAT/AMT where applicable, and reconciliation with audited financials, Form 26AS, AIS and TIS.
Tax audit support (Section 63; 44AB of the 1961 Act)
Preparation of Form 3CA/3CB-3CD schedules, clause-wise working papers and co-ordination with your statutory auditor so the tax audit report is filed correctly and on time.
TDS / TCS compliance
Monthly deduction review, challan payments, quarterly returns (24Q, 26Q, 27Q, 27EQ), Form 16/16A issuance, correction statements and handling of TRACES defaults and short-deduction notices.
Advance tax planning
Quarterly projections of taxable income so instalments on 15 June, 15 September, 15 December and 15 March are paid accurately, avoiding interest under sections 424 (234B of the 1961 Act) and 425 (234C of the 1961 Act).
Assessment & scrutiny representation
Drafting replies to notices under sections 270 (143(1) of the 1961 Act), 270 (143(2)), 268 (142(1) of the 1961 Act), 280 (148 of the 1961 Act) and 252 (133(6) of the 1961 Act), faceless assessment submissions, rectification under 154 and appeals before CIT(A).
Transfer pricing
Benchmarking studies, Form 3CEB certification, transfer pricing documentation under Rule 10D and support on Safe Harbour and Master File / CbCR thresholds for groups with international transactions.
Lower / nil deduction certificates
Applications under section 395 (197 of the 1961 Act) (Form 13) for lower TDS on contracts, rent, professional fees and NRI property sales, including the working of estimated income and follow-up with the assessing officer.
Tax-efficient structuring
Choice of entity, remuneration planning for directors and partners, capital structure and dividend / buy-back decisions, and eligibility for the concessional regimes under sections 200 (115BAA of the 1961 Act) and 201 (115BAB of the 1961 Act).
Withholding on foreign payments
Form 15CA/15CB certification, DTAA rate analysis and section 393 (195 of the 1961 Act) compliance for payments to non-residents — royalties, fees for technical services, interest and import of services.
For individuals, HUFs & NRIs
Individual and NRI income tax services
Salaried employees, professionals, landlords, investors and non-resident Indians — with particular focus on getting the residential status, capital gains and treaty relief right.
ITR filing — salaried
ITR-1/ITR-2 with Form 16 reconciliation, HRA and deduction optimisation, comparison of the old and new tax regimes and reporting of foreign assets and ESOPs where applicable.
ITR filing — business & professional income
ITR-3/ITR-4 for consultants, doctors, freelancers and traders, including presumptive taxation under section 58 (44AD and 44ADA of the 1961 Act) and books-of-account requirements.
Capital gains
Computation on sale of property, listed and unlisted shares, mutual funds, bonds and crypto assets; indexation, grandfathering and exemptions under sections 82 (54 of the 1961 Act), 85 (54EC of the 1961 Act) and 86 (54F of the 1961 Act).
NRI taxation & DTAA relief
Residential status determination, taxability of NRE/NRO income, rental and capital gains in India, tax residency certificates, Form 10F and treaty relief under the India–UAE, India–US, India–UK and other DTAAs.
Tax planning
Structuring of salary, investments, family income and property holdings so that tax is minimised within the law — reviewed each year before the March deadlines.
Notices & responses
Replies to intimations under section 270 (143(1)), defective return notices under section 263 (139(9) of the 1961 Act), high-value transaction (e-campaign) queries, reassessment under 148 and compliance portal responses.
How residential status is decided — the residence tests of the Income-tax Act, 2025, which carry forward the 1961 Act tests unchanged. Count the days you were physically in India during the financial year, including the days of arrival and departure.
Test 1Were you in India for 182 days or more in the year?
YesResident. Go to the RNOR check below. Otherwise move to Test 2.
Test 2Did you leave India to take up employment abroad or as crew, or are you an Indian citizen / person of Indian origin visiting India?
YesThe 60-day rule does not apply. If you left for employment or as crew, you are resident only at 182 days. If visiting, the limit is 182 days — reduced to 120 days when your Indian income (excluding foreign sources) exceeds ₹15 lakh and you had 365 days here in the previous four years. Below the limit: non-resident.
Test 3Everyone else: 60 days or more this year and365 days or more in the previous four years?
Yes → Resident · No → Non-residentA non-resident pays Indian tax only on income received or accruing in India — rent, Indian capital gains, interest on NRO deposits and the like.
RNOR check for residentsYou are resident but not ordinarily resident if you were non-resident in 9 of the previous 10 years, or spent 729 days or fewer in India over the previous 7 years, or became resident only through the 120-day rule. An RNOR is not taxed on foreign income unless it comes from a business controlled from India.
Deemed residentAn Indian citizen with Indian income above ₹15 lakh who is not liable to tax in any other country is deemed resident even with no days in India — and treated as RNOR. Most people settled in the UAE are covered by UAE residence, but check this if you split the year between countries.
How an engagement works
1
Initial discussion
A call or meeting to understand your income sources, entities and any open issues with the Department.
2
Document collection
A tailored checklist; documents can be shared securely online or dropped at our Mumbai or Thane office.
3
Computation and review
We prepare the computation, reconcile it with AIS/26AS and walk you through the position before anything is filed.
4
Filing and verification
Returns are e-filed and e-verified, with acknowledgements and a summary sent to you for your records.
5
Ongoing support
Advance tax reminders, TDS follow-ups and prompt handling of any intimation or notice that follows.
Key due dates for FY 2025-26 (AY 2026-27)
31 July 2026 — ITR-1 and ITR-2 (salary, pension, property, capital gains)
31 August 2026 — ITR-3 and ITR-4, business or profession without tax audit (new from this year)
31 October 2026 — businesses requiring tax audit and companies
30 November 2026 — assessees with transfer pricing (Form 3CEB)
31 December 2026 — belated returns; revised returns up to 31 March 2027
Due dates are as notified under the Income-tax Act and may be extended by CBDT. Read our detailed note.
Got a notice?
Intimations under section 270 (143(1)), defective-return notices, section 268 (142(1)) and 148 reassessments — upload the notice and we reply the same working day with what it means and what to do.
Do I need to file a return if my income is below the basic exemption limit?
Not always, but filing is mandatory in several situations even at lower income — for example if you have foreign assets, deposited more than ₹1 crore in current accounts, spent over ₹2 lakh on foreign travel or over ₹1 lakh on electricity, or if your TDS/TCS exceeds the prescribed thresholds. A nil return is also useful for loan and visa applications and to carry forward losses.
Which tax regime is better for me — old or new?
It depends on how much you claim under sections 123 (80C of the 1961 Act), 126 (80D of the 1961 Act), HRA and home-loan interest. The new regime has lower slab rates and a higher standard deduction but forgoes most deductions. We run both computations for every individual client before filing so the choice is based on numbers, not guesswork.
What happens if I miss the 31 July or 31 August deadline?
You can still file a belated return until 31 December of the assessment year, with a late fee under section 428 (234F of the 1961 Act) (₹1,000 or ₹5,000 depending on income) and interest under section 423 (234A of the 1961 Act) on any unpaid tax. Certain losses cannot be carried forward from a belated return. After 31 December, an updated return (ITR-U) may be possible with additional tax.
I am an NRI selling property in India. How much TDS applies?
The buyer must deduct TDS under section 393 (195) on the full sale consideration at the applicable rate for long-term or short-term capital gains (plus surcharge and cess), unless you obtain a lower-deduction certificate under section 395 (197) based on the actual gain. We regularly obtain these certificates for NRI clients, which materially reduces the cash locked up in TDS.
Can you represent me in a faceless assessment?
Yes. We draft and upload submissions on the e-proceedings portal, compile supporting evidence, seek adjournments where needed and, if the outcome is unfavourable, file the appeal before CIT(A) and represent you through the appellate process.
Need help with your income tax?
Send us your Form 16, AIS or last year's return and we will tell you exactly what needs to be done.
