capranayoswal@gmail.com Mon–Sat · 11:00 AM – 7:00 PM IST
Chartered Accountant · Company Secretary LinkedIn

Income tax, done early — not in a panic.

From a salaried ITR-1 to a reassessment notice under Section 148, we handle the full income-tax life cycle — planning, computation, filing, TDS and representation — so July never sneaks up on you.

Our approach

Tax planned in March is tax you don't overpay in July.

Most tax bills aren't high because the law is harsh — they're high because the planning happened after the year ended. We work the other way around: your tax position is reviewed before 31 March, while there is still time to act on it, and your return is prepared well before the 31 July rush, when the portal is slow and mistakes are easy.

Every year, for every client, we compute the liability under both the old and the new regime before choosing one. We reconcile your figures against Form 26AS and AIS before filing — because the department certainly will — and we track your refund until it actually lands in your bank account, not just until the return is submitted.

The practice has filed 8,000+ income tax returns over nine years — for salaried professionals, business owners, firms, companies, trusts and NRIs. Whatever your sources of income look like, we have almost certainly filed that return before.

At a glance

What our income-tax desk covers, end to end:

  • ITR-1 to ITR-7 filing — every taxpayer type
  • Old vs new regime comparison, every year
  • TDS returns & Form 16/16A generation
  • Advance tax schedules and reminders
  • Capital gains workings — equity, property, crypto
  • Notice & scrutiny handling, start to finish
  • Refund tracking until credit in your account

What we handle

Every income-tax situation, under one roof.

Nine sub-services that cover the full life cycle — from planning the year to closing the notice.

ITR filing — all heads, all entities

ITR-1 to ITR-7 for individuals, HUFs, firms, LLPs, companies and trusts — salary, house property, business, capital gains and other sources, reconciled with 26AS and AIS before submission.

Tax planning & advisory

Regime selection, salary structuring, presumptive taxation under 44AD/44ADA, and investment timing — planned before 31 March, when it can still change the number.

TDS/TCS compliance

Quarterly returns in 24Q, 26Q and 27EQ, challan mapping on TRACES, default resolution, and Form 16/16A issued to your employees and vendors on time.

Advance tax computation

Instalment-wise workings for 15 June, 15 September, 15 December and 15 March — updated as your income moves, so interest under 234B and 234C never builds up quietly.

Capital gains & ESOP taxation

Equity, mutual funds, property sales, ESOP perquisites and crypto — virtual digital assets taxed flat at 30% — with grandfathering, indexation and exemption claims worked out properly.

NRI taxation & DTAA relief

Residential status determination, India-source income, treaty relief with Form 10F and TRC, and returns for NRIs with rent, capital gains or interest income in India.

Notices & scrutiny

Intimations under 143(1), defective-return notices under 139(9), reassessment under 148 and faceless scrutiny — assessed plainly, replied to properly, closed on time.

Appeals & rectifications

Rectification requests under 154 for processing errors, and appeals before CIT(A) when a demand is simply wrong — with the paper trail built to support your position.

Lower/nil TDS certificates

Form 13 applications under Section 197 for NRIs selling property and businesses with thin margins — so tax isn't deducted far in excess of your actual liability.

Key dates

The income-tax year at a glance.

The deadlines that shape the year for every taxpayer. Clients on our compliance calendar get reminders before each of these — not penalty interest after.

Due date What's due Applies to
15 Jun Advance tax — 1st instalment (15% of estimated liability) Taxpayers with tax payable of ₹10,000+ after TDS
31 Jul Income tax return — non-audit cases (Section 139(1)) Salaried individuals, most freelancers and small businesses
15 Sep Advance tax — 2nd instalment (45% cumulative) All advance-tax payers
30 Sep Tax audit report — Form 3CA/3CB with 3CD Businesses and professionals covered by Section 44AB
31 Oct Income tax return — audit cases Taxpayers whose accounts require audit
15 Dec Advance tax — 3rd instalment (75% cumulative) All advance-tax payers
15 Mar Advance tax — final instalment (100% of liability) All advance-tax payers; 44AD/44ADA payers in one shot
Quarterly TDS returns (24Q/26Q) — due 31 Jul, 31 Oct, 31 Jan and 31 May Every deductor — employers and businesses deducting TDS

Dates are the standard statutory due dates; CBDT extends them in some years. We track the notifications so you don't have to.

Common questions

Asked by almost every client — answered straight.

The new regime is now the default, and for FY 2025-26 it is genuinely attractive — after the Section 87A rebate, there is effectively no tax on income up to ₹12 lakh. But the old regime can still win if you have large deductions: home-loan interest, HRA, 80C investments and health insurance together can tip the scales. There is no universal answer, which is why we compute your liability under both regimes every single year and pick the one that costs you less.
For a salaried return: Form 16, bank interest certificates, and capital gains statements from your broker if you invest. For business income: your books or bank statements, GST returns if registered, and details of major purchases or loans. In every case we pull your 26AS and AIS from the portal and reconcile them against your documents before filing. We send a one-page checklist tailored to your income sources — most clients spend under 30 minutes gathering everything.
You can still file a belated return under Section 139(4) up to 31 December of the assessment year, with a late fee under Section 234F of up to ₹5,000 (₹1,000 if total income is below ₹5 lakh) plus interest on any unpaid tax. You also lose the right to carry forward most losses. Missed even that? An updated return (ITR-U) may still be possible, at an additional tax cost. The sooner you call, the more options remain open — so call now, not next quarter.
First, don't pay it reflexively — a 143(1) intimation is automated processing, and demands often arise from a TDS mismatch, a disallowed claim or a figure keyed into the wrong field. We compare the department's computation with your return line by line. If the demand is wrong, we file a rectification under Section 154 or a response disagreeing with the demand; if it's right, we tell you plainly and help you pay it before interest compounds. Most 143(1) demands we see are resolved without paying the full amount.
Yes, both — and they are taxed very differently. Crypto and other virtual digital assets are taxed flat at 30% under Section 115BBH, with no deduction except cost of acquisition and no set-off of losses. F&O trading, on the other hand, is non-speculative business income: it goes in ITR-3, expenses are deductible, losses can be set off and carried forward, and turnover beyond the Section 44AB threshold can trigger a tax audit. We prepare the workings for both, including the audit call if your F&O turnover demands it.

Have a deadline, a notice, or a plan to grow?

Get a clear answer on where you stand and what to do next — usually within one working day.