Tax Advisory Services and Income Tax Consultancy
Entrecap Business Services is a leading provider of tax advisory services and income tax consultancy, offering entrepreneurs expert guidance on a range of direct tax matters.
Our tax advisory services cover the following key areas:
- Tax advice/opinions on specific matters/transactions like the sale of assets, sale of business, mergers, etc. We offer personalized and highly considered tax opinions after multiple readings of applicable sections and rules, circulars, notifications, court judgments, etc.
- Computation of income and taxes from all sources of income, keeping in mind applicable present rules and optimizing taxes and interest wherever possible. Under the revised income tax rules, taxpayers can choose from the old regime (lower slabs with multiple exemptions and deductions) or the new regime (higher income tax slabs with vastly reduced exemptions and deductions). Taxpayers should select the regime keeping in mind the tax impact plus other conditions.
- Preparation of income tax returns, including selection of appropriate returns and ensuring relevant fields/schedules are filled. More details can be found here. Filing returns on time helps avoid interest and ensures losses can be carried forward.
- Revision of income tax returns—within the permissible time limit—to avoid later penalties and take any advantages under the income tax laws that may have been missed earlier.
- Reconciliation of income taxes with books of accounts and other laws, particularly Goods and Service Tax (GST) portal. This is essential to avoid discrepancies that can trigger tax notices under various laws.
- Responding to notices for defective returns and ensuring compliance with income tax rules to avoid penalties.
- Rectification of returns filed—either by the taxpayer themselves or in response to a notice or order. This helps avoid unintentional tax consequences and further appeals.
- Pursuing pending income tax refunds that may be delayed due to various reasons.
- International taxation matters such as determining the taxability of transactions, certification of remittance, and interpreting domestic tax laws in the context of Double Taxation Avoidance Agreements (DTAAs).
- Handling income tax appeals and assessments—this includes responding to notices, filing appeals and cross-appeals, and managing rejoinders and objections.
At Entrecap Business Services, we offer complete solutions for tax advisory services, ensuring that all direct tax matters are handled efficiently. Whether you need assistance with filing returns, resolving tax disputes, or managing international tax issues, our expert team is here to help.
Contact us today for professional tax advisory services at +91 7627872987 or email us at info@entrecap.in to receive personalized tax consultancy tailored to your business needs!