Details

At R V K & Associates, we provide tax services that cover a wide spectrum of compliance and advisory needs under both direct and indirect taxation laws. Our services are structured to ensure clients meet their statutory obligations accurately and timely, while optimizing their tax positions within the legal framework.

Our Taxation Services Include:

1. Income Tax Compliance and Filing:

• Preparation and filing of income tax returns for individuals, firms, LLPs, companies, trusts, and other entities

• Calculation of advance tax and self-assessment tax

• Handling TDS/TCS compliance, return filing, and reconciliation

• Support during income tax assessments and scrutiny proceedings

2. Tax Audit (as per Section 44AB):

• Audit of accounts for businesses and professionals exceeding specified turnover thresholds

• Verification and reporting of particulars in Form 3CD

• Filing of audit reports within statutory timelines

3. GST Compliance and Advisory:

• GST registration, amendment, and cancellation

• Filing of monthly/quarterly returns (GSTR-1, GSTR-3B, GSTR-9, etc.)

• Input Tax Credit (ITC) reconciliation

• Advisory on GST applicability, classification, invoicing, and reverse charge

• Handling GST audits, departmental queries, and notices

4. Tax Planning:

• Structuring transactions to ensure tax efficiency and legal compliance

• Personal and corporate tax planning

• Analysis of investment options with respect to tax impact

• Year-end tax projections and strategies

5. Representation Before Tax Authorities:

• Preparation and filing of responses to tax notices

• Assistance in appeals before CIT (Appeals) and ITAT

• Representation during assessment and reassessment proceedings

• Liaising with the GST department in cases of audit or inquiry

Indirect Taxes (Legacy Support):

While GST has subsumed most indirect taxes, we also assist with legacy issues and litigation under:

• Service Tax

• VAT / CST

• Excise Duty

• Professional Tax

Approach and Compliance:

• Adherence to Income Tax Act, 1961 and CGST Act, 2017

• Use of licensed and up-to-date tax computation tools

• Regular updates on statutory changes and implications

• Data privacy and documentation compliance