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Tax Services: Income Tax, GST and TDS

We handle direct and indirect tax work for individuals, families, firms, LLPs and companies: structuring and planning, routine filing, and representation when the tax department raises a query. Our aim is that tax is planned before the year ends, filed correctly and on time, and defended properly if questioned.

India’s income tax law is moving from the Income-tax Act, 1961 to the Income-tax Act, 2025, which applies from 1 April 2026. We help clients understand what the change means for their filings, forms and deductions.

Who this is for

  • Salaried individuals, professionals and business owners filing income tax returns
  • Firms, LLPs and companies needing year-round income tax, GST and TDS compliance
  • Businesses that have received a notice, demand or scrutiny from the income tax or GST department
  • Employers and businesses that must deduct and deposit TDS or collect TCS

What our tax services cover

  • Income tax returns: preparation and filing for individuals, HUFs, firms, LLPs, companies and trusts, including capital gains, rental income, business income and foreign income
  • Tax planning and structuring: reviewing income, investments and business structure before year-end, choosing between the old and new tax regimes, and planning advance tax
  • Tax audit: tax audits for businesses and professionals whose turnover or receipts cross the prescribed limits
  • TDS and TCS compliance: computing and depositing TDS/TCS, quarterly TDS returns, TDS certificates, corrections and lower-deduction certificate applications
  • GST compliance: GST registration, monthly and quarterly returns, annual returns and reconciliation statements, e-invoicing and e-way bills, and input tax credit reconciliation
  • Professional tax: professional tax registration and returns, including for businesses with branches in more than one state
  • Notices and representation: replying to income tax and GST notices, handling assessments and scrutiny, and filing appeals before the appellate authorities

How we work

  1. We review last year’s returns and this year’s income or turnover
  2. We agree a filing calendar and the documents needed
  3. We prepare computations and returns and share them for your approval before filing
  4. We file, track refunds or demands, and keep records for future reference
  5. If a notice arrives, we assess it, draft the reply and represent you

Frequently asked questions

Which income tax return form do I need?

The form depends on your income sources. Salaried individuals with simple income use the simplest form, while those with capital gains, foreign assets, business or professional income need other forms. Using the wrong form can make the return defective, so we confirm the correct one before filing.

Should I choose the old or the new tax regime?

The new regime has lower rates but allows very few deductions. The old regime can work out better if you claim large deductions such as housing loan interest or significant investments. We calculate your tax under both and recommend the lower one.

When is GST registration mandatory?

GST registration is generally required once aggregate turnover crosses the threshold, which for most states is ₹40 lakh for goods and ₹20 lakh for services. Some businesses must register regardless of turnover, such as those making inter-state supplies of goods or selling through e-commerce platforms.

I have received an income tax or GST notice. What should I do?

Do not ignore it, and do not reply in a hurry. Note the deadline, then have the notice reviewed to understand what is being asked and why. Most notices can be resolved with a clear reply and supporting documents. We can review the notice and prepare the response.

What happens if TDS is deducted but not deposited or reported correctly?

Late deposit attracts interest, late filing of TDS returns attracts fees, and errors mean the deductee cannot see the credit against their PAN. We file corrections and reconcile TDS records to fix these issues.

Related services

Further reading

Talk to us

NRAM & Co. (ICAI Firm Registration No. 023031S) is a firm of Chartered Accountants based in Madhapur, Hyderabad. To discuss tax services, call +91 91771 74999 or +91 70971 43665, email info@nramco.com, or use the contact form. Office hours are Monday to Saturday, 9 AM to 7:30 PM. Answers to other common questions are on our FAQ page.

This page gives general information only and is not professional advice for any specific situation. Tax and regulatory rules change often; please consult us before acting on any of it.