Practice Vertical II • Income-tax Act, 1961

Direct Taxation & Representation

Comprehensive income-tax advisory, return compliance, withholding tax governance, and structured representation before Faceless Assessment and Appellate Authorities.

Executive Scope Overview

Corporate, Partnership, LLP, Trust, and HNI Income Tax Return (ITR) preparation with thorough AIS/TIS and Form 26AS reconciliation.
Drafting technical submissions and replies for Scrutiny Notices u/s 143(2), Reassessment Proceedings u/s 148A/148, and Faceless Appeals before CIT(A) / NFAC & ITAT.
End-to-end TDS & TCS compliance (Forms 24Q, 26Q, 27Q, 27EQ), TRACES default resolution, and Lower/Nil Deduction Certificates u/s 197.
Evaluation of Corporate Tax Regimes (Section 115BAA / 115BAB) and Partnership remuneration/interest amendments (Section 40(b) & 194T).

Detailed Engagement Deliverables

Mandate 01

Corporate & Non-Corporate Return Filing

Computation of total income, MAT/AMT evaluations, deferred tax workings, capital gains computations, and timely electronic filing of ITR-3, ITR-5, ITR-6, and ITR-7.

Mandate 02

Faceless Scrutiny & Appellate Representation

Fact-backed legal and accounting submissions in response to notices u/s 133(6), 142(1), 143(2), and 148, along with Statement of Facts and Grounds of Appeal in Form 35 before the National Faceless Appeal Centre (NFAC) and ITAT.

Mandate 03

Withholding Tax (TDS / TCS) Management

Monthly deduction reviews across domestic payments (194C, 194J, 194Q, 194I, 194H, 194T) and foreign remittances (195), quarterly e-TDS filings, and rectification of historical TRACES demands.

Mandate 04

Transaction & Restructuring Tax Advisory

Tax implications of business succession, partnership reconstitution (Section 9B & 45(4)), slump sales, buybacks, and family/corporate arrangements.

Frequently Asked Statutory Questions

How should discrepancies between Books of Account and AIS / Form 26AS be addressed?

Before filing the Income Tax Return, every line item in the Annual Information Statement (AIS), Taxpayer Information Summary (TIS), and Form 26AS should be reconciled with revenue ledgers and TDS receivable schedules, submitting structured AIS feedback where third-party reporting errors exist.

Do you assist with Faceless Assessment notices under Section 143(2) or Section 148?

Yes. Our Direct Tax practice prepares indexed paper-books, ledger reconciliations, documentary evidence schedules, and judicial precedent notes for submission on the Income Tax e-Proceedings portal and video-conferencing hearings.