Domestic tax compliance is the foundation of responsible business operations in India. It encompasses all statutory obligations including income tax return filing, TDS/TCS compliance, advance tax payments, and tax audit requirements. Our comprehensive domestic tax compliance services ensure your business meets all deadlines and maintains proper documentation as mandated by the Income Tax Act, 1961. We help businesses navigate the complexities of tax laws, minimize liabilities through legitimate planning, and maintain clean compliance records that stand up to scrutiny during assessments or audits.
"Timely tax compliance is not just a legal obligation—it's a cornerstone of business integrity that builds trust with stakeholders and ensures sustainable growth."
Our tax compliance services cover the complete spectrum from individual ITR filing to complex corporate tax management. We handle TDS return preparation and filing (Forms 24Q, 26Q, 27Q, 27EQ), advance tax calculations, tax audit under Section 44AB, transfer pricing documentation, and representation before tax authorities. Our team stays updated with the latest amendments, circulars, and notifications to ensure your compliance is always current and accurate.
We provide end-to-end domestic tax compliance services that ensure timely filing, accurate calculations, and complete documentation. Our proactive approach helps identify tax-saving opportunities while maintaining full compliance with regulatory requirements and deadlines.
Domestic tax compliance includes Income Tax Return (ITR) filing for individuals and businesses, TDS/TCS return preparation and filing, advance tax calculations, tax audit under Section 44AB, transfer pricing documentation, and representation before tax authorities. We also assist with tax planning, responding to notices, and managing assessments.
TDS returns must be filed quarterly. For Q1 (April-June), Q2 (July-September), and Q3 (October-December), the due date is the 31st of the month following the quarter. For Q4 (January-March), the due date is May 31st. Late filing attracts penalties of ₹200 per day under Section 234E.
Tax audit is mandatory if business turnover exceeds ₹1 crore (₹10 crore for digital transactions exceeding 95%) or professional receipts exceed ₹50 lakhs. It's also required when opting out of presumptive taxation schemes with taxable income above basic exemption limit. The audit report must be filed by September 30th.
Non-compliance penalties include: late ITR filing fee up to ₹5,000, interest at 1% per month on unpaid tax, penalty up to 50-200% for tax evasion, TDS default penalties of ₹200/day plus interest, and prosecution for serious offenses. Maintaining timely compliance helps avoid these substantial financial and legal consequences.
Legal tax planning strategies include claiming all eligible deductions under Section 80C-80U, utilizing presumptive taxation schemes, proper timing of income and expenses, claiming depreciation and business expenses, investing in tax-saving instruments, and choosing the appropriate tax regime (old vs new). Our experts help identify the best strategies for your situation.
