CA Services
Direct Tax Consulting
Direct tax planning is a year-on-year process, not a March scramble — using the exemptions and deductions actually available to you, and keeping the deduction and filing machinery running on time.
Overview
What this covers
Direct tax consulting enables individuals and businesses to use available exemptions and deductions to reduce tax liability, and to plan legal investments in tax-saving instruments. It works best as a continuous process rather than a year-end exercise.
Sarvam Associates provides tax planning consultation covering capital gains, income computation, tax liability and related advisory — for individuals and for corporates.
In detail
How we work on it
Planning and advisory
- Income tax planning for individuals and corporates
- Review of taxation responsibilities
- Advance tax computation
- Taxation of financial instruments — equity shares, bonds and mutual funds
- Advisory support with updates on amendments, circulars, notifications and judgments
TDS — deduction, deposit and returns
TDS is tax deducted at source: tax is withheld from specified payments and deposited with the government periodically. Deducting requires a TAN, and entities holding a TAN must file quarterly TDS returns.
If your organisation has received a notice from the TDS department, we handle that too — including for clients with substantial demands raised against them.
- Verifying vendor payments for correct tax deduction
- Computing monthly TDS and reconciling TDS due against TDS deducted
- Preparing and depositing monthly challans within statutory timelines
- Filing quarterly e-TDS returns
- Annual income tax and professional tax returns
Document collection
We collect the information and documents needed to prepare the return for your business.
Return preparation
We compute your TDS payments and prepare the return for your review and approval.
Return filing
Once you have verified and approved it, we file the return with the Income Tax department.
Income tax return filing
Send us the documents and our team takes care of the rest. Your draft return comes back to you with a checklist; nothing is filed until you confirm it over email.
- Salary income, including multiple Form 16s from different employers
- Income from house property
- Capital gains from property and shares
- Income from business or partnership firms
- Income from other sources — dividend, bank interest and similar
- Pension and agricultural income
- Clubbing of income — spouse, minor child and similar cases
- Verification of return data against the Form 26AS record, so mismatches do not become notices
EPF returns
Every employer with 20 or more employees must register with the Employees Provident Fund Corporation, and registered entities must then file EPF returns. Returns are due half-yearly.
We compute EPF payments, prepare and file the return, and keep the business compliant with EPF regulation.
NRI and foreign income
For NRIs, residents with foreign income and foreign citizens, the first question is usually residential status — and everything else follows from it.
- Determination of your residential status in India
- Compliance with the Income-tax Act, 1961
- Application for a Permanent Account Number (PAN)
- Filing of the India tax return
- Advising on suitable tax-saving investments
Who it's for
You'll get the most out of this if…
- Salaried individuals, including those with more than one Form 16
- Business owners and partnership firms
- Organisations with TDS obligations, or facing a TDS notice
- Employers with 20 or more employees
- NRIs, foreign citizens and residents with income outside India
Important information
The content on this website is for general information only and does not constitute investment advice or a recommendation to buy or sell any product. Product suitability depends on your individual circumstances. Please speak with an advisor before investing.
Also from the practice
The rest of what we do
GST & Indirect Taxation
Registration, monthly and annual returns, reconciliation and advisory on indirect tax.
Audit & Assurance
Statutory, internal, management, due diligence and tax audit for businesses and professional practices.
Insurance Solutions
Life, health and business protection, advised alongside the wealth plan rather than separately.
Next step
Let's look at your actual situation.
Fifteen minutes on a call, no obligation. Bring the notice, the spreadsheet or the question you've been putting off.
Important information
Mutual Fund investments are subject to market risks. Read all scheme related documents carefully before investing.
Sarvam Associates is a distribution partner, not the manufacturer of these products.
The content on this website is for general information only and does not constitute investment advice or a recommendation to buy or sell any product. Product suitability depends on your individual circumstances. Please speak with an advisor before investing.