Direct Tax
Direct Tax Services by VNVA FinAdvisory
At VNVA FinAdvisory, we understand that navigating the complexities of income tax can be daunting. Our expert income tax consultants are here to provide tailored tax planning advice that suits your financial needs. Whether you’re an individual or a Hindu Undivided Family (HUF), Association of Persons (AOP), Partnership Firm, Company or any other body, we offer comprehensive income tax solutions designed to optimize your tax liabilities while ensuring compliance with the law. Our team stays updated with the latest tax regulations, enabling us to deliver effective strategies that minimize your tax burden. With our dedicated tax consultancy services, you can focus on what you do best while we handle your tax concerns. Let us help you achieve peace of mind with our reliable and professional income tax consultancy services.
Income Tax Consultancy
We cover the following aspects of Direct Tax Law in India :-
Taxability
- Applicable tax rates including special tax rates on specified incomes
- Alternate tax regimes for all assesses and its implications
- Calculation of taxable income from Business, Salary, Capital gain, house property and other sources
- Taxation of Dividend and deemed dividend
- Taxation in case of Amalgamation and Demerger
- Adjustments on account of Income Computation and Disclosure Standards (ICDS)
- Applicability of presumptive tax rates and tax audit
- Taxation of Partnership firms and transactions between firms and partners
- Taxability of Virtual Digital Assets (VDA)
Exemptions and Deductions
Exemptions and Deductions available from specific heads of income
- Deductions under Chapter VI
- Exemptions under Chapter III
Tax Liability
- Applicability of Minimum Alternate Tax (MAT)
- Advance tax liability
- Tax deduction/collection at source
- Clubbing of Income
- Set off and Carry forward of losses
- Applicability of General Anti Avoidance Rules (GAAR) and Impermissible Avoidance Arrangement (IAA)
- Tonnage Taxation
Returns Filing
Filing your Income tax and TDS returns can be a time-consuming task, especially for businesses with multiple transactions. At VNVA FinAdvisory, we specialize in ITR filing and TDS return preparation services to simplify the process for you. Our team of experienced tax filing consultants ensures that your Income Tax / TDS returns are filed accurately and on time, helping you avoid penalties and interest. With our expertise, you can trust that your tax obligations are in good hands, allowing you to concentrate on growing your business without the stress of tax compliance.
Following is the list of returns under Income Tax Act that we provide help with :-
Category : Income Tax Returns
| ITR Forms | Description |
| ITR-1 | For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50 lakhs, having Income from Salaries, One House Property, Other Sources, and Agricultural Income upto Rs.5 thousand. (Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares) |
| ITR-2 | For Individuals and HUFs not having income from profits and gains of business or profession. * An Individual who is either Director in a company or has invested in Unlisted Equity Shares and not having any income from business and profession is covered under this Form. |
| ITR-3 | For individuals and HUFs having income from profits and gains of business or profession. |
| ITR-4 | For Individuals, HUFs and Firms (other than LLP) being a Resident having Total Income upto Rs.50 lakhs and having income from Business and Profession which is computed under sections 44AD, 44ADA or 44AE (i.,e Presumptive Income) (Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares) |
| ITR-5 | For persons other than:- (i) Individual, (ii) HUF, (iii) Company and (iv) Person filing Form ITR-7 * LLP has covered under this Form. |
| ITR-6 | For Companies other than companies claiming exemption under section 11. * Section 11 related to “Income from property held for charitable or religious purposes”. |
| ITR-7 | For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D). * 139(4A) related to Income from property held for charitable or religious purposes. * 139(4B) related to income of Political party. * 139(4C) related to Income of person claiming deduction under section 10. * 139(4D) related to Income of every university, college or other institution referred to in clause (ii) and clause (iii) of sub-section (1) of section 35. |
Category : TDS Returns
| Form no | Particulars |
| 24Q | Statement of TDS deducted from Salaries |
| 26Q | Statement of TDS deducted from all payments except Salaries |
| 27Q | Statement of TDS deducted from Interest, dividend or any other sum payable to any Non- Resident. |
| 27EQ | Statement of TCS |
26AS Reconciliation
Understanding your Form 26AS is crucial for accurate tax filing. At VNVA FinAdvisory, we provide specialized 26AS reconciliation services to help you resolve discrepancies and ensure that your tax records are accurate. If you encounter errors in your Form 26AS, our experts are here to assist you with 26AS correction help, guiding you through the necessary steps to rectify any issues. We take the hassle out of the reconciliation process, ensuring that your tax filings reflect your true income and deductions. Trust us to provide clarity and support, so you can file your returns confidently and accurately.
This will give you following benefits :-
- Hassle free TDS reconciliation
- Timely report on exceptions and mismatches in books of accounts and 26AS
- Cost savings and better cash flows in terms of legally compliant TDS utilisation
- Saving of band-width on inhouse reconciliations
- Avoidance of litigations and implied costs
- MIS for timely actions on lost credit
Transfer Pricing and International Taxation
In today’s global economy, understanding international transfer pricing is essential for businesses operating across borders. VNVA FinAdvisory offers comprehensive transfer pricing documentation and audit services to ensure compliance with local and international regulations. Our experienced team will work with you to develop robust transfer pricing strategies that align with your business model while minimizing tax risks. We understand the complexities involved and provide tailored solutions that meet your specific needs. With our expertise in transfer pricing, you can navigate the intricacies of international tax law with confidence, ensuring your business remains compliant and competitive.
VNVA FinAdvisory also provides expert international tax advisory services, helping you understand the implications of cross-border transactions. We specialize in double taxation avoidance solutions, ensuring that you are not taxed twice on the same income. Our team also offers comprehensive cross-border tax planning to optimize your tax position in multiple jurisdictions. With our guidance, you can achieve global tax compliance and focus on growing your business internationally. Trust VNVA FinAdvisory to be your partner in navigating the complexities of international taxation, so you can thrive in the global market.
We cover the following aspects of Transfer Pricing and International Tax laws :-
- Evaluation of associated enterprise
- Computation of Arm’s length price
- Transfer pricing study
- Assistance in transfer pricing audit
- Evaluation of residential status of various assesses
- Taxable income of Non-residents
- Relief available under Double Taxation Avoidance Agreement (DTAA)
Why Choose VNVA FinAdvisory?
Expertise
A team of skilled professionals with years of experience.
Compliance Assurance
Adherence to all legal and regulatory requirements.
Tailored Solutions
Customized services to meet your specific needs.
Pan-India Reach
Serving businesses in Delhi, UP, and across the country.
Cost-Effective
Affordable services without compromising on quality.
Get Started Today!
At VNVA FinAdvisory, we are committed to making your tax experience seamless and stress-free. Contact us today to learn more about our direct tax services and how we can assist you in achieving your financial goals!