Returns, tax planning, TDS, advance tax and notices
Garry & Associates, Chartered Accountants, prepares and files income tax returns for individuals, businesses, professionals, NRIs, firms, companies and trusts in Madurai and across Tamil Nadu.
Beyond filing, we help you plan your taxes within the law, compare the old and new tax regimes, pay advance tax on time and respond to notices from the Income Tax Department.
Preparation and filing of returns for individuals, Hindu Undivided Families, firms, LLPs, companies and trusts.
Comparing the old and new tax regimes and using the deductions and exemptions available to you, within the law.
Estimating your income during the year and calculating advance tax instalments, to avoid interest.
Quarterly TDS returns (Forms 24Q, 26Q and 27Q), TCS returns, and issue of Form 16 and Form 16A.
Computing capital gains on property, shares and mutual funds, and the exemptions that may be available.
Replies to intimations, defective return notices and scrutiny notices, rectification requests and appeals before the Commissioner (Appeals).
Returns for non-resident Indians with income in India, and certification under Form 15CB for remittances abroad.
The exact list depends on your situation. We will confirm what is needed when you contact us. Please do not send documents through the website forms.
For most individuals whose accounts do not need to be audited, the due date is 31 July of the assessment year. For taxpayers whose accounts must be audited it is 31 October, and for those with transfer pricing reports it is 30 November. A belated or revised return can generally be filed up to 31 December. The government sometimes extends these dates, so please check with us.
The new regime is the default and has lower tax rates but allows fewer deductions. The old regime may still work out better if you have substantial deductions such as home loan interest, insurance and provident fund contributions. We calculate your tax under both and recommend the one that costs you less.
You can still file a belated return within the time allowed, but a late fee and interest may apply, and some losses cannot be carried forward. If the time for a belated return has passed, an updated return may be possible in some cases, with additional tax. Contact us as early as possible.
Most notices, such as an intimation after processing or a defective return notice, can be resolved quickly if answered within the time given. Do not ignore it. Send us a copy and we will explain what it means and prepare the response.
Yes. We file returns for non-resident Indians with income in India, such as rent, interest or capital gains, and help with tax on remittances and Form 15CB certification.
Yes. You can share documents with us securely and we can discuss everything by phone or video call.
Book a 30-minute appointment at our office in Madurai, by phone or by video call.