Questions, answered.

It depends on where your income comes from. As a rough guide:

• ITR-1 for resident individuals with salary, one house property and interest income, within the income limit.
• ITR-2 if you also have capital gains, more than one house property, foreign assets or income above the ITR-1 limit.
• ITR-3 if you have business or professional income.
• ITR-4 if you opt for presumptive taxation as a small business or professional.

Filing under the wrong form can make a return defective or cost you a refund. Share your Form 26AS and AIS with us and we will pick the right one.

as of 01-10-2026

For most individuals and businesses that do not need an audit, the usual due date is 31 July after the financial year ends. Where an audit is required, it is normally 31 October. The government can extend these dates, so we track the live date for every client.

as of 01-10-2026

You can usually still file a belated return before the final cut-off date, but a late fee applies, interest may be charged on tax due, and some losses cannot be carried forward. The sooner you file, the smaller the cost. If you have already missed it, send us your details and we will explain your options.

as of 01-10-2026

Generally, if your tax payable for the year after TDS is above ₹10,000, advance tax applies and is paid in instalments during the year. Salaried people with only salary income usually do not need it, because TDS covers it, but freelance income, rent, interest or capital gains can change that. We calculate it for you and remind you of the dates.

as of 01-10-2026

Look at your Form 26AS and Annual Information Statement (AIS) on the income tax portal, and compare them with your salary slips, bank interest certificates and Form 16. Mismatches are a common cause of refund delays and notices, so it is worth checking before you file. We reconcile this for every return we prepare.

as of 01-10-2026

It depends on your deductions. The new regime has lower rates but allows fewer deductions, while the old regime suits people who claim a lot, such as home loan interest, insurance and investments. Comparing both with your real numbers takes only a few minutes, and we do it for you each year.

as of 01-10-2026

Not necessarily. Many notices come from small mismatches, such as between your return and the department’s data, and can be cleared with a proper reply. What matters is to read the notice carefully, note the reply date and not ignore it.

Share a copy with us in confidence and our team will verify it, draft the response and represent you before the authorities.

as of 01-10-2026

It is an automatic summary sent after your return is processed. It shows whether the department agrees with your figures and whether you get a refund or owe tax. Check it against your return. If it matches, nothing more is needed unless tax is due. If it does not, you can file a rectification or response online.

as of 01-10-2026

The deadline is written on the notice itself, and it varies by type, often between 7 and 30 days. Replies are usually filed online, so do not wait for the last day. A request for more time can be made, but it is never guaranteed.

as of 01-10-2026

A clear copy of the notice and any attachments, the return or filing it refers to, and the related records, such as invoices, bank statements or Form 26AS. Please do not reply to the department first. Send it to us and we will tell you exactly what is needed.

as of 01-10-2026

It depends, and we will say so honestly. As a general rule, registration is required once your yearly turnover crosses the threshold, which is ₹40 lakh for goods and ₹20 lakh for services in most states. It is also required regardless of turnover if you sell goods across state borders, sell through certain online platforms or fall under other special categories.

Voluntary registration can help you claim input tax credit and work with larger clients, but it adds compliance. Thresholds and exceptions change, so tell us how you operate and we will give honest advice.

as of 01-10-2026

For monthly filers, GSTR-1 (details of sales) is usually due on the 11th and GSTR-3B (summary and tax payment) on the 20th of the following month. Businesses in the quarterly scheme file on different dates. Dates can change by notification, so we track the live ones for our clients.

as of 01-10-2026

A late fee is charged for each day of delay, up to a cap, and interest applies on any tax paid late. Repeated non-filing can lead to notices, blocked e-way bills and even cancellation of the registration. File as soon as you can, even if late, and ask us to work out the exact amount.

as of 01-10-2026

No. Credit is generally allowed only when you hold a valid tax invoice, the goods or services are used for business, and your supplier has filed their own return. Some expenses are not eligible at all. We review your purchase data each month so you claim what you should and avoid notices.

as of 01-10-2026

It can make sense. If your customers are businesses that want to claim credit, or you want to sell across states or on online marketplaces, registration may be needed or helpful. If you sell only to individuals in your own state, it may just add paperwork. We will look at your customers and costs before recommending it.

as of 01-10-2026

The right structure depends on the number of owners, whether you want outside investment, how much protection from personal liability you need and how much compliance you are comfortable with. Try our short guide for the closest fit, and we will confirm it with you before anything is filed.

Usually one to two weeks once we have all the documents, depending on name approval and government processing times. A sole proprietorship or partnership can be quicker. We give you a realistic timeline at the start and handle each step.

Usually the PAN and Aadhaar of each director or partner, passport-size photos, address proof, and proof of the registered office, such as a rent agreement and a recent utility bill. We send a checklist for your structure so you only gather what is needed.

Regular obligations include holding board and general meetings, maintaining statutory registers, filing the annual financial statements and annual return with the Registrar, filing income tax returns, and director KYC where required. Missing them brings penalties and can affect directors, so many clients hand these to us under a yearly plan.

as of 01-10-2026

It depends on your structure and turnover. Companies must be audited every year. For other businesses, a tax audit applies once turnover or receipts cross the limits set in the Income Tax Act, which differ for businesses and professionals and can depend on cash transactions. LLPs have audit limits of their own. Tell us your structure and turnover and we will confirm.

as of 01-10-2026

Yes. Even small businesses need proper records to file GST and income tax correctly, apply for loans and stand up to scrutiny. Good books also show you what is really making money. We can handle it fully or supervise your in-house accountant.

CMA data is a standard set of financial statements and projections that banks use to assess working capital and term loan requests. Banks ask for it when you apply for or renew limits such as overdraft or cash credit. We prepare it, along with projections and a project report if needed.

Fees depend on the work involved, your turnover and the number of transactions. There is no fixed price list. We recommend only what you actually need, and you will get a clear written quote before we start. You can also begin with a single service and add more later. Our Packages page shows what we usually recommend for different kinds of business.

Send us a message on WhatsApp or email, or use the contact page. A member of our team will arrange a short call, understand your needs and agree the work and the fee with you before we begin. We usually reply within one working day.

Usually straight away on working days, by WhatsApp, phone or email. On Sundays and holidays we still reply, but more slowly. If something is urgent, such as a notice with a close reply date, say so in your first message.

Yes. We serve clients across Kerala and India, and most work can be done online through calls, email and shared documents. You are also welcome to visit our office in Chullickal, Kochi.

Yes. Client information is treated as confidential and used only for the work you have engaged us for. Please see our Privacy policy for details, and avoid sending sensitive documents until we have agreed to work together.