Income Tax
Income Tax is one of the most critical aspects of financial management for individuals, professionals, and businesses in India. Every earning citizen and every profit-making entity must comply with income tax laws — not only to fulfill legal obligations but also to ensure financial discipline and long-term stability.
At Sinha & Associates, we have been providing Income Tax Services in Kolkata for over 25 years. As a Government Authorized Tax Practitioner, we help individuals, firms, NGOs, and corporates with tax planning, return filing, assessments, appeals, and compliance. Our goal is to minimize tax liability, maximize benefits, and ensure 100% compliance with the Income Tax Act.
Why Income Tax Compliance is Important
Legal Requirement – Mandatory for individuals and businesses with taxable income.
Avoid Penalties – Late or wrong filing can lead to penalties, interest, and scrutiny.
Financial Credibility – ITR (Income Tax Return) acts as proof of income for loans, visas, and tenders.
Tax Planning – Proper planning helps reduce tax burden.
Claiming Refunds – Filing returns allows you to claim excess TDS/TCS refunds.
Government Benefits – NGOs, trusts, and startups need IT compliance for registrations and approvals.
Our Income Tax Services
1. Income Tax Return (ITR) Filing
Filing for salaried individuals, professionals, NRIs, firms, and companies.
Assistance with ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7.
Filing of belated, revised, and rectified returns.
Support for Nil returns and loss returns.
2. TDS & TCS Compliance
Filing of TDS & TCS returns.
Advisory on deductions and deposit deadlines.
Rectification of defaults in TDS statements.
TAN registration and management.
3. Tax Assessments & Scrutiny Proceedings
Assistance in scrutiny cases by Income Tax Department.
Drafting replies, submitting evidence, and attending hearings.
Representing clients before tax authorities.
4. Registrations & Approvals
PAN & TAN Registration.
12A & 80G Registration for NGOs.
Darpan Registration for social organizations.
5. Tax Planning & Advisory
Personalized tax planning for individuals and businesses.
Advisory on advance tax, tax-saving investments, and deductions.
Tax efficiency strategies for corporates and startups.
6. Corporate Taxation
Filing of corporate tax returns.
Advisory on MAT, AMT, and dividend taxation.
Handling transfer pricing compliance.
7. Litigation & Appeals Support
Handling cases before CIT (Appeals), ITAT, and higher authorities.
Drafting appeals and petitions.
Assistance in refunds and demand notices.
Who Needs Our Income Tax Services?
Salaried Employees & Professionals – For accurate return filing and refunds.
Business Owners & MSMEs – For tax planning, TDS compliance, and scrutiny.
Startups & Corporates – For structured tax strategies and corporate compliance.
NGOs, Societies & Trusts – For registration under 12A & 80G.
NRIs – For taxation of foreign income, investments, and Indian earnings.
Documents Required for ITR Filing
PAN & Aadhaar card.
Salary slips & Form 16 (for salaried individuals).
Bank account details & statements.
Investment proofs (LIC, PPF, ELSS, FD, etc.).
Home loan certificate & rent receipts.
Business books of accounts & GST details (for firms/companies).
Audit reports (if applicable).
Our Process
Consultation – Understanding income sources and tax liability.
Document Verification – Checking Form 16, bank details, investments, and expenses.
Tax Computation – Calculating taxable income and deductions.
ITR Filing – Filing accurate returns on the income tax portal.
Acknowledgement – Sharing ITR-V acknowledgement with client.
Post-Filing Support – Tracking refunds and handling notices.
Common Income Tax Challenges (and How We Solve Them)
Mismatch in Form 26AS & ITR → We reconcile TDS/TCS credits.
Delayed filing penalties → We file on time and advise on advance planning.
Scrutiny notices → We draft strong responses and represent clients.
Complex income sources → We simplify tax computation for multiple sources.
Refund delays → We assist in follow-ups and rectification.
Benefits of Choosing Sinha & Associates for Income Tax Services
25+ years of experience in taxation and financial compliance.
Government Authorized Tax Practitioner.
Expertise in individual, business, and corporate taxation.
Complete end-to-end support — from registration to litigation.
Trusted by hundreds of clients across Kolkata and India.
FAQs – Income Tax Services
Q1. What is the last date for filing ITR?
Generally 31st July for individuals and 31st October for audit cases (may change as per government notifications).
Q2. Can I file ITR without Form 16?
Yes, using salary slips, bank statements, and Form 26AS.
Q3. Is ITR filing mandatory for income below ₹2.5 lakhs?
Not mandatory, but recommended for record-keeping, loan approvals, and refunds.
Q4. How long does it take to get an income tax refund?
Usually within 1–3 months, depending on IT department processing.
Q5. Do NRIs have to file ITR in India?
Yes, if they earn taxable income in India.
Q6. What happens if I don’t file ITR?
Penalty up to ₹5,000, interest charges, loss of refund, and possible scrutiny.
Why Choose Sinha & Associates for Income Tax?
Personalized tax planning for individuals, corporates, and NGOs.
Expert representation before Income Tax Authorities.
Assistance in tax savings and refund maximization.
Transparent, affordable, and professional services.
A trusted name in Kolkata for over 25 years.