Income Tax Returns
T N K & COMPANY
Income Tax & Direct Tax Compliance
Income tax compliance is not limited to filing an annual income tax return. For businesses, professionals and individuals, it involves proper tax computation, advance tax planning, TDS/TCS compliance, tax audit coordination, responding to income tax notices, maintaining documentation and representing matters before tax authorities wherever required.
T N K & Company provides comprehensive income tax and direct tax services to individuals, proprietorship firms, partnership firms, LLPs, companies, start-ups, MSMEs, trusts, professionals and business owners.
Our direct tax services are designed to help clients meet statutory requirements, manage tax risks, maintain proper documentation and take informed decisions within the framework of applicable tax laws.
Our Income Tax Services Include
1. Income Tax Return Filing
We assist clients in preparing and filing accurate income tax returns based on their income sources, business structure and applicable tax provisions.
Our ITR filing services include:
- ITR filing for salaried individuals
- ITR filing for business owners and professionals
- ITR filing for proprietorship firms
- ITR filing for partnership firms and LLPs
- ITR filing for private limited companies
- ITR filing for directors and shareholders
- ITR filing for capital gains cases
- ITR filing for rental income
- ITR filing for foreign income and asset disclosure, where applicable
- Filing of revised returns
- Filing of belated returns
- Filing of updated returns, where applicable
2. Tax Computation and Tax Planning
We help clients compute their tax liability correctly and plan tax matters in advance.
Our tax planning support includes:
- Computation of taxable income
- Review of deductions and exemptions
- Selection of old tax regime or new tax regime, where applicable
- Advance tax computation
- Self-assessment tax calculation
- Capital gains tax computation
- Tax planning for business income
- Tax planning for professionals
- Tax planning for salary and other income
- Review of tax-saving investment options
- Year-end tax planning support
3. Advance Tax and Self-Assessment Tax Support
We assist taxpayers in estimating and paying taxes on time to avoid interest and compliance issues.
Our support includes:
- Advance tax liability computation
- Quarterly advance tax review
- Self-assessment tax calculation
- Interest calculation under applicable provisions
- Challan preparation assistance
- Review of tax paid details
- Matching of tax payments with Form 26AS / AIS / TIS
- Guidance on short payment or excess payment of tax
4. Tax Audit and Business Return Support
For businesses and professionals covered under tax audit requirements, we support proper preparation and coordination for tax audit-related filings.
Our services include:
- Tax audit applicability review
- Preparation support for tax audit
- Review of books of accounts
- Review of ledgers and financial statements
- Depreciation and fixed asset schedule review
- Related party transaction details
- Loan and deposit reporting support
- Cash transaction review
- TDS compliance review for tax audit
- Coordination for Form 3CA / 3CB and Form 3CD
- Business income tax return filing
5. Income Tax Notices and Department Replies
We provide drafting and response support for income tax notices and departmental communications.
Our services include:
- Income tax notice review
- Reply to defective return notices
- Reply to mismatch notices
- Reply to AIS / TIS mismatch queries
- Reply to e-verification notices
- Reply to notice under scrutiny assessment
- Reply to reassessment notices
- Reply to outstanding demand notices
- Rectification application support
- Response to refund-related queries
- Preparation of written submissions
- Compilation of supporting documents
6. Scrutiny Assessment and Representation
We assist clients in assessment proceedings before the income tax department.
Our support includes:
- Review of notice and issues raised
- Preparation of fact-based replies
- Drafting of written submissions
- Compilation of supporting evidence
- Review of books, ledgers and financial records
- Explanation of income, expenses and deductions
- Response to additions proposed by the department
- Personal hearing support, where required
- Representation before income tax authorities
- Post-assessment review of orders and demands
7. Appeals and Litigation Support
Where tax demands or additions are raised, we assist in appeal-related documentation and representation support.
Our services include:
- Review of assessment orders
- Demand analysis
- Appeal filing support
- Drafting of statement of facts
- Drafting of grounds of appeal
- Preparation of paper book and supporting documents
- Written submissions for appellate proceedings
- Stay petition support
- Rectification and revision application support, where applicable
- Coordination for further appellate remedies
8. Form 26AS, AIS and TIS Review
The Income Tax Department increasingly relies on data from Form 26AS, Annual Information Statement and Taxpayer Information Summary. Mismatches may lead to notices or incorrect tax demands.
We assist in:
- Form 26AS review
- AIS and TIS review
- Matching income with books and returns
- Matching TDS and TCS credits
- Identification of duplicate or incorrect entries
- Response to AIS feedback
- Review of high-value transactions
- Reconciliation of interest, dividend, securities and other reported transactions
- Documentation for mismatch explanations
9. TDS / TCS Advisory and Compliance Review
Though TDS can be shown as a separate service, it is also closely connected with direct tax compliance.
Our support includes:
- TDS applicability review
- TDS deduction review
- TDS payment support
- TDS return filing coordination
- TDS correction statement support
- Form 16 and Form 16A support
- TCS compliance review
- Lower deduction certificate support
- Review of TDS defaults and notices
- Reconciliation with Form 26AS and books
10. Capital Gains and Transaction Advisory
We assist clients in understanding tax implications on major transactions.
Our advisory includes:
- Capital gains computation on sale of property
- Capital gains computation on sale of shares and mutual funds
- Indexation and cost calculation support
- Review of exemptions under applicable provisions
- Tax implications on gifts and transfers
- Tax implications on sale of business assets
- Tax planning for property transactions
- Documentation support for high-value transactions
11. Business and Professional Tax Advisory
We provide tax support for businesses and professionals to ensure that income, expenses and deductions are properly reported.
Our services include:
- Business income computation
- Professional income computation
- Presumptive taxation review
- Expense allowability review
- Depreciation review
- Books of accounts review
- Partner remuneration and interest review
- Director remuneration tax review
- Tax impact review on business transactions
- Tax advisory for MSMEs and start-ups
12. Trust, NGO and Charitable Institution Tax Support
We assist trusts, NGOs and Section 8 entities with income tax compliance and exemption-related matters.
Our support includes:
- ITR filing for trusts and NGOs
- 12A / 12AB compliance support
- 80G compliance support
- Audit report filing support
- Accumulation and application of income review
- Tax compliance for charitable and religious trusts
- Response to income tax department notices
- Documentation for exemption-related proceedings
Common Income Tax Matters We Handle
| Area | Services Covered |
|---|---|
| ITR Filing | Individuals, firms, LLPs, companies, trusts and professionals |
| Tax Planning | Advance tax, capital gains, regime selection, deductions |
| Tax Audit | Applicability review, books review, Form 3CA / 3CB / 3CD support |
| Notices | Defective return, AIS mismatch, demand, scrutiny, reassessment |
| Assessments | Written submissions, documentation, representation |
| Appeals | Statement of facts, grounds of appeal, paper book, submissions |
| AIS / TIS | Data reconciliation, mismatch review, feedback support |
| TDS / TCS | Applicability, returns, correction, notices, reconciliation |
| Capital Gains | Property, shares, mutual funds, exemptions, documentation |
| Business Tax | MSMEs, start-ups, professionals and corporate taxpayers |
Who Can Avail Our Income Tax Services?
Our income tax and direct tax services are suitable for:
- Salaried individuals
- Business owners
- Professionals and consultants
- Proprietorship firms
- Partnership firms
- LLPs
- Private limited companies
- Start-ups
- MSMEs
- Directors and shareholders
- Investors with capital gains
- NRIs, where applicable
- Trusts, NGOs and charitable institutions
Why Choose T N K & Company?
At T N K & Company, our income tax practice focuses on accuracy, documentation, compliance discipline and practical tax advisory.
Our approach is supported by:
- Partner-led review in important matters
- Proper analysis of Form 26AS, AIS and TIS
- Structured documentation for notices and assessments
- Practical advisory for businesses, MSMEs and professionals
- Representation support before tax authorities
- Coordination between accounting, tax audit and return filing
- Focus on reducing avoidable tax risks and compliance gaps
Our Direct Tax Compliance Approach
Understand
We understand the client’s income sources, business model, transactions, books of accounts, tax history and compliance requirements.
Review
We review books, financial statements, Form 26AS, AIS, TIS, tax payments, deductions, exemptions and supporting documents.
Compute
We compute taxable income, tax liability, advance tax, self-assessment tax and applicable disclosures.
File
We assist in accurate and timely filing of income tax returns, tax audit forms and related direct tax compliances.
Represent
We support clients in income tax notices, assessments, rectifications, appeals and departmental communications.