Rated 4.9/5 by 312+ Chennai clientsZero penalty record across all filings24-hour response · WhatsApp-first supportOffices: Alapakkam, Maduravoyal & Nerkundram15+ years of expert tax consulting in Chennai500+ active clients across 540+ Chennai areasRated 4.9/5 by 312+ Chennai clientsZero penalty record across all filings24-hour response · WhatsApp-first supportOffices: Alapakkam, Maduravoyal & Nerkundram15+ years of expert tax consulting in Chennai500+ active clients across 540+ Chennai areas
Professional Income Tax Advisory in Pallikaranai, Chennai by qualified experts. 15+ years experience, zero-penalty track record. Offices at Alapakkam, Maduravoyal & Nerkundram. Call 9566-068-468 for free consultation.
SectionSection 80D Income Tax Act 1961 — Health insurance premium deduction — ₹25,000 self/family, ₹50,000 for senior citizens, ₹5,000 preventive check
NotificationFinance Act 2024 — Section 115BAC amendment — Standard deduction under new regime increased from ₹50,000 to ₹75,000 effective AY 2025-26
NotificationCBDT Notification dated 22-Apr-2024 — AIS (Annual Information Statement) scope expanded — now includes savings account interest, dividend, MF transa
Relevant Court Rulings
Supreme Court (2023)
Apex Court on Section 14A (2023)... — Disallowance under Section 14A cannot exceed exempt income earned during year. CBDT Circular post-judgment clarified Rule 8D disallowance is subject to this cap
Madras HC (2024)
Dr. M. Ananda Kumar v. PCIT (2024)... — Reassessment under Section 148A requires tangible material — vague or general information is insufficient. Live link must exist between material and escaped inc
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Income Tax Advisory in Pallikaranai — Plans & Pricing
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Pallikaranai is a growing area in south Chennai near IT corridors and the wetland reserve.
FilingPro serves Pallikaranai clients for Income Tax Advisory completely remotely — share documents via WhatsApp to 9566-068-468. Our team understands the specific compliance and business environment of Pallikaranai, Chennai. Call for a free consultation today.
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Income Tax Advisory in Pallikaranai — Complete Guide
Income Tax Advisory in Pallikaranai by qualified professionals — FilingPro Pallikaranai provides expert Tax Advisory services for businesses and individuals across Chennai. Accurate, on-time service with 15+ years of experience, zero-error track record, and WhatsApp-first support. Starting from Advisory from ₹1,500. Pallikaranai is a growing area in south Chennai near IT corridors and the wetland reserve — making Pallikaranai a key market for professional Tax Advisory services in Chennai.
Income Tax Advisory in Pallikaranai
Income Tax Advisory in Pallikaranai delivers expert Tax Advisory service with qualified professionals and zero-error track record.
Tax Advisory Consultant in Pallikaranai
A qualified Tax Advisory consultant in Pallikaranai handles every aspect of your tax advisory requirement efficiently.
Expert Tax Advisory Service in Pallikaranai
Professional Tax Advisory service in Pallikaranai with 15+ years of experience and 4.9★ client rating.
Tax Advisory Professional in Pallikaranai, Chennai
A certified Tax Advisory expert in Pallikaranai ensures complete compliance, accurate filing, and maximum benefit for your business.
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Qualified professionals handle your Tax Advisory in Pallikaranai. WhatsApp documents — we begin within 24 hours. Advisory from ₹1,500. Free consultation.
You can file belated returns (within the assessment year) and updated returns (ITR-U within 2 years from end of AY) for previous years.
ITR-1 Sahaj filed for salaried employees with total income up to ₹50 lakh
Senior citizen extra deduction ₹50,000 under Section 80TTB verified
People Also Ask — Tax Advisory in Pallikaranai
How is the income tax refund processed?
After ITR filing and e-verification, CPC (Centralized Processing Centre) Bengaluru processes the return. If excess TDS has been deducted, the refund is directly credited to the bank account registered on the IT portal (IFSC, account number verified).
What happens if I receive an income tax notice?
Income tax notices include: 139(9) defective return, 143(1)(a) intimation for adjustments, 143(2) scrutiny selection, 148 reassessment and 271(1)(c) penalty. Each has a specific response timeline. FilingPro responds to all notices within 48 hours wit
What is the penalty for late ITR filing?
Filing ITR after July 31 (before December 31) attracts Section 234F late fee of ₹5,000 (income above ₹5 lakh) or ₹1,000 (income ≤ ₹5 lakh). Additionally, you lose the right to carry forward losses (except house property loss). After December 31, only
What is Section 87A rebate?
Section 87A provides a tax rebate of up to ₹12,500 if total taxable income does not exceed ₹5 lakh under the old regime, and ₹25,000 if income does not exceed ₹7 lakh under the new regime (from FY 2023-24). If eligible, your entire tax liability is w
What is the tax on dividends received?
Dividends are taxable in the hands of the recipient at applicable slab rates from FY 2020-21. TDS of 10% is deducted on dividends above ₹5,000 from Indian companies. Foreign dividends are taxable at slab rate. FilingPro ensures all dividend income is
What is Section 80C and what are the eligible investments?
Section 80C allows deductions up to ₹1.5 lakh per year for: EPF/PPF contributions, LIC premium, ELSS (equity mutual funds), NSC, 5-year tax-saving FD, home loan principal repayment, Sukanya Samriddhi, ULIP and tuition fees for 2 children. FilingPro i
“Excess TDS deducted by my employer. FilingPro filed with maximum deductions and I got ₹25 refund in 28 days. Excellent and fast service.”
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Akilandeswari T
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“ESOP income from my employer made ITR complicated. FilingPro handled the perquisite computation and subsequent capital gains schedule perfectly. Very knowledgeable team.”
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Sivaprakash R
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“FilingPro identified deductions worth ₹35 that I had been missing for years — NPS 80CCD, 80D for parents, HRA computed correctly. Regime comparison saved me even more.”
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Ponnusamy R
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“Missed filing last year. FilingPro filed both current and previous year ITR (belated), computed the late fee and ensured both years are regularised. Clean tax record restored.”
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Kulandaisamy T
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“FilingPro's AIS review caught a ₹35 FD interest entry I had forgotten. Included it correctly in ITR — prevented a potential notice while still maintaining all my deductions.”
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“Had arrears from previous employment. FilingPro filed Form 10E before ITR and claimed full Section 89 relief. Saved significant tax on the lump-sum arrear payment.”
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Common questions from Pallikaranai clients. Call 9566-068-468 for specific queries.
Filing ITR after July 31 (before December 31) attracts Section 234F late fee of ₹5,000 (income above ₹5 lakh) or ₹1,000 (income ≤ ₹5 lakh). Additionally, you lose the right to carry forward losses (except house property loss). After December 31, only updated return (ITR-U) is available with 25-50% additional tax.
Section 80C allows deductions up to ₹1.5 lakh per year for: EPF/PPF contributions, LIC premium, ELSS (equity mutual funds), NSC, 5-year tax-saving FD, home loan principal repayment, Sukanya Samriddhi, ULIP and tuition fees for 2 children. FilingPro identifies all eligible 80C investments for each client.
Yes — you can pay rent to parents and claim HRA exemption. The rent must be actually paid (preferably by bank transfer), a rent agreement must exist, and your parents must declare the rental income in their ITR. If annual rent exceeds ₹1 lakh, parent's PAN must be quoted. FilingPro structures this correctly.
FilingPro reconciles every item in AIS and Form 26AS against documents provided, discloses all income correctly, claims only verified deductions with supporting documents, files using the correct ITR form and e-verifies immediately. This multi-layer review virtually eliminates post-filing notice risk.
Section 87A provides a tax rebate of up to ₹12,500 if total taxable income does not exceed ₹5 lakh under the old regime, and ₹25,000 if income does not exceed ₹7 lakh under the new regime (from FY 2023-24). If eligible, your entire tax liability is waived. FilingPro always checks and claims 87A rebate.
Dividends are taxable in the hands of the recipient at applicable slab rates from FY 2020-21. TDS of 10% is deducted on dividends above ₹5,000 from Indian companies. Foreign dividends are taxable at slab rate. FilingPro ensures all dividend income is correctly reported with TDS credit in the ITR.
Capital gains arise when you sell assets at a profit. Short-term capital gains (STCG) on equity/MF (holding < 1 year) are taxed at 20% from FY 2024-25. Long-term capital gains (LTCG) on equity above ₹1.25 lakh are taxed at 12.5% without indexation. Property LTCG is taxed at 12.5% without indexation or 20% with indexation.
The due date for filing ITR for individuals (non-audit cases) is July 31 of the Assessment Year. For audit cases, it is October 31. Filing after July 31 but before December 31 attracts a late fee of ₹5,000 under Section 234F (₹1,000 if income ≤ ₹5 lakh). After December 31, only ITR-U (updated return) is available.
Form 10E is mandatory when claiming Section 89(1) relief on salary arrears received in the current year. This relief prevents paying excess tax on lump-sum arrear receipts by spreading the income over the years to which it relates. Form 10E must be filed on the IT portal BEFORE filing the ITR, otherwise the claim is disallowed.
Old regime allows deductions (80C, 80D, HRA, home loan interest) but has higher slab rates. New regime (default from FY 2023-24) has lower rates with limited deductions (only standard deduction ₹75,000 and employer NPS). FilingPro computes both and recommends the regime that results in lower tax for each client.
After ITR filing and e-verification, CPC (Centralized Processing Centre) Bengaluru processes the return. If excess TDS has been deducted, the refund is directly credited to the bank account registered on the IT portal (IFSC, account number verified). Accurate AIS/26AS matching results in refund within 30 days.
Income tax notices include: 139(9) defective return, 143(1)(a) intimation for adjustments, 143(2) scrutiny selection, 148 reassessment and 271(1)(c) penalty. Each has a specific response timeline. FilingPro responds to all notices within 48 hours with complete documentary support and legal arguments.
Section 44AD allows small businesses (turnover up to ₹3 crore with 95%+ digital receipts or ₹2 crore otherwise) to declare 8% (6% for digital receipts) of turnover as income without maintaining books. Section 44ADA allows professionals (receipts up to ₹75 lakh) to declare 50% of receipts as income.
Section 24(b) allows deduction of home loan interest — up to ₹2 lakh per year for self-occupied property (construction completed within 5 years of loan). For let-out property, full interest is allowed as deduction. Pre-EMI interest is deductible in 5 equal instalments after construction completion.
ITR-1 (Sahaj): Salary + one house property + other sources, income below ₹50 lakh. ITR-2: Salary + capital gains + multiple properties, income above ₹50 lakh, or foreign income. ITR-3: Business/professional income + any of above. ITR-4 (Sugam): Presumptive income under 44AD/44ADA/44AE.
Professional Income Tax Advisory in Pallikaranai, Chennai. Call @ 9566-068-468. Offices at Alapakkam, Maduravoyal & Nerkundram. 15+ years experience, 4.9★ rated.
FilingPro Chennai — 15+ Years of Expert Tax & Business Consulting. Offices at Alapakkam, Maduravoyal & Nerkundram, Chennai. Call @ 9566-068-468. Disclaimer: Information on this page is for general guidance only and does not constitute legal, financial or tax advice. Consult a qualified professional for specific advice.