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 Vadapalani, Chennai by qualified experts. 15+ years experience, zero-penalty track record. Offices at Alapakkam, Maduravoyal & Nerkundram. Call 9566-068-468 for free consultation.
NotificationCBDT Notification dated 22-Apr-2024 — AIS (Annual Information Statement) scope expanded — now includes savings account interest, dividend, MF transa
SectionSection 139 Income Tax Act 1961 — Return of income — due date July 31 for individuals, October 31 for audit cases, December 31 for TP cases
NotificationFinance Act 2024 — Section 87A rebate — Section 87A rebate of ₹25,000 available under new regime for income up to ₹7 lakh (total income, not taxable)
Relevant Court Rulings
Supreme Court (2022)
Checkmate Services v. CIT (2022) 448 ITR 518 (SC)... — Employees PF deposited after PF statutory due date not deductible under Section 36(1)(va) — even if deposited before ITR due date. Statutory deadline of PF Act
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
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Income Tax Advisory in Vadapalani — Plans & Pricing
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Vadapalani is a major commercial hub in west Chennai with the Murugan Temple and film industry cluster.
FilingPro serves Vadapalani 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 Vadapalani, Chennai. Call for a free consultation today.
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Income Tax Advisory in Vadapalani — Complete Guide
Income Tax Advisory in Vadapalani by qualified professionals — FilingPro Vadapalani 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. Vadapalani is a major commercial hub in west Chennai with the Murugan Temple and film industry cluster — making Vadapalani a key market for professional Tax Advisory services in Chennai.
Income Tax Advisory in Vadapalani
Income Tax Advisory in Vadapalani delivers expert Tax Advisory service with qualified professionals and zero-error track record.
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Expert Tax Advisory Service in Vadapalani
Professional Tax Advisory service in Vadapalani with 15+ years of experience and 4.9★ client rating.
Tax Advisory Professional in Vadapalani, Chennai
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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).
ITR-1 Sahaj filed for salaried employees with total income up to ₹50 lakh
Section 80D health insurance premium deduction claimed for self and family
AIS (Annual Information Statement) reconciled before ITR filing — no mismatch
NPS Section 80CCD(1B) additional ₹50,000 deduction claimed for clients
ITR-3 filed for business income — profit and loss account and balance sheet
Senior citizen extra deduction ₹50,000 under Section 80TTB verified
Log in to incometax.gov.in → e-File → View Filed Returns → select the assessment year → check processing status.
Foreign income and assets — Schedule FA correctly filled for FEMA compliance
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).
People Also Ask — Tax Advisory in Vadapalani
What is capital gains tax and how is it calculated?
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. P
What is the difference between old and new tax regime?
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 r
Can NRIs claim Section 80C deductions?
NRIs can claim Section 80C deductions for: LIC premium, ELSS investments made in India, home loan principal on India property and PPF contributions (if existing account, no new PPF for NRIs). NRIs cannot claim 80D for health insurance from foreign in
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 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
How can I check my income tax refund status?
Log in to incometax.gov.in → e-File → View Filed Returns → select the assessment year → check processing status. Alternatively, check on tin.tin.nsdl.com with PAN and assessment year. FilingPro tracks refund status for all clients and escalates if re
Comparison
ITR Form Comparison — Which Form to File
FilingPro Chennai helps you choose the right option — call 9566-068-468 for personalised advice.
“My ITR had capital gains, rental income and salary. FilingPro sorted everything — correct ITR form, correct capital gains computation, all deductions. Clean, notice-free filing.”
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Manickam V
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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.”
2 months agoVerified Client
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Ponnammal K
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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.”
2 months agoVerified Client
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Annasamy K
Income Tax Advisory
“Got an income tax scrutiny notice (143(2)). FilingPro responded with complete AIS reconciliation and documents. Assessment completed with zero additional demand.”
6 weeks agoVerified Client
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Vimaladevi R
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“NRI with rental income in India. FilingPro filed NRI ITR with DTAA benefits applied correctly. Refund processed within 30 days. Professional service for complex case.”
3 months agoVerified Client
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Chandramohan T
Income Tax Advisory
“Switched from new regime to old regime based on FilingPro's advice. Saved ₹35 in tax this year. Wish I had consulted them earlier.”
2 months agoVerified Client
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Common questions from Vadapalani clients. Call 9566-068-468 for specific queries.
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.
You can file belated returns (within the assessment year) and updated returns (ITR-U within 2 years from end of AY) for previous years. Updated returns require payment of 25% (within 1 year) or 50% (within 2 years) additional tax on incremental tax amount. FilingPro helps clients regularise all pending years.
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.
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.
NRIs can claim Section 80C deductions for: LIC premium, ELSS investments made in India, home loan principal on India property and PPF contributions (if existing account, no new PPF for NRIs). NRIs cannot claim 80D for health insurance from foreign insurer. FilingPro handles NRI returns with all applicable deductions.
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.
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.
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.
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.
Log in to incometax.gov.in → e-File → View Filed Returns → select the assessment year → check processing status. Alternatively, check on tin.tin.nsdl.com with PAN and assessment year. FilingPro tracks refund status for all clients and escalates if refund is delayed beyond 45 days.
AIS (Annual Information Statement) is a comprehensive statement showing all financial transactions — TDS, SFT data (property, mutual funds, dividends), foreign remittances, advance tax. Form 26AS shows only TDS and advance tax. AIS is broader and must be verified before ITR filing to prevent notices.
TDS deducted by employer is not the final tax. It is an advance payment. If your employer has deducted correct TDS based on your declarations, your tax liability may be nil at filing. But you must still file ITR (if income exceeds basic exemption limit) to claim refund of any excess TDS or other unclaimed deductions.
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 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.
Professional Income Tax Advisory in Vadapalani, 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.