Income Tax, TDS and Assessments - Chartered Accountants in Delhi

The Income-tax Act 2025 came into force on 1 April 2026, replacing the Income-tax Act 1961. Financial year 2025-26 was the last year assessed under the old Act. Section numbering has changed throughout, which means agreements, internal policies, standard letters and prior assessment records all now refer to provisions by their old numbers.

We handle return filing and compliance under the new Act, and we advise on what the transition means for positions already taken.

Income tax return filing

We prepare and file returns for individuals, Hindu Undivided Families, partnership firms, limited liability partnerships, companies, trusts and co-operative societies. Where a return involves capital gains, house property, foreign income or carried-forward losses, the working is prepared and retained so that it can be produced if the return is later selected for scrutiny.

Tax audit

We conduct tax audit and issue the report and annexures required where turnover or receipts cross the prescribed limits, or where the assessee declares income below the presumptive rate.

TDS compliance

We handle deduction at the correct rate, deposit within time, quarterly statements, issue of certificates, and correction of defaults raised by the department. Most TDS demands arise from a wrong PAN, a wrong section or a late deposit, and all three are cheaper to prevent than to rectify.

Assessments, reassessment and faceless proceedings

We represent clients through assessment and reassessment, including faceless proceedings, and prepare the submissions and evidence the department asks for. Assessment work turns on documentation: the question is almost always whether the record supports the position taken in the return.

Notices and appeals

We reply to notices, apply for rectification, and represent clients in appeal before the Commissioner (Appeals) and the Income Tax Appellate Tribunal.

A notice has a stated period for reply, and that period is rarely extended. Clients should send a notice to us on the day it arrives.

Taxation for non-residents

We determine residential status and the resulting filing obligation in India, issue Forms 15CA and 15CB for outward remittances, and handle capital gains, withholding and repatriation where a non-resident sells property in India.

Questions and answers for this page

What changed with the Income-tax Act 2025? The Income-tax Act 2025 came into force on 1 April 2026 and replaced the Income-tax Act 1961. Financial year 2025-26 was the last year assessed under the old Act. Section numbering has changed throughout, so references in agreements, policies, internal manuals and earlier assessment records need checking against the new provisions.

What should I do when I receive an income tax notice? Note the section under which it is issued and the date by which a reply is due, then assemble the records relevant to the year and the issue raised. The reply period is stated in the notice and is rarely extended. A notice that goes unanswered can result in assessment on the department's own estimate, so it should be acted on when it arrives rather than when the deadline approaches.

What is a faceless assessment? A faceless assessment is conducted without the assessee meeting the assessing officer. Notices, questions and submissions pass through the department's electronic portal, and the case is handled by units allocated centrally rather than by a local officer. The documentation standard is higher, because nothing can be explained across a desk.

Does a non-resident have to file an income tax return in India? It depends on residential status and on whether income accrues or is received in India. A non-resident with Indian income above the exemption limit, or who wishes to claim a refund of tax deducted at source, generally needs to file. Residential status is determined by the number of days of presence in India under the rules in force for that year.

What are Forms 15CA and 15CB? They apply to remittances out of India. Form 15CB is a certificate from a chartered accountant on the nature of the remittance and the tax deductible on it, and Form 15CA is the declaration the remitter files with the department. Which parts are required depends on the amount and the nature of the payment.