Frequently Asked Questions

Get answers to common questions about ITR filing, GST compliance, accounting, and our services.

Questions? We've Got Answers

Common questions about ITR, GST and our services — answered by our Expert Professionals.

Who needs to file an ITR?
Anyone whose income exceeds the basic exemption limit (₹2.5L in old regime, ₹3L in new regime), or who has foreign income, capital gains or business income must file. Filing is also recommended for loans, visas and claiming refunds.
What is the difference between Old and New Tax Regime?
The Old Regime allows deductions under 80C, 80D, HRA etc., reducing taxable income. The New Regime offers lower slab rates but disallows most deductions. Our CAs compare both and recommend the better option for you.
What documents are needed for ITR filing?
Typically: PAN, Aadhaar, Form 16 (salaried), bank statements, investment proofs (80C, 80D), Form 26AS / AIS, and details of any capital gains or other income. We guide you on exactly what to share.
What happens if I miss the ITR filing deadline?
A penalty of ₹5,000 (₹1,000 if income < ₹5L) applies for belated filing. Additionally, losses cannot be carried forward and interest under Section 234A applies on tax due. File early to avoid all this!
Can I file a revised ITR if I made a mistake?
Yes! You can file a revised ITR before December 31st of the assessment year. We handle revised filings starting at ₹499.
When is GST registration mandatory?
GST registration is mandatory if annual turnover exceeds ₹40 Lakhs (goods) or ₹20 Lakhs (services). It is also mandatory for inter-state supplies, e-commerce sellers and certain notified categories regardless of turnover.
What is the difference between GSTR-1 and GSTR-3B?
GSTR-1 reports all outward supplies (sales) made during the month. GSTR-3B is a summary return showing net tax liability and ITC claimed. Both must be filed monthly (or quarterly for QRMP scheme filers).
What is the QRMP scheme?
The Quarterly Return Monthly Payment (QRMP) scheme allows taxpayers with turnover up to ₹5 Crore to file GSTR-1 and GSTR-3B quarterly instead of monthly. However, GST payment must still be made every month.
Can we claim GST refund for excess ITC?
Yes! If your ITC consistently exceeds output tax (common for exporters or inverted duty structure), you can file a GST refund application. Our CAs handle end-to-end refund processing.
Why do I need professional accounting if I use Tally?
Tally is a tool — proper accounting requires judgment. Our CAs ensure entries are classified correctly, reconciliations are done, and books are audit-ready. We work directly on Tally Prime for your business.
Do you handle payroll processing?
Yes! We handle salary computation, payslip generation, PF/ESI deductions, professional tax and Form 16 generation for your employees.
Do I need to visit your office?
Completely online! Share documents via WhatsApp or email, we file your returns and send you the acknowledgement. No office visit needed.
How long does ITR filing take?
For simple returns (ITR-1, ITR-2), we typically file within 24–48 hours of receiving complete documents. Complex business returns may take 3–5 working days.
What are your charges?
ITR filing starts at ₹799. GST compliance from ₹1,499/month. Accounting from ₹3,999/month. Use our Fee Estimator tool or WhatsApp us for an exact quote. No hidden charges, ever.
Still have questions? Chat with our Expert Professionals team

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