Tax Advisor

Tax Problems? We Can Help! Leading Tax Advisor covering Greater Mumbai Area:

The decisions you make regarding your taxes could impact your cash flow and bottom line. But tax laws can be complicated, and you probably don’t have the time to explore all of your options in-depth. So if need tax consulting services from a qualified professional, come to CA Mitesh and Associates Chartered Accountants Mumbai.

At Your Service
When you work with our firm, you’ll get the advice of a knowledgeable tax professional who will put your best interests first. Every member of our team is dedicated to our customers’ success. Whether you are an individual, own a small business or simply want to make sure you’re taking advantage of all deductions and allowances, working with us means making a wise choice not just for the present, but for your future as well.

If you’re in need of Tax Advisor or Tax Consultant in Mumbai, ours is the team to trust. Call today for further information or to schedule an appointment.

Tax Advisor

Tax Advisor

Our Tax Advisor services include Income Tax and provisions relating to TDS (Tax Deducted at Source) 

Our Tax Advisory services include:

  • Preparing & Filing of Income-tax, Domestic companies, foreign companies and other entities.
  • Corporate and Personal tax services in areas of Tax planning, representation for assessment, post assessment, appellate & post appellate proceedings.
  • TDS on Sale of Property – We help you File correct Tax Forms, Rectify previous TDS challans, Create TDS Returns that you can provide to the Seller. In case of NRI Seller, We can help with Nil / Lower Tax Deduction Certificate or Tax Exemption Certificate on Sale of Property.
  • TDS matters – We help you file correct TDS forms, rectify previous TDS Challans, etc

Individuals and Businesses

Business Persons and HNIs maintain multiple accounts to improve the tax efficiency of their portfolios. Transactions between various related accounts and with others have to be recorded properly to avoid any issues with the tax authorities in the future. Advance tax computations need to be made so that unnecessary interest on delays is avoided. We come in here to cater your requirements of preparation of Profit & Loss and Balance Sheet and other records as required by statutory regulations. Going a step ahead, we also give inputs on maximizing the tax benefits available under the Income Tax Act. The exercise culminates with preparation of the Income Tax return and filing it within the due date.

Different forms of Returns

Under the I​ncome-tax Law, different forms of returns are prescribed for different classes of taxpayers. The return forms are known as ITR forms (Income Tax Return Forms). The forms of return prescribed under the Income-tax Law for filing of return of income for the assessment year 2018-19 (i.e., financial year 2017-18) are as follows:

Return Form Brief Description

ITR – 1
Also known as SAHAJ is applicable to an individual having salary or pension income or income from one house property (not a case of brought forward loss) or income from other sources (not being lottery winnings and income from race horses, income taxable under section 115BBDA or income reffered in section 115BBDA or income referred in section 115BBE).

ITR – 2
It is applicable to an individual or an Hindu Undivided Family not having income chargeable to income-tax under the head “Profits or gains of business or profession”

ITR – 3
It is applicable to an individual or a Hindu Undivided Family who has any income chargeable to tax under the head business or profession

ITR – 4
Also known as SUGAM is applicable to individuals or Hindu Undivided Family or partnership firm who have opted for the presumptive taxation scheme of section 44AD/ 44ADA/44AE.​

ITR – 5
This Form can be used by a person being a firm, LLP, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), cooperative society and local authority. However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) or section 139(4E) or section 139(4F) shall not use this form (i.e., trusts, political parties, institutions, colleges, investment fund etc.)
ITR – 6 It is applicable to a company, other than a company claiming exemption under section 11 (exemption under section 11 can be claimed by charitable/religious trust).

ITR – 7
It is applicable to a persons including companies who are required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) or section 139(4E) or section 139(4F) (i.e., trusts, political parties, institutions, colleges, investment fund etc.).
​ITR – V It is the acknowledgement of filing the return of income.

 

Tax Planning

We’re committed to helping you keep your hard-earned money without paying a penny more in taxes than you’re legally required to do. And some of the biggest savings can come when we work together and plan ahead.

Reducing your tax liability requires a solid plan. We work to help our clients reduce their tax liability through proactive tax reduction strategies and meticulous planning.

We offer proactive tax planning suggestions to save you money when tax time comes. Please give us a call any time of the year, so we can start finding ways to save you money.

Effective Strategies to Reduce Your Tax Liability

Did you know that Effective tax planning strategies can reduce your tax outflow by 50% or more? Effective tax planning takes experience and an in-depth knowledge of the very latest changes to the tax code and tax law. It’s not about gaming the system, but rather finding opportunities to lower your taxes that you never knew existed. We have what it takes to help you create an effective long-term tax plan. When you partner with our  Firm, we’ll work closely with you to identify and implement effective tax-saving strategies, including:

  • Taking advantage of all available tax deductions. 
  • Deferring income when possible so that it’s taxed at the lowest possible rate. 
  • Choosing the right accounting methods for your business. 
  • Selecting the proper deprecation methods. 
  • And Many Others

We’d love to meet you and discuss how we can help you with your tax requirements. For tax planning assistance you can count on, contact the professionals at Our Firm in Mumbai. We serve individuals and owners of small businesses in the Greater Mumbai area, including Mahavir Nagar, Charkop, Gorai, Borivali West and East, Kandivali West and East, Malad, Goregaon, Andheri, Bandra, Dadar, Lower Parel, Thane, Mulund, Ghatkopar & Churchgate. Call today to schedule a consultation.