Tax Compliances
Tax Compliances – Classic Partners LLP
Classic Partner – Direct & Indirect Tax Compliance Experts
What is Tax Compliances?
Tax compliance refers to timely and accurate adherence to all provisions under the Income Tax Act, 1961 and the Goods & Services Tax (GST) law. It includes return filings, tax payments, reconciliations, and responding to notices or assessments from authorities.
For businesses and individuals, staying compliant avoids penalties, preserves credibility, and ensures smooth operations in India and abroad.
Scope of Tax Compliances
Classic Partner assists with end-to-end tax compliance management, covering:
Direct Tax (Income Tax Act)
Filing of Income Tax Returns (ITR) for individuals, HUFs, firms, LLPs, companies, NRIs, and trusts
Tax Deducted at Source (TDS) return filing (Form 24Q, 26Q, 27Q, 27EQ)
Advance tax computation and payment
Tax audit under section 44AB
Transfer pricing compliances (Form 3CEB)
Handling of income tax notices, appeals, and assessments
Indirect Tax (GST Law)
GST Registration & Amendments
Monthly, quarterly & annual return filing (GSTR-1, GSTR-3B, GSTR-9, GSTR-9C)
Input Tax Credit (ITC) reconciliation
GST audits, assessments, and appeals
Advisory on GST notices, e-invoicing & e-way bills
Documents Required
PAN & TAN of business/entity
Previous years’ tax returns (ITR & GST, if any)
Sales & purchase invoices
TDS challans & payment proofs
Financial statements (Balance Sheet, P&L, ledgers)
GSTIN, bank statements, and e-invoice data (where applicable)
Procedure for Tax Compliance
Initial Review – Assess business structure and tax obligations.
Document Collection – Gather invoices, challans, bank statements, and prior filings.
Computation – Calculate tax liability (direct & indirect).
Return Preparation & Filing – File ITR, TDS, and GST returns within deadlines.
Compliance Monitoring – Regular updates on due dates, new amendments, and notices.
Representation – Appear before tax authorities for audits, queries, or assessments.
Penalties for Non-Compliance
Late filing fee under section 234F (Income Tax)
Interest & penalties for delayed GST returns
Disallowance of ITC in case of mismatches
Prosecution in extreme cases of evasion
Why Choose Classic Partner?
Experienced Chartered Accountants specializing in direct & indirect taxes
Tailored compliance calendar for your business type
Representation before Income Tax & GST authorities
Hassle-free online filing and year-round support
Proven track record with corporates, SMEs, LLPs, and NRIs
Looking for a reliable partner for your tax compliances?
Classic Partner offers end-to-end tax compliance solutions for businesses and individuals, ensuring accuracy, timeliness, and peace of mind.
