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Compliance run to a calendar

Monthly and quarterly obligations handled on a schedule, with reconciliation built into the routine rather than attempted at year end.

Scope

What ongoing compliance covers

Goods & Services Tax

  • Registration, amendment, additional place of business and cancellation
  • GSTR-1 and GSTR-3B, with input tax credit reconciled to GSTR-2B each period
  • Annual return in GSTR-9 and reconciliation statement in GSTR-9C where applicable
  • Reverse charge mapping, e-invoicing and e-way bill compliance
  • Refund applications, including inverted duty and export refunds under LUT
  • Departmental notices in Form ASMT-10, DRC-01A and DRC-01

Tax deducted at source

  • Section mapping and rate determination before payment, not after
  • Challan payment and quarterly statements in Forms 24Q, 26Q and 27Q
  • Form 16 and Form 16A issuance from TRACES
  • Correction statements, short deduction and PAN error resolution
  • Lower or nil deduction certificates under section 197
  • Section 194-IA, 194-IB and 194M for property and individual payers

Cross-border payments

  • Withholding under section 195 on payments to non-residents
  • Treaty rate determination, tax residency certificate and Form 10F
  • Form 15CA and Form 15CB certification support
  • Characterisation of royalty, fees for technical services and business profits
  • Equalisation levy position where applicable
  • Liberalised Remittance Scheme and FEMA documentation

Books & annual accounts

  • Bookkeeping in Tally or a cloud ledger, reconciled monthly to bank
  • Financial statements in Schedule III format
  • Fixed asset register and depreciation under both Acts
  • Advance tax computation and quarterly instalment scheduling

Entity & ROC

  • Company and LLP incorporation, and post-incorporation compliance
  • Annual filings in AOC-4, MGT-7 and Form 11
  • Director KYC, DIN and registered office changes
  • Statutory registers and board minute maintenance

Compliance calendar

Every retained client receives a dated calendar for the financial year covering GST, TDS, advance tax, ROC and income tax due dates applicable to them, with reminders ahead of each date and a status log showing what has been filed.

Questions

Compliance, answered

When is Form 15CB required for a foreign remittance?

Broadly, Part C of Form 15CA, supported by a certificate in Form 15CB from a chartered accountant, is required where the remittance is chargeable to tax in India and the aggregate of such remittances in the financial year exceeds ₹5 lakh. Part A applies below that threshold, and Part B where a certificate or order from the Assessing Officer under section 195(2), 195(3) or 197 has been obtained. Certain specified payments listed in Rule 37BB are exempt from the requirement altogether. The classification drives the withholding rate, so the treaty article and the nature of the payment should be settled first.

What are the consequences of a TDS default?

Interest under section 201(1A) runs at 1% per month for failure to deduct and 1.5% per month for failure to pay after deduction. A late filing fee under section 234E accrues at ₹200 per day until the statement is filed, capped at the amount of tax deductible. Disallowance of the related expenditure may follow under section 40(a)(i) or 40(a)(ia). Most defaults we see are traceable to the wrong section being applied to a payment, not to an intention to delay.

Client experience

In their words

Reviews from clients of the practice, published as given and with consent. First names only. Grammar has been tidied where needed; nothing has been added, removed or reworded in substance.

Foreign assets & notice

I had issues with my ITR filing and also received a notice regarding foreign assets declaration, which was quite stressful. I approached Mr. Mahendra, and he handled everything very professionally and efficiently. He carefully reviewed my already filed ITR, rectified the mistakes, and guided me step by step in correctly declaring the foreign assets. He is very knowledgeable, responsive and clear in his explanations, which gave me a lot of confidence and peace of mind throughout the process. Highly recommend him to anyone looking for reliable support for ITR filing, rectifications, or handling income tax notices.

Jyoti
ITR filing

Best experience in filing ITR so far. He takes full ownership end to end in filing ITR. He does all things in the legal way and no fake proofs are entertained, in order to be compliant with income tax law. I strongly recommend the services of Prisha Tax Consulting.

Ritesh
Year on year filing

For a few years now, Prisha Tax Consulting has been helping me file my Income Tax Return. After I gave them my details, goals and plans just once, they have consistently reminded me to file without ever needing that information again. The process is so smooth that all I have to do is give them the go-ahead.

Dr. Swathi
Filing & refund

Mahendra Sir was extremely helpful in guiding me through the process of filing my Income Tax Return. He explained everything clearly and ensured that the filing was done in a genuine and accurate manner. Thanks to his guidance, I received my tax refund within an unexpectedly short time. Overall, it was a great and smooth experience. Highly recommended!

Shashidhara
Filing & advisory

After consulting with Mahendra for my income tax filing, I can confidently say that he is a knowledgeable and reliable person for this job. He has been very professional and timely with his services. He helped me understand the process better. He is also up to date with all the latest laws and rules regarding tax filing. Highly recommend him.

Satya
First consultation

I came to know about Mr. Mahendra Sir through my neighbour. In my first meeting itself I had seen his deep expertise associated with taxes. He educated me with all my queries and had solved my problems. He is a very professional and trustworthy person.

Baskar
Tax notice resolved

Mahendra from Prisha Tax Consulting was extremely helpful in resolving my pending tax issue, which had been pending for some time. He worked on a proper response and helped me submit it at the Income Tax office, which got cleared. Thanks Mahendra!

Ganesh
Four-year client

I have had a great experience with Mahendra from Prisha Tax Consulting for the last four years. He charges minimal fees for filing the returns and guides very well on tax saving options. He is very knowledgeable, approachable and a very professional financial advisor. I look forward to engaging with him for all my future requirements.

Sachin
Transparency

Thank you, Mahendra, for assisting us in filing our ITR. I especially appreciated the transparency throughout the entire process and the detailed information shared with us. This not only helped us understand our taxation better but also provided valuable advisory insights. Your expertise and clear communication made a complex process much simpler for us.

Manik
Tax saving advice

My experience with Mahendra from Prisha Tax Consulting has been extremely satisfying. He is very knowledgeable and does not just file the ITR with the information provided to him, but also guided me on the various sections under which I can invest for tax benefits.

Rahul
Ongoing compliance

Timely submission, careful calculations and regular follow-ups — these attributes make Prisha Tax Consulting one of the more reliable firms.

Avinash
Multi-year client

Have been getting my ITR filed by Prisha Tax Consulting for the last few years. Very reliable service. Mr. Mahendra gave really good advice related to tax saving.

Debjoy

Start a conversation

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Send your Form 16, broker statements, vesting reports and Form 26AS / AIS. You will get a written scoping note setting out the schedules involved, the documents required and a fixed fee before any work begins.

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