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What we do, and what you receive

Each engagement below states its scope, the documents required and the working papers delivered. Nothing is priced until we have seen the facts.

Filing tracks

Find the return that matches your year

Returns are not one job. What your year contained decides the form, the schedules and the work behind them. Five tracks cover almost everyone — read down until one describes you.

Core tracks

ITR‑1 / ITR‑2

Basic

One employer. Salary, and not much else.

Form 16 checked against the return, not simply copied
Old regime against the default regime under section 115BAC, compared on your actual figures
Self-occupied house property and interest under section 24(b)
Chapter VI-A deductions, with the evidence indexed
Savings and deposit interest, including what the bank did not report
Form 26AS, AIS and TIS reconciled; feedback filed where the AIS is wrong
Filing, e-verification and refund tracked to credit

ITR‑2

Executive

Salary up to ₹50 lakh, plus a fuller balance sheet — deposits, a let-out property, and market gains.

Everything in Basic, across more than one Form 16 where you changed employer
Fixed and recurring deposit interest, accrued year by year, with TDS credit matched
Let-out and deemed let-out property: municipal taxes, standard deduction, and the ₹2 lakh set-off ceiling on interest
Capital gains on listed equity and mutual funds — sections 111A and 112A, with the ₹1.25 lakh exemption and grandfathering as on 31 January 2018 applied correctly
Broker statements reconciled across platforms rather than accepted at face value
Loss set-off and carry forward under Schedule CFL
Advance tax reviewed, and interest under sections 234B and 234C computed
Schedule AL prepared where total income crosses ₹50 lakh

ITR‑2 / ITR‑3

Premium

Everything in Executive, plus virtual digital assets.

Every item in the Executive track
Virtual digital assets under section 115BBH — a flat 30%, with no deduction other than cost of acquisition
The point most people miss: a loss on one coin cannot be set off against a gain on another, and cannot be carried forward
Schedule VDA completed transaction by transaction, not in aggregate
Tax deducted under section 194S traced and credited
Exchange and wallet statements reconciled across platforms, including transfers between your own wallets, which are not disposals
Airdrops, staking rewards and gifted assets characterised before they are taxed

Specialist tracks

ITR‑2 / ITR‑3 · Schedules FA, FSI, TR

Foreign assets

ESPP, RSUs, shares held abroad, and crypto on overseas exchanges. The highest-exposure return an Indian resident files.

RSU, ESOP and ESPP taxed correctly across grant, vesting and sale — the perquisite under section 17(2)(vi) carried forward as cost, so the same income is not taxed twice
Holding period measured from allotment on vesting, not from grant
Currency converted under Rule 115 and Rule 26, with the rate, date and source recorded against every line
Schedule FA — foreign depository and custodial accounts, equity and debt interests, reported for the correct accounting period whether or not income arose
Schedule FSI and Schedule TR — foreign income gross of withholding, with treaty relief claimed source by source
Form 67 filed under Rule 128 before the return, so the foreign tax credit is not denied at processing
Crypto held on foreign exchanges — reportable as a foreign asset as well as taxable under section 115BBH
Prior years reviewed for omissions, because undisclosed foreign assets fall under the Black Money Act, 2015, not the Income-tax Act

ITR‑2 / ITR‑3 · DTAA

NRI filing

Non-residents with Indian income, and anyone whose residential status changed during the year.

Residential status built from a day count under section 6 — including the 182, 120 and 60 day tests and the deemed residence rule in section 6(1A)
RNOR status identified where available, which can keep foreign income outside the Indian net for up to three years after return
Indian income scoped precisely: salary for services rendered in India, rent, interest, dividends and capital gains
NRE, NRO and FCNR interest treated correctly — they are not the same
Sale of Indian property: TDS under section 195 on the whole consideration, and an application under section 197 for a lower deduction certificate before the sale, not after
Treaty relief with tax residency certificate and Form 10F
Repatriation support, Form 15CA and Form 15CB
Refund of excess TDS pursued to credit in an Indian bank account

Not sure which one is you? That is the normal position, and it is the first thing we work out. Describe your year on the phone — employers, properties, brokers, foreign holdings, crypto — and you will be told which track applies, which schedules it brings, and what it will cost, before anything begins.

Beyond the annual return

The rest of what we do

Computation work, representation and ongoing compliance, whether or not we prepared the return itself.

Income tax return preparation

For salaried individuals, professionals, HUFs and residents with income from multiple heads.

Covers

ITR-1, ITR-2, ITR-3 and ITR-4 as applicable to your income profile
Comparison of the old regime against the default regime under section 115BAC, computed on your actual figures rather than assumed deductions
House property income, including interest under section 24(b) and set-off limits
Presumptive taxation under sections 44AD, 44ADA and 44AE where eligible
Chapter VI-A deductions with supporting evidence indexed
Reconciliation of Form 26AS, AIS and TIS against your records, with feedback submitted on the portal where the AIS is wrong
Advance tax and interest exposure under sections 234A, 234B and 234C

You receive the computation of total income, the tax working, the reconciliation statement, the return in JSON and PDF, and the filed acknowledgement.

Capital gains computation

Where broker statements are not enough, or where more than one platform is involved.

Covers

Listed equity and equity mutual funds under sections 111A and 112A, with the section 112A exemption threshold applied correctly
Debt and specified mutual funds under section 50AA
Unlisted shares, bonds and immovable property under section 112
Cost grandfathering as on 31 January 2018 where the asset qualifies
Futures and options, and the business-income treatment that ordinarily attaches to them
Exemptions under sections 54, 54F and 54EC, including the capital gains account scheme where the investment has not been completed by the due date
Intra-head and inter-head set-off, and carry forward under Schedule CFL

You receive a transaction-level Excel workbook with live formulas, a holding summary reconciled from opening to closing, and the Schedule CG mapping.

Detail on this practice →

Foreign income, foreign assets & treaty relief

The area where most avoidable exposure arises.

Covers

Residential status determination under section 6, including RNOR and the deemed residence test
RSU, ESOP and ESPP taxation across grant, vesting, exercise and sale
Capital gains on foreign listed securities, with currency conversion under Rule 115
Foreign dividends and interest, gross-up of withholding tax and treaty rates
Schedule FA, Schedule FSI and Schedule TR preparation
Form 67 for foreign tax credit under Rule 128
Foreign remittance certification support, Form 15CA and 15CB

Detail on this practice →

Notices, rectification & representation

Departmental communications answered with the record, not with correspondence.

Covers

Defective return notices under section 139(9)
Adjustments and intimations under section 143(1), including mismatch of TDS or deductions
Rectification applications under section 154
Information requests under section 133(6) and e-campaign responses on the compliance portal
Scrutiny assessment support under section 143(2) through the faceless scheme
Refund reissue, outstanding demand response and pending grievance resolution

You receive the drafted response, the annexures, and a note on the position taken and its basis.

GST, TDS & ongoing business compliance

For proprietors, professionals, LLPs and closely held companies.

GST registration, amendment and cancellation
GSTR-1, GSTR-3B, GSTR-9 and GSTR-9C, with input tax credit reconciled to GSTR-2B
TDS deduction advisory, challans, and returns in Forms 24Q, 26Q and 27Q
Form 16 and Form 16A issuance, and correction statements where defaults arise
Section 195 withholding on payments to non-residents, with Form 15CA and 15CB
Bookkeeping, financial statement preparation and ROC annual filings

Detail on this practice →

Advisory & planning

Taken before the transaction, not after the return.

Timing of RSU sales and the interaction between perquisite and capital gain
Residential status planning around a move to or from India, and the year of change
Regime selection and its interaction with capital gains and house property loss
Advance tax scheduling to avoid interest under section 234C
Sale of property: exemption route, capital gains account scheme timing, and TDS under section 194-IA or section 195 where the seller is a non-resident
Structuring of remittances consistent with FEMA and the Liberalised Remittance Scheme

Practicalities

Questions before engaging

How are fees determined?

Fees are quoted as a fixed amount for a defined scope after we have seen your documents. The drivers are the number of transactions to be computed, the number of schedules involved, the currencies and jurisdictions in play, and whether prior years need to be corrected. You receive the fee in writing before work starts, and it does not change unless the scope does.

Can you take over a return another consultant has already filed?

Yes. Where the filed return contains an error, the route depends on timing: a revised return under section 139(5) is available until 31 December of the assessment year, and an updated return under section 139(8A) is available for a longer window with additional tax. We review the filed return against the underlying records first and set out the options, the cost of each and the exposure, before recommending a course.

What is the turnaround?

A straightforward salaried return with one or two capital gains statements is typically ready for your review within three to five working days of complete documents. Cross-border engagements involving foreign brokerage reconciliation, residential status determination and treaty analysis usually take one to two weeks. Notice responses are driven by the date on the notice and are prioritised accordingly.

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

Tell us the facts. We will tell you the position.

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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