About This Service
- Accurate and timely income tax filing
- Reduced risk of penalties and scrutiny
- Proper tax computation and compliance handling
- Optimized tax structure for maximum savings
- Professional handling of tax audits and notices
- Better financial transparency and reporting
- Compliance with all LLP and partnership regulations
- Peace of mind for business owners
Eligibility & Criteria
- Applicable to Limited Liability Partnerships (LLPs)
- Applicable to registered Partnership Firms
- Covers service-based, trading, and professional firms
- Based on turnover, profit structure, and audit applicability
- Subject to Income Tax Act provisions for business entities
- Includes tax audit applicability where required
Penalties & Due Dates
| Non-Compliance Area | Applicable Penalty |
|---|---|
| Late Income Tax Return Filing | Late fees under Section 234F |
| Failure in Tax Audit Compliance | Heavy penalty + disallowance of claims |
| Incorrect Income Reporting | Tax demand + interest + penalty |
| Non-payment of Advance Tax | Interest under Income Tax Act |
| TDS Non-compliance | Interest + penalty + expense disallowance |
| Non-response to Tax Notices | Ex parte assessment + penalties |
