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Pardeep Jha & Associates Chartered Accountants

Services

Income Tax Advisory

Year-round income tax planning and ITR filing for HNIs, executives, NRIs, and founders — built for zero penalties and maximum after-tax wealth retention.

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What you get

Outcomes

  • Section 234B/234C penal interest eliminated through quarterly advance tax modeling
  • AIS, TIS, and Form 26AS reconciled before filing — zero defective return notices
  • ESOP, RSU, and capital gains structured before liquidity events to reduce effective tax rate
  • Schedule FA (foreign asset) disclosures verified — Black Money Act penalties at nil
  • Tax regime comparison delivered in writing with exact liability figures under each option
  • ITR filed and acknowledged within 7 working days of complete document submission

The Income Tax Department’s Annual Information Statement now pulls data from more than twenty reporting entities — banks, brokers, mutual fund registrars, property registrars, insurance companies, and employers. Every material transaction is visible to the department before your return arrives. Filing without first reconciling against that data is the leading cause of defective-return notices and automated scrutiny for salaried professionals, traders, and NRIs with complex income profiles. Structured filing begins not at submission, but at data — mapping what the government holds before computing what you owe.

Methodology

Standard filing versus strategic advisory

The legacy approach

Reactive. Filed in July, after the damage is done.

  • Tax liability computed after the financial year ends — advance tax interest under Sec 234B/234C already accrued.
  • AIS/TIS mismatches discovered post-filing, triggering defective return notices or scrutiny assessment.
  • ITR form selected by income level alone, not income composition — a common source of defective returns.
  • ESOP and RSU tax computed at exercise, with no pre-vesting structuring to reduce the effective rate.

Our approach

Proactive. Reconciled before submission, structured before events.

  • Advance tax modeled quarterly across all income heads — Sec 234B/234C interest fully eliminated.
  • AIS, TIS, and Form 26AS reconciled programmatically before filing; defective-return notices eliminated at source.
  • Correct ITR form — ITR-1, 2, or 3 — determined at intake based on complete income composition.
  • ESOP, RSU, and capital gains structured before liquidity events to reduce effective tax rate.
  • Old and new tax regime computed in full; recommendation delivered in writing with exact liability figures.

Who we serve

Three income profiles, each with distinct tax complexity

Each filer archetype carries materially different obligations. Misclassifying an income head, ITR form, or residential status produces defective returns — not just suboptimal ones.

HNIs & Corporate Executives

Compensation structures mixing base salary, RSUs, ESOPs, variable pay, and deferred bonuses require precise income-head mapping across ITR-2 or ITR-3. We compute across all sources, model pre-liquidity capital gains events, and prepare Schedule FA disclosures for foreign equity holdings under the Black Money Act.

NRIs & Global Professionals

Residential status — resident, not-ordinarily-resident, or non-resident — determines the full scope of Indian tax liability. We establish your correct classification, apply applicable DTAA benefits, file Form 67 for foreign tax credits, and build Schedule FA with FEIN-linked disclosures for every reportable foreign asset.

Founders & Consultants

Professionals under Section 44ADA and founders with multi-entity structures face optimization decisions unavailable to standard filers. We evaluate presumptive tax eligibility against actual expense profiles, model corporate capital extraction scenarios, and consolidate multi-source income correctly across ITR-3.

Outcome benchmarks

What disciplined filing produces

234B/234C penal interest

₹0

Advance tax computed quarterly; installments paid on schedule eliminate interest entirely.

AIS/TIS match rate pre-filing

100%

Programmatic reconciliation before submission removes the primary defective-return trigger.

Filing turnaround

7 days

From complete document receipt to ITR acknowledgment, subject to government processing.

The AIS sees every rupee deposited. Your return must reconcile with that data before submission — not after a notice arrives.

CA Pardeep Jha · Founding Partner

Automated scrutiny has compressed the gap between a data mismatch and a formal notice from months to days. For filers with foreign assets, multiple income heads, or high-value capital transactions, the cost of a clean return is a structured intake process — not a faster submission. We build that process around your income profile before a single number is computed.

Methodology

How we work

  1. Discovery & data intake

    We pull your AIS, TIS, and Form 26AS via government API alongside P&L statements, broker ledgers, ESOP grant letters, and foreign asset schedules. Every income head is mapped before computation begins.

  2. Liability modeling

    Tax is computed across all heads — salary, business income, capital gains, foreign income — with DTAA relief, loss set-offs, and applicable exemptions applied. Both tax regimes are projected and compared.

  3. Pre-filing reconciliation

    Computed figures are reconciled against the government's AIS/TIS database and every variance resolved before submission. A clean reconciliation means the return arrives without automated defective-return flags.

  4. Filing & documentation

    The correct ITR form is filed and the acknowledgment secured. A structured tax file is delivered containing all workings, regime comparison, advance tax projections, and a compliance calendar for the year ahead.

Scope

What's included

  • Filed ITR with acknowledgment number and signed ITR-V
  • Advance tax payment schedule for all four installments (Q1–Q4)
  • AIS/TIS/Form 26AS reconciliation worksheet with variance analysis
  • Tax regime comparison — old vs. new — with specific liability figures and written recommendation
  • ESOP/RSU tax computation with grant price, vesting date, and holding-period workings
  • Schedule FA (foreign assets) with FEIN/ITIN-linked disclosures for every reportable holding
  • DTAA benefit computation and Form 67 (foreign tax credit claim)
  • Capital gains workings covering equity, mutual funds, and real estate transactions
  • Section 44ADA/44AD presumptive tax eligibility memo for professionals and freelancers
  • Compliance calendar with all statutory deadlines for the assessment year

Common questions

Frequently asked

I hold unvested RSUs from a US employer. Do I need to declare them in my Indian ITR?
Yes. Under the Black Money Act, Indian residents must declare all foreign assets in Schedule FA — including unvested RSUs. Failure to report carries a flat penalty of ₹10 lakhs per year, even when no tax is due on unvested equity. We build Schedule FA from your grant letter data, capturing the employer FEIN, fair market value at year-end, and vesting schedule. This is mandatory disclosure, not optional planning.
What happens if my ITR does not match the AIS data the department holds?
The Income Tax Department's systems automatically flag any ITR where declared figures diverge from the Annual Information Statement — which covers bank deposits, mutual fund redemptions, property registrations, and high-value purchases. The result is either a defective return notice or, in more material cases, scrutiny assessment under Section 143(2). We reconcile your return against AIS/TIS before submission so the filing arrives clean.
How does advance tax modeling eliminate Section 234B and 234C interest?
Standard filing computes your liability in July, after the financial year ends, when interest has already accrued. We model your taxable income quarterly — salary, trading P&L, rental income, investment gains — and compute the exact advance tax due on June 15, September 15, December 15, and March 15. Timely payment based on accurate projections eliminates penal interest entirely. There is no cap on how much this saves at higher income levels.
Which ITR form applies to my situation — ITR-1, 2, or 3?
ITR form selection depends on income composition, not income level. ITR-1 applies only to salaried individuals with a single residential property, income below ₹50 lakhs, and no capital gains. Any capital gains event — LTCG or STCG — foreign income, or F&O trading income mandates ITR-2 or ITR-3. Filing the wrong form, regardless of numerical accuracy, constitutes a defective return. We determine the correct form at intake based on your complete income profile.
Should I opt for the old tax regime or the new tax regime?
The answer depends entirely on your deduction profile. For individuals with significant HRA, home loan interest under Section 24(b), NPS contributions, and Chapter VI-A deductions, the old regime typically produces a lower liability. For those with few structured deductions — particularly salaried employees under ₹15 lakhs — the new regime is often advantageous. We compute both, deliver the exact liability differential, and include a written recommendation with the filing.

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Ready to begin?

Book a 30-minute discovery call. We'll scope the engagement, confirm deliverables, and give you a fixed-fee proposal within 48 hours.

Book a consult WhatsApp us +91 6391 110 333