Income tax & TDS in Bhosari, Pune

Income tax & TDS in Pune

For individuals and proprietors the work is the annual return, advance tax through the year, and the capital-gains, rental and other-income schedules that a salary slip does not cover. For firms and companies it extends to tax audit where turnover requires it, and to the computation that reconciles book profit with taxable income.

TDS is a monthly obligation with quarterly statements and annual certificates. The firm checks each payment category against the applicable rate and threshold, confirms deposit by the 7th of the following month, files the quarterly TDS statements (Forms 138 and 140, earlier 24Q and 26Q), and issues Forms 130 and 131 (earlier 16 and 16A) on time. Defaults flagged by TRACES are traced to the entry and corrected.

Where tax has been deducted on your income, the annual tax statement (Form 168, earlier Form 26AS) and the AIS are reconciled to the books before the return is filed, so credit is neither missed nor overclaimed.

What the work covers

Income-tax returns
Advance tax
Capital-gains schedules
Tax audit
TDS returns and certificates
AIS and Form 168 reconciliation

For clients in Bhosari and Pimpri-Chinchwad

For Pune proprietors and contractors the usual TDS questions concern contractor, rent and professional payments. For salaried individuals in Pimpri-Chinchwad and Pune, the return often also involves capital gains and house-property income.

Common questions

When must TDS be deposited?

Tax deducted in a month is deposited by the 7th of the next month, except for March, where the date is 30 April. Quarterly TDS statements have their own due dates, which the firm tracks for you.

Do I need a tax audit?

A tax audit depends on turnover, the share of cash receipts and payments, and whether presumptive taxation is used. The position is checked each year rather than assumed.

Can returns of earlier years be corrected?

Within the time limits in the Act, a revised or updated return can be filed. The firm reviews what was filed and what the records now show before recommending either.

What are the new TDS form numbers?

Under the Income-tax Rules, 2026, Forms 16 and 16A are Forms 130 and 131, and quarterly statements 24Q and 26Q are Forms 138 and 140. Earlier periods continue on the old forms.