GUIDANCE ON COMPLAINCE WITH INDIAN TAX LAWS
At Tamil Nadu NRI Legal Services , we provide comprehensive legal assistance on compliance with Indian tax laws for individuals, businesses, and NRIs. Our team ensures that you remain fully compliant with evolving tax regulations while optimizing your financial strategies.
Our Tax Law Services
We offer expert legal advice and representation in the following areas:
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Income Tax Compliance: Assistance with tax filings, income declarations, and availing deductions and exemptions.
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Goods and Services Tax (GST): Guidance on GST registration, return filings, and handling disputes with tax authorities.
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Corporate Tax Advisory: Strategic tax planning for businesses, including minimizing corporate tax liabilities.
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NRI Taxation: Helping NRIs understand their tax obligations, including income earned in India, property taxes, and double taxation avoidance.
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Tax Dispute Resolution: Representing clients before Income Tax Appellate Tribunals (ITAT), GST Appellate Authorities, and other tax forums.
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Capital Gains Tax Planning: Structuring property and investment sales to minimize capital gains tax.
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Wealth and Estate Tax Planning: Ensuring lawful and tax-efficient estate distribution.
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Tax Compliance for Startups: Advising startups on tax benefits, deductions under the Income Tax Act, and filing procedures.
Why Choose Tamil Nadu NRI Legal Services ?
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In-Depth Expertise: Our legal team stays updated with the latest amendments to Indian tax laws.
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NRI-Focused Tax Solutions: Specialized support for NRIs navigating cross-border tax complexities.
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Dispute Resolution Strength: Strong representation in tax tribunals and appellate authorities.
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Proactive Compliance Approach: Ensuring clients meet tax deadlines and avoid penalties.
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Tailored Tax Strategies: Solutions customized to suit individual and corporate financial goals.
Frequently Asked Questions (FAQs)
Who needs to file income tax returns (ITR) in India?
Individuals with an annual income above the basic exemption limit (₹2.5 lakh for individuals under 60) must file ITR. NRIs with income generated in India are also required to file.
What is the due date for filing income tax returns in India?
For individuals, the due date is usually 31st July of the assessment year. For companies requiring an audit, it is 30th September.
How can NRIs avoid double taxation?
NRIs can benefit from the Double Taxation Avoidance Agreement (DTAA) between India and their country of residence to prevent being taxed twice on the same income.
What happens if I miss my tax filing deadline?
Late filing attracts penalties ranging from ₹1,000 to ₹10,000, along with interest on unpaid taxes under Section 234F of the Income Tax Act.
Is GST registration mandatory for all businesses?
GST registration is mandatory for businesses with an annual turnover exceeding ₹20 lakh (₹10 lakh for special category states). E-commerce operators must also register, regardless of turnover.
How can I resolve a tax dispute with the Income Tax Department?
Disputes can be resolved by filing an appeal before the Commissioner of Income Tax (Appeals), followed by the Income Tax Appellate Tribunal (ITAT) if needed.