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Our Services

Taxation Services

Income Tax & Withholding Taxes

At Pratik S Kothari & Associates, a leading CA Firm in India based in Pune, we are proud to be recognized among the most distinguished names in the colosseum of CA consultancy. As a trusted chartered accountant company, we offer a full spectrum of tax advisory, income tax filing services, GST filing services, and business startup services to individuals and enterprises alike.

Types of Taxes in India

There are two kinds of direct income taxes in India: Direct Tax and Indirect Tax. Direct taxes are paid directly to the government from the income of an entity. On the contrary, indirect taxes are imposed on goods and services that is typically charged by restaurants, theatres, online retailers, and other service providers. Later on they are passed on to the government.

GST or Goods and Services Tax is a recent execution intended to streamline this complex system into a unified structure, consequently superseding multiple previous taxes. As a premier CA Firm in Pune, Pratik S Kothari & Associates specializes in guiding clients through this transition with dedicated GST filing services and taxation services.

The Income Tax at A Glance

The government levies income tax filing compliance on both people and corporations based on their earnings during the fiscal year. The government considers taxes collected from both individuals and corporations to be a source of funding. At our chartered accountancy firm, we help clients navigate the complexities of income tax filing, ensuring full compliance and optimum tax planning.

For Individuals

A lot of individuals, unaware of these taxes, also wonder about whether they need taxation services or not. Salary and monthly, quarterly, and yearly annuities are subject to this income tax filing. Any revenue received from renting out one's property to a renter is likewise taxed under the ITA's compliance. In addition, returns from real estate, mutual funds, and other asset types that are tied to the market are taxed.

For Corporations

With effect from AY 2024-2025, domestic enterprises in India are subject to a corporation tax rate of 25%. Nonetheless, the corporation tax rate for overseas businesses is 35%. We provide income tax filing services to corporates as well as following all government rules and regulations properly.

A Guide by the Expert Chartered Accountants in Pune

Every individual earning or receiving income in India is liable to do income tax filing, regardless of whether they are a resident or non-resident. Yes, even NRIs are covered under Indian tax laws. People can easily conform to these complexities by using taxation services like ours. Be it a monthly salary, a pension, or even the modest interest your savings account earns at 4% — all income sources are taxable. Even winners of shows like Kaun Banega Crorepati are required to pay tax on their prize money.

For simplified evaluation, the Income Tax Department classifies income under five heads:

Head of Income Nature of Income Covered
Income from Salary Includes pensions and income tax filing from salary
Income from Other Sources Includes bank interest, fixed deposit interest, and winnings from shows like KBC
Income from House Property Typically, rental income from residential or commercial property
Income from Capital Gains Profit from the sale of assets like shares, mutual funds, or real estate
Income from Business & Profession Income earned from self-employment, freelancing, or professional services like those of doctors, lawyers, and chartered accountants

Whether you're a freelancer, a salaried employee, or a chartered consultant in Magarpatta, Hadapsar, or Pune, our CA consultancy ensures smooth income tax filing while ensuring legal compliance and maximum financial efficiency.

Profession Tax

Professional Tax is a state-imposed tax levied on individuals earning an income through employment, profession, or trade. It is typically deducted monthly by employers from employees’ salaries. As a seasoned CA Firm in Pune, we assist businesses with accurate Professional taxation services, calculation, and timely filing, ensuring full compliance with state regulations.

Here are our exact services listed:

  • Obtaining Company Registration under the Profession Tax Act.
  • E-Filing of periodical Profession Tax Returns.
  • Assisting with various other Profession Tax compliances.
  • Profession Tax Consultant in Pune.
  • Representation under the Profession Tax Act.
 
     
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