CA Firm Near Me is just an online search query away. A CA firm is so close to you now that you can search, share financial information and file your tax returns from anywhere across the world.
Many salaried employees, Professional consultants such as doctors, lawyers, engineers, actors, artists, designers, art/music/dance directors, singers, story writers, consultants, freelancers, agency owners, or small businesses, file late returns and hence end up paying interest and penalty for the delay or file incomplete returns, due to any of the following reasons,
Are you aware of the benefits of hiring a CA?
Are you aware of the tax return filing and its process?
Do you think that a CA is only hired by big corporates and businesses?
Are you confused about the work that a CA can do?
Is meeting offline & in person with a ca near me, more convenient than in the online world?
Are you not convinced with the fees charged vis a vis the services offered by your tax advisor?
I want to bring all these answers under one roof for your convenience to benefit you in deciding and taking action without any delay about hiring a CA. For example; A CA is similar to having a family doctor. CA is a tax & investment advisor while a doctor is your medical advisor, both are your well-wishers in wealth and health, just a call away and approachable.
What is Tax Return Filing?
Tax Return filing is a declaration of your income, expense, and other relevant information online, to the government thereby paying taxes on the net income earned annually relevant to the previous financial year. After the filing of Tax Returns, the government issues a statement confirming whether the details filed are in accordance with the data in Annual Information Return filed by respective banks, corporates, real estate registrations offices, investment companies, and the like.
Who hires a CA or a tax consultant near me?
A Chartered Accountant is hired by Individuals, Professionals, consultants, salaried employees, Corporations, Non-profit organizations, Firms, LLPs, and Companies for a range of services from accounting, auditing, financial planning, tax advisory, consulting & tax return filing, investment advice. Hiring a CA ensures tax compliance, making informed decisions, and achieving financial goals without any delay and avoiding interest and penalty.
What is the work of a CA?
The role of a CA is to provide a wide range of services thereby helping you with reliable financial information, expert advice, and strategic guidance to achieve your financial goals.
What does it take to be a tax advisor?
To become a tax advisor, certain qualifications & requirements need to be met. It takes a combination of education, experience, and continuous professional development with ongoing learning to stay up-to-date with the latest tax developments
Whom does the CA serve, the government or the client?
A CA serves both the Government & the client.
CA acts in clients’ best interest as a trusted advisor to comply with tax laws & regulations, and provide valuable financial information, advice & service, in order to achieve long-term financial success & business goals by preparing & filing tax returns and many more…
Transparency to the government, and thereby contributing to the overall growth & stability of the economy.
What might be included in a return filing process?
Most CA specialize in a particular field, similarly you will find a ca near me for income tax filing, who will help you specifically in your Income Tax Filing.
It’s a very simple process but it’s very important to follow the process carefully to avoid interest and penalty.
Collection of financial information- This might include Bank Statements, Income Statements, Expense details, Investment details, any loans & liabilities
Preparing tax returns- Collection of information is followed by entering all the details into Tax return software thereby preparing tax statements and computing taxes payable if any.
Reviewing tax returns- Reviewing is an important step to check if all information entered is correct and complete. Tax statements prepared are then reviewed with the clients to get them on the same page and any errors, or omissions are checked and corrected.
Paying taxes owed- Any taxes payable is to be paid. With advancements in the Tax payment gateway at the income tax portal, you can also make the tax payment using UPI id in addition to net banking and debit card.
Filing tax returns- Tax Returns are then filed.
Tax Audits – Where incomes of professionals are more than Rs.50Lacs for the FY2022-23 or the income of other business owners is more than Rs.2crores, or If you have incurred loss in Stock Futures Derivatives(F&O), and many more cases, then Tax Audit is compulsory. Tax Audit is an elaborate process of minutely cross-checking each financial data against the records and preparing a tax report authenticating and authorizing its correctness.
Responding to inquiries- Enquiries raised by the tax department need to be responded to, within timeframes, to complete the process of Tax Return Filing, whereby they may call for further information or conduct inquiries to verify the accuracy of the financial information filed.
Must the meeting with CA be in person?
No, With the technological advancements and today’s digital age, virtual services such as Zoom meeting, emails, video conferencing, and chats is good enough to understand the scope of work involved, share documents, and finalize tax returns.
However, based on the client’s comfort, and the complexity of the work involved, a client may want to meet the CA.
What about confidentiality?
Confidentiality is a critical component of client relationships.
It is in the professional ethics of a CA to maintain the confidentiality of information across all clients and protect it from unauthorized disclosure. All information is directly stored either on the client’s own drive or the Income Tax portal along with the software used to prepare the tax returns.
What is a CA Certificate?
Any authorizations from a CA require a UDIN number to be generated for a CA to attest any document as true and certified including audit reports, and financial statements.
If you require a hard copy of a CA certificate, then it is advisable to visit a chartered accountant near me.
What do you believe is the average range of cost of Filing a Tax Return? –
I provide all tax consulting absolutely FREE to all my clients.
I charge only for the actual work done whether it is the Preparation & filing of tax returns & Tax audits, Investment in stock market advice, …
You can expect an average fee of rs.1500-2500 for a regular return and for a professional up to an income of Rs.50lacs or a business entrepreneur below Rs.2crores, fees can be around Rs.5,500/- per return, if your Tax return doesn’t require submitting an Asset-Liability statement or no tax audits are required.
It is also important to notice that cost depends on the complexity of the work involved. Cost should not be the only factor while deciding to work with a CA, it is also her qualification & experience that can provide accurate and reliable advice and services to help minimize risks, avoid interest and penalty, and ensure tax savings and good long-term returns on investments done.
Do post your queries relating to tax return filing & stock futures derivatives(F&O) or tax audits of professionals above 50 Lacs in FY2022-23, or small businesses above 2crores, in the comments section below and I shall be happy to help.
BOOK a FREE Tax Return Filing Consultation NOW!
Frequently Asked Questions(FAQ’s)
Which firm is best for CA?
All CA firms do their best in terms of servicing their clients. A CA who is filing your tax returns without any delay, doing your tax audits with proper compliance and is providing you investment advice as per your financial goals and is approachable, is the best CA firm.
Who is the best CA in Mumbai?
A CA with vast experience in the work that you are looking out for is the best CA in Mumbai.
With 15+years of experience in handling stock derivatives futures(F&O) tax filing and audit, and tax return filing for all salaried, small professional consultants and businesses, and with vast knowledge and experience in stock market investments, you can trust me for any of the above work.
What are the 3 steps of tax return?
File Income Tax Return- Completion of assessment procedure- Refund issued or Demand raised
Can I file my ITR myself without CA?
Yes, you can definitely file your ITR online on incometax.gov.in directly without the help of a CA, if your financial information is straightforward and requires no further calculations.