Best ITR filing in Mumbai

Casela Advisors being best CA in Mumbai helps for best ITR filing in Mumbai. Our services are GST,income tax, accounting, audit, etc. Get the best ITR filing in Mumbai from Casela Advisors. Expert CA for ITR filing services & online tax filing for best income return tax filing. We provide not only consultancy services on itr filing but also consult for providing effective and ethical ways to save tax by making tax saving investments and tax planning. In the ITR filing services our experts are acknowledged as consultant for best ITR filing in Mumbai and also have sound knowledge and excellent experience to tackle all challenges in the income tax consultancy matters.

Expert ITR Filing Services in Mumbai by Casela Advisors

As a premier tax consultancy firm offering the best ITR filing in Mumbai, Casela Advisors provides comprehensive Income Tax preparation, accounting, and consultancy services tailored for both individuals and businesses. Whether you’re a large multinational, a mid-sized company, or a salaried professional, our team of tax specialists ensures accurate ITR filing combined with effective tax planning strategies to help minimize your liabilities and maximize compliance.

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Our Core ITR Filing Services

Casela Advisors offers a full suite of services related to Income Tax Return (ITR) filing and tax optimization:

• ITR Filing for Self-Employed Professionals
• ITR Filing for NRIs (Non-Resident Indians)
• ITR Filing for Senior Citizens
• Salary ITR Filing (Salaried Individuals)
• Capital Gains ITR Filing
• Business ITR Filing (Proprietorships, Private Limited Companies, LLPs/Partnerships)
• Freelancer ITR Filing Services
• 44AD Presumptive Tax ITR Filing
• Agricultural Income ITR Filing
• ITR Filing for House Property & Interest Income
• ITR Filing Services for Trusts & Societies
• ITR Filing for Private Limited Companies & Corporates
• Income Tax Notice Reply Services
• NRI Tax Filing Services

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Why Choose Casela Advisors for ITR Filing in Mumbai?

1. 100% Online – Hassle-Free Process
   • Submit your documents and data via secure email or our client portal.
   • A dedicated Chartered Accountant (CA) will handle everything—from document collection to final e-filing.
2. Guaranteed Timely Filing
   • Our team ensures that your ITR is filed before the due date, avoiding penalties and interest under Sections 234A/234F.
3. Expert Tax Consultants
   • Experienced CAs and tax professionals guide you through tax-saving opportunities, deductions, and compliance requirements specific to Mumbai and Maharashtra.
4. Tax Planning & Optimization
   • We analyze your income streams—salary, business receipts, capital gains, TDS/TCS—and recommend the most effective tax planning strategies to minimize your tax outflow.
5. Industry-Specific Expertise
   • Whether you’re in real estate, manufacturing, IT/ITES, retail, or financial services, our specialists are up-to-date with sector-specific regulations, including Maharashtra’s local tax provisions.

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Our Step-by-Step ITR Filing Process

1. Document & Information Collection
   • Collect essential documents based on your occupation and income sources.
   • Basic Documents:
     • PAN Card & Aadhaar Number
     • Bank Account Statements (to reconcile Form 26AS)
     • Form 16 (for salaried individuals) or invoices/receipts (for self-employed)
     • TDS Certificates (Form 16A/16B, if applicable)
     • Investment Proofs (Section 80C, 80D, 80G, etc.)
     • Capital Gains Statements (Property sale/purchase deeds, proof of investments)
     • Business/Proprietary Account Statements, Balance Sheet & Profit & Loss (if applicable)
2. Verification & Analysis by Our CAs
   • Scrutinize bank entries against Form 26AS to verify TDS/TCS credit.
   • Reconcile all income sources: salary, professional fees, capital gains, rental income, interest income, etc.
   • Verify eligible deductions (Section 80C, 80D, 80TTA, 80G) with supporting documents.
   • Validate all capital gains—short-term and long-term—and compute tax liability accordingly.
3. Preparation of Income & Tax Computation
   • Our tax professionals prepare a detailed Income Computation & Tax (IC&T) statement along with your Profit & Loss Statement (for businesses).
   • Generate the correct ITR Form (ITR-1 through ITR-7) based on your income profile.
   • Compute total taxable income, tax payable, and confirm any advance tax or self-assessment tax required.
4. Review & Approval
   • We share the draft Income Computation and ITR form for your review.
   • Our CAs address any queries, refine calculations, and finalize the return details.
5. Online E-Filing
   • Once approved, we file your ITR electronically on the Income Tax Department’s e-filing portal.
   • Ensure all required taxes (Advance Tax/Self-Assessment Tax) are paid before submission.
   • Obtain ITR Acknowledgment (ITR-V) and share it with you.
6. Post-Filing Documents Provided
   After filing is complete, you receive:
   • Finalized Income Computation & Tax Summary
   • ITR Acknowledgment (ITR-V) PDF
   • Form 26AS Tax Statement (reconciled)
   • Profit & Loss Statement and Balance Sheet (for business taxpayers)
   • All supporting schedules and documents used for filing

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Comprehensive Tax Compliance & Value-Added Services

1. Advance Tax & Self-Assessment Tax Compliance

• We prepare and file your advance tax challans (Challan 280) on the Income Tax Portal to help you meet payment deadlines—June 15, September 15, December 15, and March 15 (for advance tax).
• For any shortfall or underpayment, we calculate the self-assessment tax liability and generate challans to ensure your final tax is paid before ITR e-filing.

2. TDS Reconciliation & Adjustments

• TDS (Tax Deducted at Source) is critical for salaried individuals, contractors, and businesses.
• Our CAs reconcile all TDS entries on Form 26AS with your income and ensure no TDS credit mismatch.
• Any discrepancies are addressed through TDS correction statements (if needed), to avoid notices or block refunds.

3. Tax Planning & Advisory

• Personal Tax Planning: Recommend Section 80C, 80D, 80TTA, 80EEA investments and deductions to lower taxable income.
• Business Tax Planning: Guide on presumptive taxation under Section 44ADA (professionals) and Section 44AD/44AE (businesses).
• Capital Gains Tax Optimization: Advise on long-term vs. short-term capital gains treatment, indexation benefits, and reinvestment options (Section 54, 54EC).

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Specialized ITR Filing Categories

1. ITR for Salaried Individuals (ITR-1 / ITR-2)
   • Income from salary, one house property, other sources (interest), and agricultural income up to ₹5,000.
2. ITR for Self-Employed & Professionals (ITR-3 / ITR-4)
   • Business or professional income under normal or presumptive taxation (Section 44ADA/44AE).
3. NRI ITR Filing (ITR-2 / ITR-3)
   • Income from investments in India, property rentals, capital gains on equity or real estate.
   • Ensure compliance with DTAA (Double Taxation Avoidance Agreements) and Foreign Tax Credits (FTC).
4. Senior Citizen ITR Filing (ITR-1 / ITR-2)
   • Dedicated guidance on deductions specific to senior citizens (medical expenses under Section 80DDB, higher rebate under Section 87A).
5. Capital Gains ITR Filing
   • Detailed computation of short-term and long-term capital gains for equity, non-equity investments, real estate, mutual funds, and cryptocurrency (if applicable).
6. Business & Corporate ITR Filing (ITR-5 / ITR-6 / ITR-7)
   • For Proprietorships, LLPs, Partnership Firms, Private Limited Companies, Trusts, and Societies.
   • Handling complex schedules, depreciation, carry-forward losses, and book profit computations under MAT/STT where applicable.

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Types of ITR Forms & Applicable Categories

Form	Applicable To
ITR-1 (Sahaj)	Resident individuals with total income ≤ ₹50 lakhs, income from salary/pension, one house property, other sources (interest, etc.), and agricultural income ≤ ₹5,000. Not eligible if: foreign assets/income, more than one house property, tax under Section 115BBDA/115BBE, director in a company, unlisted equity shares held.
ITR-2	Individuals & HUFs without business income (Income from salary/pension, house property, capital gains, other sources, foreign assets/income).
ITR-3	Individuals & HUFs with business or professional income (including proprietors and partners).
ITR-4 (Sugam)	Presumptive Income Scheme: Resident individuals, HUFs, and firms with total income ≤ ₹50 lakhs and income from business/profession under Sections 44AD, 44ADA, or 44AE. Excludes foreign assets/income, director in a company, unlisted shares, multiple house properties, capital gains, or loss carry-forwards.
ITR-5	Firms, LLPs, Association of Persons (AOP), Body of Individuals (BOI), artificial juristic persons (Trusts, estates), cooperative societies, and local authorities.
ITR-6	Companies other than those claiming exemption under Section 11 (e.g., charitable/religious trusts).
ITR-7	Entities required to file under Sections 139(4A), 139(4B), 139(4C), or 139(4D): charitable/religious trusts, political parties, scientific research institutions, news agencies, colleges, trade unions, etc.

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Income Tax Notice Reply & Compliance Support

If you receive an Income Tax notice—for discrepancies, TDS mismatch, notice under Section 143(1), 142(1), or any other demand—Casela Advisors offers:

• Notice Analysis & Interpretation: Identify the notice type (e.g., intimation under 143(1), scrutiny notice under 143(2), demand notice under 156).
• Document Verification & Reconciliation: Compare your Form 26AS, bank statements, and ITR data to detect mismatches.
• Reply Preparation & Filing: Draft a precise response addressing each query, attach supporting documents, and upload on the e-filing portal.
• Follow-Up & Representation: Liaise with assessing officers, handle notices under Section 142(1)/148, and appeal to higher authorities if necessary.

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International Taxation & NRI Tax Services

Casela Advisors also caters to international taxation requirements:

• Foreign Income & Asset Reporting: Advise on disclosures under Schedule FA (Foreign Assets) in ITR.
• DTAA Optimizations: Evaluate tax treaty benefits, avoid double taxation, and claim Foreign Tax Credits (FTC).
• Cross-Border Remittance Advisory: Guidance on Section 195 compliances, lower withholding tax certificates, and RBI FEMA regulations.
• Subsidiary & Branch Structuring: Tax implications for foreign subsidiaries, branch offices, liaison offices, and transfer pricing documentation under Section 92D.

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Why Our Clients Call Us the “Best ITR Filing in Mumbai”

• Up-to-Date Tax Law Expertise: Our team continuously monitors amendments in the Income Tax Act, finance bills, and Mumbai-centric regulations (e.g., state GST notifications, professional tax).
• Customized Tax Planning: We offer proactive strategies to minimize current and future tax liabilities—covering investments, retirement planning, estate planning, and corporate structuring.
• Dedicated Support Year-Round: Beyond ITR filing season, we provide ongoing advisory on TDS, transfer pricing, GST, RERA-related tax implications (for Mumbai real estate), and corporate compliances.
• Transparent Pricing & Timely Delivery: Clear fee structure, no hidden charges—guaranteed delivery of ITR Acknowledgment and complete documentation package.