Income Tax

An income tax return is a form in which a person files information on their income earned during a financial year and its tax thereon to the Income Tax Department. It is mandatory for individuals, HUFs, Firms or LLPs, companies, NGOs, Societies, Trusts, etc., to file their ITRs within the due dates prescribed under the act. Those who earn less than the amount chargeable to tax can also submit their returns voluntarily.

Income Tax Return Filings

An income tax return is a form in which a person files information on their income earned during a financial year and its tax thereon to the Income Tax Department. It is mandatory for individuals, HUFs, Firms or LLPs, companies, NGOs, Societies, Trusts, etc., to file their ITRs within the due dates prescribed under the act. Those who earn less than the amount chargeable to tax can also submit their returns voluntarily.

Income Tax Litigation Matters

At RBN & CO, we understand that income tax litigation / Assessment / Appeal can be a complex and daunting process for individuals and businesses alike. That’s why we offer reliable and professional income tax litigation services to assist you in navigating through the entire process. Our team of experienced professionals is dedicated to providing you with the best possible outcome in your case.

International Taxation

We provide guidance on international taxation in India, including DTAA understanding and framework, taxation of expats, advice on cross-border transactions, advice on prevailing international laws and procedures, advice on various aspects of FEMA, foreign exchange filing and compliances, strategizing, assessing, and evaluating inbound and outbound investments, and assistance in acquiring relevant regulatory approvals and undertaking compliances. Our team has international alliances and close ties with our foreign affiliates, who possess the technical expertise to help you navigate the complex maze of international tax laws worldwide.

Form 15CA-15CB etc

Forms 15CA and 15CB are important documents used to track foreign remittances and determine the nature of tax liability. Form 15CA is a declaration of remittance and is filed by a person who intends to make remittance. On the other hand, Form 15CB is a type of certification where a Chartered Accountant (CA) certifies the details of the payment, TDS rate, TDS deduction, and other details of nature and purpose of remittance.

TDS & TCS Return Filing

TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) return filing are essential compliance requirements under the Income Tax Act in India. TDS is deducted by entities making payments such as salaries, rent, or professional fees, and TCS is collected by sellers from buyers on specific transactions like the sale of goods or services. Both need to be reported to the tax authorities through periodic returns, typically quarterly. These returns include details of tax deducted or collected, PAN of deductees/collectees, and deposited amounts. Timely and accurate filing ensures adherence to tax regulations, avoids penalties, and helps recipients claim credit for taxes paid.