Navigating Income Tax Consultancy in Pune: A Comprehensive Guide

The Role of Income Tax Consultants in Pune
Pune’s economic landscape is dotted with diverse businesses requiring adept handling of financial and tax-related matters. Income tax consultants play a vital role in ensuring compliance with changing tax laws, which are often updated during the annual financial budget presentations by the finance minister. These professionals are instrumental in managing tax filings, especially for Non-Resident Indians (NRIs) who meet specific criteria mandating them to file returns in India.

Services Offered by Tax Consultants
Tax consultants in Pune provide a broad spectrum of services tailored to individual and corporate needs:

Tax Planning: Strategizing to utilize available deductions and rebates effectively.
Tax Saving Advice: Recommending financial instruments and investments that reduce taxable income.
Advance Tax Calculation: Estimating taxes that need to be paid in advance to avoid penalties.
Income Computation: Calculating taxable income after considering applicable deductions.
Filing of Income Tax Returns: Completing and submitting tax returns in accordance with statutory timelines.
Handling Assessments and Notices: Assisting clients during audits and in responding to notices from the tax authorities.
Amendments and Rectifications: Making necessary changes to previously filed returns to correct any discrepancies.
A prominent example of a consultancy firm in Pune is A N Bhutada & CO, known for their expertise across various industries including IT, BPO, and trading sectors. They offer tailored tax solutions that have reportedly led to significant tax savings for their clients.

Critical Timelines and Documentation
Key Filing Deadlines
The deadlines for filing income tax returns can vary based on the type of assesse:

Individuals and firms not requiring audits: July 31 of the assessment year.
Entities requiring audits: September 30 of the assessment year.
Belated returns: Up to March 31 of the assessment year following the financial year.
Essential Documents for Tax Filing
The documentation required for filing tax returns depends on the taxpayer’s source of income:

For Salaried Individuals:

Form 16
Form 26AS
PAN and Aadhaar Card
Details of bank interest income
Proof of investments under sections like 80C, 80D, etc.
For Business Owners:

Bank statements
Sales and purchase invoices
Expense records
Credit card statements
Loan accounts
Understanding the Costs Involved

The fees for income tax filing services in Pune vary widely. For individual taxpayers, the charges can range from INR 500 to INR 5,000, depending on the complexity of the return. It’s important to note that these fees are indicative and can differ based on the specific requirements and the consultant’s expertise.

Conclusion
Navigating the complexities of income tax in Pune requires professional expertise, particularly given the city’s dynamic economic environment. Engaging a knowledgeable tax consultant can help in effectively managing tax liabilities, ensuring compliance, and avoiding legal pitfalls. For those looking to explore further, reputable sources like the Income Tax Department of India provide extensive information on tax laws and regulations.

RERA Agent Registration

Rera agent registration is mandatory for brokers who deal in property related transaction with rera registered builders. A real estate agent is a person who help buyers to sell property of builders , for said transaction they get brokerage from builders or buyers. For selling of old property as per well as new property RERA registration is needed. As per section 9 of “Real Estate (Regulation & Development) Act, 2016 (REDA) read with Rule 11 of above mentioned Rules, Every real estate agent need to take prior registration with RERA authority of Maharashtra before dealing in any transactions relating to sale/purchase, advertising or brokerage of property of a project registered under this Act.

We are Expert team of Chartered Accountant we help real estate agents to avail Rera agent certificate. We provide Rera agent registration services in Pune , Mumbai , Thane , Nashik etc.

List of documents for Rera Agent Registration.
Following list of documents are required for Rera agent registration in Maharashtra. All below documents for agent registration are required in soft copies.

PAN
Adhar
Passport Size photo
Last 3 Years ITR
Agent invoice
Self attested LH
Cell No
Email ID
RERA Agent Registration Process

Rera agent registration process in Maharashtra is complete online.

RERA Registration Application Preparation
Filing RERA Agent Registration application
Pay Government Fees of Rs. 10600/-
Rera Agent Certificate

Reasons to apply for Rera agent Registration
Trust is likely to be increased between investors & buyers
RERA registration is important is sale property , do advertisement etc.
RERA registration will bring accountability between agent and investors
RERA registration will do real estate agent more professionals

Highlights of Rera Agent Registration

Validity – Rera Agent certificate is valid for 5 years from date of certificate.

Fees – Government Filing fees for Rera Application as individual agent is Rs. 10600/-

Renewal – After every 5 years agents are required to apply for renewal of certificate

Penalty

For Real estate agentwhere if he/she fails to register and contravenes the provisions of section 9 or section 10 of the Act, he shall be liable to a penalty of ten thousand rupees for every day during which such default continues, which may cumulatively extend up to five per cent of the cost of plot, apartment or buildings, as the case may be, of the real estate project, for which the sale or purchase has been facilitated as determined by MahaRERA