Chowdary & Rao,
Chartered Accountants, 102, MVV Lakshmi Villa,
opp: kotak school,
china waltair, visakhapatnam Andhra Pradesh 530017
+91-9959748222
+919618448222
Copyright © Chowdary and Rao : Chartered Accountants : Visakhapatnam
ALL RIGHTS RESERVED.
Direct Taxation Services
We offer end-to-end solutions under the Income Tax Act, 2025, for individuals, HUFs, firms, companies, trusts, and NRIs:
- Income Tax Return Filing — Accurate preparation and e-filing of ITRs (ITR-1 to ITR-7), including complex cases involving capital gains, foreign income, business income, and presumptive taxation.
- Tax Planning & Optimization — Proactive strategies for salary structuring, investments (80C/80D), deductions, deferral of income, and business restructuring to minimize tax outflow legally.
- Corporate & Business Taxation — TDS/TCS compliance, advance tax calculations, MAT/AMT computations, tax on buyback/dividends, and handling of assessments/reassessments.
- Capital Gains — Computation and planning for short-term/long-term capital gains, indexation benefits, exemptions (54/54F), and NRI/FDI taxation.
- Scrutiny, Notices & Litigation Support — Representation before Assessing Officers, CIT(A), ITAT; preparation of replies to notices (143(2), 142(1), 148), appeals, and rectification applications.
- International Taxation — Advisory on DTAA benefits, withholding tax on foreign remittances, transfer pricing documentation (Form 3CEB), and BEPS compliance.
- Search & Seizure / Survey Assistance — Guidance during raids, panchnama handling, and post-search compliances.
Indirect Taxation Services (GST & Others)
We specialize in Goods and Services Tax (GST) and related indirect taxes to ensure seamless input tax credit, accurate returns, and dispute-free operations:
- GST Registration & Compliance — Assistance in new registrations, amendments, cancellations, and handling multi-state/GSTIN setups.
- Monthly/Quarterly Return Filing — Preparation and filing of GSTR-1, GSTR-3B, GSTR-9/9C (annual return & reconciliation), CMP-08 (composition), IFF, and e-invoicing compliance.
- Input Tax Credit (ITC) Management — Reconciliation of GSTR-2B/2A vs books, reversal of ineligible credit, Rule 36(4) compliance, and maximization of eligible ITC.
- GST Advisory & Planning — Classification of goods/services (HSN/SAC), place of supply, valuation, reverse charge mechanism, export/refund claims (including LUT), and scheme benefits (e.g., composition, QRMP).
- GST Audits & Certifications — Conducting GST audits (GSTR-9C), issuance of certificates, and preparation for departmental audits.
- Notices, Assessments & Appeals — Reply to show-cause notices, DRC-01/03 demands, adjudication support, appeals to Appellate Authority/GST Appellate Tribunal, and refund applications.
- Customs & Other Indirect Taxes — Advisory on customs duty, IGST on imports, anti-dumping duties, and legacy service tax/VAT issues.
Effective tax management is crucial for optimizing cash flows, ensuring regulatory compliance, minimizing liabilities, and avoiding penalties in India's complex tax regime. With frequent changes in laws, notifications, and compliance requirements, businesses and individuals need expert guidance to stay compliant while maximizing legitimate tax benefits.
At Chowdary and rao, our qualified Chartered Accountants provide comprehensive direct and indirect tax services — from planning and compliance to representation and dispute resolution — helping clients navigate Income Tax, Corporate Tax, GST, Customs, and other indirect levies with confidence and efficiency.