Income Tax Return filing

An income-tax return is only as good as the working papers behind it. At A K Sakaria & Associates we file ITRs from Masjid East after GST, TDS and the trial balance have been looked at, so the return does not become the first place a mismatch is discovered.

What this engagement covers

• Review of Form 26AS, AIS / TIS and books before the return is prepared
• Selection of the correct ITR form and reporting of all heads of income
• Capital gains, presumptive income, foreign income and audit-case reporting where they apply
• e-filing, verification and a copy of workings kept with the file
• Follow-up on processing, refunds and defective-return notices

How we work

We start with 26AS and the last trial balance, not with the form. Differences are written down before the return is generated. For FY 2023-24 the practice filed returns for 500+ clients from this office; the files that processed cleanly were the ones closed in the books first.

Who it is for

Individuals, partners, companies, trusts and NRIs who want the return filed from the books rather than from memory.

If last year’s return was filed but the books still do not match 26AS, the first meeting should be a reconciliation, not another upload.