Direct Tax
Tax Planning
Income-tax planning across ss.123, 126, 124, 22(1)(b), 82, 86, 85 and 202, Income-tax Act 2025 (earlier ss.80C, 80D, 80CCD, 24(b), 54, 54F, 54EC and 115BAC, Income-tax Act 1961), and s.10(13A), Income-tax Act 1961. Income-tax planning across ss.123, 126, 124, 22(1)(b), 82, 86, 85 and 202, Income-tax Act 2025 (earlier ss.80C, 80D, 80CCD, 24(b), 54, 54F, 54EC and 115BAC, Income-tax Act 1961), and s.10(13A), Income-tax Act 1961.
Income-tax planning across ss.123, 126, 124, 22(1)(b), 82, 86, 85 and 202, Income-tax Act 2025 (earlier ss.80C, 80D, 80CCD, 24(b), 54, 54F, 54EC and 115BAC, Income-tax Act 1961), and s.10(13A), Income-tax Act 1961. Income-tax planning across ss.123, 126, 124, 22(1)(b), 82, 86, 85 and 202, Income-tax Act 2025 (earlier ss.80C, 80D, 80CCD, 24(b), 54, 54F, 54EC and 115BAC, Income-tax Act 1961), and s.10(13A), Income-tax Act 1961. We keep the work founder-friendly and evidence-led so the company can move without unnecessary back-and-forth.
- • Tax Planning scope review and action plan
- • Document checklist and evidence review
- • Drafting, computation, or filing support
- • Submission support and acknowledgement tracking
- • Follow-up on queries, corrections, or notices
- • Closure notes and next-step reminders
- • PAN, Aadhaar, or entity tax data
- • Form 16, AIS, 26AS, or return history
- • Bank statements and ledgers
- • Notice, contract, or transaction records, if any
See the fee table below for the statutory filing charge and common delay logic.
- • s.123, Income-tax Act 2025 (earlier s.80C, Income-tax Act 1961)
- • s.126, Income-tax Act 2025 (earlier s.80D, Income-tax Act 1961)
- • s.82, Income-tax Act 2025 (earlier s.54, Income-tax Act 1961)
- • s.202, Income-tax Act 2025 (earlier s.115BAC, Income-tax Act 1961)
Process
How the service works
The workflow is built to be predictable: document collection, legal review, filing, and post-filing follow-through.
Confirm the scope
We map the exact service route to the trigger, form set, and documentary evidence so the work starts on the right footing.
Collect the records
We gather the company records, notices, or transaction documents needed for tax planning and check them for gaps.
Prepare the filing or memo
We draft the computations, filings, or advisory memo so the next person in the chain can review it quickly and confidently.
Submit and track follow-up
We move the file through submission, keep the acknowledgement trail tidy, and handle any follow-up questions that come back.
AEO summary
Tax Planning is the CA-led workflow that helps a Private Limited company stay compliant, file the right forms, and keep the record trail clean.
Tax Planning workflow
We start by checking the exact trigger, the legal route, and the documents that make tax planning executable for a Private Limited company. That keeps the filing or advisory work tied to the actual statutory path instead of a generic checklist.
Once the scope is locked, we prepare the working papers, filings, and follow-up notes so the matter can move without unnecessary back-and-forth. The goal is to make the process understandable for the founder, the finance team, and the reviewer.
- • Scope mapping for tax planning
- • CA-led document review and drafting
- • Submission support and acknowledgement tracking
What this protects for the company
For a Private Limited company, the value is not just speed. It is also about keeping the record trail clean enough for banks, investors, regulators, and future diligence work.
A founder-friendly process lowers the chance of avoidable notices, rework, or missed deadlines while keeping the company aligned with the right section, rule, or circular in Direct Tax.
- • Cleaner compliance evidence for Direct Tax
- • Better preparation for diligence or audit
- • Less last-minute chasing inside the finance team
Government fees
Fee breakdown
| Item | Fee | Notes |
|---|---|---|
| No standalone government fee | Nil | This is a professional assignment; statutory fees apply only if the matter includes a connected filing or portal step. |
| Connected filing or application fee | As per applicable portal / authority schedule | Only relevant if the work includes a statutory submission such as a return, registration, or approval. |
Timeline
Typical turnaround
Typical timeline usually means a 1–3 weeks turnaround, assuming documents are complete and any board or shareholder approvals are already in place.
Fees can vary by filing type, entity class, and whether the work includes a reply, appeal, or connected computation.
The four repeals
No wealth tax, no estate duty, no gift tax, no angel tax
Four levies have been repealed or abolished over the last four decades — so most “is this taxed?” questions about wealth, inheritance, gifts, and startup fundraising have the same answer: not at the transfer itself. The tax shows up later, at the income or capital-gains stage.
The Wealth-tax Act, 1957 stands repealed from AY 2016-17. There is no wealth tax in India — net-wealth above a threshold is not a taxable event.
Repealed by Finance Act 2015, effective AY 2016-17
Finance Act 2015 s.79 — replaced by an additional 2% surcharge on income above ₹1 crore (current surcharge slabs are Finance Act-current)
The Estate Duty Act, 1953 was repealed in 1985. There is no estate duty or inheritance tax at the central level — inheriting assets is not itself a taxable event.
Repealed with effect from 16 March 1985 (deaths on/after that date)
Estate Duty (Amendment) Act 1985 — inherited assets are taxed only on eventual sale: ITA 1961 s.49(1) carries the previous owner’s cost; s.2(42A) Ex.1(i)(b) aggregates the holding period
The Gift-tax Act, 1958 ceased to apply to gifts made on or after 1 October 1998. Gifting is not a tax in itself — only selective receipts are taxed as income.
Abolished w.e.f. 1 October 1998 (Finance (No. 2) Act 1998 s.75)
ITA 1961 s.56(2)(x) — a gift is taxed as “income from other sources” only where the value received exceeds ₹50,000 without consideration, with exemptions for gifts to relatives, on marriage, or by inheritance / Will
The “angel tax” under s.56(2)(viib) is omitted for share issues on or after 1 April 2024 (AY 2025-26 onwards). Startups raising at fair value are no longer taxed on premium.
Omitted by Finance (No. 2) Act 2024 s.28, effective AY 2025-26
Pre-1-April-2024 issues remain exposed and litigable; s.68 (source of funds) scrutiny and Rule 11UA valuation discipline continue to apply
Statutory references are drawn from the Income-tax Act 1961. The Income-tax Act 2025 (assented August 2025) consolidates and renumbers the 1961 Act’s 819 sections into 536, effective 1 April 2026; the 1961 Act continues to apply to tax years beginning before that date. Section numbers cited here are the 1961 Act references; the corresponding 2025 Act numbers should be read with the official old-to-new mapping. Current surcharge slabs and capital-gains computation (post-2024 changes) are verified at engagement time, not stated here.
Related services
Keep the company moving
ICAI CA-managed ITR filing — Form 16 upload, AI extraction, AIS/26AS reconciliation, CA review, and e-filing. Fee on request. Due date 31 July 2026
Tax planning, compliance, and assessment support under the Income Tax Act — ITR filing for individuals, HUFs, firms, companies, and startups
Quarterly TDS return filing — Form 24Q (salary), 26Q (non-salary), 27Q (NRI payments), 27EQ (TCS). Late fee ₹200/day under s.427, Income-tax Act 2025 (earlier s.234E, Income-tax Act 1961). Fee on request
Advance tax computation and calendar management — liability assessment, instalment schedule (15 June/15 Sep/15 Dec/15 Mar), and interest exposure under ss.424 and 425, Income-tax Act 2025 (earlier ss.234B and 234C, Income-tax Act 1961)
FAQ
Frequently asked questions
What does Tax Planning cover for a Private Limited company?
Which forms are usually involved?
What happens if we miss the deadline or get a notice?
What should you send us before we start?
Are the Income-tax Act 1961 section references on this page still current after the Income-tax Act 2025?
Canonical reference: https://www.pvtltd.co/services/tax-planning
Get started
Ready to move this filing forward?
We can help with the filing, the legal mapping, and the follow-up work that keeps the company compliant after submission.