Income tax assessment is a crucial part of the Indian tax compliance framework, determining the accurate tax liability of a taxpayer. Our Chartered Accountancy firm provides end-to-end Income Tax Assessment & Representation services, ensuring smooth interaction with tax authorities, accurate computation of tax obligations, and timely filing of returns.

What is Income Tax Assessment?

Income tax assessment is the process through which the Income Tax Department evaluates the correctness of the income declared and tax paid by the assessee. It ensures that taxpayers fulfill their tax obligations as per the law.

Types of Income Tax Assessments

1. Self-Assessment (u/s 140A)

This is done voluntarily by the taxpayer while filing the return of income. It involves:

Calculating income and tax payable

Adjusting TDS and advance tax

Paying self-assessment tax, if applicable.

2. Summary Assessment (u/s 143(1))

Automated processing by the CPC (Central Processing Centre)

Intimation sent with tax payable/refundable details.

3. Scrutiny Assessment (u/s 143(3))

Detailed assessment requiring documentation

Issued through notice by the Assessing Officer.

4. Best Judgment Assessment (u/s 144)

Carried out when the taxpayer fails to respond to notices or file returns.

5. Reassessment (u/s 147/148)

Initiated when the Assessing Officer believes income has escaped assessment

Triggered by information or evidence of undisclosed income.

Current Assessment Year
The Assessment Year (AY) is the year following the Financial Year (FY) in which income earned is assessed and taxed.
Financial Year (FY): 2023–24

Current Assessment Year (AY): 2024–25.

Our Comprehensive Services

1. ITR Preparation & Filing

Assistance in accurate calculation of taxable income

Claiming deductions and exemptions

Timely filing of ITR for individuals, businesses, and firms.

2. Tax Computation & Payment

Advance tax and self-assessment tax calculations

Preparation of challans and online payments

TDS reconciliation and Form 26AS validation.

3. Representation Before Tax Authorities

Representation during assessments, scrutiny, and appeals

Preparation of responses to notices under Sections 143(2), 148, 156, etc.

Handling of summons, inquiries, and document submissions.

4. Rectification and Appeal Filing

Filing rectifications u/s 154

Drafting and submission of appeals before CIT(A), ITAT

Representation during appellate proceedings.

5. Reassessment & Litigation Support

Handling reassessment proceedings u/s 147/148A

Filing replies, evidence, and affidavits

Legal consultation and liaison with legal counsel.

Benefits of Our Assessment & Representation Services

Accuracy: Ensures accurate tax computation, minimizing errors and future liabilities.

Compliance: Helps fulfill all statutory obligations under the Income Tax Act.

Protection: Shield against tax penalties, interest, and legal consequences.

Peace of Mind: End-to-end support from ITR filing to assessment closure.

Who Can Benefit?

Individual taxpayers

Professionals and freelancers

Partnership firms and LLPs

Private Limited Companies

NRIs and foreign entities.

Frequently Asked Questions (FAQs)

What is the difference between Financial Year and Assessment Year?
The Financial Year is when income is earned. The Assessment Year is the following year when income is evaluated and taxed.

What is Self-Assessment Tax?
Tax paid voluntarily by the taxpayer before filing the return, after adjusting advance tax and TDS.

What should I do if I receive a notice under Section 143(2)?
You must respond within the stipulated time and submit required documentation. Our experts can represent and assist you throughout the process.

How do I know if I am due for scrutiny or reassessment?
The Income Tax Department will issue a formal notice via email or postal service.

Get Expert Tax Representation Today

Avoid penalties and ensure peace of mind by engaging our professional Income Tax Assessment and Representation services. Contact us today to stay compliant and confident in your tax affairs.