Tax and Legal Advisory

Tax consultants by private parties” generally refers to independent accounting firms, Chartered Accountants (CAs), or specialized consultancy businesses that offer tax advisory and filing services to individuals and businesses. These private firms assist clients with direct and indirect taxes, compliance, and strategic tax planning.
Types of Private Tax Consultants :
Private tax consultants offer a range of specialized services:
Chartered Accountants (CAs): Often the primary providers of comprehensive financial and tax services, including auditing, company registration, GST consultancy, and income tax return (ITR) filing.
Specialized Tax Advisory Firms: Large global firms like EY offer private tax services for high-net-worth individuals, family businesses, and private capital investors, focusing on wealth transition and complex international tax matters.
Local Consultancies: Numerous smaller, independent firms offer general services like GST returns, TDS returns, and basic income tax filing for individuals and small businesses.
Online Platforms: Some firms operate online, allowing clients to upload documents and manage the entire tax filing process remotely.
Services Offered
Common services provided by these private parties include:
Tax Planning: Strategic advice to minimize tax liability and maximize savings through legitimate deductions and exemptions.
Return Filing: Preparation and submission of various tax returns, including Income Tax Returns (ITR), Goods and Services Tax (GST) returns, and Tax Deducted at Source (TDS) returns.
Registration & Compliance: Assistance with obtaining necessary registrations such as PAN (Permanent Account Number), TAN (Tax Deduction and Collection Account Number), and GST registration.
Auditing and Representation: Conducting tax audits and representing clients before tax authorities or tribunals in case of assessments or disputes.