How much do tax consultants charge in India?

How much do tax consultants charge in India?

As stated above, filing through a chartered accountant may entail a cost of Rs. 1500-2000 for the filing depending on the complexity of transactions in your tax returns.

Who is best tax consultant in India?

Income Tax Consultants India Gate , Delhi

  • Apka Tax. 4.8.
  • Mittal Keshav & Associates. 5.0. 1 Rating.
  • F. Sachin Agarwal and Associates. 4.5.
  • Finbort Financial Services. 4.9. 7 Ratings.
  • Sumit Khandelwal & Co. 4.8. 26 Ratings.
  • Legist Exim Consultants. 5.0. 14 Ratings.
  • Vairaj Corporate Services Pvt. Ltd. 4.4.
  • RCA & Associates. 4.7. 24 Ratings.

What does a tax consultant do in India?

The primary role of a tax consultant or a tax advisor is to help people and organizations in paying their taxes. They hold expertise in tax law, tax compliance, and tax planning. Both individuals and business owners can hire a tax consultant for long and short-term tax optimization.

Is tax advisor and tax consultant same?

A tax advisor is also called a tax consultant.

Can you file ITR without CA?

The new personal income tax regime, with lower rates, is expected to be so simple that you will not require the help of a chartered accountant (CA) or any other professional from next year for filing of income tax return (ITR).

What is the cost of filing ITR?

Cost: Nil, if you do it yourself; Rs 250-1,000, if done through a tax professional.

Who is the best tax consultant?

The 5 Best Tax Preparation Services of 2022

  • Best Overall: H&R Block.
  • Best for Ease of Use: Jackson Hewitt.
  • Best Online Experience: TurboTax Live.
  • Best for Self-Employed: EY TaxChat.
  • Best for Small to Mid-Size Businesses: KPMG Spark.

Why do you need a tax consultant?

A tax consultant can help you minimize your tax liability, capitalize on tax deductions and manage your tax situation. With more expertise than standard tax preparers, tax consultants can help with tax planning, inheritance issues, charitable giving and other complex tax needs.

Who can be tax consultant in India?

In India, most of the professionals acting as tax consultants are law graduates or persons having professional qualifications. There are no prescribed qualifications to become a tax consultant/ advisor. Individuals with interpretation skills and expertise knowledge in Tax Laws can act as a Tax Consultant.

What is difference between tax consultant and chartered accountant?

Accountants usually have the experience and knowledge to design complex tax strategies. Consultants usually have the ability to design basic tax strategies, but they have more extensive skills in financial planning and investment.

What is the qualification for tax consultant?

There are no prescribed qualifications to become a tax consultant/ advisor. Individuals with interpretation skills and expertise knowledge in Tax Laws can act as a Tax Consultant. Tax Laws are changing all the time so they should be up-to-date with recent Circulars, Notifications, Rules, etc…

Can I fill ITR by myself?

The process to e-file ITR is quick, easy, and can be completed from the comfort of an individual’s home or office. E-filing ITR can also help in saving money as you would not have to hire an individual to file ITR. Note: You can now file your taxes through the New income tax portal.