Frequently asked questions.
General answers to the questions clients ask most. They describe the usual position of the law and are not advice on any specific case - thresholds and dates change by notification.
What documents are required for GST registration?
Typically the following are needed:
- PAN and Aadhaar of the proprietor / partners / directors
- Photograph of the applicant(s)
- Proof of principal place of business - ownership deed, rent agreement, utility bill or NOC
- Bank account proof (cancelled cheque or statement)
- Constitution documents - partnership deed or certificate of incorporation, as applicable
What are the due dates for filing income tax returns?
As a general rule: 31 July for individuals and firms not subject to audit, and 31 October for audited entities, with the tax audit report due by 30 September. These dates are sometimes extended by notification, so the current year's dates should always be confirmed before relying on them.
Should I register a private limited company or an LLP?
It depends on the facts. A private limited company suits businesses that expect equity investment or ESOPs, but carries heavier annual compliance. An LLP offers partnership-style flexibility with limited liability and lighter compliance, but cannot raise equity capital. The right choice turns on who the owners are, whether outside funding is planned, and how profits will be drawn.
When does a tax audit become applicable?
Broadly, a tax audit under section 44AB applies when business turnover exceeds ₹1 crore (a higher threshold of ₹10 crore applies where cash receipts and payments stay within 5%), or when professional receipts exceed ₹50 lakh. Taxpayers under presumptive schemes have separate rules. These thresholds are amended from time to time, so the current limits should be confirmed.
How often do GST returns need to be filed?
Most registered persons file GSTR-1 and GSTR-3B monthly. Smaller taxpayers may opt for the QRMP scheme - quarterly returns with monthly tax payment. An annual return (GSTR-9) applies above the notified turnover threshold, with the reconciliation statement GSTR-9C at higher turnovers.
What documents should I keep ready for income tax filing?
Form 16 and Form 16A, bank statements and interest certificates, broker capital gains statements where investments were sold, proofs of deductions (investments, insurance, medical premiums), and loan interest certificates. The return is matched against Form 26AS and the Annual Information Statement before it is filed.
What is presumptive taxation and who can opt for it?
Presumptive schemes let eligible small businesses (section 44AD) and specified professionals (section 44ADA) declare income at a prescribed percentage of turnover or receipts, instead of maintaining detailed books - subject to turnover limits. Whether the scheme actually helps depends on real margins, so it is worth evaluating case by case rather than assuming.
How do I schedule a consultation with the firm?
Call or WhatsApp +91 92222 22222, or use the contact page to request an appointment. The office at 304, Shivalik Plaza, CG Road, Ahmedabad is open Monday to Saturday, 10:30 am – 7:00 pm. Consultations are by prior appointment.