Tax Consultancy

Quick Summary 7 key deductions can save you over ₹50,000 in taxes under Old Regime Section 80C (₹1.5L), 80D (₹75K), 24(b) (₹2L), NPS (₹50K) are the big ones Standard Deduction of ₹75,000 available in New Regime, ₹50,000 in Old Taxquick identifies ALL deductions you qualify for during filing Most Indian taxpayers leave money on the…

Quick Summary Crypto taxed at flat 30% plus 4% cess in India (Section 115BBH) 1% TDS on all crypto transfers above ₹10,000/year No loss set-off allowed — not even against other crypto Report in Schedule VDA using ITR-2 or ITR-3 If you traded cryptocurrency, NFTs, or any Virtual Digital Assets (VDAs) during FY 2025-26, you…

Quick Summary Form 16 = employer TDS certificate; Form 26AS = all TDS credits; AIS = complete financial profile All three documents MUST match before filing ITR Mismatches trigger IT department notices and delayed refunds Taxquick reconciles all three documents automatically during filing Before filing your ITR for FY 2025-26, you must reconcile three critical…

Quick Summary HRA can be claimed without a formal rent agreement using rent receipts Landlord PAN is mandatory if annual rent exceeds ₹1,00,000 HRA exemption is the minimum of: actual HRA, rent paid minus 10% of salary, or 50%/40% of basic salary Paying rent to parents is allowed — but they must declare it as…

Quick Summary Freelancers can use Section 44ADA if gross receipts are under ₹75 lakh 50% of receipts deemed as profit — no need to maintain books File ITR-4 (Sugam) for presumptive taxation, ITR-3 for actual expenses Advance tax must be paid in one installment by March 15 If you are a freelancer, consultant, or independent…

Quick Summary Secunderabad Tax Services: Taxquick provides fatafat ITR and GST services at SD Road, Secunderabad (near Paradise Circle). Specializing in 24-hour business registrations and expert income tax filing for the 2026 season. Call 90104-QUICK for hassle-free compliance. We serve retailers on Patny/MG Road, healthcare professionals at Sunshine and KIMS Hospitals, railway employees near Secunderabad…

Quick Summary ITR filing last date for FY 2025-26 (AY 2026-27): July 31, 2026 Late filing penalty: ₹5,000 (or ₹1,000 if income under ₹5 lakh) Belated return deadline: December 31, 2026 with penalties File early with Taxquick to avoid last-minute rush and errors The ITR filing last date for FY 2025-26 (Assessment Year 2026-27) is…

Quick Summary TDS returns must be filed quarterly using Forms 24Q, 26Q, 27Q, or 27EQ Due dates: July 31, Oct 31, Jan 31, and May 31 for each quarter Late filing penalty: ₹200/day under Section 234E, capped at TDS amount Taxquick handles complete TDS return filing and correction statements If you deduct TDS (Tax Deducted…

Quick Summary Kukatpally and KPHB Colony residents: file GST returns and ITR with Taxquick GST registration starts at ₹1,999 professional fee, ₹0 government fee ITR filing for salaried, business, and freelancers from ₹499 100% online service — no need to visit any office Kukatpally and KPHB Colony are among Hyderabad’s busiest commercial and residential hubs….