Income Tax Consultant in Anna Nagar West Extension, Chennai
We file income-tax returns, compute capital gains, reply to notices and handle appeals for individuals, firms and companies in Anna Nagar West Extension, Chennai. Notices and hearings are faceless and on the e-filing portal, so you do not need to visit a tax office.
Income tax for Businesses in Anna Nagar West Extension
Salaried people here mostly come to us for capital gains on property or shares, notices on mismatches with the annual information statement, and choosing between the old and new tax regimes. Many Chennai clients come to us after selling a flat or plot, where the choice between the 12.5% and the indexed 20% rate makes a real difference.
Anna Nagar West Extension is in Chennai district, in Ambattur taluk. India Post serves it through the Anna Nagar Western Extn post office. Neighbouring areas include Mogappair West, Jawahar Nagar, Anna Nagar East and Arumbakkam.
Our income tax work for Anna Nagar West Extension clients
- Returns: individuals, firms, LLPs, companies and trusts
- Tax audit: above ₹1 crore turnover, ₹10 crore if at least 95% of transactions are digital, ₹50 lakh for professions
- Capital gains: property and shares, with the reinvestment options that reduce tax
- Notices: replies to scrutiny, reassessment and demand notices
- TDS: quarterly returns and lower-deduction certificates
How is capital gains tax worked out?
For transfers on or after 23 July 2024, long-term capital gains are taxed at 12.5% without indexation. For land or buildings bought before that date, resident individuals and HUFs can instead pay 20% with indexation if that is lower. On listed equity shares and equity mutual funds, long-term gains above ₹1.25 lakh a year are taxed at 12.5% and short-term gains at 20%. Reinvesting in a house or in specified bonds within the time limits can reduce the tax.
Who needs a tax audit?
A business needs a tax audit if its turnover exceeds ₹1 crore, or ₹10 crore where at least 95% of its receipts and payments are made through banking or digital channels. A profession needs one if gross receipts exceed ₹50 lakh. Businesses on the presumptive scheme that declare lower profits also need an audit.
Deadlines, documents and the full income tax guide for Chennai are on our Income Tax Consultant in Chennai page.
Other Services in Anna Nagar West Extension
Company Registration in Anna Nagar West Extension
Private limited, LLP, OPC and Section 8 companies, with PAN, TAN and GST set up at incorporation.
GST Consultant in Anna Nagar West Extension
Registration, monthly and annual returns, input-credit reconciliation with GSTR-2B, and replies to GST notices.
GST Appeal Consultant in Anna Nagar West Extension
First appeals under section 107 of the CGST Act, appeals to the GST Appellate Tribunal, and replies to show cause notices.
Income Tax Appeal Consultant in Anna Nagar West Extension
Appeals to the CIT(A) within 30 days, stay of demand, and appeals to the Income Tax Appellate Tribunal.
IBBI Registered Valuer in Anna Nagar West Extension
Valuation of shares and financial assets by CA V. Viswanathan, IBBI Registered Valuer (IBBI/RV/03/2019/12333).
Auditor in Anna Nagar West Extension
Statutory audit under the Companies Act, tax audit, LLP audit, and audits that banks accept for loans.
FEMA Consultant in Anna Nagar West Extension
FC-GPR and FC-TRS filings, the annual FLA return, and RBI reporting for foreign investment.
Chartered Accountant in Anna Nagar West Extension
All our services for businesses and families in Anna Nagar West Extension.
Income Tax Consultant in Nearby Areas
Why Choose V Viswanathan Associates
- Chennai-Based CA Firm— Practising since 2012 from G-131, Spencer Plaza, Anna Salai, Chennai.
- IBBI Registered Valuer— Share and financial-asset valuations signed by CA V. Viswanathan (IBBI/RV/03/2019/12333).
- FCA, ACS, CFE— Tax, company law and forensic accounting under one roof.
- Appeals End to End— GST and income-tax appeals handled from grounds of appeal to the hearing.
- Online by Default— Documents shared online, filings signed with a digital signature, meetings at our office or by video call.
Questions About income tax in Anna Nagar West Extension
Do you provide income tax services in Anna Nagar West Extension?
Yes. We work with clients across Anna Nagar West Extension. Our office at Spencer Plaza, Anna Salai is about 12 km from Anna Nagar West Extension in a straight line. Most work is done online, and clients visit us or meet by video call when needed.
I sold a property this year. Which capital gains rate applies?
If it was held long-term, 12.5% without indexation. If you are a resident individual or HUF and bought it before 23 July 2024, you can choose 20% with indexation if that gives lower tax. We compute both.
What is the time limit for an appeal against an income-tax order?
Thirty days from service of the demand notice or the order, under section 358 of the Income-tax Act, 2025, before the Commissioner (Appeals) or Joint Commissioner (Appeals). Late appeals can be admitted if there was sufficient cause. For years governed by the 1961 Act, the appeal provisions of that Act apply.
Law stated as at 15 Oct 2026. Official sources: Income-tax Act, 2025 (Income Tax Department), Income-tax e-filing portal. Reviewed by CA V. Viswanathan, FCA, ACS, CFE, IBBI Registered Valuer (IBBI/RV/03/2019/12333).
Income Tax Consultant for Anna Nagar West Extension
Talk to us about income tax for your business in Anna Nagar West Extension.