Income Tax Consultant in ICF Colony, Chennai
We file income-tax returns, compute capital gains, reply to notices and handle appeals for individuals, firms and companies in ICF Colony, 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 ICF Colony
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.
ICF Colony is in Chennai district, in Perambur Purasawalkam taluk. India Post serves it through the Icf Colony post office. Neighbouring areas include Ayanavaram, Villivakkam, Kilpauk and Kolathur.
Our income tax work for ICF Colony 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
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.
How are notices and appeals handled?
Scrutiny, reassessment and penalty notices are issued and answered on the e-filing portal. Against an order, the first appeal lies to the Commissioner (Appeals) or Joint Commissioner (Appeals) within 30 days (section 358 of the Income-tax Act, 2025), and a further appeal lies to the Income Tax Appellate Tribunal within two months.
Deadlines, documents and the full income tax guide for Chennai are on our Income Tax Consultant in Chennai page.
Other Services in ICF Colony
Company Registration in ICF Colony
Private limited, LLP, OPC and Section 8 companies, with PAN, TAN and GST set up at incorporation.
GST Consultant in ICF Colony
Registration, monthly and annual returns, input-credit reconciliation with GSTR-2B, and replies to GST notices.
GST Appeal Consultant in ICF Colony
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 ICF Colony
Appeals to the CIT(A) within 30 days, stay of demand, and appeals to the Income Tax Appellate Tribunal.
IBBI Registered Valuer in ICF Colony
Valuation of shares and financial assets by CA V. Viswanathan, IBBI Registered Valuer (IBBI/RV/03/2019/12333).
Auditor in ICF Colony
Statutory audit under the Companies Act, tax audit, LLP audit, and audits that banks accept for loans.
FEMA Consultant in ICF Colony
FC-GPR and FC-TRS filings, the annual FLA return, and RBI reporting for foreign investment.
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 ICF Colony
Do you provide income tax services in ICF Colony?
Yes. We work with clients across ICF Colony. Our office at Spencer Plaza, Anna Salai is about 6 km from ICF Colony in a straight line. Most work is done online, and clients visit us or meet by video call when needed.
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.
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.
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 ICF Colony
Talk to us about income tax for your business in ICF Colony.