Income Tax Consultant in Red Hills, Chennai
We file income-tax returns, compute capital gains, reply to notices and handle appeals for individuals, firms and companies in Red Hills, 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 Red Hills
Agricultural income is exempt, but it is added to other income to work out the tax rate on that other income. For families with farm land and a business, we keep the two streams documented separately. 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.
Red Hills is in Thiruvallur district, in Ambattur and Ponneri taluks. India Post serves it through the Redhills post office and 8 more: Padianallur, Alamathi, Boochiathipattu, Edapalayam, Guruvoyal, Pammadukulam and others. Neighbouring areas include Tirumullaivoyal, Sholavaram, Madhavaram and Kamaraj Nagar, Avadi.
Our income tax work for Red Hills 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
Which income-tax law applies in 2026?
From 1 April 2026 the Income-tax Act, 2025 and the Income-tax Rules, 2026 apply, and income is assessed by 'tax year'. Income of years ending on or before 31 March 2026, and assessments and appeals for those years, continue under the Income-tax Act, 1961.
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.
Deadlines, documents and the full income tax guide for Chennai are on our Income Tax Consultant in Chennai page.
Other Services in Red Hills
Company Registration in Red Hills
Private limited, LLP, OPC and Section 8 companies, with PAN, TAN and GST set up at incorporation.
GST Consultant in Red Hills
Registration, monthly and annual returns, input-credit reconciliation with GSTR-2B, and replies to GST notices.
GST Appeal Consultant in Red Hills
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 Red Hills
Appeals to the CIT(A) within 30 days, stay of demand, and appeals to the Income Tax Appellate Tribunal.
IBBI Registered Valuer in Red Hills
Valuation of shares and financial assets by CA V. Viswanathan, IBBI Registered Valuer (IBBI/RV/03/2019/12333).
Auditor in Red Hills
Statutory audit under the Companies Act, tax audit, LLP audit, and audits that banks accept for loans.
FEMA Consultant in Red Hills
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 Red Hills
Do you provide income tax services in Red Hills?
Yes. We work with clients across Red Hills, including Padianallur, Alamathi, Boochiathipattu, Edapalayam. Our office at Spencer Plaza, Anna Salai is about 21 km from Red Hills 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 Red Hills
Talk to us about income tax for your business in Red Hills.