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Tax & Regulatory

Consist of taxation on income earned in a financial year, a part of which is taxable as per rates recommended for that year. With the financial year running from 1 April to 31 March of following year, broadly taxpayers are stated as residents or non-residents where the individual taxpayers can be classified as 'residents but not ordinary residents'.

Residential Status

An individual is said to be a resident of India if he is in India for:

  • 182 days or more
  • 60 days or more where the period of 60 days stands changed to 182 days or more for -
  • Indian citizens/persons of Indian origins on visit to India
  • For citizens of India leaving India for employment abroad as members of crew of Indian ship during tax year.

If any of the conditions is not fulfilled then the individual is said to be a Non-Resident Indian (NRI).

A resident is "not ordinarily resident" in India if he:

  • Has been "non-resident" in India in nine out of 10 previous years preceding that year
  • Has during previous seven years, preceding that year been in India for total period of 729 days/less.

Heads Of Income

  • Income from salaries.
  • Income from house property.
  • Profits and gains of business or profession.
  • Capital gains.
  • Income from other sources.

What UVS Partners Offers

We offer Income tax Consultants or Tax consultants in Delhi services at affordable prices, which fulfills the client's need and expectations completely. We offer expert consultancy to Corporate, foreign Companies, individuals (both Residents and Non-residents), partnership firms who are amenable to pay Tax according to the Indian legislation authority. We are also dealing in filing Income Tax Return for various categories of persons under the income tax act. We can develop tax strategies that can help our clients in managing new tax laws according to our legislation. Our expert services include - Tax Planning, Reducing Tax Liabilities & Risks, Finalization of Accounts, Filing of Returns, Preparation of Tax planning and preparation. So, contact us for filing your Income Tax Return and enjoy the benefits of good financial planning advise and that too in a cost efficient way. Below mentioned our Income tax Consultants or Tax consultants related service that we offer to our clients:

  • Preparation of return
  • Tax assessments before authorities in India
  • Consultancy in Tax matters & tax planning
  • Foreign taxation consultancy
  • Transfer Pricing matters
  • Withholding tax compliance
  • Income tax Appeals before CIT (Appeals) and ITAT