Income Tax Return Filing – Ensuring Accuracy and Peace of Mind with P Khetan & Co

Filing your Income Tax Return (ITR) is more than just a statutory obligation – it’s an opportunity to optimise tax benefits, maintain compliance, and avoid future legal hassles. Yet, many taxpayers face notices or penalties due to incorrect filings, missed deadlines, or incomplete disclosures.

Common ITR Filing Challenges:

  • Incorrect personal or income details
  • Omission of income from multiple sources
  • Misreporting of capital gains or rental income
  • Wrongly claimed deductions
  • Missing verification or e-verification

Why Choose P Khetan & Co: We ensure your return is filed correctly, in compliance with the latest Income Tax laws and CBDT guidelines. Our services include:

  • Personalised tax planning to reduce liability
  • Accurate computation of income from all sources
  • Capital gains calculation and exemption planning
  • Guidance on eligible deductions under various sections
  • Filing and e-verification of ITR within deadlines
  • Assistance in responding to any IT notices

Our Process:

  1. Data Gathering: We collect all necessary documents, from Form 16 to bank statements.
  2. Tax Computation: Our team accurately computes your total taxable income and tax liability.
  3. Filing & Verification: We ensure seamless filing through the income tax portal and timely e-verification.
  4. Post-Filing Support: We provide year-round support for any clarifications or notices.

At P Khetan & Co, we believe in delivering hassle-free, accurate, and timely ITR filing, so you can focus on your financial growth while we handle compliance.

What Every Start-Up Should Know About Choosing the Right CA Firm

Startups need more than just a tax return filing service. The right CA firm becomes your long-term compliance and financial partner. Here’s what to look for:

  • Experience with startup registration & structuring (Company/LLP)
  • Advisory on Angel Tax, Section 80-IAC, DPIIT benefits
  • Experience in handling R&D claims and ESOP planning
  • Capability to handle investor due diligence and financial modelling
  • Regular updates on MCA, RBI, FEMA and GST compliance

At P Khetan & Co, we provide end-to-end support from incorporation to capital raise, and bring banking and IPO experience to early-stage ventures.

Top 10 Mistakes Companies Make During GST Audit – And How to Avoid Them

Every year, hundreds of companies face notices, penalties, or demand orders due to gaps in GST compliance. Here are 10 common mistakes made during a GST audit — and how to fix or avoid them:

  1. Mismatch in GSTR-1 and GSTR-3B
  2. Failure to reconcile ITC with GSTR-2B
  3. Incorrect HSN/SAC code reporting
  4. Delayed or missed return filings
  5. Non-payment or short payment of tax liabilities
  6. Improper maintenance of invoices and records
  7. Ineligible ITC claims (blocked credit)
  8. Wrong GST rates applied to supply of goods/services
  9. Ignoring reverse charge mechanism liability
  10. Lack of documentary proof for input/output tax transactions

How to Avoid Them:

  • Conduct monthly reconciliation using GSTR-2B
  • Automate filings and validations
  • Take a quarterly GST health check from a Chartered Accountant
  • Use expert help to defend in GST assessments or SCNs

About Us

P Khetan & Co is a peer-reviewed, ICAI-registered CA firm operating with a multidisciplinary team of qualified professionals. The firm is headed by CA Pankaj Kumar Khetan and restructured as a partnership in 2014. We serve corporates, banks, SMEs, and startups across India with a commitment to professional ethics, client confidentiality, and proactive service delivery.