Tax Planning & Advisory
Preetham Shetty & Co
We help you use all tax deductions, stay compliant, avoid penalties, and handle tax notices, whether you’re an individual, freelancer, or startup.
Pricing Guide
Salaried Tax Optimization
Consultation & Analysis
- Duration: 45 to 60 minutes dedicated session with a Senior Chartered Accountant.
- Regime Selection: Comparative analysis of Old vs New Tax Regime based on your income slab.
- Salary Structure Review: Analysis of HRA, LTA, and allowances to suggest restructuring for lower liability.
Investment & Deduction Strategy
- Section 80C Optimization: Guidance on exhausting the 1.5 Lakh limit using ELSS, PPF, or Tuition Fees.
- NPS Advisory: Evaluation of the additional 50,000 benefit under Sec 80CCD(1B).
- Housing Loan Benefits: Calculation of interest deduction (Sec 24B) for self-occupied properties.
- Health & Insurance: Review of premiums (Sec 80D) for self and parents to claim maximum rebates.
Deliverables
- Tax Computation Sheet: A detailed draft showing current liability vs projected liability.
- Compliance Check: Ensuring investments align with latest budget updates.
Freelancer & Trader Tax Strategy
Business Income Assessment
- Presumptive Taxation: Evaluation of Sec 44ADA eligibility to declare only 50% of gross receipts as income.
- Expense Optimization: Identification of valid business expenses (internet, gadgets, home office) for write-offs.
- GST Applicability: Review of turnover against the 20 Lakhs service threshold.
Advance Tax Management
- Liability Estimation: Projection of annual tax to determine if it exceeds 10,000.
- Payment Schedule: Custom calendar for 4-installment payments to avoid interest penalties.
- F&O Specifics: Classification of trading income as Business Income vs Capital Gains.
Advisory Support
- Ledger Review: Quick audit of bank statements or trading ledgers to flag high-value transactions.
- Compliance Roadmap: Guide on dates for filing returns and audit report requirements.
Tax Notice Resolution
Notice Diagnosis
- Detailed Review: Interpretation of notices like Sec 143(1) (Intimation) or Sec 142(1) (Inquiry).
- Risk Assessment: Explanation of potential implications, penalties, or demands raised.
Response Drafting & Filing
- Evidence Collation: Guidance on gathering proofs (bank certificates, loan statements) to substantiate claims.
- Legal Drafting: Professional phrasing and citation of tax laws to satisfy the Assessing Officer.
- Portal Submission: Management of the e-Proceedings portal for uploading responses.
Correction Services
- Rectification Request: Filing Sec 154 for correction if the demand is due to calculation errors.
- Follow-up: Tracking the status of the response until closure.
Startup Structuring & DIPP Advisory
Startup India Registration (DPIIT)
- Eligibility Check: Assessing business model against government Innovation and Scalability criteria.
- Application Management: Drafting the business nature write-up and submitting for recognition.
Tax Exemption Consulting
- Angel Tax: Advisory and filing for Sec 56(2)(viib) exemption on investments above fair market value.
- Tax Holiday: Guidance on the rigorous application process for Sec 80-IAC 3-year profit exemption.
Compliance Setup
- Structuring: Advising on the most tax-efficient method for founders to draw salary vs dividends.
- TDS Framework: Setting up the roadmap for vendor payments and withholding taxes.
About Tax Planning & Advisory
Why Work With Us
We get that filing taxes feels like a headache sometimes. Our goal is to make tax planning simple, not scary, no matter if you're a salaried person, freelancer, business owner, or running your own startup. We handle the tricky parts so you don't have to keep worrying about missing anything.
How We Help You Save
- Guide you to use all Section 80C tax benefits - PPF, ELSS, insurances, home loan principal, and more
- Show you how to get extra deductions with NPS (apart from 80C)
- Help claim health insurance and home loan interest deductions, so you save more money the right way
- Give advice on education loan and donation deductions if they apply
Staying Compliant, No Surprises
- We’ll check if you need to pay advance tax, especially if you’re a freelancer or have rental/capital gains income
- Help you pay on time so you avoid heavy penalties for late filing
- Remind you about deadlines, because missing them is just not worth it
Got a Tax Notice?
- If you get a scary letter from the Income Tax Dept, we’ll explain what it means and help you reply to any kind of notice
Startups & Businesses
- We offer tax-saving strategies for startups and help with DIPP recognition, so you can keep more of your profits for growth
Beyond Just Taxes
- We look at your whole financial picture, not just taxes - so you can grow your wealth and stay protected for the long run
Meet your Expert
Preetham Shetty & Co
My Story
Hey, we’re Preetham Shetty & Co, chartered accountants in namma Bengaluru. We kicked off because so many folks get tangled up in finance stuff when all they want is to build something cool. We’re not just here for the paperwork - we actually want you to succeed, so think of us as your business buddies. Opened a new branch on Bannerghatta Road too! We’ll handle the boring bits, you chase the dream.
My Work
All-in-one CA services - Startup registration (Pvt Ltd, LLP), GST compliance, Director KYC filing, tax audits, and financial advisory.
Clients we work with - Entrepreneurs, freelancers, business owners, or anyone needing help with taxes or compliance.
Simple, quick support - Send docs on WhatsApp or email, we sort it, you approve, we file. No drama, just help.
Never miss a deadline - We track tax law changes, send reminders, and keep you safe from fines or late fees.
