Why Choose Jain Prachi & Company?
Expert Tax Notice Handling
– Assistance with Sections 143(1), 139(9), 147, and more.
End-to-End Digital Process
– Fully online assistance with quick turnaround.
Personalized Tax Strategy
– Tailored solutions based on your income and business structure.
Minimize Tax Liabilities & Risks
– Expert review to avoid penalties and scrutiny.
Get Started!
Income Tax Assessment Services in India
Expert Tax Compliance & Assessment Solutions
At Jain Prachi & Company, we help individuals, startups, and businesses navigate income tax assessments with clarity and accuracy. Our specialized tax consultancy, accounting, and financial advisory services ensure full compliance with Indian tax laws, minimizing risks of penalties and scrutiny.
Great service and very helpful. Received advice on taxation and it proved very helpful. Would recommend it for everyone.
runda Makwana
I have been using JAIN PRACHI & COMPANY Accounting Services from last 6 years, and I am consistently impressed with their professionalism and proactive approach so far.
Ankit Neema
Highly professional and responsive with excellent expertise in taxation in Indore!
Shreyansh Bokadiya
10
Years Experience
What is Income Tax Assessment?
Income tax assessment is the process where the Income Tax Department reviews your filed Income Tax Return (ITR) to determine the final tax liability. It ensures that the correct tax has been paid and that all income, deductions, and exemptions are accounted for.
Key Components of an Income Tax Assessment Order:
✔ Assessed Total Income – Your total taxable income from all sources
✔ Deductions & Exemptions – Benefits claimed under tax laws
✔ Taxable Income – Total income minus applicable deductions
✔ Applicable Tax Rate – Based on tax slabs relevant to your income
✔ Final Tax Payable or Refund – Amount you owe or the refund due
Types of Income Tax Assessments & How We Assist
Self-Assessment (Section 140A)
✔ What it is: Taxpayers file their own returns and pay tax accordingly.
✔ Our Role: We ensure accurate calculations, apply available deductions, and timely file your ITR to prevent errors.
Summary Assessment (Section 143(1))
✔ What it is: A preliminary check by the department without manual intervention.
✔ Our Role: We review tax intimations, correct discrepancies, and respond to automated adjustments.
Scrutiny Assessment (Section 143(3))
✔ What it is: A detailed examination where the tax officer verifies claims and deductions.
✔ Our Role: We prepare responses, gather necessary documentation, and represent clients in hearings.
Best Judgment Assessment (Section 144)
✔ What it is: When a taxpayer fails to file an ITR or submit required information.
✔ Our Role: We assist in filing missing returns and minimizing additional tax burdens.
Income Escaping Assessment (Section 147)
✔ What it is: Conducted if the department suspects underreported income.
✔ Our Role: We draft responses, submit supporting documents, and resolve disputes
Documents Required for Income Tax Assessment
General Documents
✔ PAN Card, Aadhaar Card
✔ Bank Statements
✔ Form 26AS (Tax Credit Statement)
✔ Copies of Previous ITRs
Income-Specific Documents
✔ Salaried Individuals: Form 16, salary slips
✔ Business Owners: Profit & Loss account, GST returns
✔ Investors: Stock sale details, capital gains statements
✔ Property Owners: Rental agreements, municipal tax receipts
Our Services – Comprehensive Tax Assistance
Services Included:
✔ Handling tax notices under Sections 139(9), 143(1)
✔ Validate your tax notice by sending it to us for expert review
✔ Advisory on notice response to ensure compliance
✔ Revised Return Filing for notices received under Sections 139(9), 143(1) (if applicable)
✔ Dedicated Relationship Manager for personalized service fulfillment
How It Works
✔ 100% Online & Hassle-Free – Our team handles everything digitally.
✔ End-to-End Expert Fulfillment – Managed by experienced tax professionals.
✔ 7-Day Turnaround – Fast and efficient process.
Step-by-Step Process
✔ Purchase the Plan
✔ Upload Required Documents to Secure Vault
✔ Tax Expert Assigned to Your Case
✔ Receive Expert Advisory on Response
Special Offer: Limited-Time Pricing
✔ Flat ₹4,999 (Previously ₹7,500) – Save ₹2,500!
Why Choose Jain Prachi & Company?
Our Unique Selling Points (USPs):
✔ Personalized Tax Strategy – Tailored solutions based on business model, income structure, and financial goals.
✔ End-to-End Compliance Support – Assistance in everything from filing to representation before tax authorities.
✔ Specialized in Startups & SMEs – Helping new businesses with tax structures and compliance needs.
✔ National Coverage with Local Expertise – Providing services across India with deep industry knowledge.
✔ Proven Track Record – Successfully handled high-value tax scrutiny and appeals for clients.
Frequently Asked Questions
Phone
+91-8989666715
Location
304, Trade House, 14/3, South Tukoganj, Indore (M.P.) -452001
contactus@jainprachi.com
