Property Sale /Purchase: - Complete tax compliance at one place.
Step 2: Our team will call and understand your requirement & advise best package.
Step 3: Make payment online.
Step 4: Our Property compliance team will start work on assignment.
However you can share your requirements in advance by sending an email to firstname.lastname@example.org, It will help us to understand your requirement better and deliver more precise tailor-made services.
- All tax matters for buying a home/property are handled at one place.
- Get complete support at one place.
- Helps to avoid costly legal and tax related mistakes.
- A great cost and time saving bundled services at one place.
- Save you time, cost and inconvenience.
- A famous say” A stitch in time, Saves nine”.
- First of its kind service in India forProperty related transactions.
- Unbiased advice and support from an Expert Team.
- More than 60% cost saving.
- More than 75% saving of your time
- Experienced and expert team to guide you on Property related tax compliance.
- Choose packages best suited for you, Pay for only what you require.
Tax Compliance Packages
Level 1- Tax Advisory
This Package is best suited for
Those homebuyers or Home Sellers who want to engage us only for tax advisory purpose. For example, they want to seek clarity on tax on the sale of Flats/ or Commercial offices or Shops, computation of Long term or Short-term capital gain tax, To know all tax-related compliances during transaction/Sale of property etc. This is a basic package, where you can clear your doubts and later at any point of time upgrade to the next level of engagement by paying differential fees. Anyway, you can directly go to a higher level also and seek a refund if not satisfied with our services.
You can seek guidance on topics like: –
- What is various tax compliance on buying or selling of property/Flats/Shops/offices?
- What are various taxes and rate therein?
- What is TDS rate on the sale of the property?
- What are various ways to save tax on the sale of the property?
- How to do tax planning while buying or selling properties?
- What is the different timeline for tax-related compliance?
- How much long term or short-term capital gain required to be paid on the sale of Property?
- What are various tax compliance and tax procedures while buying a house?
- These are not an exhaustive list but just to give you a fair idea
What this Package includes
- 1 The advisory session with an Expert CA for 30 min or advisory through email or WhatsApp, Video calls (WhatsApp video calls only).
- Any Follow-up Reply will be Charged @ Rs 500 (All-Inclusive) per reply.
What is not included?
- Computation or any workout.
- Computation of TDS or Eligible tax deduction.
- Any Advisory, which requires separate calculation or works out.
- Filing of any kind of return.
- Any kind of support onsite or offsite.
- Any further query will be charged separately
Level 2- Tax Compliance for Property Buyers (Purchasers)
This Package is best for
Those Property-buyers who need guidance and tax compliance for the property they are planning to purchase. Our expert team takes care of complete process start from computation, advisory to issue of form 16B to seller as well as Bank. With AKT Associates, you can be sure that all your tax compliance is duly taken care. It will include understanding of your type of property, Rate of TDS on sale of property, Sellers profile, TDS on Property requirement U/s 194-IA, TDS on sale of Property payment, TDS return filing for purchase of Property and Issue of Form 16B.
What this Package includes
- Basic Consulting to tax aspects.
- TDS Rate calculation.
- TDS Payment.
- TDS Return filing.
- Issue of Form 16B to Seller and Bank.
What is not included?
- Any Computation,
- Any advisory, which require separate calculation or work out apart from what is included in package.
- Filing of TDS return when there is more then one buyer of seller for same property. It will be separately chargeable @ Rs/- 2450 per buyer or seller.
- Any advisory not related to sale of property?
Level 3 – Property Sellers Tax Compliance
This package is best for Property Sellers
This compliance package is created to undertake end to end tax-related compliance for Sellers of property, As a seller, you need to be well aware of tax implication on the sale of property & related tax compliances, Such as Capital gain computation,Application for lower TDS, Investment in Capital gain Saving or current Accounts, Investment in capital gain bonds,Investment in another property, Timeline to do all tax compliances etc. Starting from the computation of Capital gain, Tax return filing, checking form 16B and matching it with form 26AS, Application for IT refund (If Required) and liasoning with IT department for quicker tax refund release.
What this Package includes
- Capital gain computation.
- Co-ordination with Buyer for TDS return filing.
- Advisory on best tax planning for sale of the property.
- Check and verification of form 16B.
- 26AS after TDS return filed by the buyer.
- Tax computation and payment.
- IT returns filing.
- Tax refund follows up.
What is not included?
- Scenario analysis
- Any other computation or filing, which is not in the scope.
Why always consult a CA before getting into any property sale or purchase transaction.
We get numerous cases where buyer or sellers receive tax notices, due to some missed tax compliance or executed property sales deed without understanding tax consequences for it. A little bit of pro-activeness and a pre-agreement consultation with an Expert CA firm can save you from a big-time loss of time and money. Just consider that before fixing the price for agreement we need to check the stamp duty value or circle rate of that property and get the agreement accordingly. If you get in an agreement which is below stamp duty value that will be a double blow for property buyers as well sellers as at one end buyer will pay tax under income from another source U/s 56 of Income tax act on the other hand seller will have to bear higher taxes. Similarly, TDS on property also need to be undertaken properly as there is 1% deduction U/s 194 IA if the buyer is Resident else it is 22.88% U/s 195 in case seller is NRI. Hence in such case, a lower or NIL TDS certificate U/s 197 can help seller to lower its tax outflow. Many a time buyer pays TDS, however, fails to file a correct return which in the case will be a big loss to property sellers as the seller will lose complete TDS amount which can be in lakhs. Hence after TDS U/s 194IA is paid a return on TRACES website should be filed and after 15 days Seller should check that the TDS should reflect in form 26AS. Once that is done a proper IT return for seller need to be filed to claim the excess tax paid in the form of a tax refund.
While we at AKT believe that Trust & expertise is the key factor for such big decisions and you can trust us for both of it. Although we are providing end-to-end tax compliance services for the sale of the property we never force the client to go for top level directly. You can engage us for level one and then based on experience engage us for the next level. Only a firm who is confident of their expertise can give this option.
Wouldn’t be it better to take help of a professional by just spending Rs/- 750 instead of spending countless hours on searching for information on the web, to be left at last to take a gut call?
Let It Clear The Confusion
What led you to start these services?
We thought to start these services after a few of our clients, who recently bought houses and gone through very strenuous time to complete all the tax-related formalities. They felt that there is a need for such firm who are expert in property tax matters and who can take care all such compliance for fees at one place. Further, they also expressed that there is an acute shortage of reliable, professional and transparent services. Lofty agents and other middlemen are making the process even more difficult. Even one of the previous founder who recently bought the house also gone through similar upheaval despite being a CA himself who has knowledge of all these procedures. He shared with us that industry indeed needs good firms with transparent and honest practices to come in this area and there is actually a great demand of such services. Inspired by these feedbacks and further survey we decided to extend our services to homebuyers and sellers. We launched these services first in the category of tax on property sale in Navi Mumbai, Mumbai. We got a huge response from the buyers as well sellers from the location near to Mumbai and near by suburbs, such as Kalyan, Panvel, Mira road, Thane and Navi Mumbai for tax consultant /CA for sale of property or Capital gain consultant.
Can I ask for a refund if I am not happy with the services?
Yes, you can get a refund after deducting fees, up-to percentage of work completed or time devoted. However, there is no refund for level 1 engagement as its consulting based fees.
Who will provide services to me?
You’re all tax related queries will be taken care by an expert CA. These will be either an in-house expert or professionals working with us on a project-to-project basis.
How will I be updated about my work?
We have state of the artwork monitoring and reporting system, you will be kept updated regularly through email and SMS, even we will provide your login id to check work status whenever you wish, by login to our portal. To make it further full proof we will also allot one dedicated RM for your case to which you can call if you need any further clarification or update.
What if I change my mind and decide not to buy a house, Can I get a refund?
As mentioned above you will get a refund of uncompleted tasks that will be a percentage of total fees.
What is the mode of delivery of Services?
All services will be delivered through Email, Phone, Online access and couriers.
What if I require more advisory time then mentioned in the package?
That will be further chargeable Rs/- 500 per 30 min Session.
What if there are more then one buyer or more then one seller?
There will be extra charges of Rs/- 1450 per buyer or seller for TDS filing and 1950 for the filing of income tax return.
Why a Seller must consult a CA before a sale of a property?
A property sells if not executed property can be a breeding ground for litigation with the tax department. While this litigation can be costly and time-consuming the whole process can become onerous one. Hence it is always advisable to consult a CA or tax expert. Just, for example, An NRI has to bear 22.88% and 34.32% of TDS on Gross sale proceed which will not only wipe the Profit on sale of the property but also your principle will be stuck for a long period. You can always file a return and claim a refund, but why to stuck your money when you can apply for lower TDS by taking help an Expert CA firm or tax consultant. This is more true for a location like Mumbai, Bangalore, Navi Mumbai where every third property is sold or bought by NRI.
Where AKT Associates located?
We are an online tax compliance firm located in Navi Mumbai, However, we are providing services all over India. We are a well know tax compliance firm with an experience of more than 15 years.
Why AKT Associates
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience- That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand
Efficiency-That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently
Cost- That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences-That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.