ITR-4
Engineering and forging MSMEs
Section 44AD presumptive filing where the conditions are met, which keeps small and medium units out of statutory audit cost. Turnover reconciled against GST returns so a defective notice does not follow.
Rajkot · Gujarat
Income tax return filing in Rajkot
Rajkot runs on engineering, forging and heavy machinery, and that shapes the returns. Capital expenditure is lumpy, a lot of business is done through partnership firms, and the questions that matter are about depreciation, partner remuneration and whether an audit is actually required — which, more often than owners assume, it is not.
₹499
fixed, inclusive of GST, for a salaried (ITR-1) or presumptive-business (ITR-4) return
Filed in 24 to 48 hours from the moment you approve the draft computation, once we have your complete documents
We regularly file from Metoda GIDC, Shapar, Aji GIDC, Kalawad Road and Yagnik Road.
Who we file for in Rajkot
ITR-5
Partnership firms and LLPs
A firm is taxed at a flat rate, so partner remuneration allowable under section 40(b) and interest on partner capital are what move profit into the partners’ own slabs. Machinery depreciation and asset block mapping are handled at the same time.
ITR-1
Salaried professionals
Form 16 analysis, HRA, old regime against new regime worked both ways, and the TDS refund pushed through without a query.
A job we did in Rajkot
The Metoda machine tool maker
The problem
A manufacturing unit with turnover above ₹2 crore assumed it was compulsorily into tax audit and had budgeted for the cost.
What we did
We examined the banking records and found that almost all receipts and payments went through RTGS and NEFT, which brought the higher turnover threshold into play. We filed on a presumptive basis instead.
Outcome
The audit was not required in his circumstances, and roughly ₹40,000 of expected audit cost was not spent.
Anonymised, and described as it happened. Outcomes depend on your own facts — we will tell you what yours allow before we start.
What we charge
A fixed ₹499, inclusive of GST, for a salaried or presumptive-business return. Nothing added afterwards. Roughly half what a Gujarat tax consultant commonly charges for a salaried return.
ITR-1
Salaried & Pensioners
₹499
Fixed fee, inclusive of GST.
Filed within 24 to 48 hours
- Salary or pension income, with Form 16 checked line by line
- One house property
- Savings and fixed deposit interest
- Old regime and new regime calculated both ways before we file
- AIS and Form 26AS reconciled against your own documents
- Draft computation sent to you in plain language for approval
- Filed acknowledgement (ITR-V) delivered to you
Not covered by this fee
- Capital gains from shares, mutual funds or property
- More than one house property
- Foreign income or foreign assets
ITR-4
Small Business & Freelancers
₹499
Fixed fee, inclusive of GST.
Filed within 24 to 48 hours
- Presumptive taxation under section 44AD or 44ADA
- Traders, manufacturers, freelancers and consultants
- Gross receipts reconciled against your GST returns
- Advance tax position reviewed for the year ahead
- Draft computation sent to you in plain language for approval
- Filed acknowledgement (ITR-V) delivered to you
Not covered by this fee
- Cases requiring a tax audit under section 44AB
- Commission agents, who cannot use section 44AD
- Foreign income or foreign assets
ITR-2 · ITR-3 · ITR-5
Capital Gains, Partnerships & Detailed Accounts
Quoted before we start
We look at your documents and give you one fixed figure. You decide then.
- Shares, mutual funds, property sales and capital gains
- Partnership firms and LLPs, including section 40(b) remuneration
- Detailed profit and loss and balance sheet schedules
- Depreciation and asset block mapping
- Import, export and foreign currency matters
Before you pay us anything
You can file your own return free of charge on the Income Tax Department portal at incometax.gov.in, with pre-filled data and free offline utilities. If your return is simple and you are comfortable doing it yourself, that route costs you nothing and we will say so plainly. People come to us when they want someone to check the figures and be accountable for getting it right.
Questions we get from Rajkot
How is a partnership firm taxed, and what can be done about it?
A firm pays tax at a flat rate on its profits, with no slab benefit. Remuneration to working partners allowable under section 40(b), and interest on partner capital up to the permitted rate, are deductible to the firm and taxable to the partners — who often sit in lower slabs. Getting the deed and the computation right is what makes that available.
Can I claim depreciation on second-hand machinery?
Yes. Depreciation is allowable on machinery bought second-hand and put to use for the business. What matters is that it enters the correct block of assets at the correct value, which we map when preparing the return.
Does the ₹499 fee apply to a Rajkot business?
It applies to a salaried return on ITR-1 and a presumptive business return on ITR-4, inclusive of GST. A partnership firm on ITR-5, or an ITR-3 with detailed accounts, is quoted as a single fixed figure before we begin.