Top 5 Tax Consultants in Kolkata for 2025

Working through the challenges of taxation can only be surmounted by the consultation of a professional, who can forecast a better return on your investments. Whether your business is the entrepreneur/small business (SB) owner or someone who wants to maximize the tax return, expert advice in tax planning and compliance is necessary. 2025 brought sharply increased demand for professional tax advisors, especially in large, bustling cities such as Kolkata. This article focuses on the five best tax consultants in Kolkata and stresses their skills, mentions, and services that they offer, such as GST services.

Book My Accountant

Overview

As a pioneer and market leader of tax consultancy in Kolkata, Book My Accountant has established itself as a leading provider of one-stop comprehensive tax solutions. They are renowned for being a holistic resource for all financial requirements, addressing everything from company formation to income tax filing and compliance.

Services Offered
  1. Income Tax Filing: Tailored income tax preparation services that are capable of extracting the maximum allowable deductions and exclusions from the taxpayer's tax return to reduce tax rates.
  2. GST Services Kolkata: These include registration, filing, assessment, litigation and compliance and also comprises guidance on the confusions of the GST law for enterprises.
  3. Company Formation: They provide services to help new companies establish themselves, while also guaranteeing that all necessary compliance with the law is envisaged and implemented at an early stage.
  4. ROC Compliance: Comprehensive services for meeting the requirements imposed by the Registrar of Companies (ROC).
  5. TDS/TCS Services: Efficient and timely disposal of the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) returns to prevent penalties.
  6. Compliance Audit: Detailed audits to verify compliance with all relevant standards.
  7. Financial Planning: Continuous financial planning services aimed at generating a more effective financial plan for the clients.
Why Choose Them?

As a winner in the best tax advisor category, Book My Accountant is always a top scorer known for their credibility and reliability, in Kolkata. By having a deep understanding of clients' needs and keeping up with the newest tax laws, they provide compliance and get the most optimal benefit for their clients.

Goyal & Co.

Overview

Goyal Co. is an established firm known for its expertise in the area of accountancy and taxation. They have also gained a loyal customer base through their proactive role as tax advisors.

Services Offered
  1. Tax Planning Services: These tax planning tools help the customers have a smaller tax liability as based on the corresponding financial status.
  2. GST Services Kolkata: At Goyal Co., one is provided with strong GST consultancy services and compliance to the dynamic GST landscape.
  3. Audit and Assurance Services: Comprehensive audits to provide transparency and compliance in financial reporting.
Why Choose Them?

Their dedication towards client education and client satisfaction has helped Goyal Co. win the industry, the best competitor in Kolkata. Their principal task is explaining technical tax concepts to its clients so they may be better informed when making decisions.

RSM India

Overview

RSM India has a strong market presence in the city of Kolkata and offers a broad range of professional services, such as tax/consultant, audit and risk advisory services. Their international reach enhances their local expertise.

Services Offered
  1. Corporate Tax Services: A comprehensive set of corporate tax planning and compliance services that can be tailored to a specific business.
  2. GST Services Kolkata: Complete GST advisory services up through closing required for easier compliance of clients' business.
  3. Financial Advisory: Performance enhancement through tailored financial advisory services.
Why Choose Them?

Offering an extensive network on a global scale, RSM India provides with a valuable perspective of local and international tax laws, which positions them as the most suitable option to their clients asking for a wider view.

Partha Das & Associates

Overview

Partha Das Associates is a boutique tax consultancy firm distinguished by its attention to personalized service and its dedication to meeting every client's individual requirements.

Services Offered
  1. Individual Tax Filing: Expertise in doing tax preparation for oneself, helping clients comply with personal tax liability as best they can.
  2. GST Services Kolkata: Awareness of GST so that business activities are carried out in an accurate manner.
  3. Transfer Pricing Services: Guide to transfer pricing, that is, of particular relevance to companies operating in foreign markets in respect to international trade.
Why Choose Them?

They are committed to providing clients a more personal and service focused relationship, to which clients feel nurtured and listened. They are able to design individual plan which is adapted to personas financial needs.

Saha & Associates

Overview

Saha Associates is a comprehensive financial consultancy firm that combines tax services with broader financial planning and consulting.

Services Offered
  1. Business Tax Compliance: Assisting businesses in ensuring timely and accurate tax compliance.
  2. GST Services Kolkata: They offer efficient GST services which can be used to mitigate the risk of non-compliance and enforcement.
  3. Strategic Tax Planning: There are strategic recommendations for personal and corporate taxes.
Why Choose Them?

Saha Associates, with its blend of experience and client-centric approach, is a firm of finance re-positioning, and considered as one of the most reliable legal and tax counselling bodies in Kolkata. That, in their aim, is to the betterment of clients’ tax systems is commendable.

Conclusion

Choosing one of the top tax consultants in Kolkata is an essential step towards acquiring financial advantages and in so far as tax laws are concerned, maintaining compliance. Regardless of your specific GST requirements in Kolkata or more general tax planning and advisory, the following firms are prepared to handle your needs in 2025. However, every company has a clear and focused interest for its clients, whereby, you have the opportunity to select one that is suitable to your personal needs.

We need to get in touch with any of the above mentioned consultants for customisable solutions with respect to taxation, particularly for GST related purposes in Kolkata. Their help gives the information to comprehend the intricacies of taxation and guarantee financial wellbeing.

Vivad se Vishwas Scheme, 2024 of Direct Tax: Simplifying Tax Disputes Resolutions

At Book My Accountant, we well understand the plight of taxpayers who cannot manage unresolved tax disputes. To reduce this concern, the Central Government has brought in the Direct Tax Vivad se Vishwas Scheme, 2024. The scheme aims to ease legal disputes by offering a direct tax solution for many struggling individuals. Let us take a closer look into this scheme and how it can help you.

The Direct Tax Vivad se Vishwas Scheme, 2024 was enacted under section 99 of Finance Act, 2024, and is expected to come into effect from October 1, 2024. This scheme aims to expedite tax dispute resolution without burdening appellate authorities, benefiting taxpayers and the Income Tax Department.

This Scheme shall benefit :

  • An Appellant who files an appeal, writ petition or special leave petition.
  • A person against whom an appeal has been filed by the Income Tax Department.
  • Any one whose case is pending in the Supreme Court, High Court, ITAT or Commissioner (Appeals) as on July 22, 2024.

Taxpayers must submit their relief claim under the Vivad se Vishwas Scheme via Form 1 on the Income Tax portal. On filing, the declaration would be verified by the designated authority. Upon confirmation, the designated authority calculates and informs the appellant of the amount due within 15 days via Form 2.

Amount payable under the scheme will depend upon the following factors:

  • Disputed Tax Cases: If an appeal is made after January 31, 2020 and was pending as of July 22, 2024, then the taxpayer is liable to pay the disputed tax that will carry cess and surcharge. But if petitioning is done during or before January 31, 2020, then a penalty of 10% on the amount of the disputed tax will be levied. If the amount is not paid till December 31, 2024.
  • Disputed Interest, Penalty, or Fee: Appeals concerning disputed interest, penalty or fee shall start requiring from January 31, 2020 onwards to pay 25% of the amount in dispute. Appeals to the date filing January 31, 2020 shall request a payment of 35% of the amount in dispute and the deadline date will remain on December 31, 2024, and thereafter draw additional penalties.

Applying the Direct Tax Vivad se Vishwas Scheme, 2024 can significantly reduce your tax liability and help resolve pending tax issues effectively.

"According to experts- Ashish Chorasia, Taxation Head, S.K. Dhanania & Co. this is to be availed by individuals whose income is less than Rs 50 Lakhs with not much variation in the assessed income. This will have lower liabilities for eligible taxpayers under DTVSV 2024 compared to E-DRS."

Amount paid under the scheme No refund Any amount paid under the scheme is non-refundable. However, if an excess payment has been made before filing Form 1, the excess amount (without interest) will be refunded. Appeals The following are not eligible for this scheme:

  1. Search assessments
  2. Cases wherein undeclared income/asset is abroad, or
  3. Prosecution has started.

This document is general information and is not intended to be advice or legal opinion on any matter. Readers should seek appropriate professional advice before acting on the basis of any information contained herein.

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Direct Tax Vivad se Vishwas Scheme, 2024

The Income Tax Assessee can file appeals before the higher authorities in case disputed assessment orders. The department is also empowered to file an appeal in case the assessee gets relief in the case. The appeal can be filed at various levels, including Joint Commissioner, Commissioner of Income Tax (Appeals), Income Tax Appellate Tribunal, High Courts, and Supreme Court. Pending litigations are rising due to more cases being appealed and fewer cases being disposed of. The successful 2020 Direct Tax Vivad se Viswas will be followed by the 2024 scheme to reduce litigations further. The scheme though announced yet to come in force on a date to be notified by the Central Govt. The starting and end date of the scheme shall be announced very soon.

Direct Tax Vivad se Vishwas Scheme Key points

Main Objective

The main objective of the scheme to resolve the pending income tax disputes by depositing a portion of the disputed tax, interest and penalties. The aim is to provide immediate relief to the taxpayers vide the speeding up the resolution process for pending disputes before various tax appellate forums

Eligibility

As of July 22, 2024, all pending disputes/appeals are before Supreme Court, High Court, ITAT, Commissioner (Appeals), or DRP. Except a few exclusions, the scheme covers disputes/appeals filed by any of the taxpayer and/or tax authorities.

Application

The eligible taxpayers may file a declaration in the prescribed form with the designated authority. The designated authority shall determine the tax arrears and issue a certificate stating the tax arrears payable within 15 days. The taxpayer is required to deposit the arrear payable within 15 days from the date of receipt of such certificate.   

Arrear Payment

In the previous Direct tax VSV Scheme, taxpayers were required to pay a percentage of the disputed tax, but received full waivers on penalties and interest. The amount payable depends on the timing of the settlement and the type of dispute. If the scheme is opted on or before 31.12.2024, only 100% of the disputed tax will be in question. Persons will be charged a little more in disputed tax if they opt for the scheme after December 31, 2024 but before its closure.

In case the dispute is about Interest, Penalty or Fee i.e. non tax disputes, only 25% of such non tax arrear is payable if the scheme is opted on or before 313.12.2024 and 30% if after 31.03.2024.

Immunity and Settlement

Under this scheme, the taxpayer is granted immunity from further prosecution, penalties, and interest for resolving disputes. After filing the declaration and making the payment, the appellants before relevant forums (such as High Courts or ITAT) will withdraw their pending appeals.

Exclusions

As we have discussed earlier, some of the litigations are not eligible under VsV 2024 like cases involving search and seizure operations, where prosecution under any law has been initiated, undisclosed foreign income or assets and cases received in DTAA.

Conclusion

The Direct Tax Vivad se Vishwas Scheme 2024 improves upon the previous VSV Scheme by efficiently resolving tax disputes cost-effectively. It waives interest and penalties and avoid further litigation.

The government will soon announce closure dates for the scheme, along with notifications and clarifications, to maximize benefits for taxpayers.


Disclaimer:

This document is general information and is not intended to be advice or legal opinion on any matter. Readers should seek appropriate professional advice before acting on the basis of any information contained herein.