Frequently Asked Questions

We offer comprehensive chartered accountancy services including taxation (direct & indirect), audit & assurance, advisory & consulting, compliance management, virtual CFO support, and business process outsourcing. Our services cater to corporates, government entities, banks, insurance companies, and SMEs.

R. K. Chari & Co. was established on 29 December 1961, making us one of the oldest and most experienced CA firms in Uttar Pradesh with over 65 years of continuous practice.

We have offices in three cities: our Head Office in Lucknow (established 1961), and branch offices in Mumbai (established 1996) and Noida (established 2010).

Yes, we are empanelled with the Institute of Chartered Accountants of India (ICAI — Reg. No. 000481C), Comptroller & Auditor General of India (CAG — CR0038), and the Reserve Bank of India (RBI — 331521).

We serve a diverse range of sectors including banking & financial services, insurance, government & public sector undertakings, manufacturing, technology, real estate, retail, energy, healthcare, and education.

You can schedule a consultation through the booking page (Appointments) on this website, call us directly, or send us a message via WhatsApp. Consultations are available in-person at our offices or via video call (Microsoft Teams).

Any individual whose gross total income before deductions exceeds the basic exemption limit (Rs. 2.5 lakh for those under 60, Rs. 3 lakh for senior citizens, Rs. 5 lakh for super senior citizens) must file an ITR. Even below this threshold, filing is mandatory if you have foreign assets/income, deposits above prescribed limits, electricity bills above Rs. 1 lakh, or foreign travel spend above Rs. 2 lakh in the year. We assist with ITR filing for individuals, professionals, businesses, and companies.

The new regime offers lower slab rates but largely removes deductions like 80C, 80D, HRA, and home-loan interest. For salaried taxpayers with limited deductions, the new regime usually works out better. If you fully utilise 80C, claim HRA, pay home-loan interest, or have significant 80D and other deductions, the old regime can still be more tax-efficient. We run a side-by-side comparison for each client before filing so the choice is made with full numbers, not assumptions.

Tax audit is required if business turnover exceeds Rs. 1 crore (or Rs. 10 crore where cash receipts and payments are each within 5% of total receipts/payments), or if professional gross receipts exceed Rs. 50 lakh in the financial year. It is also triggered in certain presumptive-taxation cases where reported income is lower than the prescribed percentage. Audit reports are filed in Form 3CA/3CB along with 3CD and are due before the ITR-filing deadline for audit cases (typically 31 October).

Advance tax is payable in four instalments — 15% by 15 June, 45% (cumulative) by 15 September, 75% by 15 December, and 100% by 15 March. It applies if your estimated annual tax liability after TDS exceeds Rs. 10,000. Senior citizens without business income are exempt. Short-payment attracts interest under Sections 234B and 234C, so accurate estimation is important.

Form 26AS is a consolidated annual tax statement showing TDS, TCS, advance tax paid, refunds, and high-value transactions reported against your PAN. The Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) provide a broader view including interest income, dividend, securities transactions, and foreign remittances. Reconciling your ITR with 26AS and AIS before filing is essential — discrepancies frequently trigger income-tax notices.

For supply of goods, GST registration becomes mandatory when aggregate annual turnover exceeds Rs. 40 lakh (Rs. 20 lakh in special-category states). For services, the threshold is Rs. 20 lakh (Rs. 10 lakh in special-category states). Inter-state supply, e-commerce sellers, casual taxable persons, and certain notified categories must register regardless of turnover. We assist with registration, amendments, cancellation, and migration matters.

Regular taxpayers file GSTR-1 (outward supplies, monthly or quarterly under QRMP) and GSTR-3B (summary monthly return). GSTR-9 is the annual return for taxpayers with turnover above Rs. 2 crore, and GSTR-9C is the self-certified reconciliation for turnover above Rs. 5 crore. Composition dealers file CMP-08 quarterly and GSTR-4 annually. We can set up compliance calendars and handle return filing end-to-end.

GST notices each have specific response timelines and formats. A DRC-01A is a pre-show-cause intimation that can often be resolved by paying or contesting in DRC-03; a DRC-01 is a formal show-cause notice requiring a detailed written reply; an ASMT-10 is a discrepancy notice during scrutiny. Each requires reconciliation between your books, returns, and the department's data. We represent clients before GST authorities at all levels including Appellate Authority and Tribunal.

Form 15CA is required for most remittances abroad by residents, and Form 15CB (a CA certificate) is required where the remittance is taxable and exceeds Rs. 5 lakh during the financial year. There are specified exemptions including remittances under LRS for personal purposes up to the specified limits. We issue 15CB certificates and assist with the 15CA filing on the income-tax portal.

A private limited company must hold its AGM within six months of year-end, file Form AOC-4 (financial statements) within 30 days of AGM, file Form MGT-7 (annual return) within 60 days of AGM, file DIR-3 KYC for all directors annually, and file DPT-3 for deposits/non-deposit money received as of 31 March. Non-compliance attracts daily penalties and DIN deactivation. We provide end-to-end secretarial compliance.

Proprietorship is simplest with lowest compliance but exposes personal assets to business liability. LLP offers limited liability with lower compliance than a company and is suited for professional firms. Private Limited offers limited liability, easier funding from investors, ESOPs, and a separate legal identity — best when raising capital or scaling. We help evaluate the right structure given your funding plans, tax position, and operational needs.

Statutory audit is mandated by the Companies Act for all registered companies and provides an opinion on the financial statements. Tax audit (Section 44AB) is required under the Income-tax Act when turnover crosses prescribed thresholds and produces Form 3CA/3CB and 3CD for the income-tax department. Internal audit (mandatory for certain listed and large unlisted companies) is a continuous review focused on risk, controls, and process improvement — typically appointed by the audit committee.

Fees depend on the nature, complexity, and effort of each engagement and follow the scale of fees recommended by ICAI. We are not permitted under ICAI guidelines to publish fee schedules on a public website. We will share a formal fee quote after the initial scoping discussion so you have clear pricing before any engagement begins.

Yes. While our physical offices are in three cities, we serve clients across India and overseas through video meetings, secure document portals, and on-site visits where the engagement requires. Many of our audit, tax, and advisory engagements are delivered remotely with periodic in-person reviews.

All client matters are governed by the confidentiality obligations under the Chartered Accountants Act, 1949 and the ICAI Code of Ethics. Internally, access to client files is need-to-know, documents are stored on access-controlled systems, and engagement teams sign internal confidentiality undertakings. We also enter into specific NDAs where the client requires it.