RK
R K Associates
Accounting & Tax Consultancy
Chennai's Trusted Accounting Partner

Let's Unite
by Profession.

Well-experienced in Accounting Services up to Finalization with GST, Income Tax, ESI, EPF and TDS Compliances — tailored to every client, built on trust.

20+
Years of Experience
100%
Customised Advice
Long-term Relationships

Comprehensive Accounting
& Compliance Services

From daily bookkeeping to regulatory filings, our qualified experts simplify your business requirements at every step.

📒

Computerised Accounting

Accurate books, flawlessly maintained from day-to-day entries through to final accounts.

  • Maintenance & Finalization of Books
  • Individuals & Firms
  • Trusts & Associations
👥

Payroll & Labour Compliance

End-to-end payroll management with seamless PF & ESI administration.

  • Payroll Processing
  • PF & ESI Registration & Filings
  • Record Maintenance
  • Response to Department Notices
  • Appeals to Tribunal & Court
🧾

GST Services

Complete Goods & Services Tax support from registration to departmental appeals.

  • GST Registration
  • Monthly & Quarterly Returns
  • GSTR 9 & 9C Annual Returns
  • GST Notice Responses
  • Appeals to Tribunal & Court
💼

Taxation & Planning

Strategic income tax advice that maximises refunds and minimises liabilities.

  • Income Tax Return Filings
  • Income Tax Refunds
  • Assessment Proceedings
  • Appeals

Everything You Need to Know
About GST — Simplified

From registration benefits to return types and notice handling — we guide you through every layer of GST compliance.

Legal RecognitionGet a 15-digit GSTIN authorizing you as a legal supplier of goods or services.
Input Tax Credit (ITC)Claim credit for GST paid on purchases — significantly reducing your tax liability.
Collect Tax LegallyOnly registered entities can legally collect GST from buyers.
Inter-State TradeMandatory for selling goods or services across state lines.
Credibility & ComplianceBuilds trust with clients as a recognized, tax-compliant business.
E-Commerce & TendersGSTIN is required to participate in most e-commerce platforms and government tenders.
Turnover ThresholdAnnual turnover exceeding ₹40 lakhs (goods) or ₹20 lakhs (services) makes registration mandatory.
Inter-State SuppliersAny business supplying goods or services across state borders must register regardless of turnover.
E-Commerce SellersAll sellers on e-commerce platforms must register.
Reverse Charge MechanismEntities required to pay tax under RCM must be registered.

⚠️ Without registration, businesses cannot legally collect tax or claim ITC, and may face penalties.

GSTR-1Monthly/quarterly outward supplies (sales) details. Due 11th or 13th of next period.
GSTR-3BMonthly summary of outward/inward supplies and tax payment. Due 20th of next month.
GSTR-9Annual consolidated return for regular taxpayers.
GSTR-10Final return on cancellation or surrender of GST registration.
GSTR-4Annual return for Composition Scheme taxpayers.
CMP-08Quarterly payment statement for composition dealers. Due 18th of month after quarter.
GSTR-6Monthly return for Input Service Distributors (ISD).
GSTR-7Monthly TDS return for taxpayers deducting tax at source.
GSTR-8Monthly TCS return for e-commerce operators.
GSTR-11For UIN holders to claim refunds on purchases.
ReturnDue DateLate Fee
GSTR-1 (Monthly)11th of next month₹50/day (₹20 for NIL)
GSTR-1 (QRMP)13th of month after quarter₹50/day
GSTR-3B20th of next month₹50/day + 18% p.a. interest
CMP-0818th of month after quarter₹50/day
Default NoticeIssued for failure to file GSTR-1, 3B or other returns. Must be addressed within 15 days.
Scrutiny NoticeIssued when discrepancies are found between filed returns (e.g., GSTR-1 vs 3B). Reply via ASMT-11 within 30 days.
Show Cause – Tax DemandIssued for unpaid taxes, wrong ITC claims, or tax evasion. Reply via DRC-06 within 30 days.
Cancellation NoticeShow cause for cancellation due to non-compliance or non-filing for 6 months (3 for composition dealers).
Audit NoticeIssued for a tax audit by authorities to verify records.
Refund NoticeShow cause notice questioning a submitted refund claim.
Composition ViolationIssued to composition dealers if they violate scheme rules. Response required in 15 days.
Step 1 — ReviewLog into the GST portal, go to View Additional Notices/Orders and carefully examine the reasons stated.
Step 2 — ReplyFile the required response (ASMT-11, DRC-06, etc.) within the specified timeframe — typically 15 to 30 days.
Step 3 — ComplyCorrect errors, pay outstanding taxes, or provide the requested documentation to close the matter.

⚠️ Consequences of ignoring notices include best judgment assessments, penalties, interest, GSTIN cancellation, and even asset/bank attachment under DRC-16.

Section 73 — Demand (No Fraud)For non-payment, short payment or wrongful ITC without malicious intent.
Section 74 — SCN (Fraud)When tax evasion is suspected due to fraud, wilful misstatement or suppression.
Section 61 — ScrutinyScrutiny of returns to verify correctness; results in Form ASMT-10.
Section 63 — Best JudgmentAssessment when a taxpayer fails to file returns (Form ASMT-14).
Section 65 — AuditAudit by tax authorities (Form ADT-01).
Section 29 — CancellationNotice for cancellation or revocation of GST registration (Form REG-17).
Section 108 — RevisionRevision of decisions passed by subordinate officers (Form RVN-01).
Section 129/130 — DetentionSeizure of goods or conveyances in transit.
Received a GST Notice?
Our experts handle all types of GST notices, audits, and appeals — call us immediately.
📞 Call Now

Your Complete Guide to
Income Tax Returns

From why you should file even below the taxable limit, to the right ITR form and how to handle notices — we've got you covered.

Claim Tax RefundsIf TDS deducted exceeds your actual liability, ITR filing is the only way to get your refund back.
Loan & Credit ApprovalBanks require ITRs for 2–3 years to assess income stability for home, car, or personal loans.
Proof of IncomeITR is an official document for renting property, buying high-value insurance, or credit card applications.
Visa ProcessingForeign embassies require tax return copies to verify financial stability for visa approval.
Carry Forward LossesBusiness or market losses can be carried forward to offset against future profits — only if ITR is filed.
Avoid PenaltiesFiling on time protects you from hefty penalties and interest for missing deadlines.
Government TendersITRs are mandatory for business owners applying for government projects and contracts.

💡 Even if your income is below the taxable threshold, filing a return is advisable to maintain a consistent financial record.

Unified Tax YearThe concepts of "assessment year" and "previous year" are replaced by a single unified "tax year" for simplicity.
Simplified DefinitionsThe 2025 Act simplifies definitions particularly around salary income, reducing interpretation disputes.
Presumptive TaxationSpecific presumptive income options are retained; accounts must be maintained if income is lower than the prescribed rate.
Implementation DateWhile enacted in 2025, the new Act takes effect from April 1, 2026 (AY 2026-27). Earlier filings follow the existing Act.
1. Salary / PensionRemuneration, allowances, and perquisites received from employment or pension.
2. House PropertyIncome from renting out residential or commercial property.
3. Profits & Gains of Business or Profession (PGBP)Profits earned from running a business or practising a profession.
4. Capital GainsProfits from the sale or transfer of capital assets such as stocks, mutual funds, or property.
5. Income from Other SourcesInterest, dividends, family pension, lottery winnings, or any income not covered above.
ITR-1 (SAHAJ)Resident individuals with income up to ₹50 lakh from salary, one house property & other sources.
ITR-2Individuals/HUFs with income >₹50L, capital gains, foreign income, or directorships (no business income).
ITR-3Individuals or HUFs with income from a proprietary business or profession.
ITR-4 (SUGAM)Individuals, HUFs & firms (not LLP) with presumptive business income up to ₹50 lakh.
ITR-5Firms, LLPs, Association of Persons (AOPs), and Body of Individuals (BOIs).
ITR-6Companies other than those claiming exemption under Section 11.
ITR-7Charitable/religious trusts, political parties, and institutions under Sections 139(4A–4D).
Original ReturnFiled within the due date — the standard filing every taxpayer should aim for.
Belated ReturnFiled after the due date but before the end of the relevant assessment year.
Revised ReturnFiled to correct errors or omissions in the original return already submitted.
Updated ReturnAllows updating your return within 24 months from the end of the relevant assessment year.
IntimationIssued after initial return processing — highlights discrepancies or calculates tax/refund due.
Scrutiny NoticeSelects your return for detailed examination to ensure income has not been underreported.
Pre-Assessment InquiryRequires you to produce documents, accounts, or information before assessment is finalized.
Income Escaping AssessmentIssued when the officer believes taxable income was missed or omitted in earlier filings.
Notice of DemandSent when tax, interest, penalty, or fine is payable as a result of a departmental order.
Defective ReturnIssued if the ITR is considered incomplete — e.g., missing schedules or incorrect details.
Refund AdjustmentInforms you that your refund will be adjusted against a previous outstanding tax demand.
Form 26AS MismatchInconsistencies between TDS reflected in Form 26AS and what was declared in your ITR.
High-Value TransactionsNon-reporting of significant cash deposits, property purchases, or investments.
Wrong DeductionsErrors in tax calculation or claiming deductions you are not eligible for.
Non-FilingFailure to file an ITR when your income is above the taxable threshold.

⚠️ Ignoring notices can lead to penalties, interest, or "best judgment assessment" — where the officer calculates your tax arbitrarily.

Got an Income Tax Notice?
Our experts handle scrutiny, demands, assessments and appeals — respond on time, every time.
📞 Call Now

Employees' State Insurance —
Complete Guide for Employers

Understand ESI benefits, eligibility, contribution rates, and how to handle notices — protecting both your workforce and your business.

Medical BenefitFull medical care from Day 1 — outpatient, inpatient, specialist & diagnostics for employee and dependents.
Sickness Benefit70% of average daily wages during certified sick leave, up to 91 days in two consecutive benefit periods.
Extended Sickness80% of wages for up to 124 days (extendable) for 34 specified long-term diseases.
Maternity Benefit100% of average daily wages for 26 weeks of maternity leave (extendable by 4 weeks).
Disablement — Temporary90% of wages for the entire duration of temporary disablement due to work injury.
Disablement — PermanentLifelong income percentage based on the degree of loss of earning capacity.
Dependents' BenefitIf an employee dies due to a work injury, spouse and children receive 90% of wages as monthly pension.
Unemployment AllowanceUnder ABVKY — 50% of salary for up to 24 months for employees who lose jobs involuntarily.
Funeral ExpensesUp to ₹15,000 paid to the family to cover funeral rites of a deceased insured employee.
Confinement Expenses₹5,000 provided if delivery occurs in a location without ESI medical facilities nearby.
RehabilitationVocational and physical rehabilitation training for disabled employees to regain employment capability.
Old Age Medical CareContinued medical coverage for retired insured persons and their spouse after superannuation.

💼 Employer Benefit: ESI coverage exempts employers from obligations under the Maternity Benefit Act and Employees' Compensation Act.

Wage LimitEmployees with gross monthly salary of ₹21,000 or less are covered. For persons with disabilities, the limit is ₹25,000. Overtime, bonus, and leave encashment are excluded from this calculation.
Establishment SizeFactories and notified establishments (shops, hotels, restaurants, cinemas, newspaper offices, private medical/educational institutions) with 10 or more employees must register.
Type of EmploymentCovers permanent, temporary, contractual, and casual employees — all are included.
Age LimitThere is no minimum or maximum age limit for ESI coverage.
Low-Wage ExemptionEmployees earning less than ₹176/day are exempt from making contributions, but the employer must still contribute on their behalf.
ContributorRateBasis
Employee0.75%Of gross monthly salary
Employer3.25%Of gross monthly salary
Total4.00%Combined contribution per employee

📅 Contributions must be deposited by the 15th of the following month. Delayed payments attract interest and damages under the ESI Act.

⚠️ Employees earning below ₹176/day are exempt from employee contribution — but employer contribution remains mandatory.

Show Cause Notice — Non-ComplianceIssued when an employer fails to register employees within 10 days of appointment. Reply required within 15 days via the online portal.
Inspection NoticeFormal notice for verification of records — muster rolls, wage records, and accident registers — to ensure ESI Act compliance.
Delayed Payment NoticeIssued for delays in contribution payments. May include interest and damages in addition to the outstanding amount.
Accident NoticeMandatory notice submitted by the employer to the branch office within 24 hours of a workplace accident.
Termination NoticeIssued to affiliated institutions (e.g., colleges) for violations such as incorrect information dissemination — one month's notice given.
Extension NoticeGovernment notice extending the ESI Act to new establishments — typically one month's notice via the Official Gazette.

⚠️ Failure to respond to ESIC notices can result in legal action, penalties, or termination of institutional affiliation.

Need ESI Registration or Notice Help?
We handle ESI registration, monthly filings, record maintenance, and all ESIC notice responses.
📞 Call Now

Employees' Provident Fund —
Registration, Returns & Notices

From mandatory registration thresholds to contribution rates, return filing and notice handling — your complete EPF compliance reference.

Retirement SavingsSecure long-term savings with interest at 8.50% p.a. (or as declared), paid as a lump sum on retirement.
Pension (EPS)Monthly pension after retirement upon completing the required years of service under the Employees' Pension Scheme.
Life Insurance (EDLI)Insurance cover of up to ₹7 lakhs at zero premium cost to the employee.
Partial WithdrawalsAccess funds for medical emergencies, marriage, education, or purchasing a home — without closing the account.
Tax BenefitsContributions are tax-exempt under Section 80C; interest earned is also non-taxable.
Portability via UANUniversal Account Number (UAN) keeps the EPF account active and portable across different employers.
Legal CompliancePrevents penalties and legal proceedings for companies with 20 or more employees under the EPFO framework.
Employee RetentionDemonstrates commitment to employee welfare, building long-term trust and reducing attrition.
Better CredibilityAdhering to labour laws enhances company reputation with clients, partners and future hires.

🆕 2025 Government Incentive: For first-time employees, the government provides one month's EPF wages (up to ₹15,000) split across two instalments to encourage formal employment registration.

Mandatory ThresholdAll establishments employing 20 or more individuals must register under the EPF Act.
Voluntary CoverageEstablishments with fewer than 20 employees may also register voluntarily to provide provident fund benefits.
Registration DeadlineRegistration must be completed within 30 days of reaching the threshold of 20 employees.
Entity ProofPAN Card of company/firm/proprietor + Certificate of Incorporation or Partnership Deed.
Owner DetailsPAN and Aadhaar Card of Proprietor, Partners, or Directors.
Address ProofUtility bills (electricity/water/telephone) not older than 2 months, or Rent/Lease Agreement.
Bank InformationCancelled cheque or bank statement of the entity.
Business LicenceShop & Establishment Certificate, GST Certificate, or other government-issued licence.
Digital SignatureDSC of the Authorised Signatory or Director.
Employee DataList of all employees with name, DOB, salary, and date of joining.
Filing ProcessEmployers upload a TXT format file containing UAN-based member details and monthly wages to the EPFO portal (Electronic Challan cum Return).
DeadlineECR must be filed and payment made by the 15th of each month for the previous month's wages.
Online OnlyThe process is entirely digital — no paper returns required. ECR covers Forms 5, 10, 12A, 3A, and 6A automatically.
Error CorrectionIf validation fails, the system generates an error file for correction. A Revised Return can be filed if errors are found after submission.
ContributorRateDirected To
Employee12%EPF Account (full 12% to PF)
Employer — EPF3.67%Employee's EPF Account
Employer — EPS8.33%Pension Fund (EPS)
Employer Total12%EPF + EPS combined

📐 Contributions are calculated on Basic Salary + Dearness Allowance (DA). Interest (Section 7Q) and damages (Section 14B) apply on delayed payments.

Show Cause NoticeInitiates an inquiry to determine amounts due from an employer — for non-payment, under-payment, or non-compliance. Employer must explain the failure.
Notice of EnquiryIssued when a dispute arises over applicability of the Act to an establishment or to determine arrears.
Demand NoticeDemands payment of unpaid EPF dues including interest under Section 7Q and damages under Section 14B.
Penalty NoticeIssued for non-payment of contributions, deducting employer's share from employees, or non-submission of returns.
Audit / Inspection NoticeIssued when EPFO Inspectors conduct an audit of employer records — additional documentation may be required.
Non-Enrolment NoticeSent when an employer fails to enrol eligible employees in the EPF scheme.
Cancellation of ExemptionIssued when an exempted establishment fails to comply with exemption conditions — e.g., losses for three consecutive years.
Recovery NoticeIssued by a Recovery Officer for attachment/sale of property or arrest of employer if dues remain unpaid after demand notice.
Service MethodNotices are typically served via speed post with proof of delivery to the registered employer address.
Right to RepresentEmployers are given a reasonable opportunity to present their case before any final order is passed.
E-ProceedingsMany notices are now issued and responded to through the EPFO's online e-proceeding portal — reducing paperwork and timelines.

⚠️ Ignoring EPFO notices can escalate to property attachment, bank account recovery, or criminal prosecution under the EPF Act.

Need EPF Registration or Notice Assistance?
We handle EPF registration, monthly ECR filings, and all EPFO notice responses and e-proceedings.
📞 Call Now

Why Accurate Books Are the
Foundation of Every Business

Good bookkeeping isn't just about compliance — it gives you real-time visibility into your business, drives smarter decisions, and protects you at every stage of growth.

Regular tracking of income and expenses gives you a live view of money moving in and out of your business. This ensures bills are paid on time, prevents overdrafts, and keeps sufficient funds available for day-to-day operations — avoiding the cash crunches that derail even profitable businesses.

Balance sheets and income statements give you a clear, real-time picture of your business's financial health — profit, loss, assets, and liabilities. With this clarity, business owners can make confident, data-driven decisions about pricing, hiring, expansion, or cost-cutting rather than relying on guesswork.

Up-to-date, well-organized financial records make tax filing accurate and stress-free — reducing the risk of errors, penalties, and unwanted audits. Staying compliant with GST, Income Tax, TDS, ESI, and EPF requirements becomes far simpler when your books are in order throughout the year, not just at year-end.

Historical financial data is your most powerful planning tool. Analysing past performance and current trends allows you to build realistic budgets, set achievable targets, and anticipate seasonal fluctuations — giving your business a structured path to growth rather than reactive firefighting.

Systematic, regular recording of every transaction creates an auditable trail. Discrepancies, duplicate payments, unauthorized transactions, and accounting errors are caught early — before they compound into serious financial or legal problems. This is especially critical for businesses with multiple employees handling finances.

Banks require clean financial statements for loan approvals. Investors need reliable records to assess business viability. Accurate, professionally maintained books demonstrate stability, transparency, and trustworthiness — making it significantly easier to secure funding, credit lines, or partnerships when you need them most.

Organized bookkeeping systems — or a trusted professional handling your accounts — free you from administrative burden. Instead of scrambling for receipts at tax time or chasing down payment records, you can focus entirely on running and growing your business, with the confidence that your finances are accurate and current.

20+
Years maintaining client books
4
Entity types — Individuals, Firms, Trusts, Associations
100%
Computerised, audit-ready records
Long-term client relationships
Want Us to Manage Your Books?
We maintain and finalize accounts for individuals, firms, trusts, and associations — end to end.
📞 Call Now

Unlock Government Benefits
for Your Business

Udyam Registration gives Indian MSMEs legal recognition and access to a powerful set of financial, legal, and government advantages — with permanent validity and no renewal required.

🆓
Paperless & Free
No registration fees
♾️
Permanent Validity
No renewal ever needed
🏦
Collateral-Free Loans
Via Credit Guarantee Scheme
⚖️
Payment Protection
3× RBI rate on late payments

Udyam-registered businesses gain access to collateral-free loans through the Credit Guarantee Scheme, meaning you don't need to pledge property or assets to secure funding. Banks are required to treat MSMEs as priority sector borrowers, resulting in lower interest rates and faster approvals — giving smaller businesses a level playing field against larger corporations.

One of the most powerful protections under the MSMED Act — if a buyer delays payment beyond 45 days, your business is legally entitled to claim compound interest at 3 times the RBI bank rate. This gives MSMEs real leverage when dealing with large buyers or corporates who may otherwise delay payments indefinitely.

Registered MSMEs receive special preference in government procurement tenders, including relaxed eligibility criteria and price preferences. You also get direct access to the Government e-Marketplace (GeM) — India's official online portal for public procurement — opening up a massive, stable revenue channel for your business.

Trademark / PatentSignificantly reduced government fees for trademark and patent registration applications.
Electricity BillsSubsidies on electricity tariffs for registered MSME units — reducing operating costs.
ISO CertificationReimbursement of ISO certification costs, enabling quality compliance at lower expense.
Export SchemesAccess to export promotion schemes and duty drawback benefits for internationally trading MSMEs.
Who Can RegisterManufacturing and service enterprises that meet the prescribed investment and annual turnover criteria set by the Ministry of MSME.
Documents NeededAadhaar Card, PAN Card, Bank Details (account number & IFSC), and Firm Name & Address. PAN and GST data are auto-integrated for business classification.
ProcessEntirely paperless — registration is done online through the Udyam Registration Portal. No physical documents need to be submitted.
ValidityPermanent — once registered, no renewal is ever required. The certificate remains valid for the lifetime of the business.

💡 PAN and GST data are automatically integrated during registration for faster classification and access to benefits.

Register Your Business as an MSME Today
We handle the entire Udyam registration process — quickly, accurately, and paperlessly.
📞 Call Now

TDS & TCS Compliance —
Simplified Tax Deduction Management

TDS (Tax Deducted at Source) ensures a steady and transparent revenue stream while reducing tax evasion and simplifying tax compliance through the “Pay-As-You-Earn” system and Form 26AS integration.

TDS on Salary Form 138 replaces Form 24Q. Annual salary certificate issued in Form 130 replacing Form 16.
TDS on Non-Salary Payments Covers old sections 194C, 194J, 194H, 194I, 194D and more. Numeric payment codes (1001–1067) mandatory in challans and returns.
TCS Flat 2% TCS on many categories including luxury goods, e-commerce and overseas remittances. Certificate issued in Form 133 replacing Form 27D.
Form 130 Salary TDS Certificate replacing old Form 16.
Form 131 Non-salary TDS Certificate replacing old Form 16A.
Form 133 TCS Certificate replacing old Form 27D.
Form 138 Quarterly salary TDS return replacing Form 24Q.
Form 140 Quarterly resident non-salary TDS return replacing Form 26Q.
Form 144 Quarterly non-resident TDS return replacing Form 27Q.

Everything Else Your
Business Needs

Beyond core accounting, we handle a wide range of registrations, filings and reporting requirements.

📊 TDS Computation & Filings
📈 MIS Reporting
🏦 CMA Reports
🏭 MSME (UDYAM) Registration
🌐 IEC Registration
🍽️ FSSAI Registration
™️ Trademark Registration
🔏 DSC (Digital Signature)
📋 E-Tender Assistance

Two Decades of Trust,
Expertise & Integrity

We don't just file returns — we build lasting professional relationships with our clients.

01

20+ Years Experience

Deep domain knowledge built over two decades of serving individuals, firms, and organisations.

02

Customised Consultancy

Every client gets solutions built specifically around their needs, not a one-size-fits-all template.

03

End-to-End Support

From registration to departmental notices and tribunal appeals — we stand with you at every stage.

04

Simplified & Clear

We translate complex compliance requirements into clear, simple action plans for your business.

Let's Start a Conversation

We'd love to understand your requirements and show you how we can help simplify your business.

Contact Details

📍
Address

No.57 A, Periyar Nagar,
Thiruvottiyur,
Chennai – 600 019

R K Associates - Legal and Tax Consultant

Serving clients across Chennai and beyond for over 20 years.

📍 No.57 A, Periyar Nagar
Thiruvottiyur, Chennai – 600 019

Open Mon – Sat · 9 AM – 6 PM
WA