Frequently Asked Questions

Find answers to common questions about our services and processes

What services does DRKD provide?
DRKD provides comprehensive financial advisory and compliance services including Income Tax, GST, Corporate Law, Excise & Customs, Accounting, Audit, and Business Consulting services. We serve individuals, businesses, corporates, and startups across various industries.
How can I schedule a consultation?
You can schedule a consultation by visiting our Contact page, calling us directly, or sending an email. Our team will get back to you within 24 hours to schedule a convenient time for your consultation.
What are your consultation fees?
Our fees vary depending on the complexity of services required. We offer competitive pricing and transparent fee structures. Contact us for a detailed quote based on your specific requirements.
What is the deadline for filing Income Tax Returns?
For individuals and businesses (non-audit cases), the ITR filing deadline is typically July 31st of the assessment year. For audit cases, it's September 30th. However, these dates may be extended by the government, so stay updated with our announcements.
Do I need to file ITR if my income is below taxable limit?
While it's not mandatory if your income is below the basic exemption limit, filing ITR can be beneficial for loan applications, visa processing, and maintaining financial records. We recommend filing even if not mandatory.
Can you help with tax planning and optimization?
Yes, we provide comprehensive tax planning services to help you legally minimize your tax liability through various exemptions, deductions, and investment planning strategies available under the Income Tax Act.
When is GST registration mandatory?
GST registration is mandatory when your aggregate turnover exceeds Rs. 40 lakhs (Rs. 20 lakhs for special category states) for goods, or Rs. 20 lakhs (Rs. 10 lakhs for special category states) for services. It's also mandatory for inter-state supplies, e-commerce operators, and certain other categories.
What are the GST return filing frequencies?
GST returns frequency depends on turnover and scheme opted. GSTR-1 and GSTR-3B are monthly/quarterly, GSTR-9 is annual. Small taxpayers can opt for quarterly filing under QRMP scheme. We help ensure timely filing to avoid penalties.
How can I claim Input Tax Credit (ITC)?
ITC can be claimed on purchases used for business purposes, provided you have valid tax invoices and the supplier has filed their GST returns. We help optimize ITC claims and ensure compliance with GST regulations.
What is required to incorporate a company?
Company incorporation requires DIN for directors, DSC, name approval, MOA/AOA preparation, and ROC filing. We handle the entire process including obtaining PAN, TAN, and bank account opening assistance.
What are the annual compliance requirements for companies?
Companies must file annual returns (AOC-4, MGT-7), conduct board meetings, AGM, maintain statutory registers, and comply with various ROC filings. We provide end-to-end compliance management services.
How long does it take to process my request?
Processing time varies by service type. Simple filings may take 2-3 days, while complex matters like company incorporation or audits may take 2-4 weeks. We always provide realistic timelines upfront and keep you updated throughout the process.

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