Welcome to Prowess Tax Consultancy

Your trusted partner in financial and tax services

Get in touch

We're dedicated to delivering innovative solutions that empower businesses to thrive in the digital age.

Location:

12A04, 13th Floor, Manjeera Trinity Corporate, Next to Lulu Mall, Kukatpally, Hyderabad-500072

Email:

jsp@prowesstax.com

Call:

+91 94933 22530

Industries We Serve

Aviation

Automobiles

BPO / KPO

Real Estate

Engineering & Steel

Consumer Goods

Energy & Environment

Infrastructure

Consulting Engineering

Financial Services

Banking and NBFC

Information Technology

Pharmaceutical

Mining

NGO’s

Retail / Wholesale Trading

Management Institute

Sports

Telecommunication / Media

Chemical & Fertilizers

Frequently Asked Questions

What financial and tax services are available?

Services include tax planning, compliance, financial consulting, business advisory, and regulatory reporting.

How can tax planning benefit businesses?

Effective tax planning helps minimize liabilities, ensures compliance with regulations, and identifies savings opportunities.

What is the role of financial audits?

Audits ensure financial accuracy, regulatory compliance, and provide an independent review of records.

How can startups benefit from financial guidance?

Startups receive guidance on registration, compliance, financial structuring, and long-term sustainability planning.

What is GST, and how does it affect businesses?

GST (Goods and Services Tax) is an indirect tax applied to goods and services. Proper registration and compliance are essential.

How can I reduce my tax liability legally?

Tax liability can be reduced through deductions, exemptions, strategic investments, and proper financial structuring.

What are the benefits of business registration?

Business registration provides legal recognition, tax benefits, brand credibility, and access to loans and grants.

What documents are required for income tax filing?

Required documents include PAN card, Form 16, investment proofs, bank statements, and business income records.

How does corporate tax work?

Corporate tax is levied on a company’s profits after allowable deductions. Rates vary based on business type.

What penalties exist for tax non-compliance?

Penalties include fines, interest charges, legal actions, and potential audits by tax authorities.

Can I claim tax deductions for home loans?

Yes, deductions are available for home loan interest payments under Section 80C and Section 24(b).

How can I invest tax-efficiently?

Tax-efficient investments include PPF, ELSS mutual funds, NPS, and tax-saving FDs under Section 80C.