What is Assessment?

Assessment in income tax refers to the process by which the government evaluates and verifies the accuracy of the income and financial details provided by a taxpayer in their Income Tax Return (ITR). Every entity which earns income beyond a certain threshold in a Financial Year (FY) is required to file an ITR, which is a statement containing information about their income, deductions, and other relevant financial information. The purpose of an assessment is to confirm that the taxpayer has accurately reported their income and has paid the correct amount of taxes owed. If discrepancies or irregularities are found, the tax authorities may request additional information, conduct further inquiries, or make adjustments to the taxpayer’s tax liability. In some cases, penalties or fines may be imposed if there is evidence of tax evasion or deliberate misreporting.

Why Prefer us

Choosing SPRO&CO as your Chartered Accountant firm for assessment processes is a wise decision for several compelling reasons

Strategic Tax Planning

The firm excels in strategic tax planning, helping you minimise tax liabilities legally.

Representation in Tax Audits

In the event of a tax audit, SPRO&CO will stand by your side, providing representation and assistance in dealing with tax authorities.

Timely and Accurate Assistance

SPRO&CO is committed to ensuring that your tax calculations are accurate and that all filings are made on time.

Customised Solutions

The firm tailors its services to meet your specific needs, whether you're an individual taxpayer or a business entity.

How it Procedure done

Our Dedication

Initial Consultation

Data Collection


Tax Planning

There are various types of assessments in income tax, each serving distinct purposes and criteria.

Service Delivery

Tax Assessment and Planning
SPRO&CO offers comprehensive tax assessment services, ensuring accurate calculations and timely filings. They also specialise in strategic tax planning to minimise tax liabilities.
Audit Representation
The firm represents clients in tax audits, liaising with tax authorities and ensuring a fair and favourable outcome.
Financial Optimization
SPRO&CO provides guidance on optimising financial structures and strategies to improve overall financial performance and minimise tax obligations.
Compliance and Documentation
They ensure clients’ compliance with relevant tax codes and regulations, maintaining meticulous records and documentation for assessment processes.

Benefits of Assessment

Ensures accurate reporting of financial information.

Fair tax liability determination for individuals/entities.

Identifies and corrects potential tax discrepancies.

Maintains the integrity of the tax system.

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Consulting Services

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