A Chartered Accountancy firm based in Kolkata, in continuous practice since 1998. Audit, taxation, and corporate compliance services for companies, professionals, and family enterprises.
Practice Areas
An outline of the professional services provided by the firm. Detailed information is available on enquiry.
Filing of income tax returns for individuals, firms, LLPs, companies, and trusts. Tax planning and representation before income tax authorities.
Statutory audits, tax audits, internal audits, stock audits, and other assurance engagements undertaken in accordance with the Standards on Auditing issued by ICAI.
Registration, return filing, reconciliation, and advisory on indirect taxation. Representation before GST authorities.
Incorporation, annual filings, and secretarial compliance for companies and limited liability partnerships.
Computation, deposit, return filing, and reconciliation of tax deducted and collected at source.
Project reports, business valuation, financial structuring, and management advisory for businesses and start-ups.
Educational Tools
Indicative computations under current law (FY 2025-26 / AY 2026-27). These tools do not constitute professional advice and individual circumstances may vary. For precise computation, please consult the firm.
Old Regime
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Lower tax
New Regime (default)
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Lower tax
Breakdown — better regime
Computation for a resident individual under the Income-tax Act, 2025 (FY 2025-26 / AY 2026-27). Old-Regime basic exemption follows the age category selected (₹2.5L / ₹3L / ₹5L for below-60 / 60–79 / 80+). Capital-gains rates and the ₹1,25,000 exemption under Section 112A reflect the position for transfers on or after 23 July 2024. The optional 20% with-indexation election for pre-23-Jul-2024 land or building is applied to the amount entered in that field; the per-property choice between the two treatments must be made externally. Surcharge on capital gains taxed at special rates (Sec 111A, 112A, 112) is capped at 15%. Rebate under Section 157 (new) / 87A (old) does not apply to tax computed at special rates on capital gains. Agricultural-income aggregation and surcharge marginal relief at the ₹50L / 1Cr / 2Cr / 5Cr thresholds are not modelled. Results are indicative — please consult the firm for a precise computation.
Statutory Calendar
General due dates prescribed under the Income-tax Act and the GST law. These are standing statutory timelines, not specific advice — dates are periodically extended by government notification, so always confirm the current position on the official portal before relying on them.
Payable in cumulative instalments by every assessee whose estimated tax liability for the year exceeds ₹10,000.
Assessees under the presumptive scheme pay 100% in a single instalment by 15 March.
Standard timelines for regular taxpayers filing monthly returns.
*Taxpayers under the QRMP scheme, and those in certain states, follow a staggered 22nd/24th schedule — confirm your category on the GST portal.
Timelines for depositing tax deducted at source and filing quarterly TDS returns.
From the Statute Book
Selected recent notifications, circulars, and case-law developments relevant to income-tax, GST, and corporate compliance. Every entry cites the official source; readers should consult the original notification for authoritative wording.
In preparation
Curated statutory summaries will be published here.
The firm posts short, source-linked summaries of significant recent notifications, circulars, and case-law developments. For the current position in the meantime, refer to the official sources below.
Official sources: Income Tax Department · GST Portal · CBIC · Ministry of Corporate Affairs
From the Firm
Considered writing by the firm on questions in income-tax, GST, corporate law, and audit. Articles are general in nature and do not constitute professional advice on any particular matter.
In preparation
The firm’s writing will appear here.
Articles on income-tax, GST, corporate compliance, and audit — general in scope and written for practitioners and clients alike. Please write to the firm if you would like to be notified when new pieces are published.
About
Rakesh Baid & Company has been in continuous practice in Kolkata since 1998. The firm is a proprietorship, with the proprietor being a Fellow Member of the Institute of Chartered Accountants of India.
The firm's work is governed by the standards and ethics prescribed by ICAI. We undertake audit, taxation, GST, MCA, and advisory engagements for clients across a range of industries.
Proprietor
Fellow Member of the Institute of Chartered Accountants of India. Associate of the Institute of Cost Accountants of India (ACMA). Diploma in Information Systems Audit (DISA) and Diploma in Insurance and Risk Management (DIRM), both post-qualification courses of ICAI.
Get in Touch
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