Chartered Accountant for Malviya Nagar, Jaipur

Malviya Nagar is largely a residential area of south Jaipur: sector colonies, apartment blocks, the MNIT campus and the office and retail buildings along JLN Marg. The tax questions we get from the area reflect that. They are rarely about running a shop; they are about salary, a second house, a flat under construction or a parent's pension. Four kinds of people make up most of our work from Malviya Nagar.

Salaried professionals and IT or corporate employees

If you receive a Form 16 and nothing else, your return is simple and we will tell you so. The cases that need a CA are the ones with something extra: two employers in the same year, a bonus or arrears paid late, stock options or restricted shares from a foreign parent company, a foreign bank account opened during a posting abroad, or interest and dividend income the employer never saw. We reconcile what your employer reported with the Annual Information Statement, choose between the old and new regimes on actual numbers, and make sure foreign assets and income are disclosed the way the department expects.

Landlords with rental income

Many households in Malviya Nagar own a second flat that is let out, often to students or young professionals. We work out the taxable rent after the deductions the law allows, deal with the tax that a tenant may have deducted before paying you, and split income correctly where a property is owned jointly by spouses or siblings. If the flat was vacant for part of the year, or if a tenant is a company paying rent into your account, we explain how that changes the return.

Buying a flat or plot

Buyers are often surprised to learn they have tax duties of their own. Depending on the price and on whether the seller is a resident or an NRI, the buyer may have to deduct tax before paying and deposit it with the government. Getting this wrong causes trouble for both sides. We check the seller's status, tell you exactly what to deduct, file the deduction return and give the seller the certificate they will need.

Selling property

When a family sells a house or plot in Malviya Nagar, the gain depends on the year of purchase, the cost of improvements, the sale price and the stamp duty value. We compute the gain, explain the reinvestment routes that can reduce or remove the tax, keep track of the deadlines attached to each route, and handle the capital gains account if money has to be parked while you look for the next property. Our guide on selling property in Jaipur covers the basics.

We want to be plain about this: there is no PVAR & Associates office in Malviya Nagar, and we do not plan to pretend otherwise. Our Jaipur work is done from two places: the main branch at Tonk Phatak and the Amba Bari office. You are welcome at either.

In practice, most salaried and rental-income clients from Malviya Nagar never need to come in. A typical year looks like this. You send us Form 16, bank interest certificates, rent details and any broker statements on WhatsApp or by email. We send back a short list of anything missing. We prepare the computation, show you the old-versus-new regime comparison, and once you approve it we file and send the acknowledgement. Questions in between are handled by phone.

Property transactions are different. For a purchase or sale we usually ask for one meeting at Tonk Phatak so we can see the original agreement, the payment trail and the registration papers together. If you cannot come, a scanned set will do, and we take the rest on a call.

CA Amit Kumar Jain leads the Tonk Phatak office. For audit and forensic matters, CA Sharad Bansal at Amba Bari is also available. Either office can take your call on the numbers below.

The same two offices serve the whole city. If you live or work elsewhere in Jaipur, these pages describe how we help people and businesses there.

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• Chartered Accountant for Vaishali Nagar, Jaipur
• Chartered Accountant for C-Scheme and MI Road, Jaipur
• Chartered Accountant for Sitapura Industrial Area, Jaipur
• Chartered Accountant in Jaipur: main page and office details