Name: NEXTGEN PROFICIENT ADVISORS LLP
Address: Office No. G-703, Survey No. 96/97, Yashada Supreme, Moshi Alandi Road, Pimpri Chinchwad, Pune, 412105, IN
Telephone: +91 7972768247
Price range: ₹₹

Question 1

What is the address of NEXTGEN PROFICIENT ADVISORS LLP?

Accepted Answer

Our main office is located at Office No. G-703, Survey No. 96/97, Yashada Supreme, Moshi Alandi Road, Pimpri Chinchwad, Pune 412105. (Registered address: Flat No G-703, S.No.9697 Yashda Supreme, Dudulgaon Moshi Pune Haveli Maharashtra 412105).

Question 2

Who are the designated partners of NEXTGEN PROFICIENT ADVISORS LLP?

Accepted Answer

The designated partners are SAMIR NIVRUTTI CHAUDHARI and SUDAMA SHANKAR ERANDE, both of whom have been guiding the firm since its incorporation on October 17, 2025.

Question 3

How can I contact the company?

Accepted Answer

You can reach us at info@canextgen.com or call us at +91 7972768247.

Question 4

When was NEXTGEN PROFICIENT ADVISORS LLP established?

Accepted Answer

The firm was established and registered under RoC-Pune on October 17, 2025 (LLPIN: ACS-1138).

Question 5

What services does NEXTGEN PROFICIENT ADVISORS LLP provide?

Accepted Answer

NEXTGEN PROFICIENT ADVISORS LLP is a professional advisory firm offering GST registration and filing, income tax return filing, company registration, ROC compliance, accounting and bookkeeping, audit support, TDS filing, startup consulting, payroll services, trademark registration, business tax planning, and financial advisory services.

Question 6

How do I register my business for GST?

Accepted Answer

GST registration is a straightforward process. You need to provide your PAN, Aadhaar, business address proof, bank account details, and photographs. Our team handles the entire application process on the GST portal and ensures approval within 3-7 working days.

Question 7

What is the deadline for filing Income Tax Returns?

Accepted Answer

For individuals and HUFs, the deadline is July 31st of the assessment year. For businesses requiring audit, the deadline is October 31st. We recommend filing well before the deadline to avoid last-minute rush and penalties.

Question 8

How long does it take to register a Private Limited Company?

Accepted Answer

Company registration typically takes 7-15 working days from the date of submission of all required documents. The process includes obtaining DSC, DIN, name reservation, and incorporation filing.

Question 9

What are the annual compliance requirements for a Private Limited Company?

Accepted Answer

A Private Limited Company must file annual returns and financial statements with the ROC, conduct annual audit as required, hold an AGM, file income tax return, and maintain statutory registers.

Question 10

Do you provide services for individual taxpayers as well?

Accepted Answer

Absolutely! We provide comprehensive services for individual taxpayers including ITR filing, tax planning, capital gains computation, property tax advisory, and investment planning.

Question 11

What is the difference between GST registration under regular and composition scheme?

Accepted Answer

Under the regular scheme, you can claim input tax credit and must file monthly/quarterly returns. The composition scheme is for small businesses with turnover up to ₹1.5 crore offering lower tax rates but no input tax credit.

Question 12

How can I reduce my business tax liability legally?

Accepted Answer

There are several legal strategies to optimize your tax liability including claiming all eligible deductions, choosing the right business structure, optimizing salary structure, investing in tax-saving instruments, and planning capital expenditures strategically.

Question 13

What documents are required for TDS return filing?

Accepted Answer

For TDS return filing, you need TAN details, PAN of deductor and deductees, challan payment details, Form 16/16A issued to deductees, and details of TDS deducted during the quarter.

Question 14

Do you offer virtual/online consultation services?

Accepted Answer

Yes! We offer comprehensive virtual consultation services through video calls, email, and our client portal. You can schedule a consultation at your convenience.

Question 15

What are the penalties for late filing of GST returns?

Accepted Answer

Late filing of GST returns attracts a penalty of ₹50 per day (₹20 for nil returns) for GSTR-3B, up to a maximum of ₹5,000. Additionally, interest at 18% per annum is payable on the tax liability from the due date.

Question 16

How often should a business get audited?

Accepted Answer

Statutory audit is required annually for companies and businesses meeting certain turnover thresholds. Internal audits can be conducted quarterly or as needed. We recommend regular internal audits to identify issues early.

Question 17

Do you serve clients outside Pune?

Accepted Answer

Yes, we serve clients across India. While our office is based in Pune, we offer virtual consultations and document processing for clients anywhere in the country. Our online portal makes it easy to share documents and track progress remotely.

Question 18

How do I get started with your services?

Accepted Answer

Getting started is simple. You can call us at +91 7972768247, email us at info@canextgen.com, or fill out the contact form on our website. We will schedule a free initial consultation to understand your requirements and provide a customized service plan.

Question 19

What is GST input tax credit (ITC) and how does it work?

Accepted Answer

Input Tax Credit (ITC) allows businesses to reduce the tax payable on output supplies by claiming credit for the GST already paid on purchases and expenses. To claim ITC, you must possess a valid tax invoice, have received the goods/services, and ensure your supplier has filed their returns and paid the tax.

Question 20

What are the different types of GST returns and who should file them?

Accepted Answer

Key GST returns include GSTR-1 (outward supplies), GSTR-3B (summary return), GSTR-9 (annual return), and GSTR-9C (reconciliation statement). Regular taxpayers file monthly GSTR-1 and GSTR-3B, while composition dealers file quarterly GSTR-4. Our team handles all return filings on your behalf.

Question 21

What tax-saving deductions can I claim under Section 80C?

Accepted Answer

Section 80C allows deductions up to ₹1.5 lakh per year on investments such as PPF, ELSS mutual funds, life insurance premiums, EPF, NPS, tax-saving fixed deposits, and principal repayment on home loans. Our tax advisors can help you plan the optimal mix based on your financial goals.

Question 22

What is the difference between tax avoidance and tax evasion?

Accepted Answer

Tax avoidance is the legal use of tax provisions to minimize tax liability through legitimate deductions, exemptions, and planning. Tax evasion is the illegal non-payment or underpayment of taxes through concealment, misrepresentation, or fraud. Tax evasion carries severe penalties including prosecution and imprisonment.

Question 23

What is the difference between a Private Limited Company, LLP, and Proprietorship?

Accepted Answer

A Private Limited Company offers limited liability and separate legal entity status but has higher compliance requirements. An LLP combines limited liability with lower compliance and is ideal for professional services. A Proprietorship is the simplest structure with no registration formalities but offers no liability protection and limited scalability.

Question 24

What documents are needed for company registration?

Accepted Answer

For company registration, you need PAN cards and Aadhaar cards of the proposed directors, passport-size photographs, proof of registered office address (electricity bill or rent agreement), utility bill, and NOC from the property owner. Foreign nationals need passport and visa documents additionally.

Question 25

What happens if I miss the ROC compliance deadline?

Accepted Answer

Missing ROC compliance deadlines can result in late filing fees of ₹100 per day per form, additional penalties, and potential striking off of the company from the register of companies. Directors may also face disqualification from being appointed as directors in other companies.

Question 26

What is a DIN and how do I obtain one?

Accepted Answer

DIN (Director Identification Number) is a unique 8-digit number required to be a director of a company in India. It can be obtained by applying through the SPICe+ form on the MCA portal along with identity proof, address proof, and a digital signature. Once issued, the DIN is valid for a lifetime.

Question 27

What is the due date for TDS payment and return filing?

Accepted Answer

TDS deducted must be deposited to the government by the 7th of the following month. TDS returns (Form 24Q, 26Q, 27Q) are filed quarterly — due dates are July 31 (Q1), October 31 (Q2), January 31 (Q3), and May 31 (Q4). Late payment attracts interest of 1.5% per month.

Question 28

What is a tax audit under Section 44AB and who needs it?

Accepted Answer

A tax audit under Section 44AB is a statutory audit of a business's books of accounts. It is mandatory if your business turnover exceeds ₹1 crore (₹10 crore for digital transactions) or if your professional gross receipts exceed ₹50 lakh. The audit report in Form 3CA/3CB and Form 3CD must be filed by October 31 of the assessment year.

Question 29

What is MahaRERA and who needs to register under it?

Accepted Answer

MahaRERA (Maharashtra Real Estate Regulatory Authority) is the regulatory body established under RERA Act 2016 to regulate the real estate sector in Maharashtra. Any project with land area exceeding 500 sq. meters or 8 apartments must register under MahaRERA before advertising or selling. Similarly, all real estate agents dealing in RERA-registered projects must obtain agent registration.

Question 30

How do I register as a real estate agent under MahaRERA?

Accepted Answer

To register as a real estate agent under MahaRERA, you need to submit Form A through the MahaRERA portal along with your PAN, Aadhaar, address proof, educational qualifications, photograph, and the prescribed fee. The registration is valid for 5 years and must be renewed before expiry. Our team handles the entire application process on your behalf.

Question 31

What documents are required for RERA project registration?

Accepted Answer

For RERA project registration, you need land ownership documents, title deed, building sanction plans, commencement certificate, development plan approval, encumbrance certificate, carpet area details, layout plan, escrow account details, and undertaking for project completion. All documents must be self-certified and uploaded on the MahaRERA portal along with Form A.

Question 32

What are the quarterly compliance requirements under MahaRERA?

Accepted Answer

Developers must file quarterly returns on the MahaRERA portal within 7 days of each quarter end, reporting project progress, number of units sold, receipts from allottees, and amounts withdrawn from the escrow account. The returns must be certified by an architect, engineer, and chartered accountant. Non-compliance can lead to penalties and project suspension.

Question 33

How can I apply for an extension of my RERA project?

Accepted Answer

To apply for a RERA project extension, you must file Form D on the MahaRERA portal along with a justification for the delay, revised completion timeline, project progress report, and consent from at least 51% of the allottees. The authority may grant an extension upon being satisfied with the reasons and may impose additional conditions.

Question 34

What is a RERA audit and why is it required?

Accepted Answer

A RERA audit is a mandatory financial and operational compliance audit of a RERA-registered project, conducted by a qualified chartered accountant. It involves verifying escrow account transactions, fund utilization, project progress, quarterly returns, and adherence to RERA regulations. The audit ensures transparency and protects homebuyers' interests.

Question 35

What is the difference between bookkeeping and accounting?

Accepted Answer

Bookkeeping is the day-to-day recording of financial transactions such as sales, purchases, receipts, and payments. Accounting goes beyond bookkeeping to include interpreting, classifying, analyzing, and summarizing financial data to generate reports like profit and loss statements, balance sheets, and cash flow statements. We offer both services tailored to your business size and needs.

Question 36

Why should I outsource accounting services to a professional firm?

Accepted Answer

Outsourcing accounting saves costs on full-time staff, ensures compliance with changing tax laws, provides access to expert professionals, reduces the risk of errors and penalties, gives you accurate financial insights for decision-making, and allows you to focus on core business activities. Our firm uses modern accounting tools to deliver accurate and timely financial reports.

Question 37

What financial statements should a business prepare regularly?

Accepted Answer

Every business should prepare a profit and loss statement (income statement), balance sheet, cash flow statement, and funds flow statement at minimum on a quarterly basis. These statements provide critical insights into profitability, financial position, liquidity, and solvency. We also prepare MIS reports tailored to your business KPIs for informed decision-making.

Question 38

What is a loan against property (LAP) and how does it work?

Accepted Answer

A Loan Against Property (LAP) is a secured loan where you pledge your residential or commercial property as collateral to avail funds up to 60-70% of the property's market value. The loan can be used for business expansion, debt consolidation, education, medical emergencies, or any other financial need. Repayment tenure ranges from 5 to 20 years with competitive interest rates.

Question 39

What is an unsecured business loan and who is eligible?

Accepted Answer

An unsecured business loan (UBL) is a collateral-free loan provided based on the business's creditworthiness, cash flow, and financial health. Eligibility typically requires a business vintage of 2-3 years, minimum annual turnover, and a good CIBIL score (700+). Loan amounts range from ₹5 lakh to ₹50 lakh with tenure of 12-60 months and quick disbursal within 3-7 days.

Question 40

How does working capital funding help my business?

Accepted Answer

Working capital funding bridges the gap between your operational expenses and revenue receipts. It helps manage day-to-day cash flow needs such as inventory purchases, payroll, vendor payments, and operational overheads during seasonal fluctuations or growth phases. We offer revolving credit facilities, invoice financing, and inventory funding solutions tailored to your business cycle.

Question 41

What is business valuation and when is it needed?

Accepted Answer

Business valuation is the process of determining the economic worth of a business using various methods such as asset-based, market-based, or income-based approaches. It is needed during fundraising, merger and acquisition, partnership buyout, succession planning, tax compliance, legal disputes, and strategic decision-making. Our team provides comprehensive valuation reports certified by qualified professionals.

Question 42

How can your firm help with fundraising for my business?

Accepted Answer

We assist businesses in identifying the right funding sources — whether through equity, debt, venture capital, angel investors, or private equity. Our services include financial modeling, business plan preparation, investor pitch decks, valuation analysis, due diligence support, and negotiation assistance. We guide you from initial fundraising strategy to final deal closure.

Frequently Asked Questions

Frequently Asked Questions