Founder-led by a chartered accountant

Tax Consultant in Mumbai for High-Income Individuals

A salary in the highest slab, gains on shares or property, income from abroad or a refund that has not arrived can make a simple return a long exercise. HSAG Consulting works as a tax consultant in Mumbai for high-income individuals from its Ghatkopar West head office. The tax team handles return filing and planning, delayed refunds, and income and remittances from abroad, aiming for returns filed on time, refund delays traced to their cause and foreign income reported correctly.

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Our Income Tax Services for Individuals

Three areas of individual income tax work handled by HSAG Consulting's tax team.

ITR Filing in Mumbai and Tax Planning

Returns for high-income individuals with several income heads, including capital gains on shares, mutual funds, ESOPs and property, checked against Form 26AS and AIS before filing, with deductions and advance tax planned during the year.

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Delayed Income Tax Refunds

When a refund is stuck, the team reads the intimation under section 143(1) of the Income-tax Act, 1961, checks bank account validation and any adjustment against an older demand, then follows the case up with the department.

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Income and Assets Abroad

Foreign salary, interest, dividends and gains are reported in the right schedules of the return. For FY 2025-26, foreign tax credit is claimed in Form 67 (Form 44 from tax year 2026-27) where tax was paid abroad, and foreign assets are disclosed in Schedule FA.

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HSAG Consulting tax return filing in Mumbai: bundle of folders held by a navy strap

Our 5-Step Process for Individual Tax Work in Mumbai

First review in Mumbai

The engagement starts with a call or a meeting at the Ghatkopar West office in Mumbai. The team lists your income sources for the year, earlier returns, any refund that is pending and any income or assets abroad, and agrees the scope in writing.

Documents and data checks

You share salary records, capital gains statements, interest certificates and papers for income earned abroad during the year. The team downloads Form 26AS and the Annual Information Statement from the e-filing portal and notes every figure that differs from your own records.

Computation and planning

A draft computation sets out the income under each head, the deductions available and the tax payable or refundable. Planning points for the current year, such as advance tax instalments and the timing of investments, are discussed with you before anything is filed.

Filing and follow-up

After you approve the computation, the return is filed and verified and the acknowledgement is shared with you. If a refund is due, the team tracks its processing and, where you authorise it, answers any communication from the Income Tax Department on your behalf.

Year-round support from Mumbai

Through the year, the Mumbai tax team remains available for advance tax estimates, notices and refund queries. Each engagement closes with the filed and verified return, its acknowledgement and the final computation, with the points to act on next year.

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Is a consultant worth it?

When an Individual Needs a Tax Consultant, and When Not

A single salary with standard deductions and no capital gains can be filed by the individual on the e-filing portal, or by a family chartered accountant, in little time. A tax consultant earns its place when the return carries gains on property or shares, income or assets abroad, a refund that has not moved, or advance tax across several income heads. HSAG Consulting works on returns of the second kind; a person with a simple salary return may not need a firm at all. For a high-income individual, the value lies in a computation checked against Form 26AS and the Annual Information Statement, and in a team that can answer the department when a notice arrives.

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HSAG Consulting tax consultant in Mumbai: a single thin folder beside a tall folder stack

Why HSAG Consulting

Why Choose HSAG Consulting as Your Income Tax Consultant in Mumbai?

Personal and Business Tax in One Place

For promoters and professionals, personal returns stay aligned with company, firm and family filings.

Residential Status and NRI Planning

Residency analysis and tax planning for NRIs, returning Indians and individuals moving abroad.

Family Wealth Structuring

Tax-efficient use of HUFs, family trusts and gifting within the family.

About HSAG Consulting

A founder-led professional services firm since 2000

HSAG Consulting is a founder-led professional services firm with a legacy spanning over 25 years. Since 2000, we have helped businesses navigate complexity and achieve sustainable growth through integrated financial, compliance and advisory solutions. With offices in Mumbai, Delhi, Bengaluru and Dubai, our services include accounting and bookkeeping, audit and assurance, taxation, corporate finance, virtual CFO, payroll, staffing, fund accounting and M&A advisory. Led by founder Haaren C. Sanghvi, we combine professional expertise with strategic insights to help businesses make informed decisions and strengthen operations. As an exclusive IR Global member for Corporate Services in India, we connect local expertise with a global professional network. Our Great Place to Work certification reflects our commitment to a collaborative and inclusive workplace culture. At HSAG Consulting, we build lasting partnerships through experience, integrity and a commitment to business growth.

Since 200025+ years of professional expertise
4 Office LocationsMumbai · Delhi · Bengaluru · Dubai
End-to-End Business SolutionsFrom accounting and taxation to strategic and deal advisory

FAQs on Hiring a Tax Consultant in Mumbai

What does a tax consultant do for a high-income individual?

A tax consultant prepares and files the income tax return, computes capital gains, plans advance tax and deductions, handles ESOPs, RSUs and property sales, reports income and assets abroad, and replies to the department's queries on the return or a refund. For a high-income individual, most of the work lies in combining several income heads in one return and keeping it consistent with Form 26AS and the Annual Information Statement.

Which tax consultant in Mumbai suits a high-income individual?

HSAG Consulting is one tax consultant in Mumbai for a high-income individual, working from its Ghatkopar West head office. Other options are a sole-practice chartered accountant, a mid-size CA firm or the private client teams of larger firms such as BDO India.

What should a high-income individual check before hiring a tax consultant in Mumbai?

Check who will personally prepare and review your return, and their experience with capital gains on shares, ESOPs and property and with foreign income and assets. Ask whether advice continues through the year or stops at filing, and who will reply if a notice arrives. Ask how your documents are collected and stored before you share them.

Why is my income tax refund delayed?

The usual causes are a bank account not pre-validated, an inoperative PAN, an adjustment against an older demand, or a return still awaiting processing. If the Centralised Processing Centre proposes an adjustment under section 143(1)(a) of the Income-tax Act, 1961 (returns up to FY 2025-26), it must tell you first and allow 30 days to respond. The refund status on the portal usually shows which cause applies.

How does a tax consultant report income earned abroad?

A resident and ordinarily resident individual reports worldwide income, so salary, interest, dividends or gains earned abroad go into the Indian return. Where tax was also paid in the other country, foreign tax credit is claimed in Form 67 (Form 44 from tax year 2026-27), and foreign accounts and assets are disclosed in Schedule FA of the return for FY 2025-26.

What decides the cost of a tax consultant in Mumbai?

The cost depends on the number of income heads, capital gains transactions, foreign income and assets to report, any pending notices or refund follow-up, and whether planning through the year is included. Terms are agreed case by case once the tax team has seen your documents.

Speak to the Tax Team in Mumbai

Book a consultation and the tax team will set up a first review of your documents.

Book a Consultation

Book a Consultation With the Mumbai Tax Team

Leave your name and email, and the HSAG Consulting tax team in Mumbai will contact you to ask about your income sources, any refund that is pending and any income or assets abroad, and to agree the scope of work before anything is filed.

info@hsag.in

info@hsag.in Book a Consultation