REF: TAX-CONSULTANT-ENGAGEMENT-AGREEMENT TAX CONSULTANT ENGAGEMENT AGREEMENT
(In accordance with the Income Tax Act 1961 and Central Goods and Services Tax Act 2017)
THIS TAX CONSULTANCY SERVICES AGREEMENT is executed on this [Agreement Date] at Ahmedabad, India:
BY AND BETWEEN:
[Consultancy Firm Name], through its Principal Tax Consultant [Tax Consultant Full Name], having its office at [Firm Office Address] (hereinafter referred to as the "CONSULTANT", which expression shall include legal representatives and assigns) of the FIRST PART;
AND
[Taxpayer / Assessee Full Name], having Permanent Account Number (PAN) [Assessee Permanent Account Number (PAN)], residing / having office at Ahmedabad, India (hereinafter referred to as the "ASSESSEE / CLIENT", which expression shall include legal heirs, successors, and assigns) of the SECOND PART.
WHEREAS:
A. The Assessee requires professional tax consultancy and e-filing assistance for direct and indirect tax compliances for the Assessment Year(s) [Relevant Assessment Year(s)];
B. The Consultant is experienced in Indian taxation laws, computation procedures, and statutory e-filings under the Income Tax Act 1961 and CGST Act 2017;
C. The Parties desire to enter into this formal engagement agreement to define scope, responsibilities, fees, and liabilities.
NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:
1. SCOPE OF TAXATION SERVICES
The Consultant shall provide professional tax advisory and e-filing services for the Assessment Year(s) [Relevant Assessment Year(s)] covering:
[Scope of Taxation Advisory and Filings]
The scope is limited strictly to the agreed services and does not automatically include representing the Assessee in formal scrutiny assessments, appellate tribunals, search and seizure proceedings, or High Court appeals, which require separate mandates.
2. CLIENT DOCUMENTATION WARRANTY AND TIMELINES
(a) Client Warranty: [Client Documentation & Truthfulness Warranty]. The Assessee guarantees that all income sources, capital gains, overseas assets, bank interest, cryptocurrency transactions, and business turnover have been fully disclosed to the Consultant;
(b) Filing Timelines: [Information Submission and Filing Timeline]. The Assessee shall provide all necessary financial papers, TDS certificates, and bank statements within the stipulated deadline.
3. STATUTORY INTEREST, PENALTIES, AND LIABILITY ALLOCATION
[Statutory Penalties and Interest Allocation]. The Parties expressly agree that:
(a) The Consultant shall exercise due professional diligence in preparing computations based strictly on data provided by the Assessee;
(b) The Consultant shall not be held liable for any interest under Sections 234A, 234B, or 234C of the Income Tax Act 1961, late filing fees under Section 234F, or penalty under Section 270A arising from delayed submission of documents, misstatement of figures, undisclosed income, or portal downtime;
(c) The aggregate professional liability of the Consultant for any demonstrable clerical error solely attributable to the Consultant shall be strictly limited to the professional fee received for the specific filing.
4. PROFESSIONAL FEES AND PAYMENT SCHEDULE
In consideration of the taxation services, the Assessee shall pay to the Consultant:
(a) Total Professional Fee: INR [Total Professional Consultancy Fee (in INR)] (Indian Rupees [Total Professional Consultancy Fee (in INR)] only), exclusive of applicable GST;
(b) Payment Milestones: [Fee Schedule and Payment Terms].
All statutory challan payments, self-assessment taxes, advance tax dues, and government late fees shall be paid directly by the Assessee through the official NSDL/e-filing portal using their own bank credentials.
5. CONFIDENTIALITY AND DIGITAL SIGNATURE CUSTODY
The Consultant agrees to maintain confidentiality of all financial data, PAN records, and banking transactions of the Assessee. Where the Assessee entrusts their Digital Signature Certificate (DSC) or e-filing portal credentials to the Consultant, the Consultant shall use such credentials solely for authorized tax filings and shall return the physical DSC token immediately upon completion of filings.
6. TERMINATION AND DISPUTE RESOLUTION
Either Party may terminate this Agreement by giving fifteen (15) days written notice. This Agreement is governed by the laws of India. Any dispute arising out of this engagement shall be subject to the exclusive jurisdiction of the competent civil courts in Ahmedabad, Gujarat.
IN WITNESS WHEREOF, the Consultant and the Assessee have signed this Agreement on the date first written above.
__________________________________
TAX CONSULTANT: [Tax Consultant Full Name]
For: [Consultancy Firm Name]
Office Address: [Firm Office Address]
__________________________________
ASSESSEE / CLIENT: [Taxpayer / Assessee Full Name]
PAN: [Assessee Permanent Account Number (PAN)]
WITNESSES:
1. Signature: ______________________ Name: __________________________________________
2. Signature: ______________________ Name: __________________________________________
SCHEDULE OF TERMS, COVENANTS & CONDITIONS(6 ACTIVE CLAUSES)
1. TENURE & TERM OF LEASE: The term of this lease/tenancy shall be for a fixed duration of {{duration_months}} months commencing on {{commencement_date}} and terminating on {{expiry_date}} unless renewed by mutual consent.
2. MONTHLY RENT & DUE DATE: The Second Party covenants to remit a monthly rent of Rs. {{monthly_rent}} payable in advance on or before the {{rent_due_day}} day of each calendar month.
3. REFUNDABLE SECURITY DEPOSIT: The Second Party has deposited an interest-free refundable security sum of Rs. {{security_deposit}} with the First Party, returnable within 7 banking days of vacant handover.
4. PERMITTED USE OF PREMISES: The demised premises shall be utilized exclusively for lawful residential dwelling purposes and shall not be converted into commercial or industrial use.
5. STATUTORY ARBITRATION (ACT 1996): Any dispute arising hereunder shall be referred to a sole arbitrator appointed mutually under the Arbitration and Conciliation Act, 1996, with seat of arbitration in the execution city.
6. SUB-LEASE & ASSIGNMENT PROHIBITION: The Second Party is strictly prohibited from sub-letting, parting with possession, or assigning any portion of the premises to third parties without prior written consent.
ATTESTATION BY INDEPENDENT WITNESSES (AS PER APPLICABLE LAW)
First Witness
Signature:
Full Name:
Parent / Spouse:
Address:
Govt ID / Aadhaar:
Second Witness
Signature:
Full Name:
Parent / Spouse:
Address:
Govt ID / Aadhaar:
