Income tax return is a form through which the particulars of income earned by a person in a financial year, taxes paid on such income, eligible deductions on income tax are filed to the Income tax department. There are different forms of income tax returns for filing of returns which depends on the status of person and nature of income derived.
Every Individual, HUF, Partnership firm, LLP, Trust, Society and Company must file income tax returns with income tax department.
Our firm will help you to get file your income tax return by understanding your nature of business and source of income you are deriving from.
Get to know more of Income Tax Return?
Every person must file Income tax return if his/her taxable income exceeds Rs.2,50,000 in a financial year provided a company, LLP and Partnership Firm must file income tax return irrespective of income or loss.
Our firm suggests every person to file Income tax return even if you are not liable to file ITR because it enhances your credibility and credit availing score from the bank.
Benefits of Filing ITR:
- If TDS has been deducted and is higher than actual tax payable then refund of tax can be claimed by filing your income tax return.
- If there are any losses in your business, income tax filing must be done to carry forward those losses and set off against business profits of future years.
- A regular filing of income tax return will help you to get bank loan and also visa.
- Fling ITR regularly avoids receiving tax notices from income tax department.
Steps we follow
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1
Documents Verification:
Our team will send you the checklist of documents required and once received they will be verified by us.
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2
Return Preparation
Our Income tax experts will prepare the income tax return and send it to you for approval.
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3
Registration Certificate
Once the Income tax return is approved by you, our firm will file your Income tax return with the income tax department and send the acknowledgment to you.