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Income Tax Filing

Not many are aware of the importance of income tax filing and why it is mandatory. The legislature insists that assessee who earns beyond a particular turn out of annual income must file a tax return within a designated date. Our government makes it mandatory to pay penalty if an individual fails to file on or before the date. If an individual earns less than the specified amount then the returns may also be filed. Though it is not mandatory. This era is shaping a cashless mode of payment as we see. The cards we use are also equally critical for filing the tax returns. The company would always want to get the picture of the tax filing if you are planning for a loan (home loan, car loan, etc.). We make this income tax filing process much simpler and convenient.

Income Tax refunds are a return of extra numbers of income tax that an individual has paid to the government during the preceding year. According to Section 44AB of the Income Tax Act, any person managing the business with a turnover of Rs. 1 crore must get your files audited by a chartered accountant. Also, business exceeding 2 crores in the preceding years of 3 years must get the book done with audit commensurated with section 44AB.

Advantages

Saves Time

Easy to process loans.

Easy refund claims.

Asset Friendly

Easy to register immovable properties.

Claims an income proof.

Saves Money

Reduce taxable income.

Easy for visa process.

Stress Free

Gains Financial credibility.

No threats or worries.

SERVICE TAX STATUTORY OBLIGATIONS

For all those who have a liability to register themselves, if fails to do the same than under section 75A of the finance act 1994 penalty for the failure of an assessed to get himself registered was fixed at Rs. 500/- as a onetime payment but subsequently this section was deleted by the virtue of the finance act 2004 and now the general penalty that is applicable is Rs. 1000/- as per section 77 of Finance act.

Documents required

  • 1

    Documents for Company

    • PAN
    • Rental Agreement
    • Bank Statement
    • EB receipt
    • Resolution Copy in case of Company
  • 2

    Documents for Owners

    • PAN
    • Voter ID / Passport/ Driving License / Aadhar Number
    • Photo – 2 Nos
    • ATTESTATION
    • Documents to be attested
  • 3

    REGISTRATION

    • ST-2 will be issued by the department.

Business Plan

Salary

Rs.500/-

  • Form 16
  • Salary Statement

House Property

Rs.750/-

  • Form 16
  • House Property Income

Capital Gains

Rs.1,200/-

  • Salary
  • House Property Income
  • Capital Gains for one Property

Business or Professional Plan 1

Rs.3,500/-

  • Turnover less than 10 lakhs

Business or Professional Plan 2

Rs.7,500/-

  • Turnover less than 50 lakhs

Business or Professional Plan 3

Rs.15,000/-

  • Turnover less than 200 lakhs

HOW LONG DOES IT TAKES?

1 DAY

Collection of Documents

1 DAY

Preparation of Application

1 DAY

Submission of Application

1 DAY

Certificate of NSIC Registration

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