Easiest Quickest and cost effective way to file your Income Tax Return
Rely on tax experts to file your income tax returnsIT Return for nriWe help you minimize your tax liabilities in legal waysitr due date extendedWe help you compute correct tax liability and get you the right refunde filing 2020 2021We file ITRs of individual, Companies, Partnership firms, Trust etc.
INCOME TAX E-FILING | Online Income Tax Return Filing in India
Income Tax E-Filing is a process through which Individuals/HUF/Associations/Businesses provide information about their income throughout the financial year & accordingly the Income tax if filed. The process of Income tax e-filing comes into existence once the final income of the assesse is computed from all sources & subsequent income tax is calculated. Different ITR Form is prescribed which is based on the sources of income.
The source of income means how it is generated-it is income from salaries, income from housing assets, income from business or occupation, income from capital gains, income from other sources (interest). Income etc.
The government of India has introduced a taxpayer friendly income tax e-filing portal 2020-21. With the advent & extended reach of technology, the Income tax e-filing process has also been improved.
WHY YOU NEED AN EXPERT ADVICE FOR INCOME TAX E-FILING?
There some of the common mistakes which most of the individuals do during the process of income tax e-filing, such as:
· Choosing an incorrect ITR form
· Missing to report source of Income
· Putting in incorrect personal information
· Possible deductions that could be claimed
· Failure in reconciliation of Form 26AS & TDS information
Income tax e-filing 2020-21 contains lot many deductions, new income tax slab rates, new ITR forms & ITR due date extended etc. So as to minimise your Income tax & maximise your effective Income you must get in touch with our Income tax e-filing experts.
Income Tax Return Filing Procedure
Before filing an individual IT Return, In case of a salaried person- he should have Salary slip, Form 16, interest certificate from bank or post office if any, Form 26 AS (This can be downloaded from TRACES website), chalan of advance tax paid if any and bank account details. As the online IT Return filing procedure has been simplified over the years, mostly individual ITR such as by salaried taxpayer is done on their own.
when they need to claim deductions for a house loan and interest or when they claim deduction under 80 C there is much confusion which makes them file an incorrect return. In that case, they reach out to tax consultants nearby them for online IT Return filing. In the case of companies, Tax Consultants such as Chartered Accountants can help file the Income-tax return form. For companies, technical issues such as claiming of expenses, calculation of taxes, carried forward of losses etc are an important matter which is looked after by a consultant. For company various documents are required, the primary documents required in income tax India efiling are audited balance sheet, Form 26AS, deductions details under section 80, details of bank accounts. Various other documents are required based on in which sector a company operates.
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