Tax Filing Returns



Tax Filing for

Income Tax Returns

Income tax is tax levied on the income of a person by the government if India as per the provisions contained in the Income Tax Act 1961. It is levied on income earned during the year starting from 1 April and ending 31st march.
For calculating income tax notified slab rates are applied to the taxable income of a person earned during previous year. Taxable income is to be calculated as per the provisions and rules contained in the Income Tax Act, 1961. One has to calculate income under various heads of Income and net them after deducting deduction available under Chapter VIA to get Net Income Chargeable to Tax.
Online filing Income Tax is the most reliable way. We can help you in the complete process.

Rs. 1,500/- onwards

TDS Returns

TDS (Tax Deducted at Source) is an indirect system of deduction of Tax by Indian authorities according to the Income Tax Act. 1961 at the point of generation of income tax.Tax is deducted by the payer and is remitted to the government by the payer, on behalf of payee.
A TDS Return is a quarterly statement which has to be submitted to the Income Tax Department of India. Submitting TDS Return is mandatory if you are a deductor. It has details of TDS deducted and deposited by you.

Rs. 5,000/- onwards

Process Invovled:

  • Add Deductor
  • Add & Verify Challan Payments
  • Add Deductees / Employees
  • Match Challan with Deductees
  • Verify Return & Generate FUV

Service Tax Returns

Service tax is an indirect tax which is levied on the services provided by a service provider in India. It is a tax that the service provider pays and later recovers the same from the service recipient of the taxable services.

Features:

  • Small scale service providers are exempted from Service tax registration that provides service of less than Rs. 9 Lacs in a year.
  • Service tax registration is deemed to be guaranteed if registration of service tax is not issued within 7 days, after filing of form ST1 along with the relevant documents.
  • Service tax is not applicable for services exported from India.
  • Service tax return is filed twice a year. Return is required to be filed by 25th October and 25th April respectively for half-year ending 30th September and 31st march.
Rs. 3,000/- onwards

Process Invovled:

  • Complete our Simple Form
  • Give your information
  • Prepare Service Tax Returns
  • Document Submission
  • Your work is completed.

Sales Tax Returns

If you are a registered dealer, you must file VAT returns. Payment of tax has to be done before the filing of returns. E-filing of VAT returns is permitted in various states across India.

Features:

  • VAT is a tax levied on sale of goods within the state in India. Producer and dealer should obtain VAT registration, if their annual sale is more than Rs. 5 lacs (Rs. 10 lacs in some states)
  • VAT is determined and collected by state government, so each state has different VAT rules and regulations.
  • VAT is not levied on goods which are exported from India.
  • Payment of VAT is deposited in designated bank quarterly in case of Proprietary Firms, Partnership Firms or Limited Liability Partnership and monthly in case of another type of business entities like Companies.
Rs. 10,000/- onwards

Process Invovled:

  • Complete our Simple Form
  • Provide us the Information
  • Prepare sales Tax returns
  • Document Submission
  • Your work is completed

Frequently Asked Questions

What is Income Tax Return?

An Income tax Return is a statement of Income earned to calculate tax liability and payment or refund of taxes to the government. Thus the purpose of filing the return is to report our income and taxes paid there on to the government.

Who is required to file Income Tax Return?

Any person whose income exceeds the basic exemption limit as specified in the Income Tax Act,1961 is required to file an Income Tax Return. Now, the basic exemption limit changes from year to year. At present the limit is Rs. 2,50,000 for individuals of less than 60 age, Rs. 3,00,000 for individuals in the age bracket of 60-80 years, and Rs. 5,00,000 for individuals of more than 80 age. It is compulsory to file an income tax return if any of the condition is applicable to you:

  • If you’re taxable income is more than slabs notified in Finance Act for that Year. Example for an Individual Resident below 60 years of Age the Slab is 2,50,000 /-(A.Y. 2017-2018) and for senior citizen it is 3,00,000. Thus if his income is more than 2,50,000/- ( or 3,00,000 in case of senior citizen) then it is mandatory for him to file Income tax Return irrespective of whether you have filed your tax return or not.
  • If you area entity registered as a firm or a company irrespective of the income or loss during the year.
  • If you have losses under any head and want to carry forward those losses to next year.
  • If you want to claim refund of taxes already paid i.e. TDS etc.
  • From 2012 onward resident individual holding any kind of Foreign Asset e.g. Immovable property, bank account etc. or is a signing authority in a foreign bank account then he is compulsorily required to file the return.

Who is required to file TDS return

It is the duty of the person who is making payment to someone for specified goods or services to deduct TDS and file TDS return. The specified payment includes salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc. The person who deducts TDS is called deductor and the person whose tax is being deducted is called deductee.
TDS is not required to be deducted by individuals and HUF except for those whose accounts are required to audited u/s 44AB i.e. whose gross receipts in preceding financial year in case of business is more than 2 crore(AY 2017-2018), 1 crore ( AY 2016-2017) and in case of profession 50 lakhs( AY 2017-2018) , 25 lakhs(AY 2016-2017).

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