Income Tax Filing

We are experts in filing the various forms that are relevant to income tax. Our clients range from individuals to the business proprietors. We do e-filing for your Company too. We are skilled in assisting the e-filing of

An income tax is a tax levied on the financial income of persons, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. A person is required to file his or her “Return of Income”, if their taxable income exceeds INR 2.50 lakhs in a particular financial year; so, anyone earning more than basic exemption limit needs to file his or her tax return by the due date as prescribed by the government. Individual income taxes often tax the total income of the individual (with some deductions permitted), while corporate income taxes often tax net income (the difference between gross receipts, expenses, and additional write-offs).

It is a legal obligation and is a primary duty to be fulfilled by every citizen.It is always helpful in

• Availing loan facility like home, or personal
• For Visa and immigration process
• Applying for higher insurance cover
• Can use it as a income proof

Documents needed before filing Income Tax

• Form No.16: Issued by your employer summarizing your income from salary and tax deducted at source.
• Form no 16A: Issued by all the payers who have deducted tax while making payment to you during the year. For example Banks where you have FDs.
• A/C statements: All your operating accounts during the year for arriving at interest income earned during the year.
• Property details: If you have bought any property or put up existing property on rent then details for the rent received and receipts of municipal taxes paid during the year would be required. If the same is purchased through a loan then copy of loan certificates for interest & principal.
• Contract Notes: For sale & purchase of shares during the year for calculating capital gains.
• Tax Challans: Details of tax payments made during the year in case you have made advance tax or self-assessment payments.
• Others: Any other documents for a financial transaction involving tax implications