INCOME TAX RETURN

Income Tax Return Services Offered:

1. Salary Income Tax Returns.

2. Business Income Tax Returns.

3. Capital Gains Income Tax Returns.

4. NRI Income Tax Returns and Accountings.

5. Revised Return

6. Refund Tracking till its credited to the account.

Income Tax Return (ITR) are annual returns to be filed by every individual or legal entity in India, if their gross total income exceeds basic exemption limit as decided by government of India from time to time.

Every Individual, HUF needs to file their ITR whenever their total income exceeds basic limit, however companies , partnership firms need to file their ITRs every year irrespective of their income.

In India for Income tax purpose the income sources are distributed in 5 heads, viz:

1.Salary Income- It basically includes salary and related income earned.

2.Business Income- It includes all the income earned by running a business, or share from partnership firms.

3.House Property Income- Rental Income is included here.Also vacant property if shown here then Gross Annual Value of property is considered as income.

4.Capital Gains Income- Short term & Long Term Gains are considered here earned from slling of capital assets like properties, cars, gold, shares.

5.Other Sources- Any Income which is not included in above head is included here.

Depending upon above sources of income which form to be used to file Income tax return is decided.As said above ITRs are to be filed through various forms , called ITR Forms. Every form is unique and needs different information, these forms might be updated or changed annually, they are numbered as ITR 1, ITR 2…..ITR 7. Which form to be used by whom depends upon the sources of income he has.

All returns are to be filled through electronic modes only, & no document could be attached to it in any form to the return, all the supportings are to be saved in our custofy so that if scrutiny comes or information is asked by taxman then it needs to be produced.

Every return is assessed by computer system and then randomly by Tax Officers, if one of the income is not shown then the penalty for concealment of Income can be as high as 300% of tax amount, also interest is levied compulsorily for delayed deposit of taxes.

Hence DON’T TAKE THE RISK, FILE RETURNS THROUGH CA ASSISTANCE AT CONSULTAXX !! JUST POST A MAIL OR CALL US FOR YOUR REQUIREMENTS.

 

(Above information is a for information purpose only, no decision making of any kind should be done relying upon above information)

SALARY RETURN FILLING

  • Computation of Tax from Form 16B
  • Investment & Tax Planning Included
  • Online Filing of ITR
  • Followup till ITR  Gets Processed.

Rs 1500/-& Onwards

CAPITAL GAINS RETURN FILLING

  1. Capital Gain Computation
  2. TDS & Capital Gain Compliance Advisory
  3. Investments Advisory
  4. Online Return Filing

Rs 3500/- onwards

BUSINESS RETURN FILLING

  1. Accounting of whole business transactions for FY
  2. Computation of Income Tax
  3. Investment & Tax Planning Included
  4. Online Filing of ITR

Rs 5000/- onwards