Easy Way to File Income Tax Return Online

Income Tax Return

About

Income Tax Return?

Its is mandatory for individuals, NRIs, partnership firms, LLPs, Companies, Trust to file income tax returns each year. Individuals and NRIs are required to file income tax return, if their income exceeds the exemption limit. Partnership firms are required income tax return – irrespective of amount of income or loss. All companies are mandatory required to file income tax return. Finally, it is mandatory for most types of trust to file income tax every year, while some types of trusts are required to file return of income if its gross total income exceeds the exemption limit.

What is included in our package?

Procedure For Income Tax Return

Share Your Documents

You are required to fill your details in our simple questionnaire and submit documents.

Verification and Name Approval

Details provided by you will be verified and we will apply for return.

Submission Of Document

We will file your return on behalf of you.

Your Work Is Completed

Now your Income Tax return filed, we will send you by E-mail.

Documents Required For Income Tax Return

Mobile No and Email Address.
PAN of Applicant. along with any One Address Proof (Voter ID, Passport, Driving License, Aadhaar).
Bank Account details – Bank Statement For Respective F.Y. or Bank Passbook Copy.
Life Insurance- Like LIC, etc.
Mediclaim.
Tution Fees of Children.
Rent of Residence Address.
Fixed Assets Details.
All Loan Schedule.
Income Source

Frequently asked questions

What is Income Tax?

Income tax is tax levied on the income of a person by the Government of 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.

Who is liable to pay Income tax?

Every person is liable to pay tax in India if his total income is more than the income notified by the government in the slab rates. Here, the definition of person includes:

An Individual
A Hindu Undivided Family (HUF)
A Company
A Firm
An Association of Persons (AOP) or a Body of Individuals (BOI)
A Local Authority
Artificial Juridical Persons

On what amount is income tax calculated?

For calculating income tax, notified slab rates are applied to the taxable incomeof a person earned during previous year. Taxable income is to be calculated asper 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 deductions available under Chapter VI-A to get Net Income Chargeable to Tax.

How do I make the payment of income taxes to government?

The payment of income taxes can be made to the government by either physical mode i.e. cash/cheque in any designated bank branch or e-payment on NSDL website. Payment is to be made in Challan 280 in both the cases. The challan is to be filled very carefully as its accuracy is important for further processing.