Precise, Prompt & Practical Support for Income Tax Registration
Complete ITR Filing On Time & Avoid Penalties with the Right Tax Consultant.
Our Services For Income Tax Registration
All About Income Tax
Income tax is a direct tax imposed by the government. It applies to the entities and individuals earning income within a specific jurisdiction.
- It came into effect on April 1, 1962.
- The Income Tax Act of 1961 governs it.
- It is implemented and enforced by The Central Board of Direct Taxes (CBDT).
- Individuals, Hindu Undivided Families (HUFs), companies and firms earning income above the basic exemption limit generally have to complete income tax declaration and ITR filing.
- CBDT governs the Income Tax Department
Income Tax Declaration and Filing with the Right Tax Consultant
Here’s how the right tax consultant helps you in Income Tax filing:
- The right tax consultant possesses in-depth knowledge of tax laws, rules and regulations.
- You get advice on deductions, exemptions, credits, taxable income, tax liabilities and refunds to minimise errors and ensure correct tax payment.
- Your financial documents will be managed by professionals.
- Tax consultants handle the entire process, saving you time and effort.
- Tax consultants also provide strategic advice on tax-saving investments and planning for future tax liabilities.
- These professionals also reduce disputes and provide support and advocacy.
Are You Looking for an Easy, Quick & Accurate Tax Filing Process? Here’s The Support You Need
FAQs
What Does the Income Tax Department Portal Do?
The Income Tax Department portal helps you file taxes online, file ITR, verify the returns, check refund status, respond to notices, generate TDS, view tax credit statements and more.
What Is Personal Tax?
Personal Tax is also called ‘Individual Income Tax’ and is imposed directly on the person earning the income, rather than on a specific property or transaction.
What Is Income Tax Return Filing?
You provide the government with details about your income from various sources via income tax return filing. You also declare deductions and exemptions to reduce your taxable income via this document submitted to the Income Tax Department.
What is an Income Tax Declaration?
An income tax declaration is a document submitted by an employee to their employer. It outlines the employee’s expected income and planned tax-saving investments and should be submitted at the beginning of a financial year
How Many Forms Do I Fill for ITR?
There are a total of 7 ITR forms for different kinds of taxpayers. You have to fill out a form according to your income sources and the nature of your tax liability.
