Income Tax Returns
Every responsible business or an individual need to file their income returns with the respective Income Tax Department annually. It is a statement of your earnings from various sources of income, tax liability thereon, details of tax paid and any refunds that have to be given by the Income tax Department. In this segment, let' us analyze how the individual tax payer need to file Income Tax Returns.
Indian Government mandates that individuals who earn a specified amount of annual income must file returns according to the prevailing tax slab within a pre-determined due date. Failure to do so may attract penalties from the Income Tax Department. Also be noted that those who earn less than the prescribed amount can file returns voluntarily.
For an individual tax payer, the deadline to furnish these details is after four months from end of the financial year so that taxpayers have sufficient time to aggregate the data for the whole year and report accurately and in time to the government. Our exclusive IT Return professionals help you comprehensively and precisely compute and file your IT returns on time and every time.
Adhere effectively to the needs of ever changing compliance norms, rising number of notifications and amendments and increased vigilance through our collective statutory compliance services and remain legally 100% complaint.