Income Tax

File Income Tax Return with Tax Esquire

What is ITR filing

An Income Tax Return is a form used by an individual to report to the Income Tax Office their income and applicable tax obligations for a specific period of time. Under the Income Tax Act 1961, all taxpayers are required to file an Income Tax Return (ITR) at the end of each tax year. Tax return is the process of preparing and filing a tax return with the relevant tax authority. The Central Commission for Direct Taxes deals with income tax matters. File your Income Tax Return with taxesquire. Taxesquire will help you with the best way and provide the best legal advice also. we are just a call away from you. Do you want the best CA service near you than we are here to provide the best help in Greater Noida, Noida, and many more areas

There are different forms of tax returns. Depending on your sources of income and residency status, the business entity must file the appropriate type of tax return.

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Benefits of Income Tax Return Filing

  • Serves as proof of income and address.
  • Facilitates the credit process.
  • Helps in Visa processing
  • Enables tax refund claims.
  • Helps prevent tax assessments.
  • Designates a responsible Indian citizen

Understanding Income Tax

When it comes to managing your income tax obligations, finding reliable and convenient income tax services near you is essential. Our expert team of income tax consultants is available to provide personalized assistance tailored to your specific needs. We offer a range of services, including annual income tax return preparation and filing. Our services extend to income tax registration, ensuring that you comply with the requirements. With the convenience of online income tax return filing, you can easily submit your returns from the comfort of your own home or office. Our services cover income tax returns in India, catering to individuals and businesses alike. If you need professional guidance regarding business income tax or any other income tax-related matters, we are here to help. We understand the importance of assessment year and financial year concepts and will guide you through the complexities. For those involved in agriculture, we also assist with agriculture income tax matters. Stay up to date with your income tax obligations by filing your income tax returns in a timely and accurate manner. Visit our user-friendly income tax website for comprehensive information and resources. Don’t hesitate to reach out to us for reliable and efficient income tax filing services, ensuring compliance and peace of mind.

Documents are required for filing Income tax Returns?

  1. PAN Card
  2. Aadhaar Card
  3. Bank Statement
  4. Form 16
  5. TDS Certificate
  6. Copy of all the audit report and balance sheet, income statement, profit and loss account person details of the directors and partners.
  7. Investment proceeds to claim deductions in different sections like PPF, LIC, donation, charity
  8. proof of investments
  9. Receipt/challenge of any tax paid
  10. Mandatory documents for the sale and purchase of assets/investment

What happens if a person doesn't file a tax return?

If you don’t file your income tax return for any reason, the Income Tax Office will send you a notice asking you to follow the rules and file your return. This process can include penalties for late filing or non-filing of tax returns. In the event of bankruptcy, the IT department does not reimburse. If you end up paying taxes to the government, interest on the base tax will be added to the principal until you pay all the fees.

FAQs

Q – How to file Income Tax Return Online?

Income tax can be filed by registering on the Taxesquire. Our experts will guide you fully.

Q – Who can file Income Tax Return?

Every natural person must submit their tax return electronically. However, there are exceptions to Seniors over 80 years.

Q – How to E-verify Income Tax Return ?

Login to the Portal www.incometaxindiaefiling.gov.in Then go the E-verify returns option Select the ITR to verify it.

Q – How can I pay Tax to the Government Department?

You can pay the tax directly through the portal website www. Incometaxindiaefiling.gov.in with your net bank account at Challan 280.