Income Tax Return
With newly launched website of the income tax department, ITR filing has been made very easy and user friendly and one can file an ITR on his own. But an expert advisory is not going to hurt anybody.
Our tax professionals are here to guide you on your ITR be it a simple salary ITR or a complex capital gains or a heavy business ITR.
We make sure filing is done with utmost accuracy and you get maximum tax savings.
ITR filing starts at just Rs. 500/-. Get in touch with us now to get your ITR filed by an expert.
What is Income Tax Return Filing?
All businesses operating in India are required to file income tax return each year. In addition to filing income tax return, a business may also be required to file TDS return and pay advance tax to stay compliant under the Income Tax Act. The average time taken to file an income tax return for your business is 3 to 5 working days. Get a free consultation on business tax return filing by scheduling an appointment with an Instataxfiling Advisor.
Types Income Tax returns?
1. Proprietorship Tax Return Filing
Any individual who has business income is said to be operating a proprietorship firm. Proprietorships operating in India are required to file income tax return each year. Since proprietorships are considered to be one and same as the proprietor, the income tax return filing procedure for a proprietorship is similar to individual income tax return filing.
2. Partnership Firm Tax Return Filing
All partnership firm are required file the income tax return, irrespective of amount of income or loss. Partnership firms are taxed as a separate legal entity under the Income Tax Act. Hence, the income tax rate applicable for partnership firms is similar to LLPs and Companies registered in India.
3. LLP Tax Return Filing
All LLPs are required file the income tax return, irrespective of amount of income or loss. LLPs are a separate legal entity and are taxed separately from the Partners of the LLP. The income tax rate applicable for LLPs is similar companies registered in India.
4. Company Tax Return Filing
All companies registered in India are required to file income tax returns each year. Under the Income Tax Act, company tax return filing falls under two categories, namely domestic company or foreign company. Companies registered with the Ministry of Corporate Affairs like Private Limited Company, One Person Company or Limited Company are classified as a domestic company.