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Accurate reporting of business income during tax return filing is crucial to ensure compliance and avoid any tax-related issues. As the year comes to a close, many businesses find it challenging to organize their financial records. Our premium ITR filing plan is tailored to offer professional assistance, aiding in the preparation of financial statements and the filing of business ITRs.
Embarking on a hassle-free tax filing journey hinges on assembling the requisite paperwork. To guide you through this process effectively, we've compiled an extensive checklist of essential documents:
PAN & Aadhar * FY GSTR-1 (Sales) report * FY GSTR-2 (Purchase) report * FY GSTR-9 (Annual) report FY Current account statement * FY salary paid report * FY Inventory purchase report * FY Inventory sales report * if Home-Loan interest certificate Last year computation If any other incomeWe think big and have hands in all leading technology platforms to provide you wide array of services.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum is simply dummy text of the printing and typesetting industry.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum is simply dummy text of the printing and typesetting industry.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum is simply dummy text of the printing and typesetting industry.
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Form 16 is a certificate issued by employers in India to their employees. It contains details of the salary earned by the employee during the financial year and the amount of tax deducted at source (TDS) from their salary by the employer. Form 16 also includes details of any other income, deductions claimed under various sections of the Income Tax Act, and taxes paid. It serves as proof of the TDS deducted by the employer and helps employees in filing their income tax returns.
This component in your paycheck remains constant and influences other salary components, hence its name. It typically constitutes a significant portion of your total salary. HRA is often calculated as a percentage of this Basic Salary, while PF deductions amount to 12% of it.
House Rent Allowance (HRA): Salaried individuals residing in rented accommodations can claim HRA to reduce taxes, partially or entirely exempt. HRA covers rental expenses. Note: Untenanted HRA is fully taxable.
Individuals need to file their return by 30th September of next year, i.e for income earned in Financial Year 2022-23, the return has to be filed by 30th September, 2023.
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