To file an Income Tax Return is an obligation placed on every citizen of India by the Government. However besides this, there are various reasons, why you should file your Income Tax Return.
When you file Income Tax Return, you create your Financial Record with Tax department. This financial / tax history is positively viewed and favourably used by most agencies with whom you may need to interact, such as when you avail any kind of loan (home, personal, vehicle loan) or when you apply for VISA, etc.
Mon - Sat: 9:00am - 6:00pm
Sunday Closed
Begumpet
Hyderabad, Telangana
+91 85550 31243
+91 78425 67225
info@taxadepts.in
Our Services
TAXATION SERVICES
We understand return filing is not 'file-it-forget-it' service. Our processes ensure that we are there for you every step of the way - preparation, filing, assessment, scrutiny, liaison, rectification or refund.
We facilitate reconciliation of ITR data with 26AS, e-filing of ITR1, ITR2 & ITR4, TDS & service tax compliance, professional assistance for tax filing and tax planning, bookkeeping and audit services. Nobody else does it!
HOW WE CAN HELP
Our team of experienced professionals are on hand to help you.
1. Assist with tax advice and compliance aspects of setting up a new business
2. Advice on how to manage corporate tax residence and permanent establishment issues that might arise as a result of the activities of the business or its employees
3. Undertake substance reviews and make recommendations for improvements where necessary
TESTIMONIALS
TAXATION SERVICES
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Why you should file Income Tax Return?
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Is it mandatory for me to file an Income Tax Return if I have a PAN?
a) You need to file an Income Tax Return if your Total Taxable Income exceeds the basic exemption limit before taking into account deductions, i.e., tax saving investments.
b) You do not need to file an Income Tax Return if your total taxable income does not exceed the basic exemption limit before taking into account deductions, even though you may have a PAN. -
What are allowances? Are all allowances taxable?
Allowances are fixed periodic amounts, apart from salary, which are paid by an employer for the purpose of meeting some particular requirements of the employee. E.g., Tiffin allowance, transport allowance, uniform allowance, etc.
There are generally three types of allowances for the purpose of Income-tax Act - taxable allowances, fully exempted allowances and partially exempted allowances.