Income tax – Business Plan

Rs.9,990.00

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Income tax return form ranges from ITR 1 to ITR 7, used for different types of income

Income tax – Business Plan

Price: Rs.9,990.00

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An income tax return is a form where taxpayers declare their taxable income, deductions, and tax payments. This procedure of filing income tax returns is referred to as income tax filing. While filing, the total income tax you owe to the government is also calculated. If you’ve paid more tax than needed for the financial year, the IT Department will refund the extra money to your account. If you have underpaid taxes for the year, please pay the remaining amount, and then file your income tax returns.

Income tax return form ranges from ITR 1 to ITR 7, used for different types of income. Some forms are longer than the others, and they may need additional disclosures such as a balance sheet and a profit and loss statement information.

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Benefits

  • To obtain Home Loan, Vehicle Loan, Personal Loan or any other type of loan

  • To obtain visa to go abroad

  • To get refund of excess TDS deducted

Eligibility

  • Whether you are a resident Indian or an NRI, filing an income tax return is compulsory, if your total Indian income exceeds Rs.2.5 lakh

  • Even if you don’t meet this threshold, it’s a good practice to file or e-file your income tax return

OUR PRICING PLANS

Pricing Package Comparison

Plan Freelancer/Professional Plan Business Plan
Pricing (Per Assessment Year) Rs.2,990 Rs.5,990
Suitable for 1. Professionals like Freelancers, IT Professionals, Doctors etc.
2. Small traders		 Business with upto 200 transactions
Annual Turnover < Rs.2cr for Business and < Rs.50 lacs for Professionals > Rs.2cr for Business and > Rs.50 lacs for Professionals
Income Tax Return Filing Yes Yes
P&L and Balance Sheet Preparation Yes Yes
Tax Saving Guidance Yes Yes
Assistance with Investment in Mutual Funds, Insurance policies etc. Yes Yes
Information on Applicable Taxation & Other Compliances Yes Yes
Presumptive Taxation Filing Yes Yes
Email & Telephonic Support Yes Yes
Profit/loss from F&O or Intraday Trading Yes Yes
Balance Sheet and P&L Yes Yes
Premium Tax Saving Planning Yes Yes
Advance Tax Calculation Yes Yes
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Documents

  • PAN & Aadhaar
  • Address, Email & Mobile
  • Bank Statements
  • Income proofs – salary details, rental income, capital gains, income from investments (like FDs, savings bank account) etc.
  • Details of tax saving deductions u/s 80C, 80D etc.
  • Tax payment information such as TDS and advance tax payments
FAQ

Do you have Any Questions?

Why do I have to file income tax returns?

Whether you are a resident Indian or an NRI, filing an income tax return is compulsory, if your total Indian income exceeds Rs 2.5 lakh.
Even if you don’t meet this threshold, it’s a good practice to file or e-file your income tax return. An income tax return is an important document you must produce at the time of availing a home loan, as it reflects your financial discipline and prosperity as well as shows your capacity to repay a loan.
If you are planning to go abroad for higher studies, or are about to take up a job outside of India, you’ll need at least three years’ filed income tax returns to show as proof of income. People processing your visa application may request for your ITR documents to evaluate your financial health, which in return shows that you can support yourself on your own in their country.

Yes, even if your employer has deducted TDS on your salary, you still need to file Income Tax Return if your total income exceeds Rs.2.5 lakh. Even if you don’t meet this threshold, it’s a good practice to file or e-file your income tax return.

If your employer has deducted your TDS in excess of your liability, you can claim refund of this excess amount by filing tax return.

If you have incurred any loss during the year, it’s advisable to file income tax return before due date to carry forward the loss to future years.

It’s advisable for NRIs to file Income tax return in India even if the only income is bank interest. It helps maintain proper tax records. Also, banks generally deduct TDS on bank interest of low amounts also for NRIs. You can claim this TDS as refund/adjust against tax liability by filing tax return.

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