To simplify tax filing, All India ITR has built its filing system with the latest technology, making it simpler and user-friendly. We assure on minimum time consumption for filing Income Tax Refund with the benefit of a maximum possible refund. As an authorized e-return intermediary we guarantee our clients of authenticity. Our services are designed not just for individual taxpayers, but for business owners as well.
Tax Returns Services provided by All India ITR
- GST (Monthly) – Up to 100 entries/Year
- Nil Return: Rs. 500
- Per Month: Rs. 4,000
- Annual: Rs. 40,000 (Consultation included)
- TDS (Quarterly): Rs. 10,000
- Annual: Rs. 30,000
- TDS on immovable property: Rs. 2,499
- Income Tax Return
- Bulk Return Filing
- Revised Return Filing
- Respond to tax notice
- Business Income Return
Goods and Services Tax (GST)
As per GST law, a normal taxpayer must furnish three monthly returns and one annual return.
The GST Act:
- A registered taxable person must submit details in GSTR-1 of all the outwards supplies of goods and services transacted in the month by the 10th of the subsequent month.
- GSTR-2 contains details on all input supplies and details about claiming tax credit which must be filed by 15th of the subsequent month.
- A registered taxpayer must file GSTR-3 which contains details regarding the monthly return. The finalization of outward and input supplies as well as the amount of the payable tax is included in this.
The monthly returns are filed online through a common portal which is managed by the Goods and Service Tax Network (GSTN). Foreign Non-Residents and casual taxpayers must file monthly returns while composite taxpayers must file quarterly tax returns.
Conditions under which Filing for GST Return are Applicable
- As per GST law, every registered dealer under GST is required to file a return. A return needs to be filed even if there is no business activity during the tax period.
- Public-Sector Units (PSU’s) or Government entities who are not associated with GST supplies and individuals who deal exclusively in exempted, non-GST products are not required to file GST return.
Income Tax Return (ITR)
Self-employed individuals with income through business also need to accommodate and finalize their yearly accounts. Taxpayers must be prepared with the filing of returns, in order to simplify the process.
According to Section 139(1) of the Income Tax Act, 1961 of India, A ‘mandatory return’ is required to be filed by the following:
- Any company whether it is domestic, foreign, public or private.
- Any firm inclusive of unlimited liability partnership firm and LLP.
- Any individual whose total income within a financial year exceeds the basic exemption limit.
These days the government simplified filing for Tax Returns for the citizens by introducing e-Filing Policy. E-filing is defined as filling for Income Tax Returns electronically. Through e-filing, one has the option of either seeking help from a professional or registering online for the tax return from the comfort of one’s home.
Tax Deducted at Source (TDS)
The tax collected by the government as per the Income Tax Act, from the payer, deductor or employer who deducts tax from their payee, deductee or employee is the Tax Deducted at Source. TDS is deducted either from salary, commission, rent etc. The rate of TDS varies, depending upon the nature of the income.
The main objective of TDS
- It helps in timely payment of taxes of a salaried individual.
- It helps in collecting tax from the income from contractors, professionals, etc. during payment.
- It helps in the smooth operation of the government.
The advantages of TDS
- It prevents evasion of taxes.
- It broadens the base for tax collection.
- It is a steady source of revenue for the government.
- Taxpayers do not have to make the payment themselves as it is collected automatically and deposited to the Central Government’s credit.
- It allows the sharing of responsibility for deductor and tax collection agencies.
TDS Deposit Due Date
||April to June
||31st July 2016
||July to September
||31st October 2016
||October to December
||31st January 2017
||January to March
||31st May 2017