We provide income tax services for all different types of organizations for matters concerning tax Savings, late Income Tax Filing, Revised Income Tax Filing, Optimal Salary Structure, Start-up Salary, Capital Gains, Re-investment Options, Undisclosed Income, Tax Investigations, Handling IT Notice, IT Audit, etc.
Proprietorship must pay tax on its revenue just like all other incorporated entities. Two different income tax returns are to be filed depending on the nature of the proprietorship.
Form ITR-3 :
This form should be used to file income tax if the proprietorship is run by a Hindu Undivided family or any other proprietor.
Form ITR-4 Sugam :
This form is different from the previous form as this form is used by proprietorships that fall under presumptive tax schemes. This is to reduce the burden of compliances that fall upon small businesses. The procedure for filing income tax returns for proprietorship requires several legal documents and must be filed before the deadline. It is a long and exhausting process. But our team of top chartered accountants, make sure that they provide the fastest and the most efficient and accurate online ca services.
Partnership firms are required to maintain compliance like LLPs and Companies registered in India. Partnership firm compliance mainly includes filing of income tax returns, while corporate entities like LLP and Company require both income tax return filing with the Income Tax Department and annual return filing with the Ministry of Corporate Affairs. Partnership firms having an annual turnover of over Rs.100 lakhs are also required to obtain a tax audit. Our tax consultants take care of all the necessary legal requirements right from the registration to annual return filing of partnership firms. THE TAX HELP can help you in maintaining the compliance of your partnership firm.
Income Tax E-Filing is a process through which Individuals/ HUF/ Associations/ Businesses provide information about their income throughout the financial year & accordingly the Income tax e filling. The process of Income tax e filing comes into existence once the final income of the assessed is computed from all sources & subsequent income tax is calculated. Different ITR Form is prescribed which is based on the sources of income. Income Tax Return is a form in which the taxpayers file information about his income earned and tax applicable to the income tax department. The department has notified 7 various forms i.e., ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 to date. Every taxpayer should file his ITR on before the specified due date.
The procedure to understand who should pay income tax, which income tax return to file can be very confusing. But our tax consultants make sure to solve all your problems and provide optimum solutions to minimize taxes and facilitate success.
Documents required for ITR filing :