Income Tax Return Individual Resident

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Why Income Tax return need to file?

Income Tax return filling is legal requirement in India as per Income tax Act 1961 The following taxpayers are required to file a mandatory income tax return are listed below:

  • Any private, public, foreign, domestic company.
  • Any Limited Liability Partnership (LLP) and unlimited liability partnership.
  • Any total individual income is exceeding the exemption limit.

Process Involved

Step-1

Documentation Documents are provided by the client

Step-2

Computation of Income Based on above documents Income is calculated and sent to client for confirmation

Step-3

Calculation of Tax Payable Tax payable is calculated based on Income

Step-4

Payment of Tax Computation of Tax is sent to client and informed for payment

Step-5

Submission of Return Prepared income tax return is uploaded to income tax portal using clients id and password

Step-6

uploaded to income tax portal using clients id and password

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