ITR Filing for Business Owners or Professionals
Plan details:
Ensure compliance and maximize tax benefits by filing your Income Tax Return (ITR) accurately and on time. This plan is suitable for ITR filing for business owners or professionals whose books of accounts are to be audited.
ITR Filing for Business Owners or Professionals: Services of this Plan
- ITR filing for business owners having turnover of more than Rs. 2 crore in a financial year
- Or ITR filing for professionals/freelancers with receipts of more than Rs. 50 lacs in a year
- Interest income declaration
- Income from dividend declaration
- Computation and declaration of income from house property (single or multiple)
- Claiming of all the exemptions, allowances as well as deductions
- Declaration of income from capital gains
- Tax refund and tax due assistance
- Throughout support of an Income Tax Expert from TaxHelpdesk
Who can opt for this plan?
Who cannot opt for this plan?
– Business owners who do not have annual turnover of Rs. 2 crores
– Professionals or freelancers having receipts of less than Rs. 50 lacs during the year
Documents needed
– PAN Card copy
– Aadhaar Card copy
– Bank statement
– Details of assets sold and purchased
– Details of income from any other sources
– Balance sheet of Individual
– Profit and Loss A/c of Individual
– Income and expenses details
FAQs
Yes, it is crucial to maintain accurate financial records, including income and expense statements, invoices, receipts, and bank statements. These records provide evidence and support the income and deductions claimed in your ITR.
There are various tax-saving options available, such as deductions for business expenses, investments in tax-saving instruments, contributions to pension plans, and claiming eligible exemptions. Consult TaxHelpdesk to understand the specific tax-saving options applicable to your situation.
In case of businesses requiring audit of books of accounts, the due date for filing of ITR is 30th September of the relevant year.
If there is a requirement of auditing of books of account and the same has not been done, then also do not worry because TaxHelpdesk will take care of all your needs. The Income Tax experts will first audit your books of accounts and then, will file the ITR for you.
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