#itrfiling

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Consultancy services refer to professional advice and expertise offered by specialized individuals or firms to assist businesses, organizations, or individuals in addressing specific challenges, improving processes, and achieving their goals. Consultants are typically experts in their respective fields and provide unbiased, objective insights and recommendations.

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File your Income Tax Return (ITR) at the best cost with Accteez

For more details Call: +91-8860632015

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Avoid Penalties: File Your ITR

As the ITR filing deadline approaches, it’s essential to file on time to avoid penalties and safeguard your financial status. Filing early gives you the chance to double-check for deductions, correct any errors, and file your income details accurately. Preparing your tax return in advance can also mean faster access to potential refunds and fewer risks of filing complications. Start gathering necessary documents now to make sure you’re ready well before the last date.

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How to link Aadhaar with Income Tax Return? - Tax Craft Hub

Linking your Aadhaar with your Income Tax Return (ITR) is a simple process that can be done online through the Income Tax e-filing portal. First, ensure that your Aadhaar number is updated in the e-filing portal by logging into your account. Once logged in, go to the "Profile Settings" section and select "Link Aadhaar." Enter your Aadhaar number and name as per your Aadhaar card, then click "Link Now." If your details match with the records, the Aadhaar will be successfully linked to your PAN. This linkage is crucial, as it is mandatory for processing your ITR and avoiding penalties.

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Filing Late ITR for FY2023-24: New Tax Regime Guide

Missed the ITR deadline? No worries! You can still file a late return for FY2023-24 (AY 2024-25) under the new tax regime. Visit Taxgoal for a straightforward guide on the steps to file, avoid penalties, and stay compliant with tax regulations. Get expert assistance today! Contact us (+91-9138531153) today for Online Income Tax Return Filing Services Delhi.

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Income tax filing rajajinagar 

Due date of filing ITRLast date to file ITR for financial year 2023-24 (AY 2024-25) without late fees is July 31, 2024. October 31 of the relevant assessment year. For FY 2023-24 (ended on March 31, 2024), the AY is 2024-25. November 30 of the relevant assessment year.1 

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Income tax filing Rajajinagar

July 31The last date for filing an income tax return (ITR) for the assessment year 2024-25 (FY24) is July 31 and missing this deadline could attract legal repercussions affecting your financial planning

Contact us : 9844000399

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GST AUDIT PREPAREDNESS: SAFEGUARDING YOUR STARTUP

The Goods and Services Tax (GST) system has transformed India's taxation environment by including a slew of indirect levies. While it simplifies the tax structure, it also imposes onerous compliance obligations on enterprises, particularly startups. GST audit readiness is one such critical aspect. This article examines the significance of GST audits for startups, describes the essential compliance criteria, provides a complete guide to GST audit readiness, and offers practical advice for protecting your firm. Read More..

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File your Income Tax Return (ITR) at the best cost with Accteez

For more details Call: +91-8860632015 😊😊

[setupfiling]

Income Tax Return Filing for Last 3 Year

It not only helps you abide by the law but also ensures that you are contributing to the development of the nation. Under Section 139(8A) of the Income Tax Act, taxpayers have the option to file their income tax returns for the last three years.

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Filing Income Tax Returns in India: A Comprehensive Guide with Ensurekar

Introduction

Filing your income tax return (ITR) in India can seem daunting, but with the right information and guidance, it can be a smooth and efficient process. This guide provides a comprehensive overview of e-filing income tax returns in India, including registration, types of returns, filing procedures, and crucial details for the Assessment Year (AY) 2023-24.

What is eFiling Income Tax Return?

The Income Tax Department of India offers a convenient online platform for electronically filing your ITR. This e-filing portal eliminates the need for physical visits to tax offices and streamlines the entire process.

Why File Your ITR?

Individuals falling under specific tax slabs are mandated to file their returns. Here are some reasons why filing your ITR is important:

Fulfilling Tax Obligations: It ensures compliance with tax regulations and avoids potential penalties for non-filing.

Claiming Refunds: If you've paid excess taxes through TDS (Tax Deducted at Source), filing your ITR is necessary to claim a refund.

Loan and Visa Applications: Many financial institutions and embassies require a clean tax filing history for loan approvals and visa processing.

Carrying Forward Losses: If you've incurred losses under a specific income head, filing your return allows you to carry them forward and offset future income.

Building a Credit History: A consistent record of timely ITR filing can positively impact your creditworthiness.

Types of eFiling Income Tax Returns

There are two main ways to file your ITR electronically:

Self-e-Filing: This involves filing your return directly through the Income Tax Department's e-filing portal. You'll need to fill out the ITR form with all necessary information, attach required documents, and submit it online.

Assisted ITR Filing: You can opt for assistance from authorized professionals like tax consultants, chartered accountants, or online tax-filing platforms. These intermediaries will handle the entire filing process, from collecting information to submitting your return online.

Benefits of eFiling Income Tax Return (ITR):

Convenience: Eliminates the need for physical visits and saves time and effort.

Security: The online process protects sensitive information with secure protocols.

Timely Processing: E-filing leads to faster processing and quicker refunds compared to paper returns.

Accuracy: The online platform helps with accurate tax calculations and reduces the chances of errors.

Environmentally Friendly: E-filing reduces paper usage and contributes to a greener environment.

How to File an eFiling Income Tax Return

Step 1: Registration

New users need to register on the Income Tax Department's e-filing portal using their PAN card details.

Step 2: Gather Documents

Collect all relevant documents like PAN card, Aadhaar card, Form 16 (salary certificate), TDS certificates, bank statements, investment proofs, and any other income or deduction-related documents.

Step 3: Choose the Right ITR Form

The appropriate ITR form depends on your income sources and category. Common forms include ITR-1 (for income up to ₹50 lakhs) and ITR-2 (for income with capital gains or foreign assets). For AY 2023-24, ensure you use the most recent versions of the forms.

Step 4: Fill and Verify the ITR Form

Fill out the chosen ITR form with accurate details about your income, deductions, and exemptions. Carefully review the entries to avoid errors. You can verify the return electronically using Aadhaar OTP or EVC (Electronic Verification Code), or by sending a signed physical copy of ITR-V to the Centralized Processing Center (CPC) within 120 days of filing.

Step 5: File the Return Online

Log in to the e-filing portal, navigate to the 'e-File' section and select 'Income Tax Return.' Upload the prepared ITR form or XML file and submit it.

Step 6: Keep Records for Reference

Maintain copies of the filed return, acknowledgment receipt, and supporting documents for future reference.

How Ensurekar Can Help

At Ensurekar, we understand the complexities of tax filing. We offer a comprehensive range of services to ensure a smooth and efficient ITR filing experience:

Expert Guidance: Our experienced tax professionals can guide you through the entire process, from choosing the right ITR form to maximizing deductions and claiming refunds.

Accurate Calculations: We ensure accurate tax calculations to minimize any tax liabilities or penalties.

Timely Filing: We help you meet all deadlines and avoid late filing penalties.

Stress-Free Experience: We take the stress out of tax filing, allowing you to focus on other important matters.

Additional Information:

Penalty for Late Filing of ITR: Filing your ITR after the due date can attract penalties and interest charges on the tax payable.

Steps to File ITR without Form 16: If you don't have Form 16, you can still file your ITR by gathering income proofs from various sources, calculating your TDS using Form 26AS, and claiming eligible deductions.

Conclusion:

Filing your income tax return is a crucial responsibility. By leveraging the benefits of e-filing and potentially seeking professional assistance from Ensurekar, you can ensure a smooth, accurate, and timely filing process.

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How Income Tax Return is calculated on salary in India - Tax Craft Hub

In India, Income Tax Return (ITR) on salary is calculated based on the total income earned by an individual during a financial year. The salary income, which includes basic pay, allowances, bonuses, and other perquisites, is taxed according to the income tax slabs prescribed by the government. These slabs vary depending on the age of the taxpayer (below 60, between 60-80, and above 80). After considering allowable deductions under sections such as 80C, 80D, and others, the net taxable income is determined. The tax liability is then calculated based on the applicable tax rates, and any advance tax or TDS (Tax Deducted at Source) already paid is deducted to determine the final amount payable or refundable. Filing the ITR ensures compliance with tax laws and enables the taxpayer to claim refunds or carry forward losses.

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NRIs: Avoid Tax Issues with Income Limits & ITR Filing

NRIs can sidestep tax issues by understanding income limits and proper ITR filing requirements. Key strategies include staying updated on Indian tax laws, declaring all foreign income, and leveraging tax treaties. For guidance, consult experts at Taxgoal to ensure compliance and optimize tax benefits efficiently. Contact us (+91-9138531153) today for Income Tax Return in India for NRIs.

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What is Belated Return U/s 139(4) and Revised Return U/s 139(5)?

If you've filed your income tax return 6 months late, you may be subject to penalties and interest. In this video, we'll explain the belated return under section 139(4) and the revised return under section 139(5).