Tax Filings
INCOME TAX FILING
Income tax return must be filed by persons in every year. Aapka consultant offers you an easy process for filing income tax return.
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WHAT IS INCOME TAX RETURN ?
> The law states that tax returns must be filed every year for an individual or business that received income during the year, whether through regular income (wages), dividends, interest, capital gains or other sources.
> It does not depend upon the fact that whether tax has already been deducted at source by his/her employer or not.
> If the return shows excess tax has been paid during a given year, the assesse is eligible for a ‘tax refund’, subject to the department’s interpretations and calculations.
PROCESS
Documents required for INCOME TAX RETURN
• Income-tax returns are annexure less. Hence, there is no need to enclose any document(s) along with the return of income.
• Note: However, documents like TDS certificate, balance sheet, Profit & Loss A/c, Capital A/c, proof of investments, etc., documents should be retained and have to be produced before the Assessing Officer whenever he requires us to do so.