CA Assisted Tax Filing

Special Tax Filing Plans For

  • Salaried Employees
  • Stock Market Traders
  • Freelancers & Service Providers
  • Entrepreneurs, Corporate Entity

    • No Hidden Charges



    Type of Income Tax Filing

    ITR 1 –  This form is normally called SAHAJ. SAHAJ is to be filed by an individual who gets income from sources like salary, pension, one house property, Income from other sources (excluding winning from lottery winnings and racehorses) and total income of up to Rs. 50 lakh.
    ITR 2 –  This form is for individuals or the Hindi Undivided Families (HUFs) who have income from sources other than Profits and Gain from business and profession.
    ITR 3 –  This form is for individual or the HUFs who have the income from business and professionals and not filling their return on a presumptive basis.
    ITR 4 –  This form is for those who want to declare income on a presumptive basis for their business or profession.
    ITR 5 –  This form is for everyone other than individuals, HUF, company.
    ITR 6 –  This form is for companies which are not claiming exemption under Section 11 of the Income Tax Act.
    ITR 7 –  This form is relevant for all people who are required to file tax returns under the Section 139(4A), Section 139(4B), Section 139(4C), Section 139(4D), Section 139 (4E) or 139 (4F) that mainly includes Trust, University etc.

    Important Due Dates For Filing Income Tax Returns

    The due date for filing Income Tax Returns for any financial year is usually the same, which is 31st July. However, there are a few categories of taxpayers that have a different due date. The following table will help you find due dates for the current financial year:

    Category of Taxpayer Last Date
    Individual 31st July
    Body of Individuals (BOI) 31st July
    Hindu Undivided Family (HUF) 31st July
    Association of Persons (AOP) 31st July
    Businesses (Requiring Audit) 30th September
    Businesses (Requiring TP Report) 30th September

    Why Choose Us

    Every Income Tax Return will be reviewed by a Chartered Accountant

    Filling an accurate Income Tax return is essential to ensure that there is no notice of defective notice. We at legal workmate follows a system of maker and checker to assure that returns are filled most accurately.

    Free tax advisory service by Chartered Account for Tax Saving

    Our Income Tax filling team will provide you with advice to optimize your tax liability in the most suitable manner. With the help of this, it will be easier for you in the subsequent year to assure proper tax planning.

    100% data
    privacy and Security

    The data that you will be sharing with our team will be 100% secured and will not be shared with any third party. The data that you are sharing is saved in a secured server, and no physical copy of the same is taken by our team.

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    List of Required Documents

    For Salaried

    • Abstract of bank statements
    • Pan Card and Aadhaar Card.
    • Form 16A / TDS certificate
    • Collect home loan certificate if any,
    • Details of Total Income and Address of let out property if any,
    • Details of Interest from Other Source if any, (Fixed Deposit Interest detail, Saving Account Interest details, Dividend Income Details.)
    • Deduction to be claimed other than mentioned in form 16 (Certificate or proof of such investments or expense.)
    • Income Tax User ID and Password or Form 26AS.

    For Capital Gain Income

    • Pan Card and Andhra Card.
    • In case of sale of Immovable Property (Purchase deed and sale deed of the property, Details of any new purchase made from the sales consideration.)
    • In case of Income from Stock Market (Gain or Loss statement from Stock Brocker, Statement of Mutual Fund in case of sale of Mutual Funds.)
    • Income Tax User ID and Password or Form 26AS.

    For Professional & Freelancers

    • Abstract of bank statements
    • PAN Card and Aadhaar Card.
    • Details of receipt book if any.
    • Voucher of expenses if any.
    • Details of Assets and Liabilities if any.
    • Form 16A / TDS certificate if any.
    • Collect home loan certificate if any,
    • Details of Interest from Other Source if any.
    • Fixed Deposit Interest detail.
    • Saving Account Interest details.
    • Dividend Income Details.
    • Receipt of deduction to be claimed in Income tax return.
    • Income Tax User ID and Password or Form 26AS.

    For Traders & Small Business

    • Abstract of bank statements
    • Pan Card and Aadhaar Card.
    • Details of receipt book and expense book
    • Details of all assets and Liabilities
    • Details of Business Activities and GST Returns if any
    • Collect home loan certificate if any
    • Details of Total Income and Address of let out property if any
    • Details of Interest from Other Source if any
    • Fixed Deposit Interest in detail.
    • Dividend Income Details.
    • Receipt of deduction to be claimed in Income tax return like,
    • Income Tax User ID and Password or Form 26AS.

    For Presumptive Income Filing

    • Bank Statement and Andhra Card.
    • All Bank Statement Copy,
    • Receipt book if any,
    • Details of Normal Business Margin/ Profit.
    • Small Description of Business,
    • GST Returns if any.
    • Income Tax User ID and Password or Form 26AS.

    Advantages

    Loans

    Bank loans like education loans, vehicle loans, personal loans, can be availed easily as they require last three year’s IT returns.

    Visa

    As Immigration centers scrutinize many documents and IT returns proofs is a mandatory document for visa applicants.

    Carry Forward Losses

    If you have incurred any losses in your business on account of expenses or depreciation, you must file your return to carry forward those.

    Tax Refunds

    If the amount of TDS deducted is higher than your actual tax payable, then a person can claim the refund of excess TDS amount deducted by filling its Income Tax Return.

    Avoid penalties

    Hefty amounts would be charged for non-filing of income tax returns and hence, it is always better to file it to avoid legal repercussions.

    Avoid Tax Notices

    Filing of accurate Income Tax return helps you to avoid hassles of Income-tax notices. You may be served legal notice if you have not filed your ITR or have filled incorrect one.

    Frequently Asked Questions
    I don't KNOW WHICH PLAN WILL BE BEST FOR ME.

    In this case, you can contact us on the helpline number or can send us mail. Our expert shall call you and will help you to decide the most effective plan for you.

    WHAT IS INCOME TAX RETURN?

    Income Tax is payable by every person whose income exceeds the basic exemption limits. It is levied on the Income Earned during financial year starting from 1st April to 31st March.

    WHO ARE REQUIRED TO FILE INCOME TAX RETURN?

    Income Tax Returns are required to be filed by 31st July of the Year to avoid any late payment fees (Other than those liable to Audit) and can be filled till 31st March of Next Year with late payment fees.

    • In case of Individual:
      • Every Individual whose Income Exceeds the basic amount not chargeable to tax without claiming any deduction under chapter VI-A.

    However, the following persons are also advised to file IT Return.

      • Whose TDS has been deducted and wants to claim the same.
      • Who plans to avail any loan in next 3 to 5 years.
      • It is useful for obtaining Visa for studies, Job or any other purpose.
      • Act as Income proof for availing any government subsidy or benefit of government scheme.
      • Mandatory for every type of entity other than Individual whether having any Income or Not:
      • Partnership Firm.
      • Limited Liability Partnership (LLP).
      • Private and Public Limited Company.
      • One Person Company (OPC).
      • Trust and NGO.

    HOW CAN I MAKE PAYMENT OF INCOME TAX TO GOVERNMENT?

    Payment of Income-tax can be made either through Physical mode, i.e. Cheque or Cash on the bank counter or e-payment through NSDL portal. Payment is to be made through Challan 280.

    WHICH TYPE OF INCOME TAX RETURNS FORM ARE THERE?

    Type of Income Tax from depends on the type of assesse and his nature of Income.

    • For Individual/ HUF: ITR-1, ITR-2, ITR-3 and ITR-4.
    • For Company: ITR 6.
    • For Trust: ITR: 7.

    For Others: ITR-5

    WHAT ARE THE ADVANTAGES OF FILING ITR IN CASE OF INCOME IS BELOW TAXABLE INCOME?

    • To claim a refund of any TDS that has been deducted.
    • Acts as an Income proof for availing any loans or for obtaining Visa for studies, Job or any other purpose.
    • Act as Income proof for availing any government subsidy or benefit of government scheme

    WHAT ARE THE DUE DATES OF FILING INCOME TAX RETURNS?

    Type of Entity Due Dates
    Company 30th September
    Persons whose accounts are required to be audited 30th September
    For all other entity or persons 31st July

    WHAT IS THE TIME LIMIT FOR FILING BELATED RETURN?

    The belated return can be filed on or before 31st March of the relevant assessment year.

    WHAT TO DO IN CASE OF ANY ERROR OR MISTAKE IN FILING OF RETURN.

    If any error is discovered in filling the Income Tax return, then the return can be revised u/s 139(5) of the Income Tax Act. However, no Income Tax return can be revised after 31st march of that assessment year.

    MY INCOME IS BELOW inr 5,00,000/- WHY SHOULD I FILE MY INCOME TAX RETURN?

    Even if your income is below the taxable limits you are advised to file your Income Tax Return to avail the below–given benefits

    • Whose TDS has been deducted and wants to claim the same.
    • Who plans to avail any loan in next 3 to 5 years.
    • It is useful for obtaining Visa for studies, Job or any other purpose.
    • Act as Income proof for availing any government subsidy or benefit of government scheme.

    WHAT IS INCOME TAX SLAB FOR INDIVIDUAL FOR F.Y 2019-20?

    Income Tax Slab for non-senior citizen individual for F.Y 2019-20 is


    Income Tax SlabIncome Tax Rates
    Income up to INR 2.5 LakhsNIL
    Income between INR 2.5 to 5.00 Lakhs5% on income above INR 2.5 Lakhs
    Income between INR 5 to 10.00 Lakhs20% on income above INR 5 Lakhs
    Income above INR 10.00 Lakhs30% on Income exceeding INR 10 Lakhs

     

    However, if your net income is below INR 5.00 Lakhs then there is a rebate up to INR 12,500/- due to which no tax is required to be paid.

    WHAT IS 26 AS AND HOW TO GENERATE IT?

    • 26As is a statement that contains all the data of the TDS, advance tax and TCS deducted from your income. Further, it also contains data of Income Tax Refund and property transaction made by you.
    • To download form 26AS login to your Income Tax ID and click on download form 26 AS from the same. Then fill the financial year in it and click on the submit button.

    WHAT IS RECONCILATION OF GST CREDIT?

    Input credit filled by the supplier is reflected in GSTR 2A automatically with details of all the input supply. The Credit reflected in GSTR 2A has to be reconciled with that shown in books of accounts, GSTR 3B and GSTR 1 quarterly.

    WHAT SHOULD BE DONE IN CASE THERE IS A DIFFERENCE IN 26 AS AND ACTUAL TDS DEDUCTED?

    This type of errors occurs mostly in case of wrong filing of TDS returns by the deductor or case of non-deposit of the TDS to the department. Under such circumstances the person should ask the deductor for filling of TDS return or deposit of the tax amount.

    I DO NOT HAVE MY INCOME TAX ID AS OF NOW HOW TO FILE MY INCOME TAX RETURN?

    Don’t worry we will reset your Income Tax Password through your Aadhar OTP if you don’t remember your Income Tax password.

    CAN I CLAIM THE INVESTMENTS MADE ON APRIL MONTH OF NEXT YEAR AS DEDUCTION UNDER SEC 80 C?

    No, as per the Income Tax Act, you can only claim the deduction of those investments in that financial year. So you will be allowed to claim the deduction of the investment in next financial year only.