Company Registration

Income tax

Income tax

An income taxis a tax imposed on individuals or entities (taxpayers) that varies with respective income or profits (taxable income). Income tax generally is computed as the product of a tax rate time’s taxable income. Taxation rates may vary by type or characteristics of the taxpayer.

ITR-1 Return Filing

Income tax return filing for an individual with salary income of more than Rs.10 lakhs.

ITR-2 Return Filing

Income tax return filing for persons having foreign assets or foreign income.

ITR-3 Return Filing

Income tax return filing for a taxpayer with taxable income of Rs.20 lakhs to Rs.100 lakhs.

ITR-4 Return Filing

Income tax return filing for a taxpayer with taxable income of more than Rs.25 lakhs.

ITR-5 Return Filing

Income tax return filing for a taxpayer with taxable income of more than Rs.25 lakhs.

ITR-6 Return Filing

Income tax return filing for a taxpayer with taxable income of more than Rs.25 lakhs.

ITR-7 Return Filing

Income tax return filing for a taxpayer with taxable income of more than Rs.25 lakhs.

Income Tax Notice Response

Consultation for income tax notice handling and response from a Tax Expert.

TDS Return

TDS return filing for four quarter.

Form 16 Issuance

For businesses having 101 – 500 employees. Includes TDS Filing for Q4 with Annexure II, Form 16 issuance and ITR-1 filing for employees.

Annual Compliance – Proprietorship

Income tax return filing, LEDGERS accounting software and compliance management for a proprietorship with a turnover of less than Rs.100 lakhs per annum.

Annual Compliance – Partnership Firm

Income tax return filing, LEDGERS accounting software and compliance management for a partnership with a turnover of less than Rs.100 lakhs per annum.

Annual Compliance – Company

Bookkeeping, financial statement preparation, annual report / director’s report / board resolution preparation, MCA annual return filing, income tax return filing, auditor appointment, commencement of business filing, 1 year dedicated compliance manager support and LEDGERS accounting software for a company with a turnover of less than Rs.100 lakhs per annum.

Annual Compliance – LLP

Annual return filing, income tax return filing, LEDGERS accounting software and compliance management for a LLP with a turnover of less than Rs.100 lakhs per annum.

Annual Compliance – Foreign Subsidiary

Annual return filing, income tax return filing, secretarial services, LEDGERS accounting software and compliance management for foreign subsidiary company with a turnover of less than Rs.100 lakhs per annum.

Companies Fresh Start Scheme

MCA has introduced a new scheme called the ‘Companies Fresh Start Scheme 2020’ which waives all MCA related penalties and provides prosecution immunity for Directors.