Alliance Corporation

Income Tax

Income Tax

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  • Income tax

    Income tax

    An income tax is 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.