Income Tax Return Filing (A.Y. 2024-25)
It’s time to prepare for filing your Income Tax Return (ITR) for the Assessment Year (AY) 2024–2025 as the new fiscal year approaches. In addition to ensuring that you continue to comply with tax laws, filing your ITR facilitates refund claims and the creation of a reliable financial record. This comprehensive guide will help you with the ITR filing procedure.
Income Tax Return Filing for Last 3 Year
Have you failed to file your income tax return? Do not be concerned! Under section 139(8A), you are still able to file your income tax returns for the previous three years (AY 2022–23, AY 2023–24, and AY 2024–25). Don’t wait; submit your ITR with computation for the last three years. We’ll make sure you get your submitted ITR acknowledgement by the end of the day if you get in touch with us today!
Income Tax Audit
An essential component of guaranteeing adherence to Indian tax regulations is income tax audits. Depending on their turnover limit, some taxpayers must go through a tax audit under Section 44AB of the Income Tax Act. Penalties under Section 271B may result from failing to do a tax audit when necessary. The maximum penalty is either 0.5% of the turnover or ₹1.5 lakh, whichever is less. As a result, following the Income Tax Audit rules is essential. The Income Tax Audit Report must be submitted by October 31, 2024. Please speak with our Chartered Accountant (CA) if you have any queries about the requirements for the tax audit.
Income Tax Notice
Don’t wait if Section 139(9) of the Income Tax Act has issued you a Notice for Defective Return! Your financial ambitions shouldn’t be derailed by a defective return! To guarantee that your tax affairs are in order and to prevent any penalties, take action right now. Your prompt action could make all the difference! Speak with one of our professionals now.
ITR-2 Filing
ITR-2 Income Tax Return The AY 2024–2025 filing process has begun. The Income Tax Return (ITR) for FY 2023-24 (AY 2024-25) must be filed by July 31, 2024, in order to avoid a late fee. Verify your eligibility and submit your ITR-2 application before the deadline to avoid paying a late charge. Get in touch with us now.
ITR-3 Filing
The process of filing the Income Tax Return (ITR 3) for the fiscal year 2024–2025 has begun. The Income Tax Return (ITR) for FY 2023-24 (AY 2024-25) must be filed by July 31, 2024, in order to avoid a late fee. Verify your eligibility and submit your ITR 3 application before the deadline to avoid paying a late charge. Get in touch with us now.
Advance Tax Payment
Income tax payments must be made during the actual fiscal year, on an estimated basis. It is required by law to pay the advance tax if the total amount of taxes due in a given fiscal year exceeds Rs. 10,000. If advance tax is not paid, there may be additional interest charged on income tax when the income tax return is filed.
TDS Return
TDS must be subtracted when purchasing real estate before you can pay the seller the agreed-upon amount. Our Tax Specialists help with TDS payment, acquiring the TDS Certificate, Form 16B, and Challan 26QB. Make an appointment with our professionals right now for easy support and TDSS compliance on real estate deals.
TDS on Sale of Property
When purchasing real estate, you have to subtract TDS before paying the seller the agreed-upon amount. The TDS Certificate, Challan 26QB, Form 16B, and TDS payment are all handled by our tax specialists. To ensure smooth support and compliance for TDs on property sales, make an appointment with our professionals right now.
Professional Tax Registration
The tax that the state government imposes on the facilities it offers its inhabitants to enable them to conduct their professions efficiently is known as the “professional tax.” All occupations, trades, and jobs are subject to this tax, which is applied according to income.