Income Tax Return

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Income Tax Return

It is a tax levied by the Government of India on the income of every person. The provisions governing the Income-tax are covered in the Income-tax Act, 1961. Income-tax is levied on the annual income of a person. The year under the Income-tax Law is the period starting from 1st April and ending on 31st March of next calendar year. Our expert team of chartered Accountant can help you file Income Tax return for any type of Income you have. Even if someone is not liable to file ITR, it is always a wise decision to file one because of advantages such as Availing of home loan, car loan, it serves as a legal documents at many places such as visa authorities, financial institutions etc. Experience the best professional service. Contact us today for any LLP Annual filing matters at 7065818801

      FAQ

It is a tax levied by the Government of India on the income of every person. The provisions governing the Income-tax are covered in the Income-tax Act, 1961

Income-tax is levied on the annual income of a person. The year under the Income-tax Law is the period starting from 1st April and ending on 31st March of next calendar year. The Income-tax Law classifies the year as (1) Previous year, and (2) Assessment year.The year in which income is earned is called as previous year and the year in which the income is charged to tax is called as assessment year.e.g., Income earned during the period of 1st April, 2017 to 31st March, 2018 is treated as income of the previous year 2017-18. Income of the previous year 2017-18 will be charged to tax in the next year, i.e., in the assessment year 2018-19.

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