India is heading towards greater economy with various types of businesses. As there is an exponential growth in economy and the number of folks indulged in that the need of income tax return filing also increased. Most of the folks skip to do it because of hectic procedures, but do you know it is mandatory and also your right as it is the validation of your income. To make this task easier and hassle free Soumya Solutions assists you with the best and most experienced income tax return filing consultants in Hyderabad who are highly equipped with entire procedure of returns filing and can assist you throughout to file and maintain your income tax returns.
There are number of folks who are indulged with number of businesses and ways of earning money, and get confused under which sector of employment they can file their returns. To give a quick solution for your entire queries our best income tax return filing consultants are always at your assistance.
SOLUTIONS FOR EVERYONE:
We have comprehensive solutions for your income tax return filing regardless of the sector you belong to. Either you are a salaried or an entrepreneur; we have complete solutions for everyone. There are different types of ITR forms to be filled, but which one to choose totally depends on their type of earning. Here we have listed down all the ITR forms which are to be filled.
ITR 1:
This form is known as Sahaj form and is filled by an individual taxpayer to file their returns. This form is applicable for only few folks as listed below:
ITR 2:
People earning from sales of property or assets are eligible to fill this form for income tax returns. This form can also be filled by those folks who are earning money from countries outside India.
ITR 3:
This form is filled by those individual who are partnered with any organization but doesn’t conduct any kind of business under that organization. Also if the folk is not earning any income from any business of that firm can file returns of income tax with this form. This form is filled by below listed taxpayers who are earning money in the form of:
ITR 4:
Business person or people who are earning money from their profession are eligible to file income tax returns using this form. This form is applicable for all types of business, professions, etc. This form can be used by various people belonging to various earnings, such as doctors, engineers, shopkeepers, or designers, agents, retailers and contractors etc.
ITR 4S:
This form is known as sugam form and can be used by below listed earning folks to file their income tax returns, such as:
ITR 5:
It is used only by following money earning bodies:
Avoid Penalties
Filing ITR is necessary to avoid any penalties. As a law-abiding citizen, one should file their income tax returns.
Receipt Is Very Important:
ITR receipt is a very important document one should also preserve it. It is an important proof of your income and of payment of one’s taxes.
Help Process Loans:
ITR receipt is a useful document for hassle-free processing of bank loans when you apply for high-value loans like home and car loans.
Visa Processing:
In Visa processing, ITR receipts of the past years are required to process your visa application. They are very particular about your tax compliance and hence, you are asked to furnish past ITR receipts.
Soumya Solution is one stop service provider for all kind of food license, trade license, GST registration, Firm registration and IT Returns filing, our decades of experience and expertiese ensures your quality service within spitulated time frame with highly compitative price. our partnership centric approuch aiming to customer delight at utmost priority.
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