How To File ITR Filing-Company/LLP/Firms/Individual Liable for Audit With Taxgoal

With Taxgoal You Can File Your ITR Filing-Company/LLP/Firms/Individual Liable for Audit in simple steps.

Get Connect With Us

We conduct a thorough search of the TM directory and advice you on TM classes.

Step 1

Discusssion on Call

Our experts will collect and verify the necessary documents and file the required forms.

Step 2

Final update

You can start using the TM symbol as soon as the applications is submitted and you will receive updates until registration is complete.

Step 3

ITR Filing-Company/LLP/Firms/Individual Liable for Audit U/S 44AB

Business or professional maintaining regular books of accounts are required to file their Income Tax Returns along with Income Tax Audit u/s 44AB if their gross receipts or turnover exceeds Rs 1 crore or 50 lakhs respectively on or before 30 September of the relevant Assessment Year. Also if they have opted for Presumptive Taxation scheme and they exceed the turnover limit of Rs 2 core (Business) or 50 lakhs (Profession). Taxgoal assists businesses and professions to meet their tax compliances effectively and efficiently within the prescribed timelines.

Opt this plan to get income tax return filed for your Company/LLP/Partnership Firms/Proprietorship Firm (liable for audit u/s 44AB)
Our in house experts will assist with all your queries regarding Income Tax filing and get your return filed in a hastle free manner.

Services Covered

  • Assistance on income tax queries like issues relating to deduction, tax saving etc
  • Filing of Income Tax return
  • Assist in payment of challan for discharging tax liability
  • Review of Computation of tax and file return once approved by you

For Whom this plan is?

  • Individuals or Sole Proprietors liable for audit u/s 44AB
  • Company/LLP/Partnership Firms,trust etc
  • Any other person liable for Tax Audit u/s 4AB

Documents Required

  • Details such as PAN card no of the firm.
  • Bank details such as account no, IFSC code
  • Bank account statement
  • Audited Books of accounts i.e. (Profit & loss A/c, Balance Sheet, Trial Balance)
  • Audit Reports
  • Details of any Advance Tax deposited
  • Any other detail as required

Frequently asked questions

Form 26AS is a statement that shows the details of tax credit in a tax-payer’s account as per the IT Department’s records. The tax credit will include all the different taxes like TDS, Self-Assessment tax, Advance tax etc

Some of the types of deductions are: 1. 80C : Deduction Lic premium paid, tution fee of children, PPF etc. Maximum deduction allowed is Rs 150000. 2. 80TTA: Deduction form income of saving bank interest upto Rs 10000 3 80D : Deduction for medicliam premium paid (through banking modes) upto Rs 25000 for person below 60 years of age and Rs 50000 for person above 60 years of age (Max deduction under this section is RS 100000) 4. 80E: Deduction for interest on loan taken for pursuing higher education of self or family members or a relative. 5. 80G: Deduction for eligible Donations upto either 100% or 50% like donation in Prime Minister Nation Relief fund etc.

It is possible to file a revised return if the original return has been filed before the due date and the Department has not completed the assessment. However, a revision is not possible for a return filed after the due date.

Some of the income classified under other sources are: 1. Any contribution to a fund for welfare of employees received by the employer. 2. Income received by way of interest on securities. 3. Income from letting out or hiring of plant, machinery or furniture. 4. Money received under a Keyman Insurance Policy including bonus. 5. Commission or brokerage 6. Tution fee 7. Dividend Incomme 8. Winnings from lotteries, crossword puzzles, races including horse races, card game and other game of any sort, gambling or betting of any form is classified as income from other sources. 9. Gifts received by an individual or HUF (which are chargeable to tax) are also taxed under this head.

The due date for filing your Income Tax Return for the financial year 2017-2018 is 31st July, 2018. However belated return for F.Y. 2017-2018 can be filed upto 31st March 2019.

Ready to get started? Contact us!

Book your one-to-one free consultation session with our Taxgoal expert.

Need HELP?

Taxgoal CA Service Provider

Call now WhatsApp
Need HELP?

Taxgoal CA Service Provider

Need HELP?

Taxgoal CA Service Provider