Income Tax
Income Tax is one of the major tax revenues for government under Direct Tax regime. Every individual or business entity which accounts taxable income need to file the return and pay the self- assessed tax within the due date.
Income tax filing or payment of income tax is applicable for individuals whether salaried employee, pensioner or business firms, LLPs or Companies. Non-filing or payment may attract penalties and interest charges in addition to non-availability of refund if any.
Truzly’s qualified chartered accountants and our team support you to file income tax returns and get refund (if available). Income tax returns are completely online and processed in a central location.
Annual Income Tax Compliance Package Starts at Just 50,000/-
All Inclusive Pricing – No Hidden Fee
Income Tax return for Proprietorship or individuals
Every proprietorship or individual (salaried or other income person) should file income tax return if the total income exceeds Rs. 2.5 lakhs in previous year. Audit is mandatory for a proprietorship firm if the total sales or income is over Rs.1 crore during the financial year. If such firm is a professional, audit would be required if total gross receipts is more than Rs.50 lakhs during the financial year under assessment.
All Inclusive Pricing – No Hidden Fee
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Just ₹5,000 Only/-
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Income tax return filing
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Computation of Income statement
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Bank reconciliation statement
Partnership Firm or LLP Income Tax Return
Like any business entity, Partnership firm and LLPs are liable to pay income tax and file necessary returns. At present the tax rate is 30% in addition to surcharge at 12%. Partnership firms are required to file income tax return in form ITR 5. ITR 5 to be filed electronically and no physical filing or document submission required. It is also necessary to reconcile your 26 AS for the purpose of calculating final tax liability or refund. Truzly ensures accurate calculation and proper filing of Income Tax returns along with reconciliation and computation of taxable income. Audit is mandatory if, Partnership firms or LLP having total turnover exceeding Rs.1 crore in the previous year or having income from profession exceeding Rs.50 lakhs in any previous year.
All Inclusive Pricing – No Hidden Fee
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Just ₹15,000 Only/-
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* Applicable for turnover below Rs. 1 Crore
Income Tax return for Private Companies
Every private limited company should under statutory audit and file the income tax return in form ITR -6. Generally, the due date is 30th September. Upon computation of taxable income after reconciliation with 26 AS statement, tax payment to be made. Just like any other ITR returns, ITR 6 is also in electronic form.Truzly provides a wide-range of taxation services mainly focused on small and medium size private companies to support their income tax and GST related needs. Further, Truzly provides complete back office accounting services which assumes GST and Income Tax related compliances as well.
All Inclusive Pricing – No Hidden Fee
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Just ₹30,000 Only/-
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Income tax filing
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Financial preparation
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Tax computation
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Bank reconciliation statement
Tax Deducted at Source
Tax Deducted at Source is a form of income tax deduction on behalf of Government by any person who makes a payment above certain limit. Upon deduction, necessary form to be filed with income tax department and pay the taxes. The Deductor should furnish TDS certificate in the prescribed form.
Further, for remitting the TDS payment and filing return, TAN or Tax deduction and collection no. is necessary. TDS to be filed in Form 24Q, 26Q, 27Q, 27EQ for different purpose. Learn more about TDS filing and contact us for professional TDS filing service. Below is the due date for TDS filing:
| Period | Due date for Filing Form 27Q |
|---|---|
| 1st April – 30th June | On or before 31st July |
| 1st July – 30th September | On or before 31st October |
| 1st October – 31st December | On or before 31st January |
| 1st January – 31st March | On or before 31st May |
All Inclusive Pricing – No Hidden Fee
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Just ₹6,000 Only/-
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Four returns of TDS form for a year
Why you need Truzly for Income Tax Compliance
Truzly provides complete accounting, GST, Income Tax and TDS related services in one roof. Our experience in accounting and accurate tax services ensure our clients are free from any non-compliance. Our mission is to make every business entity concentrate more on growth and business competition rather than focusing on support services.
Truzly professionals are ready to serve you for Income Tax and gamut of services
All in One Annual Package
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Just ₹50,000 Only/-
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Income Tax filing
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Tax computation and reconciliation
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GST return filing
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TDS returns
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Preparing TDS certificates
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Advance Tax payment services
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Bank reconciliation
FAQ’s and Useful insights on Income Tax:
On the other hand, outsourcing the back-office work viz., accounting, GST, income Tax and TDS returns assures no or minimum employee cost. Further, external outsourcing service provider like Truzly comes with professional experience and offer end to end support at much lower cost. Hence for all entities, should strive to outsource non-cover areas to make their business competitive, especially small and medium firms.