Reporting business income during return filing is critical to avoid any tax non-compliance. At end of year businesses struggle to get their accounts in order. This premium ITR filing plan is designed to provide you professional help in preparing financial statements and filing business ITR.
Further, our experts will assist you with payment of advance taxes and guide you on critical business finance planning to help maximise tax saving.
Applicable Annual Turnover < Rs. 2 cr for businesses or Gross Receipt < Rs. 50 Lacs for Professionals.
Who should take this package?
Any business entity required to maintain books of accounts
Small Businesses and Professionals requiring books of account
Small businesses requiring Tax Audit including Derivative & intraday traders auditorsaab.com Experts help you file your return using our proprietary auditorsaab.com product.
What services are covered in this plan?
Account Summary - P&L and Balance Sheet (up to 100 entries per year)
Advance Tax Payment (4 Qtr.)
Expert Assisted Tax Filing for business and professionals
Tax Savings & Planning Advice
Documented follow up
Bank Statement/ Electricity Bill/ Telephone Bill
Copy of Rent agreement of office premises executed on the name of the Company (If rented Property)
Purchase of plan
Upload documents
Financial Statements Preparation
Review computation sheet
Return filed & acknowledgement generated
What is the due date to file business returns?
In auditorsaab.com audit is applicable the due date is 30th September otherwise it is 31st July.
Can I file a revised return to correct a mistake in original return filed?
Yes, return can be revised within a period of one year from the end of the relevant assessment year or before completion of the assessment whichever is earlier. Filing of revised return is not part of the plan. Plan buyer is required to provide full and accurate details to avoid the need for any rectification in the originally filed return.
Am I required to keep a copy of the return filed as proof and for how long?
Yes, under the Income-tax Act legal proceedings can be initiated up to 4 to 6 years (depending upon case to case) prior to the current financial year. However, in certain cases the proceedings can be initiated even after 6 years, hence, it is advised to preserve the copy of return for at least 6 years or maintain it as long as possible.
