Tax Filing
Filing Income Tax Returns is mandatory for individuals if the gross total income is above a certain limit in a financial year. The limit of income exceeds for senior citizens and super senior citizens. The income tax slabs and the tax rates are generally announced in the union budget for particular financial years. Both income tax slabs and rates may change from the previous financial year. It is very important to know the various possible deductions, tax-exempted components, and investments in certain schemes that help reduce overall tax liability for a particular financial year. It is also possible to carry forward losses into the next financial year in certain cases which help reduces the income tax. Filing an ITR for a resident Indian, a non-resident Indian (NRI), a senior citizen, a super senior citizen, an individual, a HUF, etc varies significantly. Hence it is strongly recommended to file an ITR with the help of a tax consultant to avoid any complications at a later date. For more information on Filing ITR please contact us by email, Whatsapp, or simply send a request using the adjacent inquiry form.