Tax Planning
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the current new developments in the tax laws to minimize both your current and future tax liabilities.

Tax Preparation
Our significant investment in Computerized Tax preparation and Research Software enables us to accurately and efficiently prepare returns for various types of entities including Individuals, Companies, Corporations and Partnerships.

WHO IS REQUIRED TO FILE INCOME TAX RETURN?
As per the Income Tax Act, it is mandatory to file ITR if:

• Gross total income exceeds Rs.2,50,000 in FY 2019-20 (before allowing any deductions in section 80C to 80U). For senior citizens (60-80yrs) it is Rs.3,00,000 and for super senior citizens (80+) it is Rs.5,00,000.
• You are a company/firm.
• Want to claim an Income Tax refund.
• Want to carry forward a loss under a Head of Income.
• You are resident and have asset / financial interest in an entity outside India. And resident and have a signing authority in foreign account (not applicable to NRIs or RNORs).

Income tax returns need to be filed before the due date else penalties are applicable. Due date of filing income tax returns for FY 2019-20 (AY 2020-21): 30th November 2020.

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.