Income Tax Return Filing

We Simply Add Value Agile more than you Demand Simple yet Effective 1


Value Added Professional Service LLP 404, 4th Floor, Devika Tower, Chander

Nagar, Ghaziabad (U.P.) 201011 Email: [email protected]

Phone: 0120-4264301, 9810224301

mailto:[email protected]


Income tax return filing for Assessment Year 2015-16


Filing Tax Return

Only Tax Return Filing can save you from Non Tax Return Filing liability – Unknown

There are few things which you can’t avoid – I know Girl Friend / Wife, Boy Friend / Husband may be your first guess, however,

Tax Return filing is the next guess for all of us – Unknown


Confused

What is the Last Date

Which Form to be used

Mode – Online / Manual


Need Help


Our Offering

We Offer


Our Proposition

Understand your requirement

Fulfil it professionally

Offer additional value add services


What is the Last date

An Individual or HUF or businesses not required to get audited

A Company

A person whose accounts are required to be audited

A working partner of a firm whose accounts are required to be audited

An assessee who is required to furnish a report under Sec. 92E for international transaction

Any other person

31st July

30th Sept

30th Sept

30th Sept

30th Nov

31st July


What is the Last date

Any change for AY 2015-16

Last date for an Individual or HUF or businesses not required to get audited

Yes

Changed from 31st July to 31st August


Which Form to be used Salary / Pension

Income from other sources (excluding winning from Lottery and horse race)

Income from one House

Exempt income > 5,000

Income from Lottery and horse race)

Income / Loss from more than one House

Everything from ITR 1 +

Capital Gain / Loss from sale of Investment / Property

Foreign Assets


Share of profit of partner from Partnership firm


Income from Proprietary Business or Profession

Income from Business or Profession considered on presumptive basis


Mode

Return of income can be filed manually or online mode

In case of Manual filing,

acknowledgement by the counter where

return is filed is sufficient evidence of

filing of whereas in case of online filing,

ITR V needs to be sent to CPC Bangalore

If return of income is filed through

online mode, then the assessee has

following two options: 1) E-filing using a Digital Signature

(2) E-filing without a Digital Signature

If return of income is filed by using a digital

signature, then there is no requirement of sending the signed

copy, ITR V (i.e., acknowledgement of

return filed electronically) to CPC

Bangalore


Mode E-filing of return is mandatory for

Every company

Every AOP (Associatio

n of Persons or BOI (Body

of Individuals)

A person [other than a company

and a person

required to furnish

return in form ITR 7] whose total

income exceeds Rs.

5 lakh rupees

during the previous

year 2014-15

A firm or an

individual or HUF who are required

to get their

accounts audited under

section 44AB

Every person

claiming tax relief under Section 90,

90A or section 91

A political party [if its income exceeds the

limit, without claiming

exemptions under Section

13A, which is not chargeable to

tax

Every resident and ordinarily resident

individual and HUF, if he/it has any of

following: (i) Signing authority in

any account located abroad;

(ii) Any asset located abroad; or

(iii) Financial interest in any entity located

abroad


Feeling Better Informed


Here is what we do additionally

Guide through

basic tutorial

Provide offshore

help

Provide Onsite help

Provide value add services


Guide through basic tutorial

We have our own tutorial guides

Basic guide is like the one in previous slides

Advanced guide provides details up to last stage of the activity


Provide offshore help

Email us

We provide dedicated email id for expressing interest in availing our services

List of Documents

On your expressing interest, we provide the list of documents required for filing Tax return

Discussion & Finalisation

We file your return and provide you Form V for signing and submitting it with CPC, Bangalore

Filing Based on Documents provided by you, in case of any need, we discuss the same, else finalise your Return


Provide Onsite Help

In case expression of interest is for Onsite help

We send our executive to the site

Discuss the case with you and finalise the return based on discussion


Provide Onsite Help

We prefer to conduct camp for Corporates where 10 or more employees expressed interest for availing our

Onsite services

Based on the emails received by us in last three days, we intimate all such people who expressed interest for

Onsite services as to whether or not we have 10 or more such cases for onsite services to enable us to

conduct the camp In case there are 10 or more cases, we request

someone out of the these 10 or more cases to help us with some space for Onsite camp

We intimate in advance for the date of Camp and documents one should carry during camp, collect all

details, discuss the case and finalise the Return

Based on data finalised with you, we file the Return and provide you an acknowledgement for the same

You sign the acknowledgement (Form V) and submit is with CPC, Bangalore

Onsite Help


Provide Value Add Services

Based on last year data we suggest ways and means for tax Planning and Optimisation

Within Tax Planning and Optimisation options adopted or intend to adopt, we suggest advantages and disadvantages of each of the options

In case you wish to avail any of the tax optimisation investment options, we help in making these investments


Our Fee

Offshore Help

• We charge just INR 200/- for a salaried person’s return filing based on Offshore support

Onsite Dedicated

• In case the count of people opting for Onsite help is less than 10, we provide dedicated Onsite help and charge INR 500/- for a salaried person’s return filing based on Dedicated Onsite support

Onsite Camp

• In case the count of people opting for Onsite help is 10 or more, we conduct Onsite camp and charge INR 250/- for a salaried person’s return filing based on Dedicated Onsite support through a Camp

Value Added Services are provided absolutely free as an add-on service


Interested


Interested

Email us with subject title – “Offshore Help” or “Dedicated Onsite Help” or “Onsite Camp Help” with your contact details and corporate you work with Email ID: [email protected]

You can also personally visit us in our office 404, 4th Floor, Devika Tower, Chander Nagar, Ghaziabad

0120 – 4264301 9810224301


This write up is intended to start academic discussion on few significant interpretations under Income Tax Act, 1961. It is not intended to be a professional advice and should not be relied upon for real time professional facts. Readers are advised to refer relevant provision of law before applying or accepting any of the point mentioned above. Author accepts no responsibility whatsoever and will not be liable for any losses, claims or damages which may arise because of the contents of this write up.

Disclaimer


Hope you fount it useful

Income Tax Return Filing

Documents

Transcript of Income Tax Return Filing