WHY SHOULD YOU FILE INCOME TAX RETURN ?

Filing income tax returns is a legal obligation for all individuals and businesses in India. Failure to file returns can result in penalties and fines. Filing income tax returns is a way to demonstrate compliance with the tax laws of the country. It helps to prevent tax evasion and ensures that citizens are contributing their fair share to the development of the country.

INCOME TAX SERVICES

Greymans Advisors provides all types of income tax services available in the country.We help you to file your income tax returns in a convenient way.

TDS RETURN

TDS refers to the filing of a statement by a deductor to the Income Tax Department, providing details of tax deducted at source (TDS) from various payments made during a specified period. This statement includes information about the deductor, deductee, nature of payment, and the amount of TDS deducted. Filing TDS returns is a mandatory compliance measure to ensure transparency and accuracy in income tax collections.

INCOME TAX AUDIT

An income tax audit is a detailed examination of a taxpayer's financial records, accounts, and other relevant documents to verify the accuracy and completeness of their income tax return. This process is conducted by tax authorities to ensure that the taxpayer has reported income and deductions correctly, adhering to tax laws and regulations. Income tax audits can be initiated randomly or based on specific criteria, such as discrepancies in reported income or potential non-compliance.

INCOME TAX RETURN

An income tax return is a document that individuals and entities file with the tax authorities, providing information about their income, deductions, and tax liability. The return serves as a self-assessment tool, allowing taxpayers to report their financial activities to the government. In the context of individuals, it includes details of income from various sources such as salary, business, investments, and other earnings.

DOCUMENTS REQUIRED OF INCOME TAX RETURN

  • Aadhaar card, PAN card, and a photograph of the sole proprietor
  • Details of Bank account- Bank statement or a canceled cheque
  • Office address proof:
    1) Own office – Copy of electricity bill/water bill/landline bill/ property tax receipt/a copy of municipal khata.
    2) Rented office – Rent agreement and NOC (No objection certificate)
  • Aadhaar card, PAN card, Photograph of all partners.
  • Details of Bank such as a copy of canceled cheque or bank statement
  • Proof of address of Principal place of business and additional place of business :
    1) Own office – Copy of electricity bill/water bill/landline bill/ a copy of municipal Khata/property tax receipt
    2)Rented office – Rent agreement and NOC (No objection certificate) from the owner.
  • In case of LLP- Registration Certificate of the LLP, Copy of board resolution) from the owner
  • Company’s PAN card
  • Certificate of Registration
  • MOA (Memorandum of Association) /AOA (Articles of Association)
  • Aadhar card, PAN card, a photograph of all Directors
  • Details of Bank- bank statement or a canceled cheque
  • Proof of Address of Principal place of business and additional place of business:-
    1)Own office – Copy of electricity bill/water bill/landline bill/ a copy of municipal khata/ property tax receipt
    2)Rented office – Rent agreement and NOC (No objection certificate) from the owner.
  • Appointment Proof of authorized signatory- letter of authorization
  • A copy of PAN card of HUF
  • Aadhar card of Karta
  • Photograph
  • Proof of Address of Principal place of business and additional place of business:
    1)Own office – Copy of electricity bill/water bill/landline bill/ a copy of municipal khata/ property tax receipt
    2)Rented office – Rent agreement and NOC (No objection certificate) from the owner.
  • Details of Bank- bank statement or a copy of a canceled cheque
  • Pan Card of society/Club/Trust
  • Certificate of Registration
  • PAN Card and Photo of Promotor/ Partners
  • Details of Bank- a copy of canceled cheque or bank statement
  • Proof of Address of registered office :br> 1)Own office – Copy of electricity bill/water bill/landline bill/ a copy of municipal khata/ property tax receipt
    2)Rented office – Rent agreement and NOC (No objection certificate) from the owner.
  • Appointment Proof of authorized signatory- letter of authorization
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