income tax return filing
TRANSCRIPT
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Value Added Professional Service LLP 404, 4th Floor, Devika Tower, Chander
Nagar, Ghaziabad (U.P.) 201011 Email: [email protected]
Phone: 0120-4264301, 9810224301
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Income tax return filing for Assessment Year 2015-16
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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
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Confused
What is the Last Date
Which Form to be used
Mode – Online / Manual
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Need Help
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Our Offering
We Offer
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Our Proposition
Understand your requirement
Fulfil it professionally
Offer additional value add services
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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
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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
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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
Everything from ITR 2 +
Share of profit of partner from Partnership firm
Everything from ITR 3 +
Income from Proprietary Business or Profession
Income from Business or Profession considered on presumptive basis
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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
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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
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Feeling Better Informed
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Here is what we do additionally
Guide through
basic tutorial
Provide offshore
help
Provide Onsite help
Provide value add services
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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
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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
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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
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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
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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
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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
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Interested
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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
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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
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Hope you fount it useful