Indian Income tax Indian Income-tax by ANGlobal
Income tax in India is a tax paid by individuals or entities depending on the level of earnings or gains during a financial year. The earnings may be both actual and notional. The Government of India decides the rate of income tax as well as income tax slabs on which individuals are taxed. Those under higher income slabs are taxed at higher rates. The taxable income slabs are changed from time to time, keeping in mind the price levels. Sometimes, the government also provides income tax rebates, which benefit people in the lower-income group. To collect long-term funds, the government also provides income tax incentives. The amount invested in tax-saving schemes is deducted from gross income, which reduces the amount of taxable income and benefits the taxpayer.
A Full List of Services we Include are Below:
PAN
Application, correction or surrender of PAN.
Tax Planning
Advising on planning and tax saving options of capital gain tax on sale of house property.
Return filing
Preparation of Computation of income, tax planning, tax payment and filing return of income and claiming refund.
Assessment
- Preparation and presentation before income tax officer for summary assessment, scrutiny assessment, limited assessment and penalty proceedings.
- Preparation and presentation before income tax authority for stay of demand
Repatriation of fund
Filing of form 15CA/CB for repatriation of funds out of India.
Other Compliance
Linking of Aadhar with PAN, pre validation of Bank account and e-verification of online forms.
Tax Deducted at Source
Advising on applicability of Tax deduction at source(TDS), payment and filing of TDS statements.
Response to notices
Response to notices received from income tax department pre/post filing of return of income i.e. compliance for non filing of return, intimation for defective return, adjustment of refund against old outstanding demands, etc.
Appeals
Preparation and filing of appeal against order of income tax authority before Commissioner of Income tax(Appeal).
Refunds
Tracking of refund and request for re-issue of refund.
