Details

Filing of Income Tax Returns (ITR) is a statutory requirement under the Income Tax Act, 1961 for individuals and entities with taxable income. At R V K & Associates, we assist clients across various categories in preparing and filing their income tax returns accurately and in compliance with applicable laws. Our services cover salaried individuals, professionals, business entities, trusts, and non-residents.

Categories We Serve:

• Salaried and pensioners

• Freelancers and professionals

• Proprietorship firms

• Partnership firms and LLPs

• Companies (Private and Public)

• Charitable trusts and societies

• Non-resident individuals (NRIs) and foreign nationals

Our Income Tax Return Filing Services Include:

1. Return Preparation and Filing:

• Selection of appropriate ITR forms (ITR-1 to ITR-7) based on income type

• Preparation of return using books of accounts, bank statements, Form 16, TDS certificates, and other relevant documents

• Online filing of returns through the income tax portal

• Assistance with e-verification and acknowledgment

2. Computation of Taxable Income and Liability:

• Income computation under all heads (Salary, House Property, Business/Profession, Capital Gains, and Other Sources)

• Deduction calculations under Chapter VI-A (80C, 80D, 80G, etc.)

• Set-off and carry-forward of losses

• Advance tax and self-assessment tax computations

3. Support for Business Entities and Firms:

• Computation of profits and taxable income from books of accounts

• Adjustments for depreciation, disallowances, and provisions

• Tax audit-related coordination (if applicable under Section 44AB)

4. Filing for Special Entities:

• Trust returns with relevant schedules and Form 10B audit filing

• ITR for companies including MAT calculations, dividend details, and audit requirements

• Filing for NRIs with foreign income, DTAA, and capital gain disclosures

5. Post-Filing Support:

• Assistance in rectification or revised return filing

• Response to defective return notices or queries under Section 139(9)

• Support in refund tracking and grievance redressal

Compliance and Timelines:

• Adherence to due dates prescribed under the Income Tax Act

• Regular reminders for deadlines related to filing and tax payments

• Use of secure systems to protect taxpayer data and credentials