Taxation Services We Provide
Income Tax Filing
Start your Income tax Return preparation and filing with an easy to use interface where you just answer simple questions and our system does the rest.
Start your TDS and filing with an easy to use interface where you just answer simple questions and our system does the rest.
Start yourGST Return preparation and filing with an easy to use interface where you just answer simple questions and our system does the rest.
Sed at lacus vitae augue egestas pulvinar ultricies nec nisi. In aliquet velit sed eros facilisis, in tempus eros imperdiet. Aenean mollis urna aliquet orci placerat porttitor. Aenean tincidunt urna sed faucibus sodales. Donec sit amet eros eros. Duis volutpat arcu at efficitur molestie. Pellentesque gravida dolor risus, a sollicitudin arcu euismod sit amet.
Curabitur dapibus at felis quis interdum. Etiam at elementum ligula. Aliquam efficitur ante eget viverra molestie. Donec rutrum tellus a ex accumsan varius. Etiam aliquam libero et finibus finibus. Cras vel nunc eget metus fringilla consectetur. Aenean sed lacinia turpis. Nullam porttitor lobortis mauris at blandit. Quisque aliquam diam felis, at fermentum metus dignissim in. Mauris sagittis dolor sed venenatis scelerisque.
Get your Tax refunds with appropriate heads
Frequently Asked Questions
What is an income tax return?
An income tax return is a form where taxpayers declare their taxable income, deductions, and tax payments. This procedure of filing income tax returns is referred to as income tax filing. While filing the actuals, the total amount that should go to the government as income tax is calculated. If you’ve paid more tax than needed for the financial year, you’ll be refunded by the income tax department. Sometimes, you may also see that you have underpaid taxes for the year. In such cases, you must pay the remainder of the tax, and file your income tax returns.
Income tax return form ranges from ITR 1 to ITR 7, used for different types of income. Some income tax return forms are longer than the others, and they may need additional disclosures such balance sheet and a profit and loss statement information.
Why do you have to file income tax returns?
Irrespective of whether you live in India currently or not, filing an income tax return is compulsory if your total Indian income exceeds Rs.2,50,000.
Even if you don’t meet the Rs.2,50,000 threshold, it’s a good practice to file or e-file your income tax return. An income tax return is an important document that you must produce at the time of availing a home loan, as it reflects your financial prosperity. An income tax return—as a proof of income—shows your capacity to repay a loan.
If you are planning to go abroad for higher studies, or are about to take up a job outside of India, you’ll need at least three years’ filed income tax returns to show as proof of income. People processing your visa application may request for this financial information to evaluate your financial health, which in return shows that you can support yourself on your own in their country.
How can you file an income tax return in India?
You can file your income tax returns online, either on the income tax department’s website or with us on www.insuranceanil.com
What are the details you need when you're e-filing your income tax returns?
– You’ll need to produce basic information such as PAN, Aadhar card number, and current address.
– Details about all the bank accounts you’ve held in the given financial year. This is a mandatory disclosure you must make for e filing your income tax returns.
– Details about your income from salary, fixed deposits, savings bank account, etc.
– Information of all the deductions you’ve claimed under Section 80.
– You’ll also need to produce tax payment information such as TDS and advance tax payments.