Income Tax Slabs:- Is it mandatory to file ITR for those whose annual income is below Rs. 5 Lakh ?
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KRD Associates LLP. is a firm in Nashik since year 2019. We operate in an extremely professional environment and commit ourselves to the highest standards of technical knowledge in the areas of, Income Tax , Goods and Services Tax, Companies Act, Foreign Exchange Laws and much more.
We are a one stop shop - covering all aspects of operations - accounting, tax filings, Compliance activities, Company Annual filings, etc for all types of Assessee.
We at KRD Associates LLP. provide many services like Accounting, Income Tax Advisory, Goods and Service Tax, Company Formation services in India. Over the years, we have gained in-depth experience in providing multitude of services, ranging from accounting, tax planning to a incorporating a public and private limited companies & Limited liability partnerships.
Without Registration, the user cannot e-File the Income Tax Return. Also, additional services like Viewing 26AS Statement, status of Income Tax Return, File Rectification, Refund re-issue request, etc cannot be availed. Registration needs to be done only once.
To claim the excess paid tax, the assessee has to file Income Tax Return, irrespective of the fact whether the income is taxable or not. The amount of refund will be remitted to the assessee to the bank account as mentioned in the ITR after the processing of the return.
Excel/Java Utility in e-filing website is free for use and error free which complies to the schema and the other validation rules prescribed by ITD. While users are also free to use any other utility created by other software providers, as long as the XML conforms to the XML Schema which has been provided in the e-Filing website.
Income Tax Slabs:- Is it mandatory to file ITR for those whose annual income is below Rs. 5 Lakh ?
With the Rajya Sabha passing all the four GST bills in the parliament a week back, the nation’s biggest and revolutionary tax regime GST (Goods and Services Tax) is all set to become a reality soon. Boasted as the most subversive tax reform in the country after independence, GST is expected to curb transactional costs by introducing a unified tax system stirring economic growth in the long run.
The decisively re-elected Government’s first Union Budget saw the triumph of stern, but pragmatic approach to tackle the impeding fiscal challenges over populist appeasement of stakeholders.