Preparation of Income Tax Returns

Income tax is a tax imposed by the government on individuals and entities (such as businesses and organizations) based on their income or profits. It is a significant source of revenue for governments and is used to fund public services and infrastructure.​​​​​​​

Taxpayer Status: Individuals, HUFs, firms, companies, and other entities earning taxable income.
 

Income Level: Must have total income exceeding the basic exemption limit.
 

Residency Status: Must be a resident of India for tax purposes or have income sourced in India.
 

Document Availability: Must have all necessary documents, including Form 16, bank statements, and proof of deductions.
 

Compliance with Tax Laws: Must adhere to all relevant tax laws and regulations for accurate return preparation.

• Compliance: Ensures timely and accurate filing of tax returns.
   
• Maximization of Deductions: Helps in claiming all eligible deductions and credits.
   
• Avoidance of Penalties: Reduces the risk of penalties for incorrect or late filing.

• Gather Information: Collect financial documents and information required for the return.
   
• Prepare Return: Complete the tax return form with accurate details.
   
• Review: Check for accuracy and completeness.
   
• File Return: Submit the return to tax authorities.
   
• Confirmation: Obtain confirmation of receipt and acceptance.

• PAN Card: For identification.
   
• Form 16/16A: TDS certificates for salary or other income.
   
• Salary Slips: To verify income.
   
• Bank Statements: For interest income and transactions.
   
• Investment Proofs: Receipts for deductions (e.g., under sections 80C, 80D).
   
• Previous Year’s ITR: For reference.
   
• Capital Gains Documents: For asset sales.
   
• Other Income Documents: Proof of additional income sources.
   
• Tax Payment Receipts: Details of taxes paid.

• Preparation: Assist in compiling and preparing the income tax return.
   
• Review: Ensure accuracy and completeness of the return.
   
• Filing: Handle the submission of the return to tax authorities.
   
• Consultation: Provide advice on tax-saving opportunities and compliance.
   

By choosing SS Auditors for your income tax preparation, you can simplify the tax filing process, ensure compliance with the law, and make the most of your tax situation with expert assistance and personalized service.

The deadline for filing Income Tax Returns (ITR) in India is generally July 31st of the assessment year for individuals and non-audit cases. For businesses whose accounts are subject to audit, the deadline is September 30th of the assessment year.

 

Extensions may be granted by the government, but it’s important to file by the due date to avoid penalties.

 

If you miss the Income Tax Return (ITR) filing deadline in India, you can still file a belated return within the specified time frame, which is usually up to the end of the assessment year.

 

However, late fees may apply under Section 234F, depending on how late the filing is. It's advisable to file as soon as possible to minimize penalties and avoid complications.

Yes, you can file an amended return if you need to correct any errors or omissions.

Legal Disclaimer
 

The information on this website is provided for general informational purposes only. It does not constitute legal or professional advice. We do not guarantee the accuracy, timeliness, or completeness of the information provided. You should always seek the advice of a professional consultant or attorney regarding your specific situation. Use of this website is at your own risk and subject to our Terms of Use.
 

SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
 

​Cancellation & Refund Policy

 

S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:

• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
 

• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.

• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.

• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.

 

Legal Disclaimer
 

The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
 

Shipping Policy - The Basics
 

A Shipping Policy is a legally binding document that establishes the legal relations between you and your customers. It provides a framework for outlining your obligations and addressing various potential issues that may arise, and what happens in each case.
 

A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.