Income Tax Services

At TaxbyAkram, we specialize in making Income Tax Return (ITR) filing simple, accurate, and stress-free. Our team of experts ensures that your ITR filing is done seamlessly, complying with all legal requirements. Whether you are a salaried individual, self-employed, or a business owner, we've got you covered for all types of ITR filings: ITR-1, ITR-2, ITR-3, and ITR-4.

Understanding the Different ITR Forms

1. ITR-1 (Sahaj)
   • For individuals with income from:
   • Salary or pension.
   • One house property.
   • Other sources (e.g., interest income).
   • Total income should not exceed ₹50 lakh.
2. ITR-2
   • For individuals and Hindu Undivided Families (HUFs) with income from:
   • Salary or pension.
   • Multiple house properties.
   • Capital gains.
   • Other sources (e.g., interest, dividends).
   • Applicable if total income exceeds ₹50 lakh or if there is no business income.
3. ITR-3
   • For individuals and HUFs with income from:
   • Business or profession.
   • Any other sources, including salary, house property, and capital gains.
4. ITR-4 (Sugam)
   • For individuals, HUFs, and firms (other than LLPs) opting for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE:
   • Total income should not exceed ₹50 lakh.

Documents Required for ITR Filing

To ensure smooth and accurate filing, you’ll need the following documents:

1. Personal Information:
   • PAN Card.
   • Aadhaar Card.
   • Bank account details (including IFSC code).
2. Income Proof:
   • Salary slips or Form 16 for salaried individuals.
   • Bank statements showing interest earned.
   • Income from capital gains (if applicable).
3. Investment Proof:
   • Documents related to tax-saving investments (e.g., PPF, ELSS, LIC premiums).
   • Proof of housing loan principal repayment.
4. Tax Deduction Documents:
   • TDS certificates.
   • Form 26AS (Tax Credit Statement).
5. Additional Documents for Specific Cases:
   • Business income: Profit and loss statements, balance sheet, and GST details.
   • Rental income: Rent receipts and ownership documents.
   • Capital gains: Purchase and sale details of assets.

Our Services

At TaxbyAkram, we offer a seamless, end-to-end solution for filing your Income Tax Returns:

1. Customized Filing Assistance: Whether you need ITR-1, ITR-2, ITR-3, or ITR-4, we determine the right form for you based on your income sources.
2. Document Management: We collect, organize, and verify all required documents to avoid errors and ensure compliance.
3. Expert Advice: Our tax professionals optimize deductions and exemptions to reduce your tax liability.
4. Accurate Filing: We prepare and file your return with precision to avoid notices or penalties.
5. Post-Filing Support: We provide assistance with refunds, assessments, or any queries from the Income Tax Department.

Income Tax Services

At TaxbyAkram, we specialize in making Income Tax Return (ITR) filing simple, accurate, and stress-free. Our team of experts ensures that your ITR filing is done seamlessly, complying with all legal requirements. Whether you are a salaried individual, self-employed, or a business owner, we ve got you covered for all types of ITR filings: ITR-1, ITR-2, ITR-3, and ITR-4.

Understanding the Different ITR Forms

1. ITR-1 (Sahaj)
   • For individuals with income from:
   • Salary or pension.
   • One house property.
   • Other sources (e.g., interest income).
   • Total income should not exceed ₹50 lakh.
2. ITR-2
   • For individuals and Hindu Undivided Families (HUFs) with income from:
   • Salary or pension.
   • Multiple house properties.
   • Capital gains.
   • Other sources (e.g., interest, dividends).
   • Applicable if total income exceeds ₹50 lakh or if there is no business income.
3. ITR-3
   • For individuals and HUFs with income from:
   • Business or profession.
   • Any other sources, including salary, house property, and capital gains.
4. ITR-4 (Sugam)
   • For individuals, HUFs, and firms (other than LLPs) opting for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE:
   • Total income should not exceed ₹50 lakh.

Documents Required for ITR Filing

To ensure smooth and accurate filing, you’ll need the following documents:

1. Personal Information:
   • PAN Card.
   • Aadhaar Card.
   • Bank account details (including IFSC code).
2. Income Proof:
   • Salary slips or Form 16 for salaried individuals.
   • Bank statements showing interest earned.
   • Income from capital gains (if applicable).
3. Investment Proof:
   • Documents related to tax-saving investments (e.g., PPF, ELSS, LIC premiums).
   • Proof of housing loan principal repayment.
4. Tax Deduction Documents:
   • TDS certificates.
   • Form 26AS (Tax Credit Statement).
5. Additional Documents for Specific Cases:
   • Business income: Profit and loss statements, balance sheet, and GST details.
   • Rental income: Rent receipts and ownership documents.
   • Capital gains: Purchase and sale details of assets.

Our Services

At TaxbyAkram, we offer a seamless, end-to-end solution for filing your Income Tax Returns:

1. Customized Filing Assistance: Whether you need ITR-1, ITR-2, ITR-3, or ITR-4, we determine the right form for you based on your income sources.
2. Document Management: We collect, organize, and verify all required documents to avoid errors and ensure compliance.
3. Expert Advice: Our tax professionals optimize deductions and exemptions to reduce your tax liability.
4. Accurate Filing: We prepare and file your return with precision to avoid notices or penalties.
5. Post-Filing Support: We provide assistance with refunds, assessments, or any queries from the Income Tax Department.

GST Services

GST Registration is a pivotal process for businesses operating in India, mandated under the Goods and Services Tax (GST) Act. It is a legal obligation for entities whose annual turnover exceeds the prescribed threshold. By obtaining GST registration, businesses ensure compliance with taxation laws, enabling them to collect GST from customers and remit it to the government. This not only fosters transparency but also streamlines tax administration across the country.

Who Needs GST Registration?

GST registration is essential for various categories of businesses and individuals. These include:

1. Businesses Dealing in Goods: Entities with an annual turnover exceeding ₹40 lakh are required to register under GST. For businesses in special category states, the threshold is ₹20 lakh.
2. Service Providers: Businesses offering services must register if their annual turnover exceeds ₹20 lakh (₹10 lakh for special category states).
3. Interstate Suppliers: Individuals or entities supplying goods or services across state boundaries must obtain GST registration.
4. E-commerce Operators: Platforms facilitating online sales, as well as aggregators, are obligated to register.
5. Casual Taxable Persons and Non-Resident Taxable Persons: These include temporary businesses and foreign entities operating in India.
6. Businesses under Reverse Charge Mechanism: Entities responsible for paying GST on behalf of their suppliers must also register.

Benefits of GST Registration

Registering under GST offers several advantages:

1. Legal Recognition: It provides a business with formal recognition, enhancing its credibility and trustworthiness.
2. Input Tax Credit (ITC): Registered entities can claim ITC on taxes paid for inputs, reducing their overall tax liability.
3. Business Expansion: GST registration facilitates seamless business operations across state borders, promoting growth opportunities.

Documents Required for GST Registration

Obtaining GST registration requires the submission of specific documents, categorized as follows:

1. Business Details:
   • PAN card of the business or proprietor.
   • Proof of business registration, such as a Certificate of Incorporation or Partnership Deed.
2. Identity and Address Proof:
   • Aadhaar card and passport-sized photographs of the proprietor, partners, or directors.
   • Address proof of the business location, such as a rent agreement or utility bill.
3. Bank Details:
   • A canceled cheque or the first page of the bank statement/passbook.
4. Digital Signature:
   • A Class 2 or Class 3 Digital Signature Certificate (DSC) for companies and Limited Liability Partnerships (LLPs).
5. Additional Documents (If Applicable):
   • A Letter of Authorization for authorized representatives.
   • A Letter of Undertaking (LUT) or Bond for exporters.

Our Services

At TaxbyAkram, we take the hassle out of the GST registration process, allowing you to focus on growing your business. Our expert team handles every aspect of the registration process efficiently, ensuring compliance with all legal requirements.

Here's How We Help You:

1. Comprehensive Guidance: We provide step-by-step assistance to ensure your GST registration is seamless.
2. Document Preparation: From verifying your PAN and Aadhaar details to preparing necessary documents like business registration proofs and bank statements, we handle it all.
3. Application Submission: Our experts ensure your application is accurately filled and promptly submitted to avoid delays.
4. Quick Approvals: With our thorough process, we expedite approvals so you can start benefiting from GST registration sooner.
5. Post-Registration Support: We don’t stop at registration. We also assist you in understanding GST compliance, filing returns, and leveraging Input Tax Credit (ITC).

Why Choose TaxbyAkram?

• Experienced professionals with a deep understanding of GST laws.
• End-to-end support for a stress-free experience.
• Affordable pricing for hassle-free GST registration.

TaxbyAkram simplifies GST registration for you. Reach out to us today, and we’ll ensure you’re GST-ready in no time!