Income Tax

Popular Plans

The only thing that hurts more than paying an income tax is not having to pay an income tax.

-Thomas Dewar
 

Income tax returns are filed by individuals to disclose their income to the Tax Department. An incorrect disclosure can attract Penalties & tax notice. We have made the Income Tax EFiling, simple and easy. File your ITR online with the dedicated Tax Experts support from DTC Consultants. our experts will help you claim maximum tax benefits.

Plan A

Salary or House Rent Income 499

Covers income from
  • Salary
  • House Property
  • Withdrawal from PF & Bank Deposits
  • Donations

Plan B

Capital Gains Income 2499

Covers income from
  • Everything in Plan A
  • Capital Gains from sale of stocks, mutual funds & property
  • Gains from Lottery, Gaming or Awards

Plan C

Foreign Income 3599

Covers income from
  • Everything in Plan B
  • Income earned outside India
  • Income earned in India for NRE, NRO A/c
  • DTAA guidance

For Self Employed and Professionals

Plan A

For Stock Markets Traders 4999

Covers income from
  • Profit/loss from F&O or Intraday Trading
  • Preparation of Account Summary, P&L and balance sheet
  • Also covers salary, other incomes and capital gains
  • Audit fee and DSC not included

Plan B

For Professionals and Freelancers 2499

Covers income from
  • Income for professionals (like Freelancers, Doctors) & small businesses
  • Applicable Annual Turnover < Rs. 2 cr for businesses or Gross Receipt < Rs. 50 Lacs for Professionals
  • Also covers salary, other incomes and capital gains

Plan C

For Business Income 4999

Covers income from
  • Business income from business having upto 200 transactions
  • Preparation of Account Summary, P&L and balance sheet
  • Also covers salary, other incomes and capital gains
  • Audit Fee and DSC not included

Other Services

Plan A

Income tax notice 999

Services Covers
  • CA Review Of IT Notice
  • CA Assess Return
  • CA Respond To Notice
  • One Time Response

Plan B

Income Tax Notice 8999

Services Covers
  • CA Review Of IT Notice
  • CA Assess Return
  • CA Respond To Notice
  • Respond Till Issue Resolved

Plan C

Ask a DTC Expert 4999

Services Covers
  • Schedule a 30-minute phone call with DTC expert.
  • Includes advisory on Salary & other income, Capital Gains, Foreign assets & income tax notices.

All plans include

  • Dedicated CA & Account Manager for you
  • Your data reviewed and corrected by CA
  • Suggestion on best tax saving options
  • Post return filing support

INCOME TAX RETURN FILLING

If you have any income from any source earned in India, and that income is above basic exemption limit (Which is now Rs 2.5L per annum) then you need to file an annual income tax return online. That annual information submission is called Income Tax return filing.

Consequences of not filing Income tax return

If you have not filed return despite you are liable to file return, You can be charged to pay interest on due tax amount and also liable for Rs 10000 penalty. In case you have received a notice from Income Tax department then it has to be filed within the time line given then you can also face harsh penalty along with imprisonment.

Which income tax return should I select for e-filing?

Great question! There are Seven forms – ITR 1, 2, 3, 4, 5, 6 and 7 for each type of tax situation. Honestly, choosing the correct income tax form is a lot of work. Which is why if you are e filing with DTC Consultants, we automatically decide the correct income tax return form.

Under Reporting Income

If it is found that the actual income exceeds the income declared by the person. Or when no return has been filed despite income exceeding the basic exemption limit. Penalty at 50% of tax payable on such under-reported income shall be payable.

200% of the tax will get if under-reporting results from misreporting of income.

Which income tax return should I select for e-filing?

Great question! There are Seven forms – ITR 1, 2, 3, 4, 5, 6 and 7 for each type of tax situation. Honestly, choosing the correct income tax form is a lot of work. Which is why if you are e filing with DTC Consultants, we automatically decide the correct income tax return form.

Benefits of filing Income Tax Returns

1. Avoid Late fees under 234F

Avoid a maximum penalty of Rs 10,000, if your total income exceeds Rs 5 lakh.

2. Avoid Tax Notices

Taxpayers are often served notices from the IT department for delayed & missed return submissions.

3. Build Financial Documentation

Your Tax Return documents are proof of your financial investments and will be useful when you apply for a loan or a visa. Most embassies and consulates require you to submit IT returns for the last 3 years.  

 

DTC Consultants - Largest Tax Service Provider for individual & Business.