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      Income Tax Return Registration @ ₹ 1,499/yr-*

      • Company Name Verification (if applicable)

      • Digital Signature Certificate (DSC) for Authorized Signatories

      • PAN Card Verification

      • Preparation and Filing of Income Tax Returns (ITR)

      • Computation of Tax Liability and Tax Payment Assistance

      • Filing of TDS Returns (if applicable)

      • Assistance with Income Tax Notices and Assessments

      • Maintenance of Company Master Data for Tax Records

      • Professional Guidance on Tax Compliance and Deductions

      • Includes Government & Professional Fees

      Note: Service charges may vary based on the state, including Punjab, Madhya Pradesh & Kerala, due to differing tax regulations.

      Required Documents for Income Tax Return Registration

      For All Tax Filers:

      • PAN Card

      • Aadhaar Card 

      • Bank Statement (1st April to 31st March)

      • Form-16 for Salary Employees

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      Income Tax Return Registration

      Need to file your Income Tax Return accurately and on time? Whether you are an individual, freelancer, or business owner, proper ITR filing is crucial — and you’re at the right place!
      At Mangalam Taxsavo Consultants Pvt. Ltd., we offer professional Income Tax Return (ITR) filing services with expert guidance to ensure compliance with the Income Tax Department’s regulations. Our Chartered Accountants assist with all types of ITR forms, deductions, and e-filing processes to maximize your tax benefits and avoid penalties.

      About Income Tax Return Registration

      An Income Tax Return (ITR) is a legal document filed with the Income Tax Department that declares your income, expenses, and taxes paid during a financial year. Filing an ITR is mandatory for individuals and businesses meeting specific income criteria under the Income Tax Act, 1961.

      Whether you are an individual, a partnership firm, a company, or any other entity, filing your ITR accurately ensures compliance with tax laws and helps you avoid penalties. Timely filing of ITR also facilitates easy access to loans, visas, and government benefits.

      For businesses and companies, filing ITR provides a transparent financial record required for audits, tax refunds, and other regulatory requirements.

      Characteristics of Income Tax Return Registration in India

      Taxpayers:
      All individuals, Hindu Undivided Families (HUFs), companies, firms, and other entities with taxable income must file Income Tax Returns.

      Filing Requirement:
      Mandatory for those whose income exceeds the basic exemption limit as per the Income Tax Act.

      Limited Liability:
      Proper filing helps maintain compliance, protecting individuals and companies from penalties and legal actions.

      Separate Legal Entity:
      Companies and firms file their own returns, distinct from their shareholders or partners’ personal tax filings.

      Perpetual Compliance:
      Income tax filing is an ongoing requirement every financial year, regardless of changes in ownership or management.

      Tax Payments and Refunds:
      Timely filing ensures payment of due taxes and facilitates claiming of refunds when excess tax is paid.

      Audit and Reporting:
      Certain taxpayers and companies must undergo tax audit and submit detailed financial disclosures to the Income Tax Department.

      Digital Signature Certificate (DSC):
      Required for companies and certain taxpayers to digitally sign and submit their tax returns electronically.

      Income Tax Notices:
      Filing accurate returns reduces the risk of income tax notices or scrutiny by tax authorities.

      Record Keeping:
      Taxpayers must maintain supporting documents for income, deductions, and payments for a specified period as per law.

      PAN Requirement:
      Permanent Account Number (PAN) is mandatory for filing returns and linking all financial transactions with the Income Tax Department.

      Requirements for Income Tax Return Registration

      Taxpayers

      • Individuals, HUFs, Companies, Firms, and Other Entities
        Required to file Income Tax Returns if their income exceeds the prescribed exemption limits under the Income Tax Act.

      Filing Deadline

      • Due dates vary based on the type of taxpayer and audit requirements (usually July 31 for individuals and September 30 for businesses with audit).

      Permanent Account Number (PAN)

      • Mandatory for filing returns and linking all financial transactions with the Income Tax Department.

      Documents Required

      • Income proofs (salary slips, rent receipts, bank statements, business accounts, etc.)

      • Investment proofs for claiming deductions

      • Form 16/16A (for salaried employees and contractors)

      • TDS certificates and challans for tax payments

      Digital Signature Certificate (DSC)

      • Required for companies, firms, and certain taxpayers to file returns electronically with digital authentication.

      Tax Audit and Certifications

      • Businesses exceeding specified turnover thresholds must undergo a tax audit by Chartered Accountants (CA).

      • Audit reports and certifications are mandatory for filing returns under certain sections.

      Filing Modes

      • Returns can be filed electronically through the Income Tax Department’s e-filing portal.

      • Physical filing is largely obsolete except in rare cases.

      Penalty for Non-Compliance

      • Late filing fees, interest on tax dues, and penalties for non-disclosure or inaccurate reporting.

      Record Keeping

      • Taxpayers must maintain all relevant financial records and documents for a minimum of 6 years from the end of the relevant assessment year.

      Professional Assistance

      • It is recommended to consult Chartered Accountants (CA) or Tax Professionals for accurate filing and compliance.

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      Advantages of Filing Income Tax Returns

      Compliance with Law
      Filing ITR is a legal obligation for individuals and entities with taxable income, ensuring adherence to the Income Tax Act and avoiding penalties.

      Proof of Income
      ITR serves as an official document to prove income for various purposes like loan applications, visa processing, and financial transactions.

      Claiming Refunds
      If excess tax has been paid or deducted, filing returns helps taxpayers claim refunds from the Income Tax Department.

      Carry Forward Losses
      Filing returns allows businesses and individuals to carry forward losses to subsequent years, offsetting taxable income and reducing tax liability.

      Loan and Credit Approvals
      Banks and financial institutions require ITR copies to assess the creditworthiness of borrowers for loans and credit cards.

      Avoiding Penalties and Legal Trouble
      Timely filing helps avoid fines, interest on unpaid taxes, and prosecution for non-compliance.

      Access to Government Benefits
      Many government subsidies, schemes, and tenders require proof of income through ITR filing.

      Faster Processing of Tax Matters
      Filing returns ensures quicker resolution of tax matters, refunds, and prevents unnecessary scrutiny or notices.

      Improved Financial Planning
      ITR filing encourages organized financial records, helping individuals and businesses manage their finances better.

      ⚠️ Key Considerations

      • Filing deadlines must be strictly followed to avoid penalties.

      • Accurate declaration of income and deductions is mandatory to prevent audits and notices.

      • Documentation and proof of income and deductions should be maintained for at least 6 years.

      • Professional assistance from Chartered Accountants or Tax Consultants is recommended for complex returns.

      • Electronic filing (e-filing) is the preferred and fastest method of submission.

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