It is a type of tax that is imposed on the profits and income earned during the year. As the term “income tax” suggests, it is a tax levied by the Central government on income generated by individuals and businesses in a particular financial year. With tax laws evolving dynamically, there is a continuous need to interpret the impact of tax incidence and mitigate/ leverage it accordingly.
An individual is required to file IT returns every year. The salaried employees, sole proprietors and partnership firms can avail e-filing facilities of their tax returns.
At RTA we ensure accurate filing of returns by providing following services:
After ensuring all tax compliances there are chances that revenue and appellate authorities may raise certain questions or queries on the returns filed by individuals. The same are dealt with by submitting accurate responses to the respective authorities. At times representations may be required in the following tax assessment cases: