Online filing of Income Tax Return

Online Reply of Income Tax Notices

Income Tax

Income tax in India is governed by the provisions of Income Tax Act, 1961, rules and regulations made there under and circulars as well notifications issued from time to time.It is a direct tax levied on annual income of every person. Financial year as starting from 1st April and ending on 31st March of next calendar year is consider from computing income tax in India.

The financial year period in which income is earned is called previous year and income earned during the previous year is charged in the next financial year known as assessment year.At present, we are in previous year 2018-19 and income earned during 1st April 2018 till 31st March 2019 will be charged to tax in the year 2019-20 which is the assessment year for previous year 2018-19.

In India income tax is applicable on every person whether natural or artificial. Person includes individual, Firms, LLPs, Companies, Hindu Undivided Family (HUF), Association of Persons (AoPs), Body of Individuals (BoIs), local authority, institutions or any other persons.

Residential status is an important criterion to determine income tax in India. A resident person is required to pay income tax on global income i.e. income earned anywhere in the world, though it gets some relief due to double tax avoidance agreement as signed and in effect. Even NRIs are required to pay tax on income, if it accrues or arises or deemed to be accrue or arises in India.

Broadly, income is charged under five heads, namely:

  • Salary
  • House Property
  • Business or Profession
  • Capital Gain
  • Other Sources

Income Tax Return

File ITR online within few minutes with ease. Avoid interest and penalty by adhering to due date.

Income Tax Notices

Reply to Income Tax Notices online by opting for e-assessment.

Income Tax for NRIs

NRIs can file ITR online in India and claim their refund.


Submit quarterly return of TDS and generate TDS certificate on time.

Compare Options

BasisPrivate Limited CompanyLimited Liability PartnershipOne Person CompanyPartnership FirmSole Proprietorship
Suitable ForStart-ups Professional firmsIndividual promotersFamily businessesSmall Businesses
Investors Attractive Less AttractiveNot preferableUnlikelyNo way
Limited Liability YesYesYesNoNo
Taxation BenefitsCertain benefits EfficientbenefitsLowestLowest
Constant Existence
Compliance ApplicabilityHighLowHighMinimalMinimal

Package & Pricing


1. What is financial year and assessment year?
2. What is previous year and assessment year?
3. What is Income Tax?
4. Where to register for income tax return filing?
error: Content is protected !!