Income Tax Return Filing

Overview of Income Tax Return Filing

Ezi Tax provides easy, transparent and best IT return filing services with various tax planning options. We ensure that there is smooth and accurate filing of tax returns with advice from the best tax professionals. We aim to provide periodical updates, reminders on various statutory compliances to be followed and quick service.

Every assessee having taxable income should file an Income Tax return in the forms as prescribed by the Income Tax Act. The year in which the Income is earned is called the ‘Previous year” and the year in which the income is assessed is called as “Assessment year”. Every person within the stipulated due date should prepare computation of taxable income and pay the taxes and file the return, otherwise interest/penalty becomes payable.

The advance tax payment and TDS return filing or TDS e-filing is another aspect of income tax filing. If an individual, entity, or company anticipates to earn higher profits than the previous year, they must pay taxes in advance. When filing tax returns, the advance tax is also examined, and if the tax paid is in excess, the government will reimburse the amount associated with your IT returns.

Filing of Income Tax return facilitates in easy loan approval, quick visa processing, claim of tax refund, Income and address proof, avoiding payment of late fees, interest and penalty and avoidance of tax notices.

Who should File Income Tax Return ?