Below are frequently asked questions, you may find the answer for yourself.
An individual whose annual income is more than the basic exemption limit of Rs 2.5 lakh should file an ITR. The basic exemption limit for senior citizens (60 years onwards and less than 80 years) is Rs 3 lakh, and for super senior citizens is Rs 5 lakh.
You are required to file an income tax return once your annual income exceeds Rs 2.5 lakh. A deduction of TDS does not replace the requirement to file ITR. While e-filing your ITR, you should furnish the details of your annual income, claim deductions and credit for TDS deducted by your employer.
You can claim an income tax refund by e-filing your income tax return. An e-filing enables you to claim credit for excess TDS paid and a tax refund. You should file an income tax return to claim tax deductions for tax savings such as ELSS, PPF, NSC investments and for payments such as housing loan repayments, insurance premium and donations.
E-verification must be done within 30 days of filing. You can do this using Aadhaar OTP, net banking, or via pre-validated bank account. TaxBiz’s platform will notify you with step-by-step instructions to complete this process, ensuring your income tax e filing is valid and processed without delays.
TaxBiz focuses on fast processing, expert guidance, affordable pricing, and complete online support. Our professionals ensure accurate filings, timely compliance, and personalized assistance for every client.
Of course, you can take advantage of assisted tax filing services. TaxBiz provides services whereby experienced professionals in tax help you streamline the process of filing. They assist you by advising you on the information required and also take care of the complicated portions of filing. With TaxBiz, you are sure everything is put in place, from advising you on the required information to taking the complex part of filing. Think of having a knowledgeable friend whom you can reach out to at any time regarding your tax.
TaxBiz provides TaxBiz GST filing software for accurate GST filing, reconciliation and claiming ITC. TaxBiz GST facilitates the generation of e-invoices and e-way bill.
GST registration is mandatory for businesses that cross the prescribed turnover limit or sell products and services online. It provides legal recognition to your business and allows you to collect GST from customers while claiming input tax credit on purchases. With GST registration, businesses can expand operations across India without tax complications and improve credibility among clients and vendors. TaxBiz simplifies the entire GST registration process by handling documentation, application filing, and compliance support. Our experts ensure accurate registration and timely filing of GST returns to help businesses avoid penalties and maintain smooth operations.
Private Limited Company is commonly preferred because it provides limited liability, better credibility, and easier fundraising opportunities. A minimum of two directors and one registered office address are required for Private Limited Company registration in India. PAN card, Aadhaar card, address proof, photographs, email ID, mobile number, and office address proof are commonly required.
