Income Tax Return Filing

Confused about filing your ITR? Let the experts at AVC assist and do it for you. We are proud to offer a credible Income Tax Return Filing Service as part of our Direct Tax Service. Our Income Tax Return Filing Service is highly praised by our clients for the ease and efficiency with which we offer them. Other details of the service are listed below:

Indian Income Tax Act has categorized the assesses as mentioned below:

An assessee can be any individual who has the liability to pay taxes to the government for the income earned during an assessment year. Every individual who paid tax in the previous years is considered as an Assessee under the IT Act, 1961.

• Individuals
• Hindu Undivided Family
• Company
• Association of Persons
• Firms
• Co-operative Societies

The financial year is considered from April 01- March 31st and the Income-tax rates may vary for each assessee.

The Indian revenue authorities follow a residence-based taxation system for each category. Broadly, the taxpayers are classified as residents or non-residents. Individual taxpayers may also be classified as ‘residents but not ordinary residents’.

However, ”Domestic company” refers to a company that is registered under the Companies Act, 1956 and is liable to pay income tax to the government against the income generated during the fiscal year. And a foreign company is controlled and managed outside India.

Heads of Income:

The income of the assesses is divided into the following categories:

• Capital gains
• Salaries
• Income from house property
• Profits and gains from business or profession
• Income from other sources
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Tax Services at AVC

We offer the following tax services:

• Corporate Taxation Consultancy
• Individual Taxation Consultancy
• NGO Taxation Consultancy
• Interaction with Revenue authorities on behalf of our client
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