Income tax filing and audit are essential financial obligations for businesses and individuals. Proper tax compliance ensures legal adherence and helps avoid penalties.
Avoid penalties and legal issues
Better tax planning and savings
Maintain proper financial records
Essential for business expansion
For salaried professionals and individuals
For companies and business entities
Mandatory for certain businesses
Gather all required documents and forms
Calculate total income and deductions
Prepare and verify tax return
File return and complete verification
| Requirement | Details |
|---|---|
| Filing Deadline | July 31st for individuals |
| Audit Threshold | ₹2 Crore for businesses |
| Digital Signatures | Required for e-filing |
| Record Keeping | Maintain records for 6 years |
