income tax return filing services

Tax Consultants in Pune

Tax planning is an important part of Financial Planning for Individual, Local Businesses or Big Corporations. It’s an analysis to work out the best possible outcome for you to pay as less tax as possible which is known as Tax Efficient. Tax consultants in Pune Akshay Sane & Associates helps you to save your annual earnings by reducing your Tax liabilities with the help of utilising Tax deductions, exemptions, and benefits in the best possible way that are available as per the Government rules. Akshay Sane & Associates is your one stop solution for Tax Consultants in Pune and Income Tax Return Filing Services

It’s an essential practice for everyone to follow who falls under the Tax slab as per Indian rules and regulations
There are many types of Tax Planning such as Short-range Tax planning, Long-term Tax planning, Permissive Tax planning, Purposive Tax planning, our efficient Tax Consultants understands which type of tax planning will be the most suitable as per the situation of the client

Akshay Sane & Associates Chartered Accountant in Pune with it’s expert Tax consultants offer best Tax Planning, Advisory and Income Tax Return Filing Services in Pune, our team consists of the best advisors who always keeps themselves updated of the latest compliance in order to help our clients in the best way possible. We have always offered our best and high quality Tax services to our clients in order to maintain a long term relationship with them and this has made us one of the most preferred company when it comes to Tax Planning and Tax Consultants in Pune

There are always new changes happening in the Tax laws which people are generally not aware of and they end up making wrong decisions which can cost money and time both therefore we as Tax Consultants in Pune help them understand the factors which can help them save their money efficiently without wasting their extra time, we offer our Tax Planning services both online and offline to help customers in whichever way they are comfortable in and so Akshay Sane and Associates is considered as the best Income Tax Consultant in Pune.

Income Tax Returns

Every person who has taxable income in India during financial year has to file return of income in prescribed form within prescribed due date. The financial year is from 1st April to 31st March.

Due dates for filing income tax returns for FY 2020-21 are as follows:

Particulars

Due Date

Individuals, HUFs, Firm without tax audit

31st December, 2021

Individuals, HUFs, Firm with tax audit

15th February, 2021

Companies

 

Tax Audit

15th January, 2021

Tax Audit Applicability:

Particulars

Criteria

Business

Sales / Turnover or Gross Receipt exceeds INR. 1 Crore (INR. 10 crore if the cash receipts and payments do not exceed 5% of the total receipts and payments respectively)

Profession

Gross Receipts Exceeds INR 50 Lacs

Businesses covered under presumptive taxation u/s 44AD

If the Sales/Turnover or Gross Receipt is less than INR 2 Crore if such person is enrolled under the presumptive taxation scheme who claims that the profits of the business are lower than the profits calculated in accordance with the presumptive taxation scheme (presently this threshold limit is 8% profit on the sales / turnover or gross receipts) would be required to obtain a tax audit report.

Professions covered under presumptive taxation u/s 44ADA

Declaring the income at amount less than 50% of the gross receipts and whose income exceeds the basic exemption limit (which is Indian Rs 2.50 lacs at present) for relevant previous year but whose gross receipts are less than INR. 50 lacs.

 

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