Tax filing made easy for Businesses & Freelancers

Once your purchase a tax filing plan, you will receive an email requesting documents to help us with your return. We will assign you a tax expert. You need to login to your ClearTax Account and upload the required documents. You can login in and access your orders from here. The CA will contact you and discuss your case before preparing the return.

A document checklist will be emailed to you after you’ve purchased a plan. You can upload them on our 128-bit SSL encrypted document vault on your ClearTax Account. You can access your orders from here

Presumptive Taxation involves the use of indirect methods to compute tax liability where the taxable income is calculated based on assumptions instead of actuals. Here, the business entity is required to declare a given percentage of its business turnover (or gross receipts in case of professionals) as its income and pay a fixed percentage of it as tax. As per Finance Act 2016, professionals (as notified by CBDT) with gross receipts upto Rs. 50 Lakhs for the period April 1st, 2016 to March 31st 2017 can opt for presumptive taxation.

So Far, people from below professions are eligible to file returns under Presumptive Taxation provided they have Gross Receipts upto Rs. 50 Lakhs in the period from April 1st, 2016 to March 31st, 2017

• Legal
• Medical
• Engineering
• Architecture
• Accountancy
• Technical Consultancy
• Information Technology Professionals
• Interior Decoration
• Artists
• Company Secretary

Businesses eligible under presumptive tax have the benefit of not maintaining any books of account. However, they are mandated to keep books of account if the income disclosed is less than 8% of gross receipts and the total income exceeds Rs. 250,000 OR the annual turnover exceeds Rs. 2 crores in FY16-17.

Professionals need to maintain books of account if the income disclosed is less than 50% of gross receipts and the total income exceeds Rs. 250,000 OR the turnover exceeds Rs. 50 Lakhs.

Congrats on your new job. Since you have freelanced in 2016, you need to declare this under business income and file a business income tax returns. If you are eligible for presumptive tax, you can opt for our presumptive tax plan. You may use our plan selector to determine the right plan for yourself and make the purchase. In this plan, a CA will consolidate your income from all your sources (freelancing & salaried) and prepare your tax return. If there are any tax exemptions you’ve missed out, a CA will help you claim it in the tax return.

If you are a day trader and trade in future and derivatives and/or have loss to carry forward, you need to opt for our Traders Income Tax Plan. But do remember that the tax return must be submitted by the due date (July 31st, 2017) to carry forward the losses on to the next year.

Yes, we will prepare your books of accounts provided you have 100 or fewer transactions. If you have more than 100 transactions, we charge Rs. 10 per transaction. If you have more transactions to report and required detailed financial statements, we have specialized accounting package that you can opt for.

No, none of these plans include the fee for getting your books audited. These are chargeable separately. We’ll get you connected with a partner CA in our network who’ll audit your books.

We only support tax filing for the period starting from April 1, 2015. For filing for the prior period, you will need to speak to the concerned Assessing Officer

Section 194J of the Income Tax Act lays out that TDS is to be deducted at 10% on any amount paid for professional or technical services.

Yes, certainly. The advantage with taking a higher plan would be that a CA will review all the bank statements and do a thorough expense categorization for you. This will definitely help lower taxes for you. Scroll up to see all the features included in your plan.

Yes, you can deduct this expense from your Business Income in your income return

In case tax audit is applicable the due date is 30th September otherwise it is 31st July.

The assessment of income of an year can be made only after year has passed, advance tax is pre payment of your tax liability in the year it is earned. If the tax liability is more than Rs 10,000 in a financial year then advance tax needs to be paid by assessee. The due dates are

• 15th June(15%)
• 15th September(45%)
• 15th December (75%)
• 15th March (100%)

The key difference between Business Tier-1 and Business Tier-2 Plans is that under Tier-1 plans, you need to provide the financial statements to our expert to file the returns while under Tier-2 Plan, the CA will prepare your financial statements based on documents and invoices shared by you. Under Tier-2, we also offer help you advance tax based on the due date. Note that the plans do not cover any tax dues.

For more information, please go through the service offering for Business Tier-1 and Business Tier-2

The plan is designed to help businesses and professionals opting for presumptive taxation scheme or small taxpayers earning casual income like tuition income, interest income etc. ClearTax experts shall help you assess your tax liability and file your income return with CA-Assistance.

For more information, please go through the details for Presumptive Tax Returns

All major debit and credit cards accepted. You can also do an NEFT transfer to our account.

Once you upload the required documents, we will assign you a CA. The CA should normally contact you on the same day when you share the documents.

When you are seriously pressed for time and don’t want to do it yourself. When you need help getting a tax benefit that you’re not sure how to avail.

No sweat. You can use our plan selector to determine the right plan for your spouse or friend and recommend them to purchase the same. Alternatively, you can pay on their behalf.