Business Owners & Professionals Plan (Live Filing)

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%)

Under this plan ClearTax experts will help you access your advance tax liability and assist you in its timely payment.

Yes, return can be revised within a period of one year from the end of the relevant assessment year or before completion of the assessment whichever is earlier. Filing of revised return is not part of the plan. Plan buyer is required to provide full and accurate details to avoid the need for any rectification in the originally filed return.

Yes, under the Income-tax Act legal proceedings can be initiated up to 4 to 6 years (depending upon case to Expert'se) prior to the current financial year.
However, in certain Expert'ses the proceedings can be initiated even after 6 years, hence, it is advised to preserve the copy of return for at least 6 years or maintain it as long as possible.

Prior to return filing, a summary consolidating all financial transactions is prepared. Day to day bookkeeping and audit does not form part of the plan.

Please note that when a taxpayer files their returns on Cleartax post deadline, the penalty, which can be up to Rs.5,000, has to be borne by the taxpayer. Cleartax will not be responsible for the penalty that you are liable to pay to ITD.

Please note that when a taxpayer files their belated returns on Cleartax, the penalty, which can be up to Rs.5,000, has to be borne by the taxpayer. Cleartax will not be responsible for the penalty that you are liable to pay to ITD.