₹ 6,500
₹ 8,125 (20% OFF)
About This Plan
Reporting business income during return filing is critical to avoid any tax non-compliance. At end of year businesses struggle to get their accounts in order. This premium ITR filing plan is designed to provide you professional help in preparing financial statements and filing business ITR.
Further, our experts will assist you with payment of advance taxes and guide you on critical business finance planning to help maximise tax saving.
Services Covered
- Account Summary - P&L and Balance Sheet (up to 250 entries per year)
- Advance Tax Payment (4 nos.)
- Expert Assisted Tax Filing for business and professionals
- Tax Savings & Planning Advice
- Documented follow up
- Excludes the Tax audit Fees
Who Should Buy
- Any business entity required to maintain books of accounts
- Small Businesses and Professionals requiring books of account
- Small businesses requiring Tax Audit including Derivative & intraday traders ClearTax Experts help you file your return using our proprietary ClearTax product.
How It's Done
- Purchase of plan
- Upload documents
- Financial Statements Preparation
- Review computation sheet
- Return filed & acknowledgement generated
10 days estimate
Information Guide
Documents To Be Submitted
- Bank statements for the financial year
- Income and Expense statements
- Auditor reports
- Bank statement if interest received is above Rs. 10,000/-
FAQs
- What is the due date to file business returns?
In case tax audit is applicable the due date is 30th September otherwise it is 31st July.
- I am running a business. I wish to know what is advance tax and when do i need to pay it?
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.
- Can I file a revised return to correct a mistake in original return filed?
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.
- Am I required to keep a copy of the return filed as proof and for how long?
Yes, under the Income-tax Act legal proceedings can be initiated up to 4 to 6 years (depending upon case to case) prior to the current financial year. However, in certain cases 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.
- Are Audit and Financial statements preparation covered in the plan?
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. However on request ClearTax team can assist with appointing a qualified Chartered Accountant eligible for providing audit services.
Reviews
Reviews
- About This Plan
Reporting business income during return filing is critical to avoid any tax non-compliance. At end of year businesses struggle to get their accounts in order. This premium ITR filing plan is designed to provide you professional help in preparing financial statements and filing business ITR.
Further, our experts will assist you with payment of advance taxes and guide you on critical business finance planning to help maximise tax saving.
Services Covered
- Account Summary - P&L and Balance Sheet (up to 250 entries per year)
- Advance Tax Payment (4 nos.)
- Expert Assisted Tax Filing for business and professionals
- Tax Savings & Planning Advice
- Documented follow up
- Excludes the Tax audit Fees
Who Should Buy
- Any business entity required to maintain books of accounts
- Small Businesses and Professionals requiring books of account
- Small businesses requiring Tax Audit including Derivative & intraday traders ClearTax Experts help you file your return using our proprietary ClearTax product.
- How It's Done
- Purchase of plan
- Upload documents
- Financial Statements Preparation
- Review computation sheet
- Return filed & acknowledgement generated
10 days estimate - Information Guide
Documents To Be Submitted
- Bank statements for the financial year
- Income and Expense statements
- Auditor reports
- Bank statement if interest received is above Rs. 10,000/-
- FAQs
- What is the due date to file business returns?
In case tax audit is applicable the due date is 30th September otherwise it is 31st July.
- I am running a business. I wish to know what is advance tax and when do i need to pay it?
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.
- Can I file a revised return to correct a mistake in original return filed?
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.
- Am I required to keep a copy of the return filed as proof and for how long?
Yes, under the Income-tax Act legal proceedings can be initiated up to 4 to 6 years (depending upon case to case) prior to the current financial year. However, in certain cases 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.
- Are Audit and Financial statements preparation covered in the plan?
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. However on request ClearTax team can assist with appointing a qualified Chartered Accountant eligible for providing audit services.
- Reviews
Reviews