ITR Filing Consultant in Visakhapatnam
Are you searching for an ITR filing consultant in Visakhapatnam? We are a Visakhapatnam-based team of Chartered Accountants (CAs) and tax consultants offering income tax return filing services. Get hassle-free ITR filing service instantly. Our Visakhapatnam consultancy team will prepare a draft ITR and computation of income (COI) based on your documents, AIS, TIS, and 26AS. Once you approve, we will file the online income tax return for you. Additionally, our team will provide tax-saving suggestions to guide you.
Looking For ITR Filing Consultant/CA in Visakhapatnam?
Income Tax Return Filing Consultation in Visakhapatnam
Are you seeking expert assistance for Income Tax Return filing in Visakhapatnam? As Visakhapatnam witnesses a continual rise in Income Tax Returns and taxpayers each year, it has become a vital task for individuals and businesses alike in this thriving city.
In Visakhapatnam, there are five main types of taxpayers, including salaried individuals, small business units, large corporations, stock market participants, and F&O traders. Additionally, individuals working in Visakhapatnam earn income from both government and private sector jobs.
Recognizing the diverse nature of taxpayers in Visakhapatnam, our team comprises professional Chartered Accountants (CAs) and Tax Lawyers with extensive experience in Income Tax Filing. We serve as a one-stop solution for Income Tax Services, offering comprehensive ITR filing and tax planning tailored specifically for Visakhapatnam-based taxpayers.
With our expertise, we aim to simplify the Income Tax filing process for individuals and entities in Visakhapatnam, ensuring compliance and providing valuable tax-saving suggestions. Trust our team as your dedicated ITR Filing Consultant in Visakhapatnam and rely on our Income Tax Return Filing Consultation in Visakhapatnam for seamless tax solutions.
Quick and Easy ITR Filing in Visakhapatnam
Inquire and connect with our specialized tax expert in Visakhapatnam. Send us your documents for ITR filing
Our Visakhapatnam team will create a preliminary Income Tax Return, compute income, and calculate taxes based on the provided information.
Our Chartered Accountant specializing in Visakhapatnam ITR will review the preliminary ITR and COI. We will then share the final draft with you based on their recommendations.
After finalization, we will submit the ITR for Visakhapatnam clients. Additionally, we will provide CA-certified ITR and COI with doorstep delivery in Visakhapatnam.
Amount for Income Tax Return Filing Help in Visakhapatnam
Charges for ITR Filing Consultant in Visakhapatnam
- Salary Return (Individual with job in Visakhapatnam): Rs. 1000
- Shares & Capital Gain Return: Rs. 2500
- Visakhapatnam Small Business ITR: Rs. 2000
- Partnership Firm / LLP of Visakhapatnam Location ITR: Rs. 3000
- Company ITR: Rs. 3000
- Trust ITR: Rs. 5000
- CA – Tax Audit for Visakhapatnam Client (if Required): Starting from Rs. 10,000/-
Requisite Papers for Income Tax Registration in Visakhapatnam
When opting for Income Tax Return Filing in Visakhapatnam, the required documents depend on your occupation:
- Salaried Person: Form 16
- Small Business: Bank Statement
- Capital Gain: Bank Statement, Other Income Details, and Property Sale Details
- F&O Turnover or Share Trading: Bank Statement, F&O Profit and Loss Account, Capital Gain Tax Report
- Medium to Large Business: Books of Account, GST Turnover, Sales and Purchase Records, etc.
- Deduction 80C and Investment Details for Tax Purpose
Additionally, PAN, Aadhar Card, and Bank Details are required if filing ITR for the first time.
For the complete list of documents required for ITR filing, click here.
Diverse ITRs for Tax Reporting in Visakhapatnam : Individuals, Businesses, Corporations
Let’s explore ITR forms for citizens, companies, and firms registered at addresses in Visakhapatnam:
ITR-1: Suitable for individuals with salary and interest income in Visakhapatnam (up to 50 lakhs).
ITR-2: For income from Capital Gain/Loss on Visakhapatnam property, investments in shares and mutual funds, agriculture income, etc., of individuals or HUFs. Individuals with business and profession income cannot file ITR 2.
ITR-3: Suitable for business and professional income of Visakhapatnam businessmen.
ITR-4: For Visakhapatnam-based businesses opting for presumptive taxation (lumpsum).
ITR-5: Applicable for partnership firms and LLPs in Visakhapatnam.
ITR-6: Applicable for companies registered in Visakhapatnam (Pvt Ltd, Limited, Section 8, etc).
Income Tax Filing Advisory for Salary Earners in Visakhapatnam
If you’re considering filing your salary income tax return, look no further! At ITR Adda, we offer the most affordable package for Visakhapatnam’s salaried individuals, starting from just Rs. 500/-. Additionally, our advisor will assist you in obtaining TDS amount refunds from the Income Tax Department of Visakhapatnam.
When it comes to filing your income tax return as a salaried person, an important decision is choosing between the Old Income Tax Regime and the New Tax Regime (which is the default). We analyze both regimes based on your personalized data.
Connect with our Chartered Accountant for ITR filing consultancy in Visakhapatnam. Simply send us your salary details or Form 16 for this financial year, and we’ll get your ITR filed within hours.
Positives of Submitting Income Tax Returns in Visakhapatnam
In Visakhapatnam city, filing your Income Tax Return (ITR) on time offers several important benefits. Firstly, it ensures compliance, protecting individuals and businesses from penalties and interest charges. This not only promotes financial responsibility but also strengthens accountability in tax matters. In Visakhapatnam’s bustling economic environment, a filed ITR plays a vital role in facilitating smooth approval processes for different types of loans. Additionally, it improves the chances of visa approval, as foreign embassies often scrutinize tax compliance records. ITR filing also creates opportunities for potential tax refunds, contributing to overall financial well-being. Furthermore, in a city where government schemes are often tied to income levels, a filed ITR serves as valid proof, enabling residents to access benefits under various schemes, thus making it a crucial document for validation.
Responding to Income Tax Notices in Visakhapatnam
If you’ve received an Income Tax Notice in Visakhapatnam, don’t fret! Our Income Tax Notice Response Service is here to assist you. We have a team of experts well-versed in tax regulations, and they’ll handle the response to the notice on your behalf. They’ll carefully examine the details, collect the necessary information, and ensure that everything is addressed correctly. This allows you to relax and alleviate any stress about the tax notice – we’ve got you covered!
Income Tax Audit Service in Visakhapatnam
Discover our Income Tax Audit Service in Visakhapatnam, where our team, led by seasoned Chartered Accountants, simplifies the intricacies of income tax compliance. Confronting an audit? Our experts ensure a seamless process by meticulously reviewing your financial records and addressing potential issues. With our comprehensive service, bolstered by the expertise of Chartered Accountants, we offer peace of mind, allowing you to focus on your core activities while we handle your tax matters with precision. Trust us to navigate you through the audit process efficiently and effectively.
CA Tax Audit is necessary for businesses meeting the following criteria:
- Turnover exceeding One Crore //OR//
- Profit less than 6 percent or 8 percent
For professionals, Tax Audit is required if Gross Receipts exceed 50 Lakhs or Profit is less than 50 percent.
Visakhapatnam & Nearby Place Office - ITR Station
ITR Adda Office – Near Visakhapatnam Location (Open)
Sai Surya Complex, Dabagardena, 530020
Also We are Providing ITR Filing Service in District of Srikakulam, East Godavari, Krishna etc Consist City of Visakhapatnam, Vizianagaram, Srikakulam, Anakapalle, Gajuwaka, Narsipatnam, etc.
