Tax filing

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What is the procedure to file income tax return?
Replies (13)

HELLO

 

FIRST GOTO INCOMETAX SITE, REGISTER THERE WITH PROPER NAME AS PER PAN APPLICATIONS. THEN SUBMIT AND FILE IT ......

hello, Plz let me know the detailed procedure to file tax return as a tax practitioner. like the documents to be received from client. what are all the forms to be used, what are all to be verified.... and so on.

hi revathi.....for preparing income tax return u need following documents from ur client:

if Client is a salaried Employee:

If client is a salaried employee you have to ask for Form 16 A which is issued by the Employer of the Client.  It includes complete detail of income under the head salary and Tax deducted at Source by the employer.

if The client has income under head like income from FDR drawn upon banks then you need to ask for form no. 16 form the Bank in which FDR has been made.

IF client is carrying on any Business and Profession

 

Then u have to ask for balance sheet, Profit and Loss accounts and schedules to balance sheet...if it is not already prepared then you have to ask for bank statements, expenses incurred for the business and bills of sales and purchases. and ascertain the profit and calculate tax on that.

If the client has income under the head Capital Gains then the follwing information will be required.

Date of Purchase of Property or Securities

Addition made to the Property.

Expenses incurred for the purchase of Porperty Like Agents Commission

Date of Sale.

Amount of Purchase & sales etc.

I hope this information will be helpful for you.

Good Luck

 

HELLO

U DINT ASK DETAILS BEFORE NOW U ASKING, ANYWAYS VIJAY AS TOLD U, IF U NOT GOT CLEARED UR DOUBTS THEN ASK WILL CLEAR IT...

Thank you vijay. The info. was useful. but tel me who can i approach to file the return in income tax office.
Hello Bala, Thank you for your concern and am sorry for not puting forth my query clearly. I would like to practise IT filing. Thats why i asked for the detailed procedure. If you could help me doing so, i would be thankful.

HELLO RAVATHI

NO NEED TO APPROACH ANYONE IN INCOME TAX, JUST FILE THE RETURNS ONLINE AND YOU WILL GET ACKNOWLDGEMENT WHICH YOU HAVE TO FILE IN DEPARTMENT. IF ITS SALARY THEN GO TO SALARAY WARD AS PER COMPANY NAMES..IF ITS OTHER THEN THAT CALL INCOME TAX CUSTOMER  CENTER TELL THEM WHICH AREA HE LOCATES AND FIND OUT THE WARD OF THAT ASSESS AND FILE IT IN REALTED WARDS...

 

YOU CAN DO NOT A PROBLEM, IF YOU DOING TAX AUDIT THEN YOU NEED TO GET SIGN BY CA.....

 

ANYMORE JUST FEEL TO ASK

REGARDS

BALU

MADEM IT IS NOT A ONE DAY AFFAIR TO LEARN HOW TO FILE OTHERS ROI.  IT IS TIME BOUND PRACTICE... IF YOU FILE WRONG INFORMATION  IT IS THE CLINET TO SUFFER..

CARE

Hello Mr. Ganesh, I know it is time bound practice. Thats y am seeking for experts advice.



Hi Revati

For depositing return manually you just have to visit the the income tax office of your area. YOur city would have been divided into wards. you can check the list of wards at any income tax office.

For filing online return you must have an software like Computax... it will solve all your needs for preparing a return...

First of all you have to get your client registered with income tax department through www.incometaxindia.gov.in.

For registering on  website u need:

1. client's Pan No.

2. Client's Full Name

3. Client's Phone Number

4. Client's Date of Birth &

5. Client's Email ID

once you are registered with IT deparment you can file your return online.

When you file your return online. you have to deposit the Acknowledgement produced after filing the return online to the income tax office with in next 15 days.

hope this will help you.

Thank you vijay.

ya thats rt, forgot to say what vijay told...


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