Income Tax Returns for Business

Which income are covered for Non Business Individual ITR service?

Income From Salary
Home Loans or Rental Income
Capital Gain - Equity, House Property, Mutual Funds, Etc
Other Income such as Interest from a bank, Dividend, etc
Income from Business and profession - Includes intraday trading, F&O trading, Freelancing, providing consultancy, trading, manufacturing and kind of supply of goods or services.

File your Business ITR with Taxwalla

Income from Business and profession includes intraday trading, F&O trading, Freelancing, providing consultancy, trading, manufacturing and kind of supply of goods or services. If you are into business or profession through your proprietorship firm, Partnership Firm, LLP or Private Limited company, this is the must-buy service for you. Anything apart from your business entity's income tax return filling such as accounting, bookkeeping, certification or audit services are chargeable separately.

Buy this service and periodical advance tax working goes chargeless for you!

Taxwalla Tip

Taxwalla Tip - If you are taking this service, we will cover all five heads of Income Tax which are Salary, House Property, Capital Gains, Business & Profession and Other Income.

Income Tax
Returns Filing
Process

We at Taxwalla take pride in doing all the hardwork and the running around while you can focus on your business and operations.

01

Login or register on Income Tax Online portal

Filing your taxes is to get access to the online Income Tax portal

GET ADVISE

02

Optimize taxes by Calculation

We analyse your bank statements and compute the optimum tax amounts for you.

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03

Fill the Forms and Process Taxes

We will do the submissions and complete the formalities so all compliances and clear and present.

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04

Get ITR acknowledgement

A proof for record is shared with you by us in the form of ITR acknowledgement.

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Taxwalla Benefits

Online & Time Saving process

We will share all the neccessary documents through online means and take your signed papers and other documents in scan copies from you.

No need to visit any office

You can provide all the needed documents from the comfort of your home. One dedicated executive will be in touch over the call and emails.

Review by qualified professional to avoid errors

We have a team of qualified professionals who will review all the documents before submitting it to the government department so that we avoid the unwanted queries.

A simple online process that saves your time

We can exchange details & documents through the email, whatsapp or other convenient online modes. No need to download anymore apps.

Taxwalla Process

Fill the Form

Submit your basic details like name, contact number, email address so that someone from our team can get in touch with you.

Speak with our executive and sign papers

One of our executives will be dedicated to your task who will walk you through the complete process and prepare the needed papers.

Our executive file all the necessary forms

Based on the details and inputs received from you, our team will fill the forms & file it to the government department for future processing.

Get ITR acknowledgement

A proof for record is shared with you by us in the form of ITR acknowledgement.

GET STARTED

FAQs

The Income Tax Act has a special provision for small businesses and professionals who are not able to maintain their books of accounts. This is called a presumptive tax, wherein you are supposed to declare a fixed percentage of profit on your gross revenue and pay the taxes accordingly. This minimum percentage is defined under the act based on the nature of your business or profession.

Yes, An individual is liable to file his/her Income Tax Return if his/her gross total income before giving benefits of Chapter VI-A deductions and an exemption of capital gain of listed securities of INR 1,00,000 is more than the threshold limit. Further, even if his income is less than the threshold limit, he is liable to file an ITR if the following conditions are satisfied

  • Aggregate of the amount in one or more current accounts exceeds INR 1,00,00,000
  • Incurred INR 2,00,000 or more on travel to a foreign country for yourself or others
  • Incurred INR 1,00,000 or more on the consumption of electricity

Apart from the provisions of the law, any individual can voluntarily file his ITR even if he is not meeting any of the above conditions.

Yes, As per provisions of the Act, a firm or a company must file its ITR whether you have income or loss during the year.

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