Income Tax Return Preparation

Filing Income Tax Returns (ITR) is mandatory for individuals and businesses to comply with Indian tax regulations. Whether you are a salaried professional, business owner, or corporate entity, timely and accurate ITR filing ensures compliance, avoids penalties, and optimizes tax savings.

✅ Accurate & timely Income Tax Return (ITR) preparation
✅ Tax filing for Individuals, Companies, LLPs, and Trusts
✅ Handling of Income Tax Notices & Compliance Assistance
✅ Strategic Tax Planning for maximum savings & efficiency

At BizSetups, we provide end-to-end Income Tax Return Preparation services, including filing for Individuals, Private Limited Companies, LLPs, Public Limited Companies, and Trusts. Our 100% online process ensures quick, error-free, and hassle-free tax filing, along with expert tax planning and notice handling services.

Income tax filing requires precise documentation, legal compliance, and strategic tax planning to maximize savings and avoid legal issues. Our expert services ensure:

✅ Accurate & timely Income Tax Return (ITR) preparation
✅ Tax filing for Individuals, Companies, LLPs, and Trusts
✅ Handling of Income Tax Notices & Compliance Assistance
✅ Strategic Tax Planning for maximum savings & efficiency

All individuals earning above the taxable income limit (₹2.5 lakh per year) must file an Income Tax Return. Filing on time helps in avoiding penalties, claiming refunds, and securing financial credibility.

✅ ITR filing for salaried employees, freelancers & consultants
✅ Optimize deductions under Sections 80C, 80D, HRA & more
✅ Quick tax refunds for TDS claims & excess tax paid
✅ Tax compliance for high-income earners & NRI tax filing

ITR Filing Process for Individuals

✅ Step 1: Collect income documents (Form 16, salary slips, investment proofs).
✅ Step 2: Calculate taxable income & eligible deductions.
✅ Step 3: File ITR online & verify through Aadhaar or DSC.
✅ Step 4: Get an acknowledgment & track refund status.

Private Limited Companies must file ITR even if there is no profit or income. Proper tax filing ensures compliance with the Income Tax Act & corporate tax benefits.

✅ Annual ITR filing for Pvt Ltd Companies under Section 139(1)
✅ Claim deductions under Section 80JJAA, depreciation, and startup benefits
✅ Tax compliance for startups & newly incorporated companies
✅ Avoid penalties for late filing & non-compliance

ITR Filing Process for Private Limited Companies

✅ Step 1: Gather financial statements (Profit & Loss, Balance Sheet).
✅ Step 2: Calculate taxable income & apply deductions.
✅ Step 3: File ITR using the company’s PAN & DSC.
✅ Step 4: Receive acknowledgment & tax payment details.

Limited Liability Partnerships (LLPs) and Partnership Firms must file ITR regardless of turnover. Proper tax filing helps in claiming deductions, minimizing tax liability, and avoiding legal scrutiny.

✅ ITR filing for LLPs under Section 139(1) of the Income Tax Act
✅ Apply deductions on business expenses & partner remuneration
✅ Ensure GST & TDS compliance with tax filings
✅ Avoid interest penalties on delayed tax payments

ITR Filing Process for LLPs & Partnerships

✅ Step 1: Prepare financial statements & profit distribution details.
✅ Step 2: Compute taxable income & eligible deductions.
✅ Step 3: File ITR with DSC verification.
✅ Step 4: Receive confirmation & tax acknowledgment.

Public Limited Companies are required to file annual ITR, TDS returns, and corporate tax statements. Strategic tax planning ensures efficient fund management & legal compliance.

✅ ITR filing under corporate tax slabs (25% or 30%)
✅ Claim deductions on capital investments & R&D expenses
✅ Filing of Form 29B (MAT report) for tax compliance
✅ Avoid tax litigation with proper documentation & audit reports

ITR Filing Process for Public Limited Companies

✅ Step 1: Compile financial records & corporate tax calculations.
✅ Step 2: Assess deductions & exemptions under the IT Act.
✅ Step 3: File ITR through DSC verification & track submission.

Registered charitable trusts, NGOs, and non-profit organizations must file ITR to ensure compliance under Section 12A & 80G and claim tax exemptions.

✅ ITR filing for charitable & religious trusts under Section 139(4A)
✅ Maximize exemptions under Section 12A & 80G
✅ Proper fund utilization reports for tax compliance
✅ Avoid penalties for non-filing & income tax notices

ITR Filing Process for Trusts

✅ Step 1: Collect income details, donations, and fund reports.
✅ Step 2: Assess tax exemptions under applicable sections.
✅ Step 3: File ITR & submit the audit report (if required).

Businesses and individuals may receive income tax notices due to mismatched tax data, non-filing, or tax discrepancies. Our experts help analyze, draft, and respond professionally.

✅ Handling of tax demand notices & scrutiny cases
✅ Legal representation for tax compliance issues
✅ Proper response drafting to avoid penalties
✅ Timely resolution for smooth financial operations

Income Tax Notice Resolution Process

✅ Step 1: Review notice & assess compliance issue.
✅ Step 2: Draft a response with legal justifications.
✅ Step 3: Submit reply & attend hearings (if required).

Proper tax planning helps businesses & individuals reduce tax liability, optimize deductions, and ensure legal compliance.

✅ Optimize tax-saving investments under 80C, 80D, and 80G
✅ Business tax structuring for corporate tax efficiency
✅ Plan capital gains tax exemptions & investment strategies
✅ Legal guidance on reducing tax liability

Tax Planning Process

✅ Step 1: Assess income, expenses & eligible tax-saving options.
✅ Step 2: Optimize deductions & exemptions.
✅ Step 3: Implement tax-efficient financial planning strategies.

Handling Income Tax Returns, Tax Notices, and Tax Planning can be challenging. At BizSetups, we ensure error-free tax filing, strategic planning, and professional compliance support.

✅ 100% Online & Paperless – No physical paperwork required
✅ Tax & Compliance Experts – Expert guidance for tax planning
✅ Quick Processing – ITR filing within 24-48 hours
✅ Transparent Pricing – No hidden fees
✅ Dedicated Support – Step-by-step assistance in tax compliance