Bookmark this page

. Many individuals who have filed their income tax returns manually in 2009-10 to 2014-2015 assessment year, find that there is an outstanding demand for their account. Often the TDS or tax paid by them has not been credited accurately due to data entry errors by the income tax department or the organization deducting TDS. If the outstanding demand is large, then the refund for the following years will not be processed. Though online small business owners are harassed for years, falsely claiming that they have black money without any proof at all, in reality, most offline businesses have far more black money and cannot be identified or traced by the income tax department.

In case of outstanding demand, emails sent by the income tax department will be required so that their calculations, can be checked with the financial data available. To increase revenues, notices are being sent to small business owners, traders, under section 263, to reopen cases, and increase the tax being paid. Increasingly the income tax department expects all responses to be made online, through their website. In a large number of cases, the demand has been paid or adjusted against refunds, yet the process of updating the digital income tax department records remains slow, when returns were manually filed.

Unlike some chartered accountants and tax professionals who charge a commission for getting a refund, a flat fee is charged for getting an income tax returns, Most indian citizens whose TDS is deducted, can get some refund or relief on the amount of tax to be paid. It is important to ensure that the tax records especially form 26AS are correctly updated and tally with bank and paper records. If income tax returns are not being filed for several years, the income tax department may send a notice, so help can be provided to get all the tax records updated.

Information in paper format will be accepted, Suitable for small business owners keeping their financial records manually. The tax consultant will review the financial records of the small business owner, professional, salaried person or retired person and optimize the tax that will have to be paid.
Rates are highly competitive
Free email id for all clients filing income tax returns
Can also provide tax advice to online publishers, domain investors, freelancers and internet professionals receiving payment through Paypal, Skrill ( Moneybookers), Payza

Documents needed
Copy of last years income tax returns
Bank statement
TDS certificates
Savings certificate, deduction
Interest statement showing interest paid through out the year
Balance sheet, P&L account statement and other audit reports wherever applicable

All data will be kept confidential
Please contact on Phone number :0832 2223514 or email to info@gti.in

Personal finance - Personal finance advice in India