Just like any other economic term that talks about company annual returns, Income Tax Returns are not less horrifying. No matter how small or large your business is, it’s known to elicit a groan from everyone!

Right from paperwork to deadlines and the looming fear of disapproval, e filing income tax returns can certainly be a tedious task. And if you are someone who is going through the same, congratulations; you’re on the right page.

In this post, we will be decoding the jargon of income tax returns and unfolding everything that one should know.

Income Tax Returns

Things You Need To Know About Income Tax Returns

Whether you’re the CEO of a Pvt, Ltd company or a solopreneur just starting out, understanding the basics of income tax returns is really important. So, let’s break it down for you:-

  1. Income tax returns– Starting off with the term that brings nightmares to corporate employees, this official document reports the taxable income of a company to the Government. In simple words, it determines how much tax you as a company owe to the Government.
  2. E-filing of income tax returns– Although people have grown comfortable with the pen-and-paper method of filing income tax returns, it’s time we switched towards the digital ways. This is because the digital methods are not only more accurate and secure but also help you file income tax returns online effortlessly, saving time and, of course, trees.
  3. Income tax returns last date– When dealing with this, you cannot afford to be a latecomer because missing the deadline for filing an income tax return online can attract hefty penalties.

Why Choose Vedkee Associates As Your Tax Partner?

Yes, e-filing of income tax returns is tedious, but finding the right tax partner can be more difficult. This is because when we talk about the right consulting partner, it’s not only about the work quality they offer but also the prices at which they work come into consideration.

But wait, you don’t need to worry as you are already at the right door! We at Vedkee understand that every business is unique, having its own set of tax intricacies. Thus, following the same, we offer bespoke solutions to your specific needs, be you a:-

  • Small business owner– We take care of your tax regime and ensure maximum benefits and minimal fuss for your part.
  • Proprietorship company– For such businesses, we try our best to simplify your tax filing process, thus allowing your team to concentrate on the growing venture.
  • Large business owner– When it comes to the IT giants, our team of experts tackles complex tax calculations and compliance requirements, leaving you free to focus on what you do best.
  • Partnership companies– We handle the intricacies of your partner’s income distribution and joint tax filing with complete accuracy and transparency.
  • Solo trader– It must be difficult to handle everything alone. But worry not, as we are here to make your life easier by taking care of your individual tax obligations so that you can focus on chasing your entrepreneurial dreams.

Well, unlike the rest, Vedkee Associates isn’t an ordinary tax consultancy firm; rather, we go beyond just filing income tax returns online. We’re the tax confidants of our clients, offering them with comprehensive services like:-

  • Tax planning– We analyze your financial situation and devise a strategic tax plan to minimize your liabilities and maximize your savings.
  • Investment advice– We at Vedkee guide you towards tax-efficient investment options, helping you grow your wealth while optimizing your tax footprint.
  • Audit support– Last but not least, in case of an audit, our team stands by you, providing expert guidance and representation to ensure a smooth and stress-free experience.

Apart from these, we offer competitive rates and transparent pricing that gives you the best value for your money. Our user-friendly platform is intuitive and easy to navigate and prioritizes your data safety over everything.

Also Read: GST Returns Filing in Gurgaon

Embrace the Ease That Vedkee Offers

So, if you are all set to embark on your taxation journey stronger, don’t wait any longer!

Visit and request a free call back today. Further, you can also contact us via our telephone line- and our mail ID-.

Key Takeaways

In the words of Benjamin Franklin -” The only certainty in life is death and taxes.” While the first may be inevitable, the second doesn’t have to be a painful experience with us.

So, stop fearing the maze of income tax returns and join us for a smooth and confident journey toward financial success.

FAQs:- Income Tax Returns

An income tax refund, also known as an IT refund, comes into the scene when the tax paid by an individual is higher than the amount he/she is liable to pay.
Every individual who is below the age range of 59 years and has an annual income of over 2.5 lakhs is eligible for an ITR return.
To get your ITR return, you need to follow a 4-step procedure. First, access the e-Filing portal, then select "Income Tax Return (ITR) Status," then enter your acknowledgment number and mobile number, then click "Continue." Finally, enter the 6-digit OTP sent to your phone and click "Submit."
Yes, in general, for businesses with a total income of 2.5 lakhs, it is compulsory to file an ITR.
To check your tax refund status, visit tin-NSDL, go to Services, then Status of Tax Refunds.
Enter PAN, year, captcha, and submit. Download and verify Form 26AS for details.