Business Owners & Professionals - Basic
This includes:
Business Income - Turnover less than Rs 1 Crore
Professional Income - Turnover less than Rs 50 Lacs
Plan Overview
Services Included
Business/profession income (inclusive of presumptive taxation scheme(U/s 44AD / 44ADA /44AE) of Income Tax Act declaring a set percentage of profit on the turnover/ receipts)
Interest and Dividend Income declaration
Claim of tax savings investment - If any
Rental Income form multiple house properties
Documents Required
Bank statements for the financial year
Income and Expense statements
Gross Receipts
Form 26AS Tax Credit Statement
Interest Certificate, if interest received is above Rs. 10,000/-
Annual Information Statement
Process
Step 1
Purchase of Plan
Step 2
Upload documents
Step 3
Review computation sheet
Step 4
Return filed & acknowledgement generated
Recommended For
Businesses having annual turnover under Rs. 2cr and declaring income above 8%(no audit)
Professionals & Freelancers having annual gross receipts under Rs. 50 lakh and declaring income at 50% or above(no audit)
Any other person having casual income.