Tax and Return File services
In India, there are several types of taxes and corresponding return filing services available for individuals, businesses, and other entities. Here’s a comprehensive list of taxes and their return filing services:
1. Income Tax
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Applicable to: Individuals, HUFs, companies, firms, LLPs, etc.
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Filing Forms:
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ITR-1 to ITR-7 (based on type of taxpayer and income)
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Due Dates:
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July 31 for individuals (not under audit)
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October 31 for audit cases
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2. Goods and Services Tax (GST)
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Applicable to: Businesses with turnover above threshold or voluntarily registered.
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Returns:
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GSTR-1: Details of outward supplies
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GSTR-3B: Summary return
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GSTR-9/9C: Annual return and reconciliation
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CMP-08: For composition scheme taxpayers
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3. Tax Deducted at Source (TDS)
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Applicable to: Employers, businesses, etc. deducting tax at source.
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Returns:
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Form 24Q: Salary TDS
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Form 26Q: Non-salary TDS
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Form 27Q: Payments to non-residents
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Form 27EQ: TCS (Tax Collected at Source)
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4. Profession Tax
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Applicable to: Salaried individuals, professionals, traders (state-specific)
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Return Filing:
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Monthly/quarterly returns depending on the state (e.g., Maharashtra, Karnataka)
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5. Provident Fund (PF) and Employees’ State Insurance (ESI)
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Applicable to: Employers
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Returns:
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PF: Electronic Challan cum Return (ECR)
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ESI: Monthly return filings
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6. Corporate Tax (Companies Only)
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Applicable to: Companies (domestic and foreign)
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Return: ITR-6, MAT calculation, advance tax, etc.
7. Import/Export and Customs Duty Returns
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Applicable to: Importers and exporters
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Returns:
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Bill of Entry/Shipping Bill filings
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Export incentives and GST refunds
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8. Other Specific Returns
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Equalisation Levy
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Advance Tax
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Wealth Tax (Discontinued but applicable in earlier years)
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SFT (Specified Financial Transactions): Required by financial institutions to report high-value transactions.