Taxation Services India

Income Tax Return

We are proud to offer credible Income Tax (IT) Service as part of our Direct Tax Service. Our Income Tax Service is high praised by our clients for the ease & efficiency with which we offer them. Other details of the service are listed below as :

Indian Income Tax has categorized the assesses into the following status :

• Individual
• Hindu Undivided Family
• Body Of Individuals
• Firms
• Company
• Association Of Persons
• Co-operative Societies

The tax rates under Income Tax Act, 1961 are different for each type of the assesses mentioned above. In India the financial year is from 1st April to 31st March. Further Indian revenue authorities follow a residence based taxation system under each category. Broadly, taxpayers may be classified as residents /or non-residents. Individual taxpayers may also be classified as ‘residents but not ordinary residents’ in india.

”Domestic company” means a company which in respect of its income liable to tax under the Income Tax Act, 1961 has made prescribed arrangement for the declaration & payment of dividends in India in accordance with section 194. Any other company will be a “foreign company”.

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