CorporateKarma

Income Tax filing is no more a head ache

Income Tax Filing is mandatory for individuals whose yearly income crosses a specified limit mentioned in the income tax Act

Gross total income (before allowing any deductions under section 80C to 80U) exceeds Rs 2.5 lakhs in FY 2018-19. This limit is Rs 3 lakh for senior citizens (aged above 60 but less than 80) or Rs 5 lakhs for super senior citizens (aged above 80).

For Companies or Firm irrespective of whether you have income or loss during the financial year

If you want to claim income-tax Refund

If you want to carry forward a loss under a head of income

If you are a Resident individual and have an asset or financial interest in an entity located outside of India.

Income derived from property held under a trust for charitable or religious purposes or a political party or a research association, news agency, educational or medical institution, trade union, a not for profit university or educational institution, a hospital, infrastructure debt fund, any authority, body or trust

Why CK?
FAQ

Why CK?

Nil Penalty or late fees

FAQ's

Whether I need to file Income tax in my business name or personal name?
If you are a Sole propreitor, personal name holds good. If you are running a partnership firm or private ltd co, you need to file under both company as well as personal name.

Whether I need to file income tax even if my income is less than the specified amount mentioned in Income tax Act?
If you have PAN, you need to update in the Income tax portal that your income is less than the limit mentioned in the income tax Act.

Whether PAN & Aadhar need to be linked to file Income tax?
Not necessary, but after filing for e-verification we need to link, which we will guide you.

How much time it will take to file income tax?
After we get all documents & details from you, it will be filed in a day or two depending on the complexity.

If there is any mistake in the Income tax filing, whether it can be rectified?
Yes, it can be rectified any number of times

Income-Tax Filing

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Income Tax filing is no more a head ache