Welcome to Max Tax Consultants
MAX TAX CONSULTANTMAX TAX CONSULTANTMAX TAX CONSULTANT
Aman Shaw
+91 7980126889
+91 8389859804
info@maxtaxconsultant.com
consultantmaxtax@gmail.com
Bangalore
MAX TAX CONSULTANTMAX TAX CONSULTANTMAX TAX CONSULTANT

About us

About Us

As an accomplished Income Tax Expert Consultant with over 12+ years of experience working with 500+ Top reputed companies with thousands of our Happy clients, Our Team specialize in delivering comprehensive tax planning, compliance, and advisory services to individuals and businesses. We are delivering services with ease and convenience as per our clients needs across PAN India. Our expertise spans corporate tax strategies, international tax planning, and regulatory compliance, ensuring our clients maximize their Financial efficiency while remaining fully compliant with ever-evolving tax laws. We are specialized in ITR filing and also giving other tax services related to GST Registration, GST filings, Food licence, Professional Tax, Company Registration, Shop establishment, Udhyog Aadhar Registration, Digital Signature, Company Auditing, Accounting & Book keeping, Tax planning, Import Export Code, Trade Mark Registration, MSME Registration, Licensing, LLP Registration, Society Registration etc.

business audits using a calculator financial data investment fund at a workplace, wealth concept

Overview​

We pride ourself and our whole team on our analytical skills, attention to detail, and ability to communicate complex tax concepts in a clear and actionable manner and educate people to provide them tax benefits With a strong background reputed industries, We provide tailored solutions that align with each client’s unique financial goals and challenges.

Our dedication to continuous learning and staying current with the latest tax regulations enables me to provide cutting-edge strategies and insights. Let’s connect to explore how we can help you navigate the complexities of tax planning and achieve your financial objectives.Trust us we truly build Money for our customers by proper guidance of investment and Tax savings year on year.

Benefits of e-Filing of Income Tax Return

E-filing your income tax return has several advantages that can simplify your financial life. Here’s how it can help you:

Avoid Tax Notices

When you e-file, you're less likely to make mistakes on your tax return that could trigger a notice from tax authorities.

Build Financial Records

E-filing encourages you to keep good financial records, making it easier to manage your money.

Carry Forward Losses

If you've had losses in the past, e-filing allows you to use them to lower your taxes in the future.

Get Tax Refunds Faster

4. E-filing often means you get your tax refund faster, which can be a financial boost.

Boost Credit Score

Keeping your tax record clean through e-filing can improve your credit score, making getting loans or credit cards more accessible.

Simplify Business Finances

For businesses, e-filing can streamline the tax process, making it easier to meet your tax obligations.

Plan Your Finances Better

E-filing makes you assess your financial situation every year, helping you make better financial plans for the future.

Who Should File an Income Tax Return?

Salaried individuals with gross income exceeding the exemption level before deductions under Sections 80C to 80U
Regardless of profit or loss, every firm, whether private limited, LLP, or partnership, is required to file IT return
Individuals who are Directors in a Private Limited Company or a Partner in a Limited Liability Partnership firm.
Individuals who earn dividends from mutual funds, bonds, equities, fixed deposits, interest, and other sources
Individuals that receive income through charity or religious trusts, as well as income from voluntary contributions
Individuals and businesses seeking tax refunds
NRIs and tech professionals.
How to File Your Income Tax Return Online
For ITR filing online, first and foremost keep all the soft copies, scanned copies of all the required documents like your bank statement and last year's return. You should also fill out income tax Form 16.

ITR online apply

Start

Step 02

Through the registered portal our experts will file your income tax return online

Step 04

Our experts will inform you regarding the tax payable amount if any after all exemptions

Step 01

Submit all the required documents to our experts

Step 03

ITR Filing Form will be selected based on your category, and experts will fill in all required information and claim any applicable exemptions

Step 05

Subsequently your income tax return will be filed without any hassle.
itr

Why Should You File Income Tax Return

There are several important reasons why it’s a good idea to submit an income tax return, even if you don’t owe any taxes:

Claiming Deductions and Exemptions

When you file your income tax return, you have the opportunity to claim deductions and exemptions provided by the government. These can help reduce the amount of income that is subject to taxation. For instance, you can deduct expenses like medical bills, education costs, and the interest paid on a home loan. You can also claim exemptions for any dependents you have.

Getting a Tax Refund

If you’ve paid more in taxes than you owe, filing a tax return allows you to claim a refund. The excess amount will be credited back to your bank account.

Building a Credit History

Filing your income tax return contributes to building a credit history. This history is a record of your financial activities, such as loan repayments and credit card bills. Lenders use it to evaluate your creditworthiness. A positive credit history can help you secure loans and credit cards with lower interest rates.

Accessing Benefit

Some government benefits and programs, such as scholarships and certain schemes like the Pradhan Mantri Jan Dhan Yojana (PMJDY) designed to provide financial services to those in need, may require you to have filed an income tax return in the previous financial year to be eligible.

Avoiding Penalties

Failing to file your income tax return can result in penalties. These penalties can be quite substantial, so it’s essential to file your return on time to prevent such consequences.

Fulfilling Civic Duty

Filing your income tax return is not just about personal finance; it’s also a civic duty. It’s your way of contributing to the development of the country. The taxes you pay go towards funding vital government programs, including education, healthcare, and infrastructure, which benefit society as a whole.

Which ITR Form to File?

There are seven different ITR forms available in India, each with its own eligibility criteria and requirements. The ITR form you need to file depends on your income, sources of income, and whether you are a resident or non-resident of India.
Here are the different ITR forms and their eligibility criteria:

ITR-1 (Sahaj): This form is for individuals with a total income of up to ₹50 lakhs. It is the simplest ITR form and can be filed by anyone who does not have any complex income sources.
ITR-2: This form is for individuals with a total income of more than ₹50 lakhs. It is more complex than ITR-1 and requires taxpayers to provide more details about their income and deductions.
ITR-3: This form is for individuals who have income from a business or profession. It is also used by individuals who have capital gains.
ITR-4: This form is for individuals who are salaried and have opted for the presumptive taxation scheme. This scheme allows taxpayers to pay tax at a flat rate of 5% of their turnover.
ITR-5: This form is for Hindu Undivided Families (HUFs). It is similar to ITR-1, but it also requires HUFs to provide details of their members.
ITR-6: This form is for companies. It is the most complex ITR form and requires companies to provide detailed information about their income, expenses, and taxes.
ITR-7: This form is for individuals who are non-residents of India. It is similar to ITR-1, but it also requires non-residents to provide details of their foreign income. If you are not sure which ITR form to file, you can always consult with a tax advisor.

Here are some additional things to keep in mind when choosing an ITR form:

The ITR form you choose must be the correct one for your income and sources of income.

You must provide all the required information in the ITR form.
You must sign and date the ITR form.
You must submit the ITR form by the due date.
The due date for filing income tax returns for the financial year 2024-25 is 31st July 2024. However, there are some exceptions to this deadline. For example, senior citizens and persons with disabilities have a longer deadline to file their returns.

Enquire Now

CAPTCHA image

This helps us prevent spam, thank you.

X
Call Now Button