Income Tax Return Filling | PAN Application | TAN Application | TDS Return Filling

As FinAcc Hub is group of qualified professionals consisting of Chartered Accountants and Company Secretaries, we aim at guiding you throughout your tax compliances. Taxation is a specialized area and requires great skill and accuracy. Our experts have the requisite knowledge to carry out tax planning, administration, Documentation and representation. We are committed to out professional ethics and make sure our clients’ taxation compliances are well planned and in time for the capital building and ongoing nature of business.

PAN Application

PAN, or permanent account number, is a unique 10-digit alphanumeric identity allotted to the person who applies for it by the Income Tax Department under the supervision of the Central Board of Direct Taxes. It also serves as an identity proof.
TAN Application

TAN is a alpha numeric 10 digit number and used as abbreviation for Tax Deduction and Tax Collection Account Number. Every Assessee liable to deduct TDS is required to apply for TAN and shall quote this number in all TDS Returns, TDS Payments and any other communication regarding TDS with the Income Tax Department.
Filing of Income Tax Return
- A tax return is documentation filed with a tax authority that reports income, expenses, and other relevant financial information.
- On tax returns, taxpayers calculate their tax liability, schedule tax payments, or request refunds for the over-payment of taxes.
- Different forms of Income Tax returns are filed annually.
  
  ITR 1 Sahaj
  
  ITR 2
  
  ITR 3
  
  ITR 4 Sugam
  
  ITR 5
  
  ITR 6
  
  ITR 7
Respond to Tax Notice
- You are likely to get an income tax notice if there is a discrepancy in the income tax amount calculated and paid by you while filing your income tax return (ITR) and that computed by the income tax department. Once you have verified your ITR after submitting it, the tax department cross checks the income declared and tax paid by you with the information available with them.
- Such an intimation of outstanding tax demand, you would have to go to an income tax office on the date and the time specified in the notice. However, the government has been taking measures to make this procedure taxpayer friendly by providing e-assessment methods.
TDS Return Filing
- Tax deducted at source (TDS) is the practice of reducing tax evasion and spillage by making it mandatory to deduct TDS from payments at pre-defined rates.
- Apart from depositing the tax, the deductor should also file a TDS return.
- TDS return is a quarterly statement to be given to the I-T department. It is compulsory for deductors to submit a TDS return on time. The details required to file TDS returns are:
  
  PAN of the deductor and the deductee
  
  Amount of tax paid to the government
  
  TDS challan information
  
  Others, if any
Advising on Tax Planning and other related matters

Income tax is a vast subject with rules and regulations there under. It is the direct source of revenue to the government. It’s better for any organisation to comply with it and start with proper planning. Tax planning is important for any assessee for lowering the amount of taxable income and maximizing tax relief or tax credits available.