Smart Ways Of Filing Tax Form

1. Smart Ways Of Filing Tax Form Filing the Tax form has become easy today and even more convenient than it was earlier. Some of the taxpayers are still finding it difficult to file their returns and subcontract the total process to a tax professional. There are some e-filing portals guiding the taxpayers to undergo the entire process and guiding the person to find a way. With the help of the Tax Consultant you can file your tax return in a proper way. How to make a taxpayer file his tax form by himself? The entire process is divided into five steps to the benefit of the people. It is necessary to crisscross your tax credit statement and resolve it with the tax paid during this year. Then you can select the right form that is needed for filing the tax refund. The form in which you have to file the tax returns is based on your income type. You have to be smart enough to fit yourself in the right area depending on your income type. Later, you have to focus on the mode of filing the return. The government has made e-filing compulsory for those who are earning more than five lakhs a year. With the help of a professional Tax Consultancy Services filing tax return has become quite easy and simple. However for the companies, where they are filing the sales tax, the Sales Tax Consultant is much professional to fill up the sales tax and other managing other necessary documents.

2. Steps involved in filing a tax refund Check the TDS details You can begin the process by checking the tax paid with that of the TDS details in the 26AS form. The employees have to match the TDS details in the form16 from the employer with the form26AS details. Form26AS can be accessed from the income tax department official website, https:// incometaxindiaefiling.gov.in/. The tax credit statement can be accessed from the site by registering your name on it. When you click on credit statement, you will be directed to TDS Reconciliation Analysis and Correction Enabling System page. Any mismatch found in the tax credit statement with that of form 26AS should be brought to the notice of the officials who have deducted tax for you. It has to be rectified immediately. You should select the right form Filing tax refund in a wrong form will be rejected. The most used form is ITR-1. If the exempt income of the taxpayer exceeds Rs.5000, then ITR-2 has to be filed. The exempt income includes PPF, life insurance policies, EPF withdrawals and dividend income. You should choose the right filing mode E-filing is made compulsory for some people, and it is made simple for the taxpayers to file a return through the internet. The private Portal charges you a small fee and helps you in choosing a right form and give relevant instructions. GST Yes, GST is the new implication for all the tax payers who are having more than 20 lacs of income. There are various diverse implications for GST and with the help of Gst Consultants India you can get the GST filed and calculated. Invoice generation is also done with the help of a professional consultant.