Trust Accounting Services

 

File income tax return for your business and ensure it remains compliant under the Income Tax Act and Rules. Trust Accounting Services  The average time taken to file an income tax return for your business is 3 to 5 working days. Get a free consultation on business tax return filing by scheduling an appointment with an Filings Advisor. Any individual who has business income is said to be operating a proprietorship firm. Proprietorships operating  are required to file income tax return each year. Since proprietorships are considered to be one and the same as the proprietor, the income tax return filing procedure for a proprietorship is similar to individual income tax return filing. All companies registered in India are required to file income tax returns each year. Under the Income Tax Act, company tax return filing falls under two categories, namely domestic company or foreign company. Companies registered with the Ministry of Corporate Affairs like Private Limited Company, One Person Company or Limited Company are classified as a domestic company. Wherever you conduct commercial activity, there is probably an obligation to report your revenues, expenses and profits to the local tax authority. Every country has its own rules that determine what you report and declare. You may even have to file returns of corporate taxable income at a state, cantonal or municipal level too.