Smart TM

Income Tax

What is Income Tax Registration?

Income tax registration is a mandatory requirement for individuals and businesses earning taxable income in India. Whether you are a salaried professional, business owner, freelancer, or company, you must register and file Income Tax Returns (ITR) as per the Income Tax Act, 1961.

At Smart TM, we simplify ITR filing, tax planning, and compliance to help you avoid penalties and maximize tax savings.

Needs to File an Income Tax Return

NRIs & Foreign Income Earners

Individuals earning from international sources.

Taxpayers with Capital Gains

Income from stock trading, real estate, or other investments.

Freelancers & Consultants

Self-employed individuals earning beyond the tax threshold.

Businesses & Professionals

Companies, LLPs, and firms with taxable income.

Individuals earning above ₹2.5 lakh per year

(₹3 lakh for senior citizens, ₹5 lakh for super senior citizens)

Why is Income Tax Compliance Important?

✔ Mandatory Under Income Tax Act – Filing ITR ensures legal compliance.

✔ Avoids Penalties & Legal Issues – Late filing can attract fines up to ₹10,000.

✔ Required for Loan Approvals & Visa Processing – ITR acts as proof of income.

✔ Claim Tax Refunds & Deductions – Maximize savings with eligible exemptions.

✔ Builds Financial Credibility – Essential for business growth and investments.

Process for ITR Filing

Collect Income & Expense Details

Salary, business income, investments, and deductions.

Select the Right ITR Form

Choose from ITR-1, ITR-2, ITR-3, or ITR-4 based on income type.

Compute & Verify Tax Liability

Smart TM ensures accurate tax calculations & deductions.

Pay Outstanding Tax (if applicable)

Easily pay online via net banking or UPI.

File & Verify ITR

Submission is completed with Aadhaar OTP, net banking, or DSC.

Get Refunds Faster

If eligible, receive your tax refund directly in your bank account.

Packages

STARTUP

₹999

✔Preparation of Balance sheet.
✔Preparation computation without capital gain.
✔Preparation of ITR-1
✔Filing of ITR-1

ENTERPRENUER

₹1499

✔Preparation profit and loss account.
✔Preparation of Balance sheet.
✔Preparation computation without capital gain
✔Preparation of ITR-3/4/5
✔Filing of ITR-3/4/5

CORPORATE

₹3499

✔Preparation profit and loss account.
✔Preparation of Balance sheet.
✔Preparation computation with capital gain
✔Mapping of TDS
✔Calculation of Tax and Refund (if applicable)
✔Preparation of ITR-3/4/5
✔Filing of ITR-3/4/5

Why Choose Smart TM for Income Tax Compliance

End-to-End Tax Compliance

From ITR filing to responding to tax notices.

Maximize Tax Savings

Claim all eligible deductions & refunds.

Hassle-Free ITR Filing

We ensure accurate & timely submissions.

Expert CA & Tax Consultant Support

Professional guidance throughout the process.

Affordable & Transparent Pricing

Cost-effective solutions for individuals & businesses.

Other Essential Income Tax Compliances

✔ Advance Tax Payments – Mandatory for taxpayers with tax liability above ₹10,000.

✔ TDS Return Filing – Deduct and deposit TDS on salary, contractor payments, and commissions.

✔ Tax Audit for Businesses – Required for firms with turnover exceeding ₹1 crore (₹50 lakh for professionals).

✔ Responding to Income Tax Notices – Expert handling of tax assessments & scrutiny cases.

✔ Capital Gains & Investment Taxation – Tax planning for stocks, mutual funds, and real estate transactions.

📞 Stay Ahead of Tax Deadlines – Let Smart TM Manage Your Income Tax Compliance!

FAQs on Income Tax Filing & Compliance

Individuals earning above ₹2.5 lakh annually, businesses, freelancers, and professionals must file an ITR.

July 31st – For individuals & businesses not requiring audit. October 31st – For companies & businesses requiring audit compliance.

Late filing attracts penalties up to ₹10,000 and interest on unpaid taxes.

Yes, you can revise your return before the end of the assessment year if errors are identified.

Yes, if their income exceeds ₹2.5 lakh annually, freelancers must file ITR and pay applicable taxes.

Visit incometax.gov.in and use the ITR Status tool.

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