Understand Income tax for tax optimization.
Income Tax Consultant in jaipur by dailyfiling. Mainly, there are two types of taxes in India: direct tax (wealth tax, income tax, corporate tax, etc.) and indirect tax (GST, VAT, sales tax, etc.). An income tax is a direct tax levied by the central government on the income of its citizens under the income tax act of 1961. The rate of income tax to be paid by an individual depends upon the income slab they fall into, which is defined and managed by the government.
Here, income is not confine to the salary earned by the individual but also includes income from other active or passive sources such as house or property, business profits, professional gains, capital gains, etc.
However, there are several tax reliefs or freedoms that you can enjoy under special circumstances. An income tax consultant in Jaipur or corporate financial advisors can help you minimise your tax liabilities and plan financials, file income tax returns and more, which offers peace of mind as well.
Need of income tax consultant in Jaipur
Whether you work for a company, are a freelancer, or own a business, as long as you make some income, you have to pay income tax. But as mentioned earlier, the tax slab decides the rate of tax to be paid and is also dependent on age group in several cases.
The financial ministry can make changes to terms and conditions every year, which means you need to stay updated with the tax laws at all times if you want to pay your IT returns on your own with the utmost optimization. This means a lot of research, calculations, and preparing of records, which could be hectic for many.
Hence, you can hire a professional income tax consultant in Jaipur like Daily Filing, who understands all the math behind taxes and works closely with clients to minimise their tax liabilities.
Thoroughly understanding some services offered by tax advisors.
Services offered by an income tax consultant in Jaipur
If you hire an income tax consultant in Jaipur from Daily Filing, you will enjoy utmost peace of mind as our agents are not just experts in the industry but also show several satisfactory characteristics, such as confidentiality and on-time delivery of services.
We will try to keep the service hassle-free for you and definitely save you time on tax return filing. Being professionals in their work, you can expect faster processing of return filing and, in the meantime, it saves you from taking wrong decisions under hasty circumstances.
Not only will the agents assist you in determining your tax deductions, but as tax experts, you can also ask them for other financial advice.Moreover, you can seek advice on any legal matters, investment schemes, etc.
Frequently Asked Questions
A tax consultant performs multiple tasks which includes but are not limited to:
● Preparing tax documentation for filing income tax returns
● Filing e-returns for businesses, freelancers and individuals
● Determining tax liabilities for their clients
● Help completing tax forms like Form 12B, Form 16, etc.
● Legitimate investments and tax-saving schemes.
Income tax consultancy is the service provided by an expert of commerce and tax system of india. Mostly people seek tax consultants when they are about to start a new business or need to file tax returns and understand tax compliance for their business.