ITR TODAY: CREATING WEALTH FROM YOUR MONEY!

In this rapidly changing and ever-dynamic scenario, it is practically impossible to predict the trend of the economy. Also, a lot of instability has been noticed both on the global and domestic scene. Gone are the days when people could predict the turn of the economy by looking at the present trends. Therefore, wealth management has attained a position of utmost importance to every individual. Wealth management consists of a host of factors and only a trained professional will be able to comprehend the steps involved in it.


One of the most basic elements of wealth management is management of cash flows. In order to endure this economic instability, an individual must be able to manage his cash flows with diligence. Cash flow management consists of two core areas which need focus – inflows and outflows of funds. Any person who has mastered these areas will be a winner in almost every economic scenario. However, this requires a lot of technical and professional knowledge and brings in the need of a seasoned personnel.


One such professional team is ITR Today. Although you can appoint a professional or tax-consultant, there is one thought which would always keep haunting your mind – Is he capable enough of handling my funds?


To remove this element of doubt, you should always select a professional of repute and high level of diligence. ITR Today is a Online tax filing India based company, which not only guides you in ways of investing your money but also on saving your taxes, thereby allowing you to generate wealth. It provides you with Online Tax Services, thereby helping you to calculate the exact amount of tax you are liable to pay and in a hassle-free manner. The well trained professionals make sure that you don’t have to worry about paying less and getting fined or paying more and then initiate a refund process.


ITR Today also provides you with advices on proper investment of your funds, ensuring a regular stream of cash flows, besides providing you with a tax saving approach; thereby, striking a balance between cash inflows and outflows, ultimately maximizing your wealth. No matter, whether you are just an average income holder or earn a massive sum of money, the ITR team always has a solution for you based on your needs. You can also contact them if you just want services related to Tax Filing in India.

ITR Today is the ultimate solution for maximizing your wealth and any man of ordinary prudence would want to maximize his/her wealth. No matter whether you are interested in the company or not, the website is still worth checking - www.itrtoday.com

Tax Consulting Services India

The government of India imposes an income tax on taxable income of individuals, Hindu Undivided Families (HUFs), companies, firms, co-operative societies and trusts (identified as body of individuals and association of persons) and any other artificial person. Levy of tax is separate on each of the persons. The levy is governed by the Indian Income Tax Act, 1961. The Indian Income Tax Department is governed by the Central Board for Direct Taxes(CBDT) and is part of the Department of Revenue under the Ministry of Finance Govt. of India. Tax Consulting Services India is a key source of funds that the government uses to fund its activities and serve the public. There are close to 35 million income tax payers in India. 

Everyone whose income exceeds the ;maximum amount, which is not chargeable to the income tax, is an assesse, and shall be chargeable to the income tax at the rate or rates prescribed under the finance act for the relevant assessment year, shall be determined on basis of his residential status.

Income tax is a tax payable, at the rate enacted by the Union Budget (Finance Act) for every Assessment Year, on the Total Income earned in the Previous Year by every Person. 

The changeability is based on nature of income, i.e., whether it is revenue or capital. The rates of taxation of income are-: 

Income Tax Rates/Slabs Rate (%) (as per budget 2012)

• Up to 2,00,000 = 0%,
• 2,00,001 – 5,00,000 = 10%,
• 5,00,001 – 10,00,000 = 20%,
• 10,00,001 upwards = 30%,

• Up to 2,50,000 (for resident individual of 60 years or above)= 0
• Up to 5,00,000 (for very senior citizen of 80 years or above)= 0
• Education cess is applicable @ 3 per cent on income tax, surcharge = NA

Online Complaint of Non-receipt of Income Tax Return

Problems of Income Tax Refund:

Today there are plenty of Income Tax return problems in India. It is very common for ordinary tax payers of the country. Though now there is automatic refund process introduced by the CBDT computerized process, but it is applicable to those who have given their bank account number and other details and opted for direct credit to their bank account. But those who have opted for cheque system tax refund is a big issue for them. There are some people who have not yet received the refund, on the other hand there are some who failed to receive so due to absence from home, as such the refund has returned unserved. Now-a-days only a few people receive the income tax refund within the specified time. Rest of the people suffers a lot to get that.

Latest method adopted by the Income Tax department:

 For the purpose of registering complaint about non-receipt of refund the Income Tax department as a friendly and responsible department has improved its procedures recently.

The complaints are registered at Mumbai, Delhi, Bangalore, Chennai and Pune. The latest Citizen Charter issued by the Income Tax department, the Government of India provides for the details of the contact numbers and address of the concerned authorities.

The Income Tax department aims to redress the complaints immediately within a very short time after registering of the complaint.

Procedure of filing complaint:

Complaint regarding Income Tax Refund can be done online from 2012-2013. One has to download the response sheet for failure of Income Tax refund. For the purpose of doing so one needs to visit the website of the Income Tax department, login his account by giving his Permanent Account Number as well as his password. Thereafter he has to select CPC refund failure status and select the assessment year. The rest of the job will be done by the Income Tax department.

The Online Refund Status is a very nice service given to the people by the Income Tax department. Refund is such an issue which bothers the common people to a great extent. The Income Tax department is also very much concerned with the refund process. There are many people who are really eager to know their refund status .The online process is an immense help for them.

Friends Who Help you to Pay Taxes with Care

Most of the earning member who is under the Tax slab they have to pay taxes for income to the serviceable counterpart of state or union. This is the usual way of taxpaying to the government. The tax is a monetary indict upon an individual to the serviceable counterpart of state or union. There are many types of tax such as Taxes on income which includes capital gains tax, corporate tax, property tax, Expatriation tax, transfer tax, inheritance tax, income tax,   wealth tax, value added tax, sales tax, excessive and many more to say. These taxes may have the form of direct and indirect. It can be said the tax is a forced involuntary donation to put into effect in nature of the government of a state or union. There are many tax consulting firms India which is working around the globe to help the people to understand about tax and its amount he or she have to pay. They are professional in nature and can give vital opinion regarding the tax and how to pay less or how to safeguard your money from the government by using preventive measures.

The services offered include online tax filing India, Tax filing India,  Tax Consulting Services India, Online Tax Services India, online tax calculator India, and many more. The tax consulting firms India are providing online services mostly. These forms contain chartered accountant, corporate financial advisor and tax consultants and also for further more better service Income tax consultant India, Tax consultant India, Professional tax consultants India has been always beside you to guide in right paths. The teams are generally skilled in the tax related issues. These financial firms help in creating company in India, starting a business, registering of the foreign companies, getting approval for foreign investment, corporate requirement, accounts outsourcing, auditing, business taxation and many more. Most of the firms in India do the above services. They handle the complex issues regarding employment extra parts or sometime involvement of a foreign national in a company.

Most of the foreign entrepreneurs provide training and development to companies and their professional of joint ventures and technology transfer through them. The liberalization of the Indian economy helped this. To help these companies and Indian nationals these firms are established. The sometimes tie up with corporate companies to meet up their needs and to understand the legal environment of business in India because Indian govt. have power to regulate and restrict the movement and presence of foreign investments in India. Govt. Imposes and regulates through ministries like finance, home and corporate affairs. RBI is also involved with them. These firms are very much essential in India as the play a bridge in between the govt. and company to understand and create good relationship so both can get benefited from it.

The Image Saver of the Rules and Regulation Indian Financial Institutions

 

The tax is a contribution which most of the citizens have to give irrespective of the status. Every citizen pays taxes to the government which is in form of direct or indirect. There might be a possibility that a person may miss some information regarding paying taxes or paying large amount of taxes without knowing that they can get rebates if they do certain management. These tips and tricks many taxpayers don’t know or failed to keep in mind when filing cases. So professionals who are expert in tax related matters they made up firms to give relief to them who are in need of help to save from the pain of tax.

These firms offer services of high  professional tours are  Income tax consultant India, Tax consultant India, Professional tax consultants India and more. These people offer the best services of tax filing India , Tax Consulting Services India, If they have a website of their firm the offer services like an online tax calculator India, online tax filing India, Online Tax Services India. These services are sometimes paid and free as per their client. Most of these firms serve the corporate body than the individual. That doesn’t mean if any individual approach to them they will not pay service to them. Tax consulting firms India functions as an intermediate between the government and the individual to pay taxes and be responsible citizens in India.

There are many types of tax such as Taxes on income which includes capital gains tax, corporate tax, property tax, Expatriation tax, transfer tax, inheritance tax, income tax,   wealth tax, value added tax, sales tax, excessive and many more to say. These taxes are collected from the citizens or non citizens who are directly or indirectly involve in the beneficiary of financial or non financial services in the territory of Indian Govt. After the financial liberalization by the Govt. Of India many foreign investors are showing willingness in to invest money in India.

These firms, which are consist of experienced skilled and well informed chartered accountant, corporate financial advisor and tax consults   to make these foreign investors to understand the framers of the financial constitution of India. They also give them updates regarding the rules, regulation and policy formulation of India for the benefit and restriction on investment and financial transaction in India. These firms also involve in helping in the creation of the corporate body, helps an individual or a company to start and run their business smoothly. Jobs like accounts outsourcing, approval of company forms the government backups for the corporate these also come in the part of their work. They work with these corporations in joint venture to help them swiftly. These consulting firms help the countries financial image to remain good as far as possible by serving their clients with quality services.

Tips that will help salaried men to save taxes for the financial year 2012-2013

Before we discuss the “tax planning tips”, we need to understand the “tax slabs”. This will help us in making a better and detailed planning.

For a salaried man the tax slab for financial year 2012-2013 is mentioned as below:

For an income up to Rs. 2, 00,000 there are not taxes levied.

For an income range of Rs 2, 00,000 to Rs, 5, 00,000 a tax of 10% will be levied.

For an income range Rs. 5, 00,001 to 10, 00,000 a tax of 20% will be levied.

Any income above Rs. 10, 00,000 will attract a tax of 30%.

Also, a surcharge of 3% will be levied on final tax computation.

Where and how can you save taxes?

• ·         Under Section 80 C

You can invest up to an amount of Rs 1, 00,000. The deduction in yearly premium is only possible if the yearly premium is less than 10% of the Assured Sum, when it crosses the limit of 10% then the deductions will not beavailable under this section.

Various options to save taxes would be ELSS, Public Provident Fund, Employees Provident Fund, and Fixed Deposit for 5 years, Post Office SB, Infrastructure Bonds, Tuition fees of children and other expenditure on their education (barring Donations or Developmental Fee).

• ·         Under Section 80 CCD

You can get a deduction of 10% of the basic salary provided your employer contributes to your NPS account. NPS withdrawals are taxable though the returns are tax-free.

• ·         Under Section 80 D

When you pay a premium for any Tax consultant India yourself or for any of your dependents, then you get an exemption of Rest. 15,000.

If you pay a cost of Rs. 5,000 towards health check-up of self or any of the dependents then you get an exemption.

If you have a Senior Citizen who is depend on you then you can also get an exemption up to Rs. 20,000 towards the health check and any other medical expenditure you incur.

• ·         Under Section 80 DD

You can get a maximum deduction allowance up to an amount of Rs.50, 000 for the treatment or rehabilitation of disabled dependent and the deduction is increased up to Rs 1,000,000 if the extent of disability is severe.

• ·         Under Section 80 DDB

A deduction of Rs.40, 000 is given towards the treatment of life threatening diseases like Cancer or AIDS, however, this amount is increased up to Rs.60, 000 if the person is a Senior Citizen.

• ·         Under Section 80E

Deduction is allowed for repaying the interest of component of Education Loan beyond classXII.

• ·         Under Section 80 G

You may get an exemption of 25% or 50% or 75% or even 100% when you make donations to various charities and or political parties.

Apart from the above mentioned you may also get deductions on HRA, Conveyance allowance and other mode of income and expenditure depending upon the criteria of Various Sections.

Online Tax Services makes your tax returns easy

People want to take advice from tax consultants when the time comes to pay tax. They go for tax specialists. Today many Online Tax Services are there which twenty-four hours in your service are. They try their best to make easy your tax preparation and return filling process. Undoubtedly, you can go with online tax consultants make your tax return. Making tax online is not a hard task. You can just do everything with the software available. 

May be some are thinking it is easy to fill the tax papers by hands because earlier everything was done with hands and papers. Now a day all are computerized. We can say computers make everything easy. Many of the tax services offer tax preparation and e-feeling service simultaneously. It is easier to make online tax returns using online tools than making it by hands. Moreover, e filling is safer, cheaper and faster. You can surely fill the necessary steps without any difficulties with online tools and application. It will make your filling easy by going systematically. Online tool provides you the application form and help you filling it. It has some tax related questions that you have to fill. The software will ask some question regarding the tax service and you have to answer those. 

If you are thinking whether you will able to get any tax deduction on Online tax filing India then, do not worry, the program will get you know if any kind of tax deduction you are going to get seeing your situation. You have to choose your deduction reasonably, so that no one can claim you later.     

                                                      

Besides all of these your have to file your return before the date and IRS will confirm your returns within 48 hours of submitting your return.  

If you are worried of refunding then you should select direct deposit option so that you will get your refund deposited directly in your bank account.

Laws of tax are not constant. It keeps on changing. So it is difficult for a common man to prepare and fill tax returns without the knowledge of every rules and regulation. So in this situation you must take the help of an experienced Tax Consulting Firms India. You have to pay an amount to the firms. However, it will remove all your anxieties and worries.

So choose a firm that has experience of years or you can search online to choose a firm that will help you in all possible ways. Make a list of the firms and then chose according to your requirements. Tax Consulting Services India has specialized in different tax consulting fields like accountancy, tax dispute settlement, tax planning and preparation etc.  You have to select the one which will be best suit to your needs.