
All businesses, Salaried Individuals, Companies, firms, trusts and other entityhaving taxable income and running business are required to file income tax return each year. Startup services is one platform offering all range of income tax filings like ITR1, ITR2, ITR3,ITR4,ITR5,ITR6 and ITR7. Startup services can help file income tax return for your business and ensure it remains compliant under the Income Tax Act and Rules. The time taken to file an income tax return for your business is 2 to 6 working days
Types of Income tax returns
An income tax is a tax imposed on individuals or entities for income or profits earned. For partnership and domestic companies are taxable at 30% (plus Surcharge and Health and Education Cess). The tax rate would be 25% if turnover or gross receipt of the company does not exceed Rs. 250 crore in the previous year.