How can I file my Income Tax Return (ITR) online in India?

You can file your income tax return online by submitting your income details, Form 16, bank statements, and deduction proofs. Our experts ensure accurate and timely ITR filing as per the Income Tax Act, 1961.

Who should file an income tax return?

Any persons being Individuals, salaried employees, freelancers, business owners, partnership firms, LLP, trusts, societies, companies and artificial jurisdictional persons whose income exceeds the basic exemption limit must file an Income Tax Return under the Income Tax Act, 1961.

What should I do if I receive a notice from the Income Tax Department?

If you receive a notice, you must respond within the prescribed time limit. We help draft and submit proper replies online to avoid penalties and legal consequences.

How can I file an appeal against an income tax assessment order?

If you are aggrieved by an assessment order, you can file an appeal before the appropriate authority under the Income Tax Act, 1961. Our tax professionals assist in preparing and filing appeals.

What services are included in online income tax consultancy?

Our services include ITR filing, reply to notices, rectification, revision applications, appeal matters, transfer pricing compliance, and trust/NGO registrations.

Who needs transfer pricing compliance in India?

Businesses involved in international transactions or transactions with associated enterprises must comply with transfer pricing regulations to avoid penalties.

How can a trust, society, or Section 8 company get tax registration?

Trusts, societies, and Section 8 companies can apply for registration under Sections 12A/12AB and 80G to claim income tax exemptions. We provide complete end-to-end registration support.

Can small businesses and professionals get affordable tax services?

Yes, our platform is designed to provide subsidized and affordable tax consultancy services for SMEs, startups, professionals, and individuals.

What documents are required for Income Tax Return filing?

Common documents include PAN card, Aadhaar, Form 16, bank statements, investment proofs, and details of other income such as capital gains or business income.

Why choose Income Tax Online for tax-related matters?

Income Tax Online is managed by experienced tax consultants offering reliable, affordable, and professional services for return filing, reply to notices, appeals, registrations and compliance across India.

"The Hardest thing to Understand in the World is the Income Tax"

albert einstein

"what the government gives it must first take away"

johns coleman

"today, it takes more brains and effort to make out the income-tax form than it does to make the income"

alfred e .neuman

"next to being shot at and missed nothing is really quite as satisfying as an income tax refund"

f . j . raymond

"tax complexity itself is a kind of tax"

max baucus

"reducing the tax burden is neccessary to produce economic growth"

bob schaffer

"taxes are paid in the sweat of every man who labors"

franklin d roosevelt

"in this world nothing can be said to certain except death and taxes"

benjamin fraklin

"we have a system that increasingly taxes work and subsidizes non work"

milton friedman

"taxation is the price which civilized communities pay for the opportunity of remaining civilized"

albert bushnell hart

"paying tax is not a punishment it's a responsibility"

chris matthews

"a fine is a tax for doing something wrong. a tax is a fine for doing something right"

anonymous

"the income tax created more criminals than any other single act of government"

barry goldwater

"some tax payers close their eyes, some stop their ears, some shut their mouths but all pay through the nose"

evan esar

"collecting more taxes than is absolutely necessary is legalized robbery"

calvin coolidge

"the best things in life are free, but sooner or later the government will find a way to tax them"

anonymous

"in levying taxes and in shearing sheep it is well to stop when you get down to the skin"

austin o'malley

"taxation without representation is tyranny"

john grisham

"you don't pay taxes they take taxes"

chris rock

"government's view of the economy could be summed up in a few short phrases: if it moves, tax it. if it keeps moving, regulate it and if it stops moving, subsidize it"

ronald reagan

"it's a game. we tax lawyers teach the rich how to play it so they can stay rich and the irs keeps changing the rules so we can keep getting rich teaching them"

john grisham

"no government can exist without taxation. this money must necessarily be levied on the people; and the grand art consists of levying so as not to oppress"

frederick the great

"the power to tax is the power to destroy"

john marshall

"the hardest thing to understand in the world is the income tax"

albert einstein

"the difference between tax avoidance and tax evasion is the thickness of a prison wall"

denis healey

Show Cause Notice - Valuation of Asset etc under section 142A

During the Income tax case of any person the Income tax Officer may ask the Valuation Officer to estimate the value, including fair market value, of any asset, property or investment of such person and submit a copy of report to him. The valuation officer in return issue notice(s) under section 142A to the said person for taking information about that asset, property or investment or it can be said that the valuation officer gives opportunity to the person to submit his / her point, afterwards on receipt of valuation report by Income tax Officer from valuation officer, the notice under section 142A is also issued by the Income tax Officer to the person to put forth his contentions before him.

Frequently Asked Questions

A notice under Section 142A is issued when the Income Tax Department appoints a Valuation Officer to determine the fair market value of assets, property, or investments.

You may receive this notice when the tax officer doubts the declared value of your property, asset, or investment and wants an independent valuation report.

The notice can be issued by the Valuation Officer for gathering asset details and by the Income Tax Officer to seek explanation based on the valuation report.

Generally, property purchase documents, valuation reports, investment proof, construction cost details, and financial records are required.

Non-response may lead to reassessment, addition of income, penalties, or further legal action by the Income Tax Department.

Enquire Now!

"The Hardest thing to Understand in the World is the Income Tax"

albert einstein

"what the government gives it must first take away"

johns coleman

"today, it takes more brains and effort to make out the income-tax form than it does to make the income"

alfred e .neuman

"next to being shot at and missed nothing is really quite as satisfying as an income tax refund"

f . j . raymond

"tax complexity itself is a kind of tax"

max baucus

"reducing the tax burden is neccessary to produce economic growth"

bob schaffer

"taxes are paid in the sweat of every man who labors"

franklin d roosevelt

"in this world nothing can be said to certain except death and taxes"

benjamin fraklin

"we have a system that increasingly taxes work and subsidizes non work"

milton friedman

"taxation is the price which civilized communities pay for the opportunity of remaining civilized"

albert bushnell hart

"paying tax is not a punishment it's a responsibility"

chris matthews

"a fine is a tax for doing something wrong. a tax is a fine for doing something right"

anonymous

"the income tax created more criminals than any other single act of government"

barry goldwater

"some tax payers close their eyes, some stop their ears, some shut their mouths but all pay through the nose"

evan esar

"collecting more taxes than is absolutely necessary is legalized robbery"

calvin coolidge

"the best things in life are free, but sooner or later the government will find a way to tax them"

anonymous

"in levying taxes and in shearing sheep it is well to stop when you get down to the skin"

austin o'malley

"taxation without representation is tyranny"

john grisham

"you don't pay taxes they take taxes"

chris rock

"government's view of the economy could be summed up in a few short phrases: if it moves, tax it. if it keeps moving, regulate it and if it stops moving, subsidize it"

ronald reagan

"it's a game. we tax lawyers teach the rich how to play it so they can stay rich and the irs keeps changing the rules so we can keep getting rich teaching them"

john grisham

"no government can exist without taxation. this money must necessarily be levied on the people; and the grand art consists of levying so as not to oppress"

frederick the great

"the power to tax is the power to destroy"

john marshall

"the hardest thing to understand in the world is the income tax"

albert einstein

"the difference between tax avoidance and tax evasion is the thickness of a prison wall"

denis healey

Frequently Asked Questions

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