Individual and Business Tax Filings

Introduction about the Individual and Business Tax Filings

Every Indian national has to follow the Indian tax return system. Even if there are non-resident Indians who are working in another country have to pay the income tax. There are a few rules, filings, financial mechanisms, and documentation to be taken care of.

Individual Tax Filing

An individual is liable to pay tax, depending on the residential status in that particular financial year. According to the Indian tax laws, every individual’s taxation depends on the residential status.

ROR (Resident and ordinary resident) is subject to tax on his worldwide income, regardless of the country it is received.

RNOR (Resident but not ordinarily resident) is only liable to pay the tax for the income that has accrued in the country.

NR (Non-resident in India) is only liable to pay the tax for the income that has accrued in the country.

Business Tax Filing

Businesses operating in the country are liable to file their income tax return every financial year. Businesses might also have to file the TDS return and pay the taxes in advance to comply with the norms under the Income Tax Act.

There are multiple taxation rules for revenue, GST, PAN, TAN, and other services. Regardless of the type of business incorporation, filing your income tax return is an important part

Fellow Tax solves all your queries and hindrances w.r.t to the taxation guidelines and regulations. Whether you are a corporate entity or an individual, all your problems will come to an end here.

We aim to provide all kinds of services related to the Indian tax system, along with real-time support. Our team of experts is always reachable in case you have any doubts.

We always ask for the complete documents in the beginning so that there’s no delay or hassle. Our methods are transparent, and we believe in 100% customer satisfaction. Whether you are an individual or a business entity, we will make sure your taxes are filed on time!