Income Tax

Billakanti Services Consultants are filing the Income Tax Returns for all the assesses by taking into account the different sources of Income . We receive our clients in order to provide the quick and accurate service which satisfies our clients to consult us periodically.

We specialize in Income Tax Services for Companies, Partnership Firms and individuals. We assist the clients in optimizing their tax planning and ensure that they meet all the onerous compliance requirements. We provide you with advice on all aspects of personal taxation.

Income tax is an annual tax on income. The Indian Income Tax Act provides that in respect of the total income of the previous year of every person, income tax shall be charged for the corresponding assessment year at the rates laid down by the Finance Act for that assessment year.

The Income tax Act further provides that for the purpose of charge of income tax and computation of total income all income shall be classified under the following heads of income:

A. Salaries

B. Income from house property

C. Profits and gains of business or profession.

D. Capital gains

E. Income from other sources

Income Tax Notices:

Generally, the Income Tax Office issues certain notices which will be dealt by Billakanti services Consultants in a very professional way in order to provide the best service to our reliable customers. Billakanti services deals with all the notices issued by the Income Tax Department by taking the whole and sole responsibility in solving the issues raised by IT Department.

Income tax notices are sent by the Income Tax Department for various reasons like non filing income tax return, defect in filing of tax return or other instances where the tax department requires additional information or documents. On receiving an income tax notice, there is no reason to be alarmed or frightened. However, the taxpayer must take steps to understand the nature of notice, the request or order in the notice and take steps to comply.

Billakanti Services offers a comprehensive service for families and businesses to help them maintain their tax compliance. In case you receive an income tax notice, get in touch with a Tax Expert at Billakanti Services to better understand the income tax notice and determine a course of action. You can send a copy of the tax notice and question to info@billakanti.com. Our Tax Experts can then advice you on the type of notice received and provide support in helping you comply with the tax notice or order.