With My Legal Clinic, you're going to get the best accounting and legal professionals in India who will work to fulfil your requirements. The entire process is 100% digital and hassle-free. Our team strives to ensure that our services are delivered within the shortest span of time. We are known for our impeccable service delivery standards. Here is a description of how the overall process looks like:
I received the name of My Legal Clinic from one of my acquaintances and contacted them that very day to see whether they might assist me in registering my private limited company. I was concerned about the money because I had already invested much in my business. However, their fees are really reasonable, and the service is excellent.
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When I first started my business, I realised I needed to file for GST. To be honest, I was perplexed. I felt it would be a great idea to contact a professional firm because I am usually preoccupied with my business. My Legal Clinic, on the other hand, proved to be really wonderful in their GST job. They handled everything with ease.
In case of individual, it is necessary to file Income Tax Return whose income exceeds the basic exemption limit or those who are fulfilling certain criteria as prescribed by Income Tax Act.
Form 16 is certificate issued by employer to its employee which gives account of the salary paid, TDS deducted and all information considered for calculating the tax of the employee. It is issued after filing of return of Tax Deducted at Source for the last quarter of the financial year.
If you missed the due date of filing the Income tax return, the same can still be submitted as "belated income tax return" within the last date of the assessment year. For example, if the last date to file Income Tax return for FY 2021-22 for an individual is 31.07.2022, then a belated return of that individual can be filed till 31.03.2023 after payment of fine as prescribed under Income Tax Act.
Some of the benefits of filing Income Tax Return are
If you file your ITR after the deadline, then a late filing fee will be levied. With effect from FY 2020-21, penalty for late filing of ITR is Rs. 5,000 or Rs. 1,000. Rs. 5,000 is levied if total income does not exceed Rs 5 lakhs.