Tax season has just hit the clock! In India, the period from June to July of every relevant financial year is called the tax season. The last day to submit the income tax return for the relevant financial year is 31 July.
There are different tax slabs for the different income levels in India. If your income is below Rs 2.5 Lakh per annum, you are exempt from paying taxes. Yet it will be better if you file your taxes, as your income tax return records can serve as proof when you apply for a visa or loan.
From AY 2019-20, it is mandatory that you file your return online. Offline return filing is only permitted if you are 80 years of age and above.
Tax return e-filing is a very important but tedious process. There are several documents to refer to, numerous tax terms to understand and various tax laws to apply. Therefore, people tend to drag their feet when it comes to tax filing.
Waiting for the last minute to file your return might lead to a delay in your ITR processing. You might even receive an income tax notice. H&R Block, your tax expert is here to help.
H&R Block is a world leader in tax preparation. You can sit back and relax while we file your income tax return accurately, and on time!
Here are eight ways how H&R Block make e-filing easy:
1. Form 16 for e-filing
You can simply upload the Form 16 on our specialised software, which will read it and automatically prepare your ITR. All you must do is verify the information and submit it to finish your e-filing.
2. Multiple Form 16s
Changed your job in the previous year? This can make your e-filing cumbersome since you must compile data required from different sources and make sure that you don’t claim any deductions twice.
With H&R Block, it is easy to file your return when you have multiple Form 16s. Simply upload the documents and our tax experts will file the return on your behalf.
3. Data extraction from 26AS
Tax credit Statement or Form 26AS, it is important for e-filing your tax returns as it contains details about your Tax Deducted at Source (TDS). This contains TDS from salary and payment along with TDS on different sources of incomes like a savings account.
H&R Block can pull your information from Form 26AS to e-file your tax returns. Moreover, this makes sure you do not miss any information related to your TDS.
4. E-filing House Property Income and Capital Gains
You might have an income other than salary. Often there is income from house property or capital gains. These might be from the selling of mutual funds or as rental income from your house or sale of stock. These various sources of income are included in your income tax as well.
H&R Block is well equipped to handle such cases and has various guides and plans for you.
5. E-filing for Freelancers and Businesses
Are you not a salaried individual? e-Filing of tax is for every person, that is why H&R Block deals with e-filing for freelancers, professionals, and businesses. Freelancers may as well e-file their presumptive tax return u/s 44ADA on H&R Block.
Our guides on presumptive taxation have all the information you could need to e-file your taxes.
6. NRI e-filing
If you are a Non-Resident Indian, your ITR can be complicated. You may receive income in your bank account in the country where you reside, but if the income you earn is in India then its taxation will be done in India. You will have to file your returns as an NRI and declare your income.
H&R block is ever ready to help you with their guides and tools for NRI taxation.
7. Filing U.S. Taxes
H&R Block not only provides taxation for India, H&R Block also has special service called “U.S. taxes filing in India” where you can get your U.S. taxes prepared and filed in India. The assistance of qualified tax advisors having expertise in Indian and US taxation will help you optimize your total taxes.
8. More than Income Tax Returns
H&R Block is one of the safest companies to share your details, H&R Block makes sure your data is not revealed to anyone inside the organisation or outside. Moreover, the data you share with us is completely safe. You can access it anytime as it is stored on the secure and encrypted cloud software.
We have an ever-ready army of tax experts who can handle the most complex cases you can throw at them. Hire an expert for income tax e-filing.
H&R Block simplifies the tedious job of e-filing your ITRs. It is just a matter of a few minutes and you will be done with your e-filing on H&R Block.