Tax Return Preparation

Tax Return Preparation

Tax return preparation is the process of gathering financial data, completing tax forms, and submitting returns to tax authorities. The goal is to accurately report income, claim legitimate deductions, and minimize tax liability.

RupyaFin is a valuable resource and a comprehensive tool caters to diverse users, for Individuals & Entities across various sectors, including employees, entrepreneurs, freelancers, small businesses, and corporations. RupyaFin benefits various stakeholders, including individuals with diverse income streams, business owners, freelancers, entrepreneurs, and organizations. Here are some examples of business probably very common:

(These bolded headings should be linkable to fill form to connect us) Self-Employed Individuals: Self-employed individuals, including freelancers, independent contractors, and sole proprietors, can use our platform to connect their Professionals wisely. They may have income from various sources and need to calculate their self-employment tax and income tax.

Small Business Owners or Part-Time Business Owners: Owners of small businesses who file their taxes as self-employed can use RupyaFin, to connect to Right Professionals for getting their estimated tax liability. This includes businesses such as freelancers, consultants, and gig economy workers. Individuals who run small businesses on a part-time basis alongside their regular jobs can get their taxation mayhem, to determine their overall tax situation.

Independent Contractors: Independent professionals in fields such as construction, real estate, and consulting need to calculate their self-employment tax obligations and plan tax payments such as advance tax payments accordingly.

Sole Proprietors: Individual business owners operating as sole proprietors, without establishing a separate legal entity such as an LLP or corporation, can effortlessly and confidently secure tailored taxation solutions.

Online Services Providers, E Commerce Sellers or Freelance Workers: Freelance experts across diverse sectors - graphic design, writing, photography, and web development - can leverage the portal to accurately estimate taxes owed on project earnings. Individuals who sell products digitally, as a side business or as their primary source of income we serve in understanding, their tax obligations.

Cutting Edge Tech : Our Mobile applications enable independent professionals and business in management consulting, financial advisory, marketing strategy, tech consulting, and more to securely connect to their professionals onboarded with us for their project or self-assessment needs.

LLP or Company Owners: Owners ranging from single-member company (OPC), Private Limited Companies to a limited liability partnership (LLPs) who elect to be taxed as Entities, can use our services to estimate both self-assessment and indirect taxes.

Tax Planning: Anyone interested in Tax Planning can access valuable Advice from our network of Expert Professionals, to explore different income scenarios and make informed decisions about their self-employment income and deductions.

RupyaFin empowers self-employed individuals and similar professionals to make informed financial choices by offering accurate estimates of self-employment taxes, income taxes, and available deductions, facilitating proactive financial planning throughout the year. You can explore for deeper insights such as for the type of Forms available with Income Tax Department for your kind source of revenue from operations:

ITR 1 : For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand.

ITR 2 : For Individuals and HUFs not having income from profits and gains of business or profession.

ITR 3 : For individuals and HUFs having income from profits and gains of business or profession.

ITR 4 : For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE and agricultural income upto Rs.5 thousand.

ITR 5 : For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7. They are for Firms, LLP’s, AOP, BOI’s.

ITR 6 : For Companies other than companies claiming exemption under section 11

ITR 7 : Refer Section of Specialised Services OR For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only

Expert Guidance: Find Your Perfect Service Provider

Happy to Serve Support Team