Every Startup Needs to file Income Tax Return – a video

[embedplusvideo height=”400″ width=”600″ editlink=”http://bit.ly/1g0Rhnc” standard=”http://www.youtube.com/v/Xa4rXj9u3AY?fs=1&vq=hd720″ vars=”ytid=Xa4rXj9u3AY&width=600&height=400&start=&stop=&rs=w&hd=1&autoplay=0&react=0&chapters=&notes=” id=”ep4630″ /] Today we will discuss about the Income Tax where every start up need to file Income Tax Return or not. There is necessary for every start ups to file ITR within the due dates according to the IT Act. There is a penalty for not filling the IT within the due date.   Another important thing is that every start up or small business in their initial days may incur losses, they can carry forward and claim for future profits only by filling the ITR. In case of any diligence you can actually save taxes in future. The third point is that when there will be due diligence process for future funding you would need to show a copy of ITR that you are in compliance. Thus we suggest ITR for start ups even though they have revenues. So every start up should go for ITR filling within the due date in compliance. _____________________________________________________________________________________________ Feel free to write to us,at [info@taxmantra.com] or call us at +91 88208208 11.