File Tax Returns/ IT Returns even if tax is deducted at source (TDS)

Filing of return is the constitutional duty of every individual as it earns the dignity of consciously contributing to the development of the nation. Apart from this Income Tax Returns validate the   credit worthiness of the individual before financial institutions and make it possible for him to access many financial benefits such as bank credits etc. Deduction of TDS is separate from filing of return of income. Under the Indian Income Tax Laws, even if full tax has been deducted at source, there is requirement to file return of income. Non- Filing of return of income attracts penalty. There are cases when the tax has been deducted at source from rent, interest commission or any other income. In case it is refundable one has to file the income tax return in order to claim refund of TDS. Further details of TDS Certificates and all requisite information should be mentioned in the relevant column of income tax return in order to take the benefit of refund. Thus return filing is mandatory in order to claim refund of the tax deducted at source. Tax Returns for Financial Year 2010 -11 (March 2011) has started.  Just mail us Form16/ Salary Certificate and details of other income, at  info@taxmantra.com . We would take it from there to file your return of income. Taxmantra.com provides complete online taxation solutions for individuals ( Tax Returns + Tax Support + Tax Planning ) – please see this – Services Offered. Once you file your tax returns with us, you will agree to the fact that Taxmantra.com provides the most easiest and efficient way of filing tax returns in India. Taxmantra.com- Providing Complete Online Tax Solutions for Individuals, Not Just Returns .

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