Not only is filing returns mandatory in many cases, but it also helps you in claiming tax benefits.
In Income Tax Return, individuals can claim deductions, get their TDS or tax paid adjusted, while businesses can not only claim deductions for expenses, but also set off and carry forward the losses for future years. Click here to know more about Income Tax returns.
TDS Returns are mandatory to be filed for every quarter. Form 16 and 16A is mandatory to be submitted to deductees. Click here to know more about TDS.
VAT/CST Returns reflect the amount of VAT or CST collected and paid by your business and the credit allowed for the VAT paid on purchases. Click here to know more about VAT/CST.
Service Tax Returns reflect the amount of service tax collected and paid on services provided and received so that credit can be allowed and adjusted towards payment of service tax to the government. Click here to know more about Service Tax.