About This Plan
Select this plan if you have incurred a profit or a loss from sale of cryptocurrency in addition to salary/business income and need expert assistance in filing IT return for the same. This plan is not for intra-day or derivative traders.
- Tax filing for individuals with Short/Long Term Capital Gains from sale of cryptocurrency
- Expert Assisted Tax Filing
- Business Hours CA Support – Email and Phone
- Excludes transactions in foreign exchanges
Who Should Buy
- Salaried Individuals
- Financial Traders
- Business owners
How It’s Done
- Purchase of plan
- Upload documents
- Financial Statements Preparation
- Review computation sheet
- Return filed & acknowledgement generated
Documents To Be Submitted
Bank statements for the financial year
Income and Expense statements
What is the due date to file business returns?
In case tax audit is applicable the due date is 30th September otherwise it is 31st July.
I am running a business. I wish to know what is advance tax and when do i need to pay it?
The assessment of income of an year can be made only after year has passed, advance tax is pre payment of your tax liability in the year it is earned. If the tax liability is more than Rs 10,000 in a financial year then advance tax needs to be paid by assessee. The due dates are
- 15th June(15%)
- 15th September(45%)
- 15th December (75%)
- 15th March (100%)
Under this plan ClearTax experts will help you access your advance tax liability and assist you in its timely payment.
Can I file a revised return to correct a mistake in original return filed?
Yes, return can be revised within a period of one year from the end of the relevant assessment year or before completion of the assessment whichever is earlier. Filing of revised return is not part of the plan. Plan buyer is required to provide full and accurate details to avoid the need for any rectification in the originally filed return.
Am I required to keep a copy of the return filed as proof and for how long?
Yes, under the Income-tax Act legal proceedings can be initiated up to 4 to 6 years (depending upon case to case) prior to the current financial year. However, in certain cases the proceedings can be initiated even after 6 years, hence, it is advised to preserve the copy of return for at least 6 years or maintain it as long as possible.
Are Audit and Financial statements preparation covered in the plan?
Prior to return filing, a summary consolidating all financial transactions is prepared. Day to day bookkeeping and audit does not form part of the plan. However on request ClearTax team can assist with appointing a qualified Chartered Accountant eligible for providing audit services.