National Filings

Income Tax Returns (ITR), in its full structure, is an Annual Expense form. This document declares net tax liability, claims tax deductions, and reports gross income. Firms, Hindu Unified Families (HUFs), and self-employed or salaried individuals must submit their ITRs to the Personal Assessment Division of India. The process is simplified when using the services of the National filing company. What is Income Tax Return Filing? Income Tax Return Filing is the process where a taxpayer submits a report of their total income earned in a financial year. Individuals can complete this through the official portal of the Personal Tax Department. There are seven different forms, Income tax return 1 to 7, each serving specific purposes. Why Should You File your Income Tax Return? Filing Income Tax Returns in India is mandatory under various circumstances: Individuals within the income tax brackets. Companies or firms, irrespective of profit or loss. When a tax refund is requested. If a loss und...

  The introduction of Goods and Services Tax (GST) has transformed India's taxation system, consolidating multiple indirect taxes into a single comprehensive tax. For entrepreneurs and businesses in the country, filing GST returns is a critical compliance requirement. However, navigating this process can be challenging without proper guidance. National Filings, India's leading cloud-based business services platform, is committed to helping entrepreneurs effortlessly start and grow their businesses at an affordable cost. In this blog, we will present a step-by-step guide on how to file GST return online, ensuring a streamlined and hassle-free process for entrepreneurs across the nation. Understanding GST Returns Before delving into the filing process, it is crucial to comprehend the concept of GST returns. These are regular statements that businesses registered under GST must file with the tax authorities. They contain details of the taxpayer's purchases, sales, input t...