At SS Rekhi, we provide complete legal
consultation for various financial and revenue acts of governments and
assistance for appropriately filing income tax return including e-returns.
We also provide legal consultation on various methods of tax rebates
provided by the government.
According to Income Tax Act 1961 as amended till date, income tax is a tax
paid on personal income by a person whose total income exceeds a maximum
exempted limit. The chargeable rate is prescribed in the Finance Act. Filing
of Income Tax Returns (ITR) is a legal obligation of every person whose
total income has exceeded the maximum not chargeable amount for income tax.
There are different ITR to file income returns, depending on profession,
business, property, etc.
There are several provisions to make income tax obligatory for a person.
Some of these provisions include ownership of immovable property, motor
vehicle, telephone, credit card, club membership, etc. In addition, there
are provisions for tax rebates by the government. Some of the common
tax-saving instruments are General Provident Fund (GPF), NSC/NSS, Public
Provident Fund (PPF), Life Insurance Premium, Employee's Provident Fund
Scheme, etc.
At
SS Rekhi, we provide complete assistance to clients in getting their
Permanent Account Number or PAN card, which is mandatory instrument issued
by the Government of India to negotiate any economic or financial
transaction with Government financial and banking institutions. As for
example, PAN number is must for all those who file their income tax returns
with any income tax authority in India. 
We
take pride in offering value added Accounting services to growing and
changing businesses in different industries across the globe.
