Overview
SK Auditors is also a registered e-Return Intermediary, duly authorised by Income Tax Department, Ministry of Finance, Government of India. SK Auditors is authorised to file tax returns electronically to the Income Tax Department using a special web service provided by them.
SK Auditors offers tax services to large companies, mid-sized firms, owner managed businesses and individuals. Today, SK Auditors is one of the best personal solution for your taxation needs.
The reputation and popularity of SK Auditors grows every year. SK Auditors is committed to render timely and high quality services and make clients happy - and we strive for this with year-round hard work and continuous improvement.
SK Auditors is committed to the integrity and ethics of Tax legislation as well as trust and positive relationships with our clients. SK Auditors aims to build a quality relationship with every client and we welcome our thousands of loyal clients back every year.
We are always open to feedback, comments or suggestions and we'll constructively listen to anything anybody has to say about us.
Why you should file Income Tax Return
To file an Income Tax Return is an obligation placed on every citizen of India by the Government. However besides this, there are various reasons, why you should file your Income Tax Return.
Income Tax Return is essential for making any investment and goes to prove that you have a valid source of income to make such investment.
When you file Income Tax Return, you create your Financial Record with Income Tax department. This financial / tax history is positively viewed and favourably used by most agencies with whom you may need to interact, such as when you avail any kind of loan (home, personal, vehicle loan) or when you apply for VISA, etc.
Every Individual whose gross total income is more than the Basic Exemption limit is required to file Income Tax Return, even if there is no tax due pending. – Section 139(1)
Basic Exemption Limit for Financial year: 2018-2019
Individuals above the age of 80 years - Rs.5,00,000/-
Individuals above the age of 60 years - Rs.3,00,000/-
Other Individuals - Rs.2,50,000/-Irrespective of the basic exemption limit, if during the year, you –
a) are owning a residential house; or
b) are owning a motor vehicle (other than two-wheeler); or
c) have travelled to any foreign country; or
d) hold a Credit card issued by any bank or institution
you are mandated to file an Income Tax Return, even though you may not have any taxable income.
– Proviso to Section 139(1).It is mandatory to file your Income Tax Return, if you have any Foreign Assets, even though you may not have any taxable income.
If you have a refund due, you need to file your Income Tax Return, to claim this refund.
Failure to file Income Tax Return within one year from the end of the relevant financial year, attracts penalty of Rs.5,000/-, even though tax payable is Nil - Section 271F.
Tax Planning & Preparation
“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”
The tax law provides certain incentives. Our mission is to find those incentives that will help you. We work with corporates, partnerships and individuals to help them with their tax planning and preparation.
Our clients rely on us to handle their complex tax matters.