The amount of money you earn through your business, you need to pay a certain amount of your income to the government for providing you with the infrastructure for the business. Therefore, as a responsible business person of this country, you should be inclined to file business income returns on a timely basis and also, consistently.

Yes, there are many documents that you will have to produce while filing your business income return. At the time of filing your Business Income Returns, you will also have to submit some documents that are very much mandatory to produce. So, you can find all the details you need regarding the documents you need to submit on our website.

You should abstain from paying excess tax returns and that is why you can consult with us before filing your Business Income Returns. However, if you have made the blunder of filing an excess tax, then you will be able to get that extra payment back. You will not have to worry because your extra payment of tax will surely be refunded to you.

Filing Business Income Returns will provide you with multiple benefits. You will get easy loan approvals from the banks for your business. Apart from that, there are so many other benefits that you can avail. That is why you should be inclined towards filing Business Income Returns even more and that too on a consistent basis.

You can file Business Income Returns multiple times in a financial year. The income tax department of India did not put a cap on the number of times you can file the business income return. However, in this case, you should also be aware that the first business income return you will file will only be seen as the original and the others as revised filing.

Filing business income returns can be a complex job and there are many processes that you have to go through which might make you a bit dumbstruck. This is where TaxOnTrack comes in with the best experts who have multiple years of experience in handling business income return filing for businesses. TaxOnTrack will guide you through the entire process.

The business income return file is an important document and it has multiple uses for businesses apart from showing your tax payment record. One such great advantage of filing a business income return is that you can show your business income return file receipt as address proof of the business premise. It will be an important document for address proof.

There is a myth around the business owners about the number of times one has to file Business Income Returns to get the bank loan approved. Most people think that filing a business income return thrice is enough to get the bank loan approved. But the fact of the matter is you need to file the business income return for three years for that.

As a freelancer of any trade, you might not have a trade license. However, you are earning a good income from your work. In this scenario, it is your responsibility to pay income tax to the government. So, if you are a freelancer or a professional of any trade, you may not file Business Income Returns every year.

When you apply for a loan from a bank or any other financial institution for your business expansion, they will first check various things about your business income and whether you have any other loan or not. In this case, if you can show the records of filing Business Income Returns for three years, then the chances of your loan approval will increase.