Presumptive Income Tax Filing Service Plan & Pricing

Small Business Income Tax Filing Service Plan & Pricing

Service

Expert assisted Income tax filing for individuals with MSME business turnover below Rs. 2 Crore, profession turnover below Rs. 50 Lakhs, along with single or multiple house properties, single Form-16s, and interest income.
If you have more turnover than above, that is either require a tax audit or otherwise, choose Business Income Tax Filing Plan
Expert support through Email, phone & chat during the business hours.

Who should buy?

Individuals with business turnover below Rs. 2 Crore Or Profession turnover below Rs. 50 Lakhs.
Suits for Freelancers, Professionals, doctors, lawyers, advocates, accountants, engineers, contractors in practice.

Process

Upon receiving the documents, our expert will call you before starting the process.
Expert team will exchange the information thru email and phone calls, if necessary.
Team will send you the Draft Computation Sheet for further review.
Once confirmed, team will e-File your return, and send you the ITR-V acknowledgement.
Estimated Processing Time: 1-2 Days

Documents to be Submitted

PAN Card Copy or related information.
Aadhaar Number.
Full Address or Aadhaar Copy.
e-mail ID & Mobile Number.
Bank Account Number & IFSC Code.
Bank statement with business or profession transactions.
GST turnover details (if applicable)
Business or Profession details.
Investments, Sales and Purchase details.
Any other incomes, Investments or Savings details.
Form 26AS or Income Tax login credentials.

Other Benefits

Every Service comes with the benefits such as

e-File & PDF Report
e-Verification Assistance
Post Service Followup

Important Links

Expert Assisted

Small Business Income

from^Rs.999

Market Price Rs. 2349

Business having Annual Turnover of Rs. 2 Cr. and not liable for a Tax Audit. Profession turnover below Rs. 50L

Business / Profession turnover
- upto Rs. 5 Lakhs - Rs. 999 *
- between Rs. 5 to Rs. 50 Lakhs - Rs. 2499 *
Business turnover between
- Rs. 50L to Rs. 1 Crore - Rs. 2999 *
- Rs. 1 Cr to Rs. 2 Crs - Rs. 3499 *

Need a different Plan ?

Other IT Plans

Presumptive Income Tax Filing Help

Guide FAQs

More ways to get help

Client Reviews

Chithra Kannan
Head Automation & Dev Ops at Thomson Reuters

Impeccable, thorough, prompt Assisted Income Tax Filing from EZTax.in gave me the peace I deserved. Though it was at the peak Tax season, they are able to run the right horses in-time to get what is otherwise a complex tax filing.

Jaya Prakash
Bankok169 Restaurant Chain

Virtual Accounting Services from EZTax.in helped us in handling our accounting thorough and up-to-date.

C Srinivas
Director-CR, ICFAI Business School

Had a great experience in filing my tax with EZTax. It is easy to use with step by step screens. The team provided quick, thorough and friendly support. EZHelp from their Self-Service Tax Filing Solution took care of most of my doubts. One only needs to upload Form 16 in pdf and the software takes care of everything else.

Vijay Krishna V
Oregon Health & Science University, USA

I filed my NRI filing with EZTax.in last year and their support team is the best I experienced so far. Despite I was in USA, they are able to accommodate the communication and coordination.

Kiran Chadalavada
Anuradha Timbers International

We choose EZTax.in Books - GST Ready Accounting Services to minimize our dependency on accounting personnel. Over the time, we realized the advantages of their technology platform from EZTax.in GST. Today, I get my P&L, invoices, payables, & receivables on my mobile, and their Entity 360 view helps me up-to-date on the run, and drive right conversation with my stakeholders. Now, we are in the process of transitioning other businesses to EZTax.in

Small Business Income IT Filing FAQs

A comprehensive list of frequently asked questions on Small Business Income IT Filing using Presumptive Income Scheme.

1.What is Presumptive Income Scheme ?

To give relief to small taxpayers from this tedious work, the Income Tax Act has framed the Presumptive Taxation scheme under sections 44AD, 44AE and 44ADA.

A person adopting the Presumptive Taxation scheme can declare income at a prescribed rate and, in turn, is relieved from tedious job of maintenance of books of account.

2.If my total income including Salary and Business exceeds Rs 2 Crores, Am I eligible under Presumptive scheme ?

Yes, you can opt this scheme, the threshold limit of Rs 2 Crores is applicable only to business income and 50 lakhs to Professional income.

3.Who is liable for Tax Audit?

Every Business whose turnover is more than Rs 1 crore / Rs 50 Lakhs in specified business is required to get Tax Audit.

Update: Starting from FY 2020-21, the threshold limit, for a person carrying on business, is increased from Rs. 1 Crore to Rs 5 Crores for FY 2020-21 and Rs 10 Crores for FY 2021-22 in case when the cash receipt and the payment made during the year does not exceed 5% of the total receipt or payment, as the case may be. In other words, more than 95% of the business transactions should be done through banking channels (read as traceable electronic channels) to avoid tax audit.

Important: Businesses opting for Presumptive Income Scheme do not require a Tax Audit for upto Rs. 2 Crores

4.How can I send documents ?

You can send the soft copies of the required documents to support@eztax.in or upload the documents on EZTax Website.

5.What is the Draft computation sheet ?

It is nothing, but your Income Tax computation sheet prepared by EZTax. In other words it is summary of you Income Tax computation details.

6.How to give confirmation to draft sent by EZTax ?

After receiving draft from EZTax.in through mail, you can revert to that mail with your opinion to proceed further.

7.What is ITR-V acknowledgement ?

ITR-V stands for Income Tax Return Verification Form. You will receive ITR-V when you file your Income Tax Return online.

Online Software

Expert Services

Pricing

Help Center