It is statutory liability that a tax return should be duly filled and signed by the individual and in case of a company or partnership by authorized director or partner. Accounting firms help individuals, as well as corporations, partnerships firms and other organizations to fill accurate tax returns on time. These professionals also help the companies prepare their tax returns.
A tax return form is filled for paying tax to the central or state government. This form helps in computing the actual tax liability. It includes all the related paperwork that is required for making tax remittance to the government. The form is provided by the government (taxation authority) to citizens for filing in the details of :
• Income earned
• Expenses incurred
• Deductions & rebates