Income Tax and GST Filing

Your Trusted Income Tax & GST Filing Platform in India

Get assisted  Income Tax & GST filing and registration by qualified tax experts.

Our dedicated team of Income Tax & GST consultants is here to guide you through every step of the Income Tax & GST filing process. We understand the importance of accurate documentation and compliance, ensuring that your Income Tax & GST filing is completed with ease.

​Discover How Income Tax Filing Works with
Karn Associate

Income tax is a tax imposed by the government on the income earned by individuals and businesses within its jurisdiction. The tax rates may vary based on the amount of income earned and the taxpayer’s filing status. Here’s a general process for filing income tax:

01
Gathering Documents
Collect all necessary documents including W-2 forms (for employees), 1099 forms (for contractors), investment income statements, and any other relevant financial documents.
02
Choose Filing Method
Decide whether to file taxes online through tax preparation software, hire a tax professional, or file manually by mail.
03
Prepare Tax Return
Fill out the appropriate tax forms, such as Form 1040 or its variants, and report all sources of income, deductions, and credits.
04
Calculate Tax Liability
Determine the total amount of tax owed based on the income and deductions reported.
05
Submit Return
File the tax return with the relevant tax authority by the due date, Extensions may be available upon request.
06
Payment
If taxes are owed, make the payment by the due date to avoid penalties and interest charges.

​Discover How Income GST Filing Works with
Karn Associate

GST is a value-added tax levied on the supply of goods and services at each stage of the production and distribution process. It aims to streamline the taxation system by replacing multiple indirect taxes levied by the central and state governments. Here’s how to file GST

Step 1: Registration
Register for GST with the tax authority if your business meets the threshold requirements for registration.
Step2: Maintain Records
Keep detailed records of all sales, purchases, and input tax credits to accurately report GST liabilities.
Step3: Filing Returns
File GST returns online through the GST portal within the specified deadlines. The frequency of filing returns depends on the type of taxpayer and their turnover.
Step4: Payment
Pay the GST liability by the due date to avoid penalties and interest charges. Payment can be made electronically through the GST portal.

Both income tax and GST filing require careful attention to detail and compliance with the relevant tax laws and regulations. It’s advisable to seek professional assistance if you’re unsure about any aspect of the filing process.