Do we need to hire a CA to file Tax Returns? Know, how you can file your Tax Returns on your own?

I have gone through the Confusions and Questions of many people that "Do they compulsory required a CA for the filing of Income Tax Returns and other Tax Returns"

So, today we are here to give the answer of this question

You don’t need to hire any CA to file the Tax Returns (in most of the cases) but there are some cases or situations where the signature of CA’s are required. Let’s discuss about the filing guidelines of Main 3 Tax Returns in India:

Income Tax Returns

Income Tax is the most used Tax Concept by every group of Individuals in India. When you cross the certain criteria of Income, you need to File Income Tax Returns

Every Year, Individuals hire CA’s and Tax Consultants to file their returns but over the years the government has made the process of filing so easy that every individual having basic knowledge about Taxation and General English can file it’s ITR 1. But in case of ITR 2 to ITR 7, you need to hire a Professional Tax Consultant. There are many cases where a CA is required like in Tax Audit, Preparation of 15CB, 29B, MAT Audit etc. Most of these forms are not required to submit by the Individuals having normal Income. So, as a conclusion: An Individual having Salaried, House Property, Capital Gain, Professional Income & Other Income doesn’t required to hire any CA to file their returns.

Also not required at the time of Registration

GST (Goods & Service Tax) Returns:

Goods and Service Tax (GST) Returns required highest knowledge of Rules and latest Updation because government always changed minor things and launch major Updation on timely/periodic basis. To file the GST returns, you need good knowledge about its rules because there are separate rules for every group of Taxpayers like: Regular Suppliers, SEZ, Companies, Firms and Composite & Casual Taxpayers etc. So, it’s very tough for a normal Taxpayer to file returns on their own but they can: after gaining detailed theoretical and practical knowledge. Here you don’t need to hire any CA but an Expert Tax Professional can help you more than that and also they will charge less. Only in the case of GSTR 9C (Annual Return), you need the CA’s signature. Apart from that there are only few cases where you need CA to be appointed otherwise remaining processes can be completed by the Individual and Tax Consultant Itself. Also, an individual can register himself/themselves on GST Portal without any external help

TDS Returns:

There is no need to attach any CA Signature or certification to file the returns of TDS. So, it means that the TDS Returns can be filed by anyone having Knowledge about the filing Process but as mentioned above in some cases there is required to hire CA to complete the proceedings but just to file the Quarterly TDS Returns, Rectification, Payments & Demand Corrections, there is no need to Hire any CA.
Also not required at the time of Registration

There are many team members available in our accounts team who are not CA’s but filing Handling Clients, Tax Returns and Accountings since 5 Years. Also they are able for rectification of Demands & Payments of Defaults after the deep research on the same

1. If you have the good knowledge of Online Filing of Tax Returns then you can file it on your own.

2. But you are not aware about this process, you can hire a Professional Accountant & Tax Consultant for the Same

CA’s will charge you higher to file the Tax Returns. They have degree because of which their charges are higher than the others. But being a normal taxpayer, you need not to pay any extra to file above mentioned Tax Returns. If you are able to bear the CA cost & fee then go for it otherwise Hiring a Professional Tax Consultant with good experience of Tax Returns Filing will helps you more and also save your cost

Now, the choice is yours

Hope you like the post and gained lots of knowledge from this article. Do share with your friends and families so that they can also get the benefit

Thanks
Team: Online Knowledge Zone