The Income Tax Act 1961 and the Income Tax Rules 1962, Notification and circulars issued by CBDT govern the levy & collection of Income Tax. The income of all persons including individuals, Hindu undivided families (HUF), Companies, Firms, Associations of persons, Body of individuals, local authorities and any other artificial juridical persons is taxable in India. The tax computation, preparation and filing of returns, and complying with various statutory requirements etc. are still a huge responsibility and time consuming. We help you to shoulder these responsibilities by doing the following :