ITR Filing
File your Income Tax return Starting @ Rs.1000 (Professional Fee)
- Free Consultation
- Time: 4-6 working days
- Income Computation
- 100% Online Process
CONTACT US
ITR Filing
Income Tax Return (ITR) is a form which a person is supposed to submit to the Income Tax Department of India. It contains information about the person’s income and the taxes to be paid on it during the year. The ITR filing document serves as an authentic income proof for the people who are self-employed.
A person has to file Income Tax Returns (ITR) if they have a gross total income exceeding the tax exemption limit. It is mandatory to file the income tax returns online for all the registered taxpayers whose taxable income. However, if a person’s income is exempted from tax, filing income tax returns may still have many advantages.
Income Tax department has provided ITR form from ITR-1 to ITR-7 for different categories of Taxpayers. The income tax law mandates the filing of return for those individuals who have a fall within the tax slabs for any particular financial year. Further, certain taxpayers are required to file ITR irrespective of their income.
ADVANTAGES
Address Proof
The Assessment order, is issued by Income Tax department for each assessee who files the annual ITR, which is accepted as address proof.
Useful for Loans
ITR will be a very helpful document for you if you are planning to get a personal loan as banks ask for a three-year ITR while processing a loan for its customers.
Useful for VISA Approval
It helps if an individual is a tax-compliant citizen of the country. It also gives insight to the visa processing officials about your current financial condition and income levels.
Claim Tax Refund
An individual can have tax refunds and get the money back that is deducted at the source if the total gross income from different sources is above Rs 250,000.
PROCEDURE
STEP 1
Ascertain the Requirements
STEP 2
Pay the required fees
STEP 3
Submission of ITR online/offline
STEP 4
Get acknowledgement of income tax return
REQUIREMENTS
Documents
Copy of PAN card.
Valid Indian mobile number.
Details of Financial Interest outside india if any.
Documents
Details of Financial Interest outside india if any.
Email ID of Assessee.
Documents
Form 16/16A if applicable.
Details of tax saving Investment.
Bank Account details.
Documents
Particular of Income from other head of income.
Complete Financial Statement whenever applicable.
PRICE
BASIC
Rs.1000
ITR 1 only
Income from Salary
Income from House Property
Bank/FD Interest/Dividend Income
Does not include Business Income
(Excluding Government Fee and GST)
₹1,000.00Add to cart
STANDARD
Rs.2000
Any Income Included in Basic
+
Long Term/ Short term Capital Gain
(Excluding Government Fee and GST)
₹2,000.00Add to cart
PREMIUM
Rs.3000
All Income included in Basic and Standard Plan
+
Corporate ITR/ Business ITR/ Partnership Firm ITR/ Partners ITR/ Directors ITR/ Income from any Source
(Excluding Government Fee and GST)
₹3,000.00Add to cart
FAQs
1. What is a return of income?
ITR stands for Income Tax Return . It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. It also allows carry -forward of loss and claim refund from income tax department.Different forms of returns of income are prescribed for filing of returns for different
Status and Nature of income.
2. What are the different modes of filing the return of income?
The Return Form can be filed with the Income-tax Department in any of the following ways,
(i) by furnishing the return in a paper form;
(ii) by furnishing the return electronically under digital signature;
(iii) by transmitting the data in the return electronically under electronic verification code;
(iv) by transmitting the data in the return electronically and thereafter submitting the verification of the return in Return Form ITR-V.
3. Will I be put to any disadvantage by filing my return?
No, on the contrary by not filing your return inspite of having taxable income, you will be liable to the penalty and prosecution provisions under the Income-tax Act.
4. What are the benefits of filing my return of income?
Filing of return is your duty and earns for you the dignity of consciously contributing to the development of the nation. Apart from this, your income-tax returns validate your credit worthiness before financial institutions and make it possible for you to access many financial benefits such as bank credits, etc.
5. What are the benefits of e-filing the return of income?
E-filing can be done from any place at any time and it saves time and efforts. It is simple, easy and faster. The e-filed returns are generally processed faster as compared to returns filed manually.
