Collect relevant income and deduction details.
Filing your income tax return (ITR) is a mandatory and crucial process for every taxpayer in India. It involves declaring your income, calculating taxes, and claiming eligible deductions as per the Income Tax Act. Timely and accurate income tax return filing ensures compliance and helps you avoid penalties, while also enabling you to claim refunds efficiently.
Managing this process can be challenging with constant updates to tax laws and multiple ITR forms. Professional assistance simplifies ITR filing - ensuring accuracy, compliance, and peace of mind.
Handling your IT return filing through an experienced tax professional ensures:
Avoid errors in reporting income and deductions.
Prevent penalties and interest for late filing.
Identify the correct ITR form for your income type.
Stay updated with current tax regulations.
Ensure your tax refund is processed without delay.
Different taxpayers are required to use different ITR forms based on their income and source. Below is a quick overview:
ITR-1 (Sahaj): For individuals earning up to ₹50 lakh from salary, one house property, or other sources.
ITR-2: For individuals and HUFs with income from capital gains, multiple properties, or foreign income.
ITR-3: For individuals and HUFs carrying on business or profession.
ITR-4 (Sugam): For those opting for presumptive taxation under Sections 44AD, 44ADA, or 44AE.
ITR-5: For partnership firms, LLPs, AOPs, and BOIs.
ITR-6: For apart from those asserting exemption under Section 11.
ITR-7: For entities that are obligated to submit returns in accordance with Sections 139(4A) to 139(4D).
Selecting the correct ITR form is crucial to avoid notices and ensure a smooth processing.
Before beginning your income tax return filing, keep the following documents ready:
PAN and Aadhaar Card
Form 16 or Income Statements
Bank Account Details
Proof of Tax-Saving Investments
Capital Gain or Business Income Statements
Details of Deductions under Sections 80C, 80D, etc.
Collect relevant income and deduction details.
Identify the correct ITR form based on income type.
Compute total tax liability and applicable deductions.
File and verify your ITR online with accuracy.
Provide confirmation and track refund status.
Each step is handled with precision to ensure a smooth ITR filing experience.
Ensure a smooth and accurate income tax return filing experience with professional guidance. File your IT return on time, avoid penalties, and maximize eligible deductions with expert support.