Income Tax Return Filing

Get your Income Tax Return (ITR) Filed by experienced Chartered Accountants and stay tension free. Just follow the first 2 steps, and our team will do the rest.

Steps Involved in Income Tax Return Filing

  1. Fill the query form
  2. Provide the details required
  3. Preparation of ITR as per details provided
  4. Auditing if required
  5. Pre-filing verification
  6. Filing
  7. Acknowledgment in your inbox

Every person is liable to pay income tax in India if they earn an income over and above of limit define in the law time to time. Such limit is defined by The Finance Minister of India in every Union budget to be applicable on upcoming Financial Year. 

ITR filing is mandatory for some entity such as Companies, Limited Liability Partnership, Partnership, etc. irrespective of their income or loss. 

Income could be earned from any source i.e. Salary, Rent, Business, Profession, Sale of Assets, Interest income or Income from commission etc. 

Benefits of Filing ITR

  1. Avoid Penalties & Interest: Non filing or delayed filing of ITR results in penalty and interest on tax. These extra burden can be waived just by filing tax returns in due time.
  2. Increased Creditability: Most of the Banks and Financial Institution need your ITR for processing of any type of Loan. 
  3. Visa Requirement: Some of the developed countries like United State, United Kingdom ask for your past ITR for grant of Visa to the country.
  4. Carry forward losses: Losses can be carried forward for 8 consecutive years. ITR filing helps in set carry forward your losses to the next years for set off with the income and results in reduced tax liability for the year of set off.

Documents Required To File ITR

For Individuals

  • Aadhar card
  • Pan card
  • Form 16 or Salary Slip (having details of salary)
  • Bank statement
  • Financial Statements (Books of Accounts)
  • Rent Receipt (If Any)
  • Details of transections for sale or purchase of assets
  • Details of Investments made during the financial year

For Partnership and LLP

  • Aadhar card of all partners
  • Pan card of Firm and all partners
  • Bank statement
  • Financial Statements (Books of Accounts)
  • Details of transections for sale or purchase of assets

For Companies

  • Aadhar card of all Directors and Shareholders
  • Pan card of Company and Directors and Shareholders
  • Bank statement
  • Financial Statements (Books of Accounts)
  • Details of transections for sale or purchase of assets

For Charitable Organisations

  • PAN and Aadhar card of all Members / Trustee / Director
  • Pan card of organisation
  • Bank statement
  • Financial Statements (Books of Accounts)
  • Previous Statement if any
  • Details of transections for sale or purchase of assets
SubjectDue Date for ITR
In case Audit not required31st July 
In case Audit is required30th September
In case International Transection and Audit is Required30th November
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