UIN Original price was: 2,499.00 ₹.Current price is: 1,499.00 ₹.
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Income Tax Notice
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Income Tax Returns

Benefits of Filing Income Tax Returns:

Filing your income tax return is mandatory for individuals and entities whose income exceeds the threshold limit as defined in the Income Tax Act, 1961. Here are some key benefits of filing ITR:

  1. Avoid Penalty:
    • Failing to file your ITR by the due date can result in penalties up to INR 10,000 under Section 234F. Timely filing helps you avoid these penalties.
  2. Prevent Tax Notices:
    • Non-filing of ITR may lead to tax notices from the Income Tax Department. Timely submission keeps you in good standing and avoids complications.
  3. Claim TDS Refund:
    • If tax has been deducted at source (TDS) by your employer or clients, filing ITR allows you to claim refunds for excess TDS paid.
  4. Ease of Loan Approval:
    • ITR is often required by banks and financial institutions during loan applications. It demonstrates your financial credibility, making loan approvals easier.
  5. Carry Forward Losses:
    • Timely filing of ITR allows you to carry forward business and capital losses to offset future income, ultimately saving taxes

Original price was: 2,499.00 ₹.Current price is: 1,499.00 ₹.

Required Documents
  1. PAN Card: A valid Permanent Account Number.
  2. Bank Statement: Recent bank statements for income verification.
  3. Form 16 & 16A: These forms are provided by your employer and detail the tax deducted at source.
  4. Digital Signature Certificate: Required for e-filing, especially for companies and certain individuals.
Services

Filing of ITR-4 of a person earning business or professional income who have opted for presumptive income scheme

Description

Income Tax Returns (ITR) are forms that individuals and entities must submit to the Income Tax Department of India to report their income, expenses, and tax liabilities for a financial year. There are several types of ITR forms, each designed for specific categories of taxpayers based on their income sources and structure. Below are the different types of ITR forms available for filing:

  1. ITR 1:
    • Designed for individuals earning income from salary, pension, house property, or other sources with a total income of up to INR 50 lakhs.
  2. ITR 2:
    • Intended for Individuals and Hindu Undivided Families (HUF) with income from salary, pension, house property, capital gains, foreign assets/income, or other sources.
  3. ITR 3:
    • Meant for Individuals and HUF with income from profits and gains of business or profession (PGBP).
  4. ITR 4:
    • For Individuals or HUF having income from PGBP who have opted for the presumptive income scheme.
  5. ITR 5:
    • Applicable for firms, Limited Liability Partnerships (LLPs), Body of Individuals (BOI), and Associations of Persons (AOP).
  6. ITR 6:
    • For all types of companies such as Public Limited Companies, Private Limited Companies, and One Person Companies (OPC), excluding Section 8 Companies.

ITR Filing Process:

  1. Upload Required Documents:
    • Start by uploading all necessary documents for ITR filing on our web portal.
  2. Select Package and Payment:
    • Choose the suitable service package and pay online through various available payment modes.
  3. Application Assignment:
    • Upon placing the order, your application is assigned to a dedicated professional.
  4. Income Computation Preparation:
    • Our professional team prepares the computation of income and calculates your net tax liability.
  5. Generate Income Tax Challan:
    • After confirmation, an income tax challan for payment is generated.
  6. File ITR:
    • Post tax payment, we file your income tax return and send you the ITR-V via email.

Filing your Income Tax Return not only fulfills legal obligations but also benefits you in various ways, from avoiding penalties to facilitating loans and refunds. Let our team assist you in the process to ensure compliance and ease of management.