Income Tax Return
Income Tax Return Filing Made Simple
File your Income Tax Return accurately and on time with professional assistance. We help salaried individuals, professionals, businesses, and NRIs ensure smooth filing, maximum eligible deductions, and complete tax compliance.
Get a Quote
Overview
Who is required to File the ITR
1. Any Person, whose gross total income exceeds basic exemption limit. Gross total income can be received from many source of income mentioned below:-
- Salary Income
- Income From House Property
- Capital Gain
- Business Income
- Other Sources of Income
The threshold limit of tax exemption varies person to person. As per Income Tax, there are seven types of Persons and it is as follows:-
- Individual Person
- Hindu Undivided Family
- Company
- Partnership Firm
- AOP or BOI
- Local Authority
- Artificial or Juridical Person
2. Who has spent an amount exceeding Rs 2 lakh for travel to a foreign country
3. Total deposits in one or more savings bank accounts are Rs 10 lakh or more during the financial year.
4. Who has paid electricity bill exceeding Rs 1 lakh in a single bill or on aggregate basis during the financial year.
5. Aggregate TDS and TCS during the financial year is Rs 25,000 or more (For senior citizens, this limit is of Rs 50,000)
6. Anyone, who is in receipt of money or any asset, be it movable or immovable, for an amount exceeding Rs. 50,000/-
Advantages of Income Tax Return
Build Compliance, Financial Credibility & Growth
Contribute to Nation Building
By filing your Income Tax Return and paying applicable taxes, you contribute to the country’s development, public infrastructure, and economic growth.
Avoid Future Legal Complications
Timely and accurate ITR filing helps maintain proper tax records and reduces the risk of future notices, penalties, disputes, or legal proceedings.
Proof of Income
An Income Tax Return acts as reliable proof of income and can be used for financial, legal, business, and official purposes.
Claim Income Tax Refunds
When excess tax or TDS has been deducted, filing an ITR allows you to claim the eligible refund from the Income Tax Department.
Revise Your Income Tax Return
A return filed within the prescribed timeline can be revised if any error, omission, or incorrect information is identified later.
Easier Loan Approval
Banks and financial institutions commonly request ITR documents while processing home loans, car loans, education loans, personal loans, and business loans.
What we Offer
Private Limited Company Benefits
Company Formation
Advisory before Company Formation
Advisory Post Company Formation
Money Saving Ideas
Checklist of To Do’s
Our Step-by-Step Process
Simple, Transparent & Efficient
1
Follow-up for required details and documents depending upon source of Income.
e.g. - Bank Statement, Deduction Details If Any, Form 16, Capital Gain Statement Preferred mode of sharing the Information/Documents is the digital and it may be shared via Google drive, whatsapp or emails or any other online mode as may be discussed
2
Updating the required details on Income Tax Portal or Income Tax Software.
The required income, deduction, tax and personal details are updated on the Income Tax Portal or authorised Income Tax Return filing software.
3
Preparation of IT Computation
Computation is prepared according to details received and reconciled with details available on income tax website, such as 26AS, AIS and TIS.
6
E-verification of Income Tax Return
It is generally done via Aadhar OTP, however there are other ways as well.
5
Filing of Income Tax Return
After the receipt of confirmation, the INCOME TAX return is filed. And in case there is some Tax Liability, it is paid before filing of Income Tax Return.
4
Sharing of IT Computation for Review and Confirmation for filing
Follow-up for tax calculation is done here and in case there is any tax liability, the same is discussed
Documents Required for Income Tax Return
Keep Your Documents Ready for Faster Filing
The right documentation helps reduce delays and ensures smooth application processing.
PAN Card, Aadhaar Card, Mobile Number and Email ID
Income Tax Portal Login Details, if PAN is already registered
Bank Statements of All Bank Accounts for the Relevant Financial Year
Form 16 Part B for Salary or Pension Income
Capital Gain Statement for Purchase and Sale of Shares or Mutual Funds
Business Details and Books of Accounts, if Running a Business or Profession
Sale and Purchase Documents of Property, if Applicable
Proof of Tax-Saving Investments, Insurance, Loans, Donations, Medical Expenses and Rent Payments
Details of Directorship Held in Any Company During the Previous Year
Details of Shares Held in Any Unlisted Company
Details of Foreign Income, Assets, Financial Interests or Signing Authority
Details of Cash Deposits Exceeding ₹1 Crore in Bank Accounts
Foreign Travel Details Where Expenses Exceeded ₹2 Lakh
Electricity Bill Details Where Annual Payment Exceeded ₹1 Lakh
Frequently Asked Questions
Your Income Tax Return Questions Answered
ITR will be considered as invalid
Yes, by submitting the response to the defected ITR , the ITR can be filed.
8% (cash) or 6% (non cash) of the turnover or gross receipt.