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.

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    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
    Indirect Tax & Regulatory (GST & VAT)

    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