Income Tax Return (ITR) Filing Services

Filing your Income Tax Return (ITR) is a critical financial responsibility for individuals and businesses in India. Our expert ITR filing services ensure timely, accurate, and hassle‑free compliance with Indian tax regulations. Whether you are a salaried individual, self‑employed professional, or business owner, we provide personalized support tailored to your income profile and financial goals.

What is ITR Filing?

An Income Tax Return (ITR) is a formal declaration submitted to the Income Tax Department to report your income, deductions, tax payments, and financial liabilities for a specific financial year. It is applicable to individuals, Hindu Undivided Families (HUFs), businesses, companies, and other entities.

Why Filing ITR is Important

• Legal Compliance: Mandatory for individuals above the basic exemption limit.
• Tax Refunds: Enables claiming refunds for excess TDS or advance tax paid.
• Proof of Income: Essential for applying for loans, credit cards, or visas.
• Loss Carry Forward: Allows carrying forward business or capital losses.
• Avoid Penalties: Late filing may attract penalties up to ₹10,000.
• Financial Discipline: Encourages transparency and timely tax management.

Who Must File ITR?

• Individuals: With income above ₹2.5 lakh (₹3 lakh for senior citizens, ₹5 lakh for super senior citizens).
• Businesses & Firms: All registered firms, even if no profit is earned.
• Freelancers & Self‑Employed: Professionals earning above the exemption limit.
• Non‑Resident Indians (NRIs): Having taxable income in India.
• Other Entities: Trusts, political parties, HUFs, and institutions.

ITR Forms – Which One to Use?

• ITR‑1 (Sahaj): For individuals with salary income, one house property, and interest income up to ₹50 lakh.
• ITR‑2: For individuals and HUFs with capital gains, multiple properties, or foreign assets.
• ITR‑3: For individuals/HUFs earning from business or profession.
• ITR‑4 (Sugam): For presumptive income scheme filers with income up to ₹50 lakh.
• ITR‑5: For LLPs, partnerships, and non‑individual entities.
• ITR‑6: For companies (except those under Section 11).
• ITR‑7: For trusts, political parties, and institutions filing under Sections 139(4A)–139(4F).

Documents Required for ITR Filing

• PAN Card and Aadhaar (linked)
• Form 16 (for salaried individuals)
• TDS certificates (Form 16A/B/C)
• Bank statements and interest certificates
• Investment proofs (LIC, PPF, ELSS, etc.)
• Capital gains statements (if applicable)
• Self‑assessment or advance tax payment receipts
• Home loan interest certificates (if applicable)

ITR Filing Deadlines

• Individuals & Non‑Audit Entities: July 31
• Businesses Requiring Audit: October 31
• Companies with Transfer Pricing: November 30

Penalties for Late ITR Filing

• Late Fee (Section 234F): ₹5,000 if filed after due date but before Dec 31, ₹10,000 after; ₹1,000 for income below ₹5 lakh.
• Interest (Section 234A): Charged on unpaid tax amounts.
• Loss of Carry Forward: Disallowed if return is not filed on time.

Why File Your ITR on Time

• Avoid late fees and interest penalties.
• Get faster tax refunds.
• Meet requirements for loans, credit cards, or visas.
• Preserve the ability to carry forward losses to future years.

Take the stress out of tax season by trusting our professional ITR filing services. From selecting the right form to preparing and filing your return accurately and on time, we ensure complete compliance and peace of mind.

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