Income Tax Return Filing
We offer assistance with filing your Income Tax Return through professional services, all from the comfort of your own home.
TYPES OF INCOME TAX RETURNS
ITR 1
ITR-1, also known as the "Sahaj" form, is an income tax return form used by individual taxpayers in India who have income from salaries, one house property, other sources (interest, etc.), and total income up to ₹50 lakh. It's a simplified form aimed at taxpayers with straightforward income sources.
ITR 2
ITR-2 is an income tax return form used by individual taxpayers in India who have income from more than one house property, capital gains, income from foreign assets, and income from business or profession. It is meant for individuals and Hindu Undivided Families (HUFs) who do not have income from profits and gains of business or profession carried out by them.
ITR 3
ITR-3 is an income tax return form used by individuals and Hindu Undivided Families (HUFs) in India who have income from profits and gains of business or profession. Taxpayers using ITR-3 may have income from partnerships, proprietorships, or other sources involving business activities.
ITR 4
ITR-4, also known as Sugam, is an income tax return form used by individuals and Hindu Undivided Families (HUFs) in India who have opted for the presumptive income scheme under Sections 44AD, 44ADA, or 44AE of the Income Tax Act.
ITR 5
ITR-5 is an income tax return form used by firms, LLPs (Limited Liability Partnerships), AOPs (Association of Persons), BOIs (Body of Individuals), artificial juridical persons, cooperative societies, and local authorities in India. It is not applicable to individuals or HUFs (Hindu Undivided Families)
ITR 6
ITR-6 is an income tax return form used by companies other than those claiming exemption under Section 11 (income from property held for charitable or religious purposes). In India, companies that are not claiming exemption under Section 11 of the Income Tax Act, such as companies with business income, capital gains, income from other sources, etc., are required to file their income tax returns using ITR-6.
5 BENEFITS OF FILING INCOME TAX RETURN
According to income tax regulations, it is obligatory for every individual or entity with income surpassing the specified threshold in the Income Tax Act-1961 to file their returns and keep their ITR status updated. There are numerous advantages associated with filing ITR:
1. Avoid Penalties: Failure to file your ITR by the due date, such as July 31, 2018, can result in penalties under section 234F of the Income Tax Act-1961. The penalty starts at ₹ 5,000 and can go up to ₹ 10,000 if filed after December 31, 2018.
2. Prevent Tax Notices: Non-filing of your Income Tax Return may lead to scrutiny and potential tax notices from the Income Tax department, which could lead to legal issues. It is advisable to fulfill your filing obligations promptly.
3. Claim TDS Refunds: If TDS has been deducted from your income by your clients or employers, you may be eligible for a refund. Filing your Income Tax Return allows you to claim excess TDS deducted beyond your actual tax liability.
4. Facilitate Loan Approvals: Banks and financial institutions often require your Income Tax Return as a fundamental document for processing loan applications. Your filed income details demonstrate your financial reliability and can ease the loan sanctioning process.
5. Carry Forward Losses: Timely filing of income tax returns enables you to carry forward business and capital losses incurred during a financial year. These losses can be adjusted against future income, potentially reducing your tax liabilities in subsequent years.
Ensuring compliance with income tax regulations not only fulfills legal requirements but also offers financial benefits and enhances your financial credibility.
What is a Private Limited Company?
ITR FILING PROCESS
Submit the required documents and information through our website.
Select your desired package and make your payment securely online using various available payment methods.
Once you place your order, we assign your task to one of our committed and skilled professionals.
Our skilled team will compute your earnings and assess the amount of taxes you owe after deductions.
After the confirmation, the system will create the income tax challan for the purpose of making income tax payments.
After paying your taxes, complete and submit your income tax return, and then send the ITR-V confirmation receipt via email.
DOCUMENTS REQUIRED FOR COPYRIGHT REGISTRATION
PAN Card
Bank Statement
Form 16 & 16A
DSC
PACKAGES
Business
₹ 1999
Plus taxes
Filing of ITR-4 of a person earning business or professional income who have opted for presumptive income scheme.
Enterprise
₹ -
Plus taxes
Filing of ITR 3, 5 or 6 for LLP, OPC, Companies, Partnership Firms and individuals who have not opted for the presumptive income scheme.
Salary
₹ 999
Plus taxes
Filing of ITR-1 for an individual with salary.
Our Clients
