Income Tax Return (ITR) Filing
Stay Compliant | Maximize Refunds | Peace of Mind Guaranteed
What is Income Tax Return?
Filing your Income Tax Return (ITR) is more than a legal formality—it’s a vital step in managing your finances. Whether you’re an individual salaried employee, a freelancer, or a business owner, timely and accurate ITR filing ensures you’re meeting your tax obligations while leveraging tax-saving benefits provided by the government.
An Income Tax Return (ITR) is a formal statement submitted to the Income Tax Department of India, declaring your income, expenses, deductions, exemptions, and taxes paid or payable during a financial year (April to March). Filing this return helps the government assess your tax liability and allows you to claim refunds in case of excess tax paid.
There are different ITR forms (ITR 1 to ITR 7), each designated for specific types of taxpayers and income sources. Choosing the correct form is crucial for a valid submission.
Who Should File an ITR?
- Your total income exceeds ₹2.5 lakhs (₹3 lakhs for senior citizens, ₹5 lakhs for super senior citizens).
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You are a company or LLP, regardless of income/profit.
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You are a freelancer, professional, or self-employed individual.
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You want to claim a refund of TDS deducted.
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You are an NRI with Indian income.
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You have foreign assets or foreign income.
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You’ve made high-value transactions:
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Deposited over ₹1 crore in a bank
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Spent over ₹2 lakhs on foreign travel
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Paid electricity bills over ₹1 lakh in a year
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Benefits of Filing ITR
- Avoid Penalties: Prevent fines up to ₹5,000 and legal action by staying compliant.
Claim Refunds: If your TDS exceeds your actual tax liability, filing helps get that money back.
- Proof of Income: ITRs are accepted as valid income proof for visa applications, banks, and loan processing.
- Easy Loan & Credit Card Approval: ITR is often a mandatory document for home, car, or personal loan processing.
- Carry Forward Losses: Report business or capital losses so you can offset them against future gains.
- Visa & Immigration Requirement: Countries like the US, UK, Canada, and Schengen nations ask for ITRs during visa processing.
- Builds Business Credibility: For self-employed individuals, regular filing adds to financial discipline and transparency.
- Avoid Tax Notices: Filing correct returns reduces the risk of scrutiny or notice from the Income Tax Department.
What Our ITR Filing Service Covers
We provide complete support from document collection to acknowledgment filing. Our ITR service includes:
- Choosing the Correct ITR Form
- Income Computation & Tax Calculation
- Including All Sources of Income (Salary, Rent, Business, Capital Gains, etc.)
- Claiming Deductions (80C, 80D, 80G, etc.)
- Filing with or without Digital Signature
- Generation of ITR-V (Acknowledgment)
- Filing Revised or Belated Returns
- Handling Tax Notices & Rectification Support
- Real-time Support by Tax Experts
Documents Required
- PAN Card
- Aadhaar Card
- Form 16 (for salaried individuals)
- Bank Account Details
- Investment Proofs (if claiming deductions)
- Business income details (if applicable)
- Capital gains statements (if applicable)
- TDS certificates/Form 26AS