Filing & Returns

ITR Filing
Income Tax Return

File your Income Tax Return accurately and on time with expert CA support. Individual, business, NRI, company - all types of ITR covered.

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Due: 31st July / 31st Oct
All ITR Forms Covered
Filed in 24–48 Hours
Overview

What is ITR Filing?

ITR (Income Tax Return) is a form where taxpayers report their income, deductions, and tax paid to the Income Tax Department of India. It is an annual declaration of your income from all sources and the tax liability thereon.

Filing is mandatory for individuals with income above ₹2.5 lakh, companies (all), firms, and others as specified under the Income Tax Act. Even if your income is below the threshold, filing may be required in certain cases such as having foreign assets, signing as a director, or having TDS deducted.

India has multiple ITR forms - from ITR-1 (simple salary income) to ITR-7 (trusts/exempt entities). Our CA team identifies the correct form, maximizes deductions, and ensures accurate and timely e-filing.

Salaried Individuals

ITR-1 / ITR-2 for salary, house property and capital gains

Business Owners

ITR-3 / ITR-4 for business income, proprietorship, professionals

Companies & LLPs

ITR-5 / ITR-6 for companies, firms and LLPs

NRIs

ITR-2 / ITR-3 for NRIs with India-sourced income

Why File

Benefits of Filing ITR

Proof of Income

ITR acknowledgment is widely accepted as income proof for loans, visas, credit cards and government applications.

Loan & Visa Processing

Banks require 2–3 years of ITR for home loans, business loans. Embassies require ITR for visa applications.

Claim Tax Refunds

If excess TDS has been deducted from your income, filing ITR is the only way to claim a refund from the Income Tax Department.

Carry Forward Losses

Business losses, capital losses can only be carried forward to offset future gains if ITR is filed before the due date.

Financial Record

ITR creates a clean financial track record - important for business expansion, tenancy agreements and future investments.

Avoid Penalties

Avoid ₹5,000 late filing fee under Section 234F (₹1,000 if income below ₹5 lakh). Also avoid scrutiny notices.

Requirements

Documents Required

Basic Documents

  • PAN Card
  • Aadhaar Card
  • Form 16 (for salaried employees)
  • Form 26AS and AIS (Annual Information Statement)
  • Bank statements (all accounts)

Additional Documents

  • Investment proofs (80C, 80D, NPS, etc.)
  • Interest certificates (home loan, savings bank)
  • Business P&L and Balance Sheet (if applicable)
  • Capital gains statements (shares, mutual funds, property)
  • Rental income details (if property owned)
How It Works

ITR Filing Process

1

Document Collection

Submit all documents securely

2

Income Computation

CA computes income from all heads

3

Deduction Identification

Maximize 80C, 80D and other deductions

4

Tax Calculation

Calculate tax liability under old and new regime

5

Return Preparation

Prepare the correct ITR form with all schedules

6

E-Filing

File on Income Tax portal and pay any balance tax

7

E-Verification

Verify via Aadhaar OTP or bank EVC

FAQ

Frequently Asked Questions

ITR-1 (Sahaj) is for salaried individuals with income from salary, one house property, and other sources (interest) up to ₹50 lakh. ITR-2 is for individuals and HUFs having capital gains, more than one house property, or foreign income/assets. Our CA will identify the correct form based on your specific income profile.
Under Section 234F, a late filing fee of ₹5,000 is levied if the return is filed after the due date. However, if total income does not exceed ₹5 lakh, the fee is restricted to ₹1,000. Additionally, interest under Section 234A is charged at 1% per month on the tax payable from the due date.
Yes, you can file a belated return under Section 139(4) until 31st December of the relevant assessment year (e.g., 31st December 2025 for FY 2024-25). However, losses (other than house property loss) cannot be carried forward in a belated return. Late fees and interest will apply.
AIS (Annual Information Statement) is a comprehensive statement available on the Income Tax portal that summarizes all financial transactions reported against your PAN - including salary, dividends, interest, mutual fund transactions, securities, GST turnover, and more. It should be reconciled with your ITR to avoid mismatch notices from the department.

File Your ITR Today

Don't wait for the last minute. Get your income tax return filed accurately by our CA team - quickly and hassle-free.

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