Income Tax Return (ITR) Filling
Starting from ₹1,000 + GST
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Income Tax Return (ITR) Filling
Income tax return (ITR) filing is one of the important processes that is regulated by the Indian government for individuals and entities that have income above a certain threshold. Filing of ITR allows taxpayers to declare their income claim applicable deductions and also pay if there is any tax liability applicable to them.
One should understand the importance of this financial formality as it has a significant role in financial management and it includes claiming funds application for loans and also ensures that there is compliance with the task regulation that is regulated by the government of India.
Benefits of Filing ITR Return
Claim Tax Funds
Necessary for Loans and Credit Cards
Visa Applications
Proof of Income
Avoid Penalties
Process of Filing ITR
Gather all the essential documents
Before filing your RTR make sure that you have all the necessary documents that are required while filling your ITR form. All the documents are mentioned above.
The correct ITR Form
There are different forms based on your income sources. You need to select the right one depending on which age criteria and income criteria you fall into.
Register into the Income Tax e-Filing Portal
After the selection of the correct ITR form, register using your PAN card number if you are a first-time user or login to the portal using your existing credentials.
Fill in the necessary information
After registering and logging in to the portal, fill up the ITR form with information like your name, address PAN number, Aadhaar number, salary, business income, capital gains, interest income, etc. Also enter The eligible deductions under sections like 80C ( PPF, LIC).
Verify Your Tax Liability
After filling in the required information your tax liability will be automatically calculated based on the details you have provided. You can update the payment details in your ITR. And if you are eligible for a refund the amount will be processed after a return is filed.
Submit the ITR
Finally, review your form and submit it.
Documents required for ITR filing
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PAN card
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Aadhar card
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Form 16
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Bank statements
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TDS certificate
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Interest Certificates
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Capital Gain Details
Frequently Asked Questions
Have a look at the answers to the most asked questions.