services

ITR Filing

899/- Onwards (excl. taxes)

Why do you need ITR Filing service?

  • When applying for business loans, lenders might ask you to submit your business ITRs
  • It can be used as your income proof
  • It is necessary to file ITR if you intend to claim tax refund for the excess tax you may have paid while making investments in tax saving instruments

ITR Filing Details

  1. The process to file ITR is the same across India and is online
  2. Each year income tax rates are announced by the government in the annual budget. Hence, the rates may vary from year to year
FAQs

“Financial Year (FY)” is the year starting on 1st April and ending on 31st March. The “Assessment Year (AY)” is the year coming after the FY. Financial Year is the year in which the income is earned and the Assessment Year is the year in which the income is assessed and tax returns are filed.

Yes, if possible you should always keep digital copies of filed ITR as they might be required for reference purposes. However, if it is not possible to maintain them in such a format, then you should keep their copies at least for the next 8 years.

Yes, the entire process is online and it can be filed through the official website www.incometaxindiaefiling.gov.in. Also, you can pay your income tax liability online. Furthermore, the acknowledgement copy of the filed ITR can also be downloaded through the official website.

Few important forms are as follows:

  • ITR 3: For individuals and HUFs having income from a proprietary business or profession
  • ITR 4: For Business & Profession to whom presumptive taxation is applicable and hence, are not required to maintain books of accounts.
  • ITR 6: For Companies