ITR Filing

Tax Pain: Nothing hurts more than paying income tax, except when you don't have to pay it.

— well, congratulations and welcome if you belong to the first lot

And here we are, to help you banish all your tax worries and bring harmony to your financial world.

The Income Tax Return (ITR), refers to the form that taxpayers use to provide details about their income earned and the applicable taxes to the income tax department.

We have seven different forms establised by the Income Tax department: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7) which are designed to accommodate various types of taxpayers, including individuals, HUFs, and companies.

The specific ITR form that a taxpayer should use depends on factors such as the

  • sources of income,
  • the amount of income earned, and
  • the taxpayer’s category.

File ITR in India If

  • Gross annual income exceeds basic exemption limit.
  • Seeking income tax refund.
  • Earned from or invested in foreign assets.
  • Applying for visa or loan.
  • Taxpayer is a company or firm.
  • Losses need to be carried forward.

Additionally, file ITR even if income is below exemption limit, but meet these conditions:

  • Deposited over Rs. 1 crore in ‘current’ bank account.
  • Deposited over Rs. 50 lakh in ‘savings’ bank account.
  • Spent over Rs. 2 lakh on foreign travel.
  • Electricity expenditure exceeds Rs. 1 lakh.
  • TDS or TCS exceeds Rs. 25,000 (Rs. 50,000 for seniors).
  • Business turnover exceeds Rs. 60 lakh.
  • Professional income exceeds Rs. 10 lakh.

How well do we serve you?

  1. Assisted Filing
    • Receive expert guidance every step of the way
    • Assistance with intricate tax computations and complexities
    • Personalized tax-saving tips to maximize your benefits
  2. Tax Planning
    • Unlock 10+ customized tips to save more money
    • Explore tax-saving strategies beyond 80C deductions
    • Discover hacks to build wealth for a prosperous future
  3. Self e Filing
    • Experience hassle-free ITR filing on your own terms
    • Effortlessly pre-fill data from the IT Department
    • Automatically extract information from your Form-16
    • Optimize your tax savings with ease
  4. For ENTERPRISES
    • GST Solutions
    • Help you maximize your ITC benefits
    • Invoice Discounting
    • Streamline your invoicing process with ease
    • E-Invoicing & E-Way Bill
    • Stay compliant with seamless electronic invoicing
    • TDS Capture
    • Efficiently manage your TDS obligations
  5. For INDIVIDUALS
    • ITR Filing
    • Effortlessly file your income tax returns
    • Tax Planning
    • Receive personalized tax planning advice
    • Black (Save & Invest)
    • Explore opportunities to save and invest wisely
  6. More Services
    • Invoicing for SMEs
    • Tailored invoicing solutions for small and medium-sized enterprises
    • Specialized products designed for tax professionals
    • Tax Consultant Services
    • Navigate the complexities of crypto taxation with ease
    • Help you discover investment opportunities in mutual funds

And more…

— Rest assured, our vigilant guardians stand firm, securing your information with unwavering resolve.

Commence Your Filing Journey!

Whatever you need, we’ve got it at our fingertip!

Don’t have Form 16?
Don’t worry! We’ll fetch your information from the IT Department and assist you with filing your returns.

Hopped between jobs within a single financial year?
No worries! Upload multiple Form-16s and file your returns seamlessly.

Self Employed?
For the self-starters, you can manually file your tax returns without uploading Form-16. You also have the option to upload Form 26AS.

Earning from Business?
If you have income from trading, speculative activities, or presumptive sources, fret not. You can file your returns by including all these aspects.

Invested in Stocks & Mutual Funds?
Simply provide us with your P&L Report, and we’ll automatically fill in all the necessary data to help you file your returns.

Receiving a Pension?
Include your pension details on the Income Sources Page. Don’t forget to add any other earned interest, if applicable.

Earning Interest?
Make sure to mention your interest income details on the income sources page.

Earning From Abroad?
Share your foreign income details under income sources, and we’ll guide you through the process of filing your returns.

Be Rest Assured of the Confidentiality!
Just dive into the filing process, and we’ll take care of selecting the best plan for you automatically.

So let’s slay those taxes, get that tax return shining, and unlock some sweet perks along the way!

 

All the non-senior citizens mandatorily need to file their income tax returns online: The Income Tax Department wants you to fill out the income tax return, which spills the beans on your income and taxes from April Fools’ to March Madness. There are seven different forms to choose from, depending on how fat your wallet is, your source of income and the category to which you, as a taxpayer belong to.

Yes, TDS and filing a tax return are like two separate legal buddies that need your attention. Paying income tax on your taxable income is a fundamental requirement, as dictated by the provisions of the Income Tax Act. However, alongside this obligation, there exists a distinct process known as filing a tax return. Consider it as a means to demonstrate compliance with tax regulations, ensuring that all applicable taxes have been duly paid. The significance of the tax return document extends beyond mere compliance. Its value becomes evident when seeking financial assistance, such as securing a loan, or even when embarking upon international ventures like visa applications.

The government has rolled out seven different forms: ITR 1, 2, 3, 4, 5, 6, and 7. ITR-1 to ITR-4 are for individuals and HUFs. Depending on your income and where it’s coming from, you gotta pick the right form from this bunch. ITR-5 is specifically for partnership firms, LLPs, AOP, BoI, AJP, estates of deceased or insolvents, business trusts, and investment funds. ITR-6 is the go-to form for all the companies. However, if your company claims an exemption for income from property held for charitable or religious purposes, then it’s ITR-7 for you And hey, if you’re e-filing with our awesome firm, we’ve got your back. We’ll automatically figure out the correct income tax return form for you. So, sit back, relax, and let us handle the tax form seamlessly!

The Income Tax Department provides a convenient option to pay directly through their website. Using either your net-banking account or debit card, you can utilize challan 280 for the payment. Here’s a breakdown of the payment types for different tax scenarios: For Advance Tax: Use payment type (100) Advance Tax. For Self-Assessment Tax: Opt for payment type (300) Self Assessment Tax. For Regular Assessment Tax: Select payment type (400) Tax on Regular Assessment Tax.

Call For More Info 7003873409

Let’s Schedule Consultation