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Income Tax Returns

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Income Tax Returns

File Your ITR Accurately and On-Time with Expert Assistance

Every individual and business earning income in India is required to file Income Tax Returns (ITR) as per the Income Tax Act, 1961. Filing ITR is not just a legal obligation but also helps in availing loans, visas, and ensuring smooth financial compliance.

What is Income Tax Return (ITR)?

An Income Tax Return is a form filed with the Income Tax Department declaring your income, deductions, and taxes payable/refundable for a financial year.

It applies to:

  • Individuals

  • Hindu Undivided Families (HUFs)

  • Firms & Companies

  • LLPs & Partnerships

  • Trusts & Societies

Types of ITR Forms

  • ITR-1 (Sahaj) – For individuals with income from salary, one house property, and other sources (up to ₹50 lakhs).

  • ITR-2 – For individuals & HUFs not carrying business/profession income.

  • ITR-3 – For individuals/HUFs having income from business or profession.

  • ITR-4 (Sugam) – For individuals, HUFs, and firms opting for presumptive taxation.

  • ITR-5 – For firms, LLPs, AOPs, BOIs.

  • ITR-6 – For companies (other than those claiming exemption under section 11).

  • ITR-7 – For trusts, political parties, charitable institutions, etc.

Who Should File ITR?

✅ Individuals earning above the basic exemption limit (₹2.5L / ₹3L / ₹5L depending on age).
✅ Companies, LLPs, and firms irrespective of income/profit.
✅ Residents with foreign assets or foreign income.
✅ Individuals seeking tax refunds.
✅ If you wish to carry forward losses.
✅ If annual bank deposits, foreign travel, or electricity expenses exceed prescribed limits.

Documents Required for ITR Filing

✔️ PAN & Aadhaar Card
✔️ Form 16 / Salary slips
✔️ Bank statements
✔️ Investment proofs (LIC, PF, ELSS, NPS, etc.)
✔️ Capital gains details (Shares, Mutual Funds, Property)
✔️ TDS certificates (Form 26AS, AIS, TIS)
✔️ Business/Professional income details
✔️ Rental income details (if any)

Benefits of Filing ITR

✅ Legal compliance & avoidance of penalties
✅ Smooth loan approval from banks/NBFCs
✅ Faster visa processing for foreign travel
✅ Claim refunds on excess TDS deducted
✅ Helps in creating a financial record
✅ Carry forward of business or capital losses

Due Dates for ITR Filing (FY 2024-25 / AY 2025-26)

  • Individuals / HUFs / Non-audit cases – 31st July 2025

  • Audit cases – 31st October 2025

  • Transfer Pricing cases – 30th November 2025

(Late filing may attract penalty under Section 234F and interest under Sections 234A/B/C.)

Why Choose Us for ITR Filing?

  • 📌 Professional tax experts for accurate filing

  • 📌 Ensure maximum tax savings with proper deductions

  • 📌 Filing across all ITR forms (Individuals, Firms, Companies, Trusts)

  • 📌 Error-free filing with Form 26AS reconciliation

  • 📌 Quick, hassle-free, and confidential process

  • 📌 24/7 support for queries & tax planning