Income Tax Return Filling Services
Services Offered for ITR Filing
Documents Required for ITR Filing
Benefits of filling your Income Tax Returns
Salaried Income Tax Filling
Individuals earning income through employment, whether from a single employer or multiple employers as per threshold limit are required to file ITR. This includes individuals receiving salary, wages, bonuses, commissions, or other forms of compensation.
Self-Employed Income Tax Filling
Self-employed individuals, such as freelancers, consultants, and independent contractors, must file ITR to report their business income and expenses. This includes individuals operating as sole proprietors or freelancing in various professions.
Business & Profession Income Tax filling
Business entities, including sole proprietorships, partnerships, corporations, and Limited Liability Partnership to file Income Tax Returns (ITRs) to report their business income, deductions, and credits.
Capital Gain Income Tax Filling
As a resident with capital gains, you're required to file ITR to declare these earnings to the tax authorities. Capital gains can arise from various sources, including real estate transactions, investments in stocks and mutual funds, and the sale of valuable assets.
NRI Income Tax Filling
Non-residents who earn income from outside India, such as wages, salaries, or business income, may be required to file ITR depending on their residency status and the type of income earned.
Documents Required for ITR Filing
- • PAN Card
• Aadhar card
• Form16
• Form 16A/Form -16B
• Bank Statement.
Benefits by Filing Your Income Tax Return
- Availing Tax Deductions and Credits: Income tax returns provide opportunities to claim various deductions and credits available under the tax laws. By accurately reporting your income and expenses, you can reduce your taxable income and potentially lower your tax liability.
- Claiming Tax Refunds: Filing your income tax returns allows you to claim tax refunds for any excess tax paid during the financial year. Refunds can provide a significant financial boost, helping you cover expenses, invest, or save for future goals.
- Avoiding Late fees:Failure to file Income Tax Returns can lead to penalties A delay in filing ITR makes you liable to pay a fee of up to 5,000 INR.
- Loan Approvals: Many financial institutions require ITRs as proof of income for loan approval. Whether you're applying for a home loan, car loan, or personal loan, having filed ITRs demonstrates your financial stability and creditworthiness.
