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Income Tax Return Individual Resident

We take care of everything, so you don’t have to worry about your taxes anymore

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Why Income Tax return need to file?

Income Tax return filling is legal requirement in India as per Income tax Act 1961 The following taxpayers are required to file a mandatory income tax return are listed below:

Any private, public, foreign, domestic company.
Any Limited Liability Partnership (LLP) and unlimited liability partnership.
Any total individual income is exceeding the exemption limit.
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Advantages of Filling Income tax return
Legal Requirement by Income Tax Act 1961 – for individual & HUF -If gross total income Exceeding 2,50,000/-then shall have to file return
For firm & companies- even if no income return filing mandatory
Claiming refund
Carry-forward of losses
Establishing income proof in compensation cases
Helps the bank loan documentation process easier
Credit Card Processing
For a hassle-free visa application procedure
Makes life easier for freelancers and Professional
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Disadvantages of a Non Filling Income tax return
Losses cannot be carried forward.
Deductions under Chapter – VI A cannot be claim
Interest under Section 234
Loss on refund of Taxes (Financial loss)
Best judgment assessment (Assessment under section 144):
Penalty for Concealment of Income
Prosecution for Failure to Furnish Return of Income u/s 276CC

Our Packages

Income Tax Return Salaried

Exclusive Government Fees
Starting at ₹ 1500GST will be charged at 18%
  • Salaried Income
  • House Property Income
  • Other Source Of Income
  • Capital Gain Income

Income Tax Return Capital Gains

Exclusive Government Fees
Starting at ₹ 2000GST will be charged at 18%
  • Salaried Income
  • House Property Income
  • Other Sources Of Income
  • Capital Gain Income

Income Tax Return Business

Exclusive Government Fees
Starting at ₹ 3000GST will be charged at 18%
  • Salaried Income
  • House Property Income
  • Other Sources Of Income
  • Business Income (Turnover)

Documents Required For Income Tax Return Individual Resident

Copy of PAN
Banks Accounts details / statements of all bank accounts (including Joint Accounts)
Signed copy of Special Resolution provided by us
Form 16 received from Employer (if available)
Form 16 A received form Deductor (if available)
Details of Investments made / Mediclaim (To claim Deduction or to lessen your tax burden)
Aadhar Number (Mandatory)
Passport Number ( if you have visited outside India in last financial year)
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Process Involved

STEP – 1
Documentation

Documents are provided by the client

STEP – 2

Computation of Income

Based on above documents Income is calculated and sent to client for confirmation

STEP – 3

Calculation of Tax Payable

Tax payable is calculated based on Income

STEP – 4

Payment of Tax

Computation of Tax is sent to client and informed for payment

STEP – 5

Preparation of Return

Income Tax Return is prepared and tax details are feeded

STEP – 6

Submission of Return

Prepared income tax return is uploaded to income tax portal using clients id and password

Get in touch

You won’t have to worry about missing a tax deduction or wasting hours of time doing your taxes by hand

We take care of everything, so you don’t have to worry about your taxes anymore

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+91 888-210-1000
FAQs

The return of income can be filed with the Income-tax Department in any of the following modes.
• By furnishing the return in a paper form.
• By furnishing the return electronically under a digital signature or Aadhaar OTP.

Return of income can be filed either in hard copy at the local office of the Income-tax Department or can be electronically filed at www.incometax.gov.in

In case of queries on e-filing of return, the taxpayer can contact us at 8882101000

Yes, provided the original return has been filed before the due date and the Department has not completed the assessment. It is expected that the mistake in the original return is of a genuine and bona fide nature and not rectification of any deliberate mistake. However, a belated return (being a return filed after the due date) cannot be revised.

Yes, if one could not file the return of income on or before the prescribed due date, then he can file a belated return. A belated return can be filed within a period of one year from the end of the assessment year or before completion of the assessment, whichever is earlier. Return filed after the prescribed due date is called as a belated return.

Filing of return is your duty and earns for you the dignity of consciously contributing to the development of the nation. Apart from this, your income-tax returns validate your credit worthiness before financial institutions and make it possible for you to access many financial benefits such as bank credits, etc.

Filing of return with digital signature is mandatory for: (a) Every company; (b) A firm or an individual or HUF who are required to get their accounts audited under section 44AB; (c) A Political Party its income exceeds the limit, without claiming exemptions under Section 13A, which is not chargeable to tax]

It can be found either on the Form 16/16A or in the 26AS tax credit statement available on https://eportal.incometax.gov.in/iec/foservices/#/pre-login/knowYourTAN Income Tax website.

click on Services>Know your AO given on the home page of www.incometax.gov.in or use the following link https://eportal.incometax.gov.in/iec/foservices/#/pre-login/knowYourAO to know your jurisdictional Assessing officer

No, all salaried taxpayers can’t choose ITR-1 for filing tax returns from Assessment Year 2013-14 onwards. They can choose ITR-1 only if they are claiming exemption under sec. 10 (e.g. HRA, Conveyance allowance, etc.) up to Rs 5,000 or less. So, if taxpayer is claiming any exemption under sec. 10 which exceeds Rs. 5,000, he cannot file return of income in ITR-1 (As per amended Rule 12 of income-tax rules).

Yes, only 5 returns can be filed using the same email-id or same mobile number.

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