File your income tax returns accurately and on time with expert assistance, ensuring maximum refunds, zero errors, and complete compliance with Income Tax regulations.
Income tax return filing is a mandatory annual compliance that reports income, deductions, taxes paid, and refunds claimed for a financial year.
Ensures legal tax compliance
Helps claim eligible refunds
Builds clean financial and credit records
Who Should File ITR?
Anyone earning above the basic exemption limit or meeting specific financial criteria must file an Income Tax Return (ITR) in India.
Under the Union Budget 2025, the basic exemption limit under the new tax regime has been revised from ₹3 lakhs to ₹4 lakhs. Additionally, the tax rebate under Section 87A has been increased, offering more relief for taxpayers in the lower-income brackets.
ITR filing applies to a wide range of taxpayers, including:
Salaried Individuals: With annual income exceeding the basic exemption limit
Self-Employed Professionals: Freelancers, consultants, and business owners with taxable income
NRIs: With income earned or received in India
HUFs (Hindu Undivided Families): Earning income from ancestral property or investments
Companies and Firms: Required to file ITRs regardless of profit or loss
Eligibility Criteria for ITR Filing
Benefits of Income Tax Return Filing
Benefits of Income Tax Return Filing include refunds, compliance, and smoother approvals. Here is a detailed outline of the benefits of filing ITR returns:
Tax Refund Claims: Claim excess tax paid directly to your account
Legal Compliance: Avoid notices and penalties by staying fully compliant
Easy Loan Approval: Banks prefer ITR as reliable proof of income
Visa Processing: Many embassies ask for ITR during visa applications
Income Verification: Serves as an official, government-recognised income statement
Carry Forward Losses: Helps reduce future tax by carrying losses forward
Government Tenders: ITR is often required in government contract bids
Quick Document Access: Easy reference for financial planning or official needs.
File Your Income Tax Return with Confidence
Get expert-assisted ITR filing that ensures accuracy, maximises deductions, and keeps you compliant.
Essential Documents for Registration
Proper documentation ensures smooth registration and avoids rejection or delays by the Registrar of Firms.
Salary related documents
Form 16
Salary slips
PAN and Aadhaar card
Form 26AS
Bank statements
Business/Capital Gains related documents
Profit and loss statement
Balance sheet
Capital gains statement (shares, property)
GST returns
Form 26AS
Other income related documents
Investment proofs (LIC, ELSS, PPF)
Rent receipts
Loan interest certificates
Donation receipts
Annual information statement (AIS)
Income Tax Return Filing Deadlines & Penalties
Missing ITR deadlines can lead to penalties and interest, so it's crucial to file on time to stay compliant. Here is a detailed utile of the same:
Types of ITR Forms & Their Applicability
The income tax department has introduced seven ITR forms for FY 2024-25 for different categories of taxpayers. The different ITR forms apply based on income source and taxpayer type.
ITR-1 filing is for Salaried individuals with income up to ₹50 lakh
ITR-2 filing is for Individuals with capital gains or multiple properties
ITR-3 filing is for professionals or business owners with income from business
ITR-4 filing is for presumptive income for small businesses and freelancers
ITR-5 filing is for partnership firms, LLPs, and certain associations
ITR-6 filing is for companies other than those claiming exemption under Section 11
ITR-7 filing filing is for trusts, political parties, and charitable institutions
