What is Income Tax Return (ITR)?
Every individual whose income exceeds the basic exemption limit, and every company, LLP and firm, must file an income tax return. Filing on time lets you claim refunds, carry forward losses and keeps you clear of notices.
Our Chartered Accountants pick the right ITR form, compare the old and new tax regimes, and reconcile your income with Form 26AS and AIS before filing.
Types of Income Tax Return (ITR)
Salaried individuals, pensioners, and those with capital gains or foreign income.
Individuals with business or professional income.
Presumptive income for small businesses and professionals.
Firms, LLPs and companies.
Who Needs Income Tax Return (ITR)?
- Salaried employees and pensioners
- Freelancers, consultants and professionals
- Investors with capital gains from shares, mutual funds or property
- Proprietors, firms, LLPs and companies
- NRIs with income in India
Advantages of Income Tax Return (ITR)
Get excess TDS back quickly.
ITRs are required for loans and visas.
Set off losses in future years.
AIS and 26AS reconciled before filing.
Documents Required for Income Tax Return (ITR)
Individuals
- PAN and Aadhaar
- Form 16 from employer
- Bank statements and interest certificates
- Investment proofs (80C, 80D etc.)
- Capital gains statements
- Home loan certificate
Businesses
- Books of accounts / bank statements
- GST returns
- TDS certificates
- Previous year ITR
We share an exact checklist for your case after the consultation. Scanned copies or clear phone photos are fine.
How We Get It Done
- 1Share documents
Upload Form 16, statements and proofs.
- 2Tax computation
CA computes tax under both regimes.
- 3Review
You approve the computation.
- 4Filing & e-verify
ITR filed and verified; acknowledgement shared.
Frequently Asked Questions
31 July for individuals not requiring audit, and 31 October for audit cases, unless extended.
Yes, until 31 December of the assessment year, with a late fee of up to ₹5,000.
It depends on your deductions. We compare both and recommend the lower tax option.