Income Tax Return Filling
Starting from 1,000/-onwards
Important Points
- Resident Individual whose Income exceed the Maximum amount not chargeable to tax will have to file his/her Income tax return within the due date.
- Assessee other than Individual,HUF will have to mandatory file Income tax return irrespective of turnover during the year.
- Assessee other than Individual,HUF will have to mandatory file Income tax return irrespective of turnover during the year.
Income Tax Return Filling
Know about Importance of Filling Income Tax Return?
Who need to file Income Tax Return?
• Resident Individual whose Income exceed the Maximum amount not chargeable to tax will have to file his/her Income tax return within the due date
Due Dates for Filling of Income Tax Returns
Assessee Category Due Dates(Unless Extended) Individual/HUF/AOP/BOI 31ST July of Next FY Taxpayer having requirement of Audit 31st October of Next FY Taxpayer having requirement of TP Audit 30th November of Next FY Tax Audit 31st October of Next FY :
Various Income Tax Forms and their Applicable Assessess
Form No. Applicability on Assessee ITR-1 Resident Individual having total Income upto Rs.50Lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand. ITR-2 Individuals and HUFs not having income from profits and gains of business or profession ITR-3 For individuals and HUFs having income from profits and gains of business or profession ITR-4 Resident Individuals, HUFs and Firms (other than LLP) having total income upto Rs.50 lakh and having income from business and profession computed under sections 44AD, 44ADA or 44AE. ITR-5 Assessee other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 ITR-6 Companies other than companies claiming exemption under section 11 ITR-7 Persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only
Know the basics
Learn the basics about Private Limited Company & its compliance
Documents required for Filling Income Tax Return
For Corporate Assessee
-
Copy of PAN Card
- Audited Financial Statement
- Income Tax Login Credentials
- GST Login Credentials
- Complete Bank Statement
- Sales/Purchase during the FY
- Investment made during the FY to Save Income Tax
- TDS Certificates
For Non Corporate Assessee
-
Copy of PAN Card
- Income Tax Login Credentials
- Bank Statement
- FORM 16(TDS Certificate)
- Sale/Purchase(If Business Income)
- Investment made during the FY to Save Income Tax
Income Tax Return Filling Process
ITR Filling Process is much easier with a Team enagaged in Tax2know.in.
# Step 1 - Arrange all required documents: The first step is to arrange all the documents w.r.t Income earned during the Financial year along with Investment made during the Financial Year and send the same over the email to us.
# Step 2 - Verification of Documents: All Supporing Documents will be Checked and verified by Qualified team having more than 4CA'S.
# Step 3 - Return Preparation : Once all Documents get Verified a Draft Computation will be Prepared and Share the same to Client for Further Filling after Tax Payment.
# Step 4 - Return Filling : After Due Finalization and Tax Payment our Team will Process further for Filling the Income Tax Return and Share the ITR Copy over mail to Clients.
DUE DATES :
Assessee Category
Due Dates(Unless Extended)
Individual/HUF/AOP/BOI
31ST July of Next FY
Taxpayer having requirement of Audit
31st October of Next FY
Taxpayer having requirement of TP Audit
30th November of Next FY
Tax Audit
31st October of Next FY
ITR FORMS & IT'S APPLICABILITY :
Form No.
Applicability on Assessee
ITR-1
Resident Individual having total Income upto Rs.50Lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand.
ITR-2
Individuals and HUFs not having income from profits and gains of business or profession
ITR-3
For individuals and HUFs having income from profits and gains of business or profession
ITR-4
Resident Individuals, HUFs and Firms (other than LLP) having total income upto Rs.50 lakh and having income from business and profession computed under sections 44AD, 44ADA or 44AE.
ITR-5
Assessee other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7
ITR-6
Companies other than companies claiming exemption under section 11
ITR-7
Persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only
