Income Tax Filing

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Income Tax Filling
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Overview -Income Tax Filing

Filing Income tax is a sign of responsibility; the government requires persons earning a certain amount of annual income to file a tax return by a certain date. This is referred to as the ITR Filing Procedure.

TYPES OF INCOME TAX RETURNS

ITR 1

Individuals with income of up to INR 50 lakhs from salary, pension, house property, or other sources must file this ITR.

ITR 2

Individuals and HUF with income from a salary, pension, house property, capital gains, overseas asset/income, or other sources must file this return.

ITR 3

This income tax return is for individuals and HUFs who earn money from a business or profession (PGBP)

ITR 4

This ITR is for individuals or HUFs with PGBP income who have chosen the presumptive income scheme.

ITR 5

This return is for firms, limited liability partnerships (LLPs), bodies of individuals (BOI), and associations of persons (AOP)

ITR 6

Except for Section 8 corporations, this return is for all types of corporations, including public limited companies, private limited companies, and OPCs.

Requirements for Income Tax Filing ?

  • Pan card and Aadhaar card
  • All bank statement
  • TDS certificate(form 16-for TDS on salary)
  • TDS certificate (form 16a-for TDS on non-salary) like professional fees, rent, interest etc
  • Directors pan and Aadhaar
  • Profit and loss statement card
  • Company pan card
  • Balance sheet
  • All bank statements
  • Investment proofs
  • Others
  • LLP pan, address details, date of registration proofs
  • Partner pan, aadhaar and address details
  • Profit and loss statement
  • Balance sheet
  • Bank statements

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Customers reviews

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Wonderful experience. From very starting to the end, they cordinated well. I have been struggling at filling my income tax returns but they guided me real well. Special thanks to Abubakar
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