COMPLIANCE SERVICE

Income Tax Return Filing

Accurate, timely ITR filing for salaried individuals, freelancers, and HUFs — maximising deductions and avoiding penalties.

Overview

Filing your income tax return correctly is not just a legal obligation — it is the foundation of your financial record. Errors, missed deductions, or late filing attract penalties and notices. Our CAs file your return with full review of Form 16, capital gains, other income, and all applicable deductions under Sections 80C, 80D, and beyond.

Who Should Avail This?

Salaried Employees

Anyone earning a salary, especially with multiple employers or income above ₹5 lakh.

Freelancers & Consultants

Self-employed professionals earning through fees or contracts.

HUFs

Hindu Undivided Families receiving rental income, agricultural income, or investments.

Small Business Owners

Proprietors filing under ITR-3 or ITR-4 (Presumptive Taxation Scheme).

Eligibility Criteria

  • Gross total income exceeds the basic exemption limit (₹2.5L / ₹3L / ₹5L depending on age).
  • Mandatory if you have foreign assets or foreign income.
  • Mandatory if you have deposited more than ₹1 Crore in a bank account.
  • Mandatory if you want to claim a refund of excess TDS deducted.
  • Mandatory if TDS/TCS deducted in the year exceeds ₹25,000.

How It Works

1

Document Collection

You share Form 16, bank statements, investment proofs, and other income documents with us securely.

2

Income Computation & Review

Our CA reviews all income heads — salary, property, capital gains, business — and identifies every applicable deduction.

3

Tax Calculation & Optimization

We compute net tax liability, weigh old vs. new tax regime, and apply all eligible exemptions.

4

Return Filing

The ITR is drafted, reviewed by you for approval, and then filed on the income tax portal.

5

Acknowledgement & Follow-up

You receive the ITR-V acknowledgement. We assist with e-verification and answer any subsequent queries.

Documents Required

Income Documents

  • Form 16 from all employers
  • Interest certificates from banks (FD, savings)
  • Rental income details (if applicable)
  • Capital gains statements from broker / mutual fund

Investment & Deduction Proofs

  • PPF, LIC, ELSS, NSC investment receipts
  • Health insurance premium receipts (80D)
  • Home loan interest certificate (24b)
  • Tuition fee receipts

Important Due Dates

Compliance / FilingDue DateApplicable To
ITR Filing (Non-Audit)31st JulyIndividuals, HUF (non-audit cases)
ITR Filing (Audit Cases)31st OctoberBusinesses with mandatory tax audit
Belated Return31st DecemberIndividuals who missed July 31 deadline

Penalties for Non-Compliance

Late filing after Jul 31

₹5,000 late fee under Section 234F (₹1,000 if income ≤ ₹5L)

Non-filing of return

Interest @ 1% per month under 234A + potential prosecution

Underreporting income

50% to 200% of tax sought to be evaded

Frequently Asked Questions

Q.Which ITR form should I use?

A. ITR-1 is for salaried individuals with income up to ₹50L. ITR-2 covers capital gains. ITR-3/4 is for business or professional income. Our team selects the correct form for your specific situation.

Q.Can I file ITR without Form 16?

A. Yes, Form 16 is not mandatory. We can file your return using Form 26AS, AIS, salary slips, and bank statements.

Q.What is the last date to file ITR?

A. For non-audit individuals and HUFs, the due date is 31st July. If missed, you can file a belated return up to 31st December of the same assessment year.

Q.Is ITR filing required if my income is below ₹5 Lakh?

A. Filing is not strictly mandatory below the exemption limit, but it is highly recommended for proof of income, visa applications, and loan eligibility.

Ready to get started?

Let our experts handle your income tax return filing seamlessly.

Talk to an Expert

Get specialized advice on Income Tax Return Filing today.

4.9/5 Average Rating

From 500+ satisfied businesses across India.