Your ITR Filing, Simplified

A clear, guided process from document collection to successful income tax return filing.

  1. 01

    Initial Consultation

    Understand your income sources, financial details, and ITR filing requirements.

  2. 02

    Taxpayer Assessment

    Identify the appropriate ITR form based on your income sources and taxpayer category.

  3. 03

    Document Collection

    Collect Form 16, bank statements, investment proofs, and other relevant tax documents.

  4. 04

    Tax Computation & Review

    Calculate taxable income, review eligible deductions, and verify tax liability.

  5. 05

    ITR Preparation & Submission

    Prepare and submit your income tax return through the official income tax portal.

  6. 06

    Verification & Confirmation

    Complete e-verification and receive the ITR acknowledgement after successful submission.

Professional Assistance at Every Stage

Get expert support with tax calculations, documentation, return preparation, and e-filing formalities.

File Your ITR

Overview

Income Tax Return (ITR) Filing is the process of reporting your income, deductions, taxes paid, and applicable tax liabilities to the Income Tax Department of India. CA Lokesh Pratap Singh provides professional assistance with ITR preparation, tax computation, deduction verification, and online return submission for salaried individuals, freelancers, professionals, and business owners. The goal is to simplify tax filing, improve accuracy, and help taxpayers meet applicable deadlines and compliance requirements.

Advantages

Advantage Description
Legal Tax Compliance Helps taxpayers fulfil their income tax return filing obligations under applicable tax laws.
Claiming Tax Refunds Enables eligible taxpayers to claim refunds of excess tax paid or deducted.
Loan Application Support ITR acknowledgements and returns can serve as supporting income documents when applying for loans.
Visa Application Support Income tax returns may help demonstrate financial history when required for visa applications.
Financial Record Maintenance Creates an organised record of reported income, deductions, and taxes paid.
Loss Carry-Forward Benefits Timely filing may help preserve eligibility to carry forward certain losses, subject to applicable tax rules.
Income Verification Provides documented income information that may be useful for financial and administrative purposes.
Professional Filing Assistance Helps improve return accuracy through document review, tax computation, and filing support.

Eligibility Criteria

Eligibility Criteria Details
Salaried Individuals Individuals earning salary income who are required or choose to file an ITR under applicable tax provisions.
Business Owners Proprietors and business owners required to report business or professional income.
Freelancers and Professionals Individuals earning income from freelancing, consultancy, or professional services.
Income Above the Basic Exemption Limit Individuals whose income exceeds the applicable basic exemption limit must file a return, subject to relevant provisions.
Individuals Claiming Tax Refunds Taxpayers who wish to claim a refund of excess tax deducted or paid can file an eligible return.
Capital Gains Earners Individuals earning taxable capital gains from shares, mutual funds, property, or other assets, as applicable.
Other Specified Categories Individuals who meet other prescribed filing conditions, even if their income is below the basic exemption limit.
Required Information PAN details, income records, bank information, tax deduction details, and supporting documents relevant to the return.

Note: ITR filing requirements depend on income, taxpayer category, and other conditions prescribed under the applicable income tax law.

Documents Required

Document Purpose
PAN Card For taxpayer identification and income tax filing.
Aadhaar Card For identity verification and Aadhaar-PAN linking requirements, where applicable.
Form 16 Provides salary and tax deduction details for salaried employees.
Bank Account Statements To review interest income, financial transactions, and bank details for eligible refunds.
Form 26AS and AIS To verify tax credits, tax deductions, reported income, and other available tax information.
Investment Proofs To support eligible deductions and exemptions under the applicable tax regime and provisions.
Capital Gains Statements To calculate gains or losses from shares, mutual funds, property, and other capital assets, where applicable.
Business Income Records To report business or professional income and relevant expenses, where applicable.
Previous ITR Acknowledgement To review previous filings and relevant carried-forward losses, where applicable.
Loan and Interest Certificates To verify potentially eligible deductions or other tax-related claims, subject to applicable rules.

Note: The required documents vary depending on your income sources, taxpayer category, and applicable tax regime.

Process

Step Process Description
01 Initial Consultation Understand your income sources, financial details, and ITR filing requirements.
02 Document Collection Collect Form 16, bank statements, investment proofs, tax statements, and other relevant documents.
03 Income Verification Review salary, business income, capital gains, interest income, and other applicable sources.
04 Tax Calculation Calculate taxable income and assess eligible deductions, exemptions, and tax liability under the applicable tax regime.
05 ITR Preparation & Filing Prepare the appropriate ITR form and submit the return through the official Income Tax e-Filing portal.
06 E-Verification & Confirmation Complete e-verification within the prescribed timeline and retain the ITR acknowledgement for future reference.

Features

Feature Description
Multiple ITR Forms Supports different ITR forms based on income sources, taxpayer category, and applicable eligibility conditions.
Income Reporting Helps report salary, business income, capital gains, house property income, and other applicable income sources.
Tax Computation Assists in calculating taxable income and tax liability under the applicable tax regime.
Deduction Verification Reviews eligible deductions and exemptions based on the selected tax regime and applicable provisions.
Tax Credit Reconciliation Helps verify TDS, advance tax, self-assessment tax, and other available tax credits.
Online E-Filing Enables electronic submission of income tax returns through the official Income Tax e-Filing portal.
Refund Claim Assistance Helps eligible taxpayers report excess tax payments and claim applicable refunds.
E-Verification Support Provides guidance on completing the required e-verification process after submitting the return.
Filing Acknowledgement Helps taxpayers retain the ITR acknowledgement for future reference and financial documentation.

Types

ITR Form Applicable Taxpayers
ITR-1 (Sahaj) Eligible resident individuals with income up to ₹50 lakh from permitted salary, one house property, and other specified sources, subject to applicable conditions.
ITR-2 Individuals and Hindu Undivided Families (HUFs) who do not have income from profits and gains of business or profession and are not eligible for ITR-1.
ITR-3 Individuals and HUFs earning income from business or profession who are not eligible to file ITR-4.
ITR-4 (Sugam) Eligible resident individuals, HUFs, and firms other than LLPs opting for presumptive taxation under applicable provisions.
ITR-5 Entities such as firms, LLPs, associations of persons, bodies of individuals, and other specified taxpayers, subject to exclusions.
ITR-6 Companies other than companies claiming exemption under Section 11, subject to applicable provisions.
ITR-7 Persons, including certain trusts and institutions, required to file returns under specified provisions of the Income Tax Act.

Note: The appropriate ITR form depends on the taxpayer's residential status, income sources, and applicable filing conditions for the relevant assessment year.

Why Us

Why Choose Us What You Get
Professional Tax Guidance Assistance in understanding income tax requirements and applicable filing provisions.
Personalised Filing Support ITR preparation tailored to your income sources, taxpayer category, and financial details.
Accurate Tax Computation Careful review of taxable income, eligible deductions, and tax liability.
Document Verification Help reviewing Form 16, AIS, Form 26AS, bank statements, and other relevant records.
Timely Filing Assistance Support in preparing and submitting returns within the applicable deadlines.
Transparent Communication Clear information about the filing process, documentation, and applicable professional fees.
Refund and Tax Credit Support Assistance in verifying eligible refunds, TDS credits, and other tax payments.
Post-Filing Assistance Guidance on e-verification, acknowledgement records, and relevant follow-up requirements.

FAQs

1. What is Income Tax Return (ITR) Filing?

ITR filing is the process of reporting your income, deductions, taxes paid, and applicable tax liability to the Income Tax Department of India for a financial year.

2. Who is required to file an Income Tax Return?

Individuals and other taxpayers must file an ITR when they meet the applicable income thresholds or other prescribed filing conditions under income tax law.

3. What documents are required for ITR Filing?

Common documents include PAN details, Form 16, bank statements, Form 26AS, Annual Information Statement (AIS), investment proofs, and income records, depending on your income sources.

4. What is the difference between ITR-1 and ITR-2?

ITR-1 is available to eligible individuals with specified income sources, subject to prescribed conditions. ITR-2 is generally used by individuals and HUFs who are not eligible for ITR-1 and do not have business or professional income.

5. What happens if I do not file my ITR by the due date?

Late filing may result in applicable late fees, interest, loss of certain benefits, or other consequences under income tax law. The available options and consequences depend on your circumstances and the applicable rules.