Income Tax Return Filing (ITR) – HKefilingSeva.com

Income Tax Return Filing (ITR)

₹499.00 – ₹1,999.00

Income Tax means tax on gross income has to pay to the central government which is decided by the government on the basis of income.
Income Tax Return Filing is very important for everyone either who is individuals, NRIs, Partnership Firm, LLPs company or trust. It is mandatory for everyone to File Income Tax Returns each year. Individuals and NRIs are required to File an Income Tax Return if their gross income exceeds above Rs: 5 lakhs in a year.
Proprietorship Firms, Partnership Firms and Pvt. Ltd. Company is also required to file their Income Tax Return – irrespective of the amount of income or loss. All companies and LLPs are mandatorily required to file their Income Tax Return, irrespective of turnover or profit. eFilingSeva.com provides Income Tax Return Filing Service with our dedicated Tax Expert (CA) support.
For filing your income tax return Upload your Form-16, and be relax. Our tax experts (CA) will file your income tax return and provide you the update within 1 – 4 business days.

Benefits of File ITR

  1. Helps in Applying for Loans
  2. Helps in Claims Refunds
  3. To Carry Forward Capital Losses
  4. ITR Receipt is an important/essential document
  5. Useful As address proof
  6. Important for Visa Processes
  7. Useful for self-employed
  8. ITR receipt is essential to obtain Government Tender
  9. Filing an IT Return is our duty towards our Nation growth by Paying Tax and Declaring our Actual Income.

For A Business

If you are a businessman, then tax audit would be required if the total sales turnover or gross receipts in the business exceeds Rs.1 crore in any previous year.

For a Professional

If You are in a profession or professional, in that case, tax audit would be necessary if your gross income/profit in the profession exceeds Rs.50 lakhs in any of the previous years.

Presumptive Taxation Scheme

If a person is enrolled under the presumptive taxation scheme under section 44AD and total turnover or sales is exceeds more than Rs. 2 crores, then tax audit would be required.

Types of ITR forms
Income Tax Return has different Category forms on the basis of individual and companies.As follows
1. FOR INDIVIDUALS/HUF—ITR-1, ITR-2, ITR-3 & ITR-4
2. FOR COMPANY–ITR-6 & ITR-7
3. FOR OTHER THAN INDIVIDUALS AND COMPANY —ITR-5

Deadline For Filing Income Tax Return
 • Due date of filing Income Tax Return for individuals is 31st July
• Due date of Filing Income Tax return for companies is 30th September and A taxpayer also required tax Audit.
Penalty for Late Filing Income Tax Return
 A Taxpayers who did not file their income tax return on time are subject to penalty and charged interest on the late payment of income tax. Also, the penalty for late filing income tax return on time has been increased recently. The penalty for late filing income tax return is now as follows:
• Late Filing between 1st August and 31st December – Rs.5000
• Late Filing After 31st December – Rs.10,000
• Penalty if taxable income is less than Rs.5 lakhs – Rs.1000

Procedure for filing Income Tax Return​

  • Upload the documents as specified in Documents Check list
  • com our Tax Expert(CA) will verify the information and documents uploaded by you and do preparation of income tax return.
  • And after that  Based on the documents and information presented, our  Expert will prepare your return and send for your approval.
  • Lastly Once the tax return is verified and accepted by you, our Tax expert will file your tax return with the Income Tax Department and same must be e-verify.

After filling the Return an Acknowledgement in Form ITR-V, Computation of Income  will be send to you by email, Whatsup

List of Document for filing Income Tax Return

Salaried Employee

  • PAN Card
  • Aadhaar Card
  • Form 16 or Salary Slips for April to March
  • Interest Certificate from bank on FDR
  • Home Loan Interest & Principal Repayment Certificate from Bank /NBFC
  • Tax-saving investment proofs Like Receipt of LIC , Mediclaim, PPF Investment, Mutual Fund Investment, School Fees of Children, Tax Saving Bond
  • If House Rent Allowance Received then Actual Rent paid Receipt
  • All bank Accounts Statement or Passbook for April to march
  • If Rental Income then gave details of Rent received, Name of Tenant , Municipal Tax Paid.
Pvt Ltd , LLP, Partnership Firm
 
  •  Pan Card of Entity and all the Partner, Director
  •  Copy of MOA, AOA, / Partnership Deed
  •  Copy of Audit Report 
  •  Audited Balance sheet Profit & loss Account with All Schedule
  •  Any one Director/Partner DSC

Businessman & Professional

  • PAN Card, Aadhaar Card
  • Interest Certificate from bank on FDR
  • Home Loan Interest & Principal Repayment Certificate from Bank /NBFC
  • Tax-saving investment proofs Like Receipt of LIC , Mediclaim, PPF Investment, Mutual Fund Investment, School Fees of Children, Tax Saving Bond
  • All bank Accounts Statement or Passbook for April to March
  • If Rental Income then gave details of Rent received, Name of Tenant , Municipal Tax Paid.
  • If GST Available provide us the Details of GSTN No
  • Profit & Loss Account, Balance Sheet with Schedule
  • Fixed Assets Details, Capital Account, Gross Trial balance,if available
  • If Partner in a Partnership Firm, LLP then Capital Account from Firm, LLP
  • Details of Other Income if any Like, Commission, FDR Interest, Agriculture Income, Gift from Relative
  • DSC if Business is under Income tax Audit
  • If Investment in Equity Shares following Details

1. Profit & Loss Statement from Broker
2. Script Wise Holding Statement.
3. Long Term & Short Term gain/Loss statement
4. Dividend Received
5. Ledger account with Broker/ Demat Service Provider.

steps
Get Started
Select Pacakge

TEST, Salaried Employee, Business & Professional, LLP / Pvt / Partneship Firm

Reviews

There are no reviews yet.

Be the first to review “Income Tax Return Filing (ITR)”