ITR Filing in India !! Plans Starting from Rs. 499/- onlyPersonalized Return filings Services from Experts

ITR filing in India at timely and accurately manner for Individual, NRI, Firms and Corporates. ITRFiling.co.in have team of Chartered Accountants who have expertise in Income tax and other direct taxes. We are Income tax consultants and Income tax advisors is to help people and organizations in paying their taxes and filing the Income Tax Returns. We hold expertise in Income tax law, Income Tax compliance and Income Tax planning.

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    ITR filing in India by Income Tax Return Experts

    Max refund guarantee

    Get every credit and deduction you deserve. Max refund will be guaranteed.

    Experienced tax pros

    We have experienced team of tax professional (CA) have an average of 10 years’ experience.

    Many ways to file

    Get your income tax return filing done in an office, via video, or by phone.

    Upfront transparent pricing

    Know the price of Income tax filings before you begin as part of our no surprise guarantee.

    ITR Filing in India -PackageThis is popular packages for the services availed by our client. You can customise your package by contacting us

    For Salaried/Pensioned Employee
    Rs.499/-
    • Single Form 16 from Employer can be added
    • Income Less than Rs. 50 Lacs
    • No Consultation from Expert
    • No Interest Income added
    For Rental and Interest income
    Rs.999/-
    • Single or Dual House Property Located in India
    • Income Less than 50 Lacs
    • Interest Income Added
    • Consultation from Expert
    For Salaried/Pensioned Employee
    Rs.999/-
    • Single/Multiple Form 16 from Employer
    • Income Less than Rs. 50 Lacs
    • Interest Income Added
    • Consultation from Expert
    For Non-Resident Tax Returns
    Rs. 2,499/-
    • All Services covered under Rs. 999 Package
    • Salary In India covered.
    • Consultation from Experts.
    • Interest and Rental Income.
    For Shares/Mutual Fund Income
    Rs. 2,999/-
    • All Service under Rs. 999 Package Included.
    • Short Terms and Long Terms Capital Gains
    • Shares, Mutual Funds and Bonds
    • Income less than Rs. 50 Lacs
    For Small Service Provider and Freelancers
    Rs.3,499/-
    • All Service under Rs. 999 Package Included.
    • Balance Sheet upto Rs. 25 Lacs Turnover
    • Consultation from Experts
    • Capital Gains Income Covered.
    For Future and Options Income
    Rs.3,999/-
    • All Service under Rs. 2,999 package included
    • Future and Options Income
    • Intraday Income from Share purchase and sell
    • Tax Audit Fees is not included.
    For Future and Options Income
    Rs.14,999/-
    • All Service under Rs. 2,999 package included
    • Future and Options Income
    • Intraday Income from Share purchase and sell
    • Tax Audit Fees is included.

    Customized Bulk Income Tax Return for Organizations.If you are Organization of more than 50 Employees, then Request us for Quote for Customized Bulk Income Tax Return filing Package.

    General Documents Required for Filing of Income Tax Returns

    PAN Card

    Aadhar Card

    Bank Statement

    Tax Savings

    Capital Gain Statement

    Interest Statements

    Form 16/16A(TDS)

    Books of Accounts

    Get done in 5 easy stepsIt usually takes 2-3 working days to get all done .

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    Who is required to File Income Tax Return Mandatorily

    Although Income Tax return is required when your Total taxable Income is more than Basic Exemption limited(say Rs.2,50,000) in any Previous Year.

    But government has released a notification vide Notification No. 37/2022 dated 21st April 2022 that specifies additional conditions for filing income tax returns if income is below the basic exemption limit.

    The conditions specified in the said notification are mentioned below:

    • Total business sales/turnover/gross receipts during the financial year exceed Rs 60 lakh.
    • Total Professional gross receipts exceed Rs 10 lakh during the financial year.
    • Aggregate TDS and TCS during the financial year is Rs 25,000 or more (In the case of senior citizens, an increased limit of Rs 50,000 shall be applicable)
    • Total deposits in one or more savings bank accounts are Rs 50 lakh or more during the financial year.

    The Act already contains certain conditions for filing an income tax return, even if the income is below the threshold limit. The requirements are:

    • If you have deposited an amount or aggregate of the amount over Rs.1 crore in one or more current accounts maintained with a bank or a co-operative bank.
    • If you have incurred an aggregate expenditure of over Rs.2 lakh for yourself or any other person travelling to a foreign country.
    • If you have incurred aggregate expenditure over Rs.1 lakh towards payment of electricity bill.

    Other Scenarios Where it is Mandatory to File ITR Return

    In any of the following situations (as per the Income Tax Act), you must file an Income Tax Return in India:

    • Your gross total income (before allowing any deductions under section 80C to 80U) exceeds Rs 2.5 lakhs in FY 2020-21. This limit is Rs 3 lakh for senior citizens (aged above 60 but less than 80) or Rs 5 lakhs for super senior citizens (aged above 80).
    • You are a company or a firm irrespective of whether you have income or loss during the financial year.
    • You want to claim an income tax refund.
    • You want to carry forward a loss under a head of income.
    • Return filing is mandatory if you are a Resident individual and have an asset or financial interest in an entity located outside of India. (Not applicable to NRIs or RNORs).
    • If you are a Resident and a signing authority in a foreign account. (Not applicable to NRIs or RNORs).
    • You are required to file an income tax return when you are in receipt of income derived from property held under a trust for charitable or religious purposes or a political party or a research association, news agency, educational or medical institution, trade union, a not for profit university or educational institution, a hospital, infrastructure debt fund, any authority, body or trust.
    • If you are a foreign company taking treaty benefits on transactions in India.
    • Proof of return filing may also be required when applying for a loan or a visa.

    About Income tax Return Filings (ITR Filings)

    The Income-tax Act, 1961 contains provisions for filing of return of income. Return of income is the format in which the a person furnishes information as to his total income and tax payable. The format for filing of returns by different persons(assessee) is notified by the CBDT. The particulars of income earned under different heads(like Salary, house Property, Capital Gains, Business Income and Income from other Source) and tax payable by the assessee are generally required to be furnished in a return of income. In short, a return of income is the declaration of income and the tax payment/claim refund by the person in the prescribed format (knows and ITR Forms)

    Due Date of Filing Income Tax Returns

    Type of Person Due Date
    Companies- All types whether Pvt ltd, OPC, Section 8 , Nidhi, Public Limited etc 31st October
    Person (other than a company) whose accounts are required to be audited under the Income-tax Act, 1961 or any other law for the time being in force 31st October
    Partner of a firm whose accounts are required to be audited under the Income-tax Act, 1961 or any other law for the time being in force. 31st October
    Any other Person mentioned than above like, Individual, Firms, Cooperative Society, AOP, BOI etc 31st July
    Person who is required to furnish a report referred to in section 92E.(Transfer pricing) 31st July

    Late Fees for Non-Furnishing Return Of Income on Due Date

    Where a person, who is required to furnish a return of income under section 139, fails to do so within the prescribed time limit under section 139(1), he shall pay, by way of fee, a sum of –

     

    Fee Circumstances
    Rs. 5,000 If the return is furnished on or before the 31st December of the     assessment year;
    Rs. 10,000 In any other case
    However, if the total income of the person does not exceed Rs. 5 lakhs, then fees payable shall not exceed `Rs. 1,000

     

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