Income Tax Registration/Return Service

Filing Income Tax Returns is obligatory for individuals/entities whose income exceeds the taxable threshold each Financial Year. According to the Income Tax Act, 1961, taxpayers must settle their tax liabilities and submit the relevant IT Returns by the specified deadline. Failure to comply may lead to penalties, notices, or legal consequences. As a Government-registered agency, we offer reliable Income Tax Filing services with no risk or delays. Choose our ITR Package for a 100% guaranteed outcome and numerous benefits. Explore the details to discover why it's the best option.

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Income Tax Registration/Return Service

Filing Income Tax Return (ITR) in India

The Government of India collects tax on income earned within the country through Income Tax, categorized under Direct Tax, governed by the Income Tax Act, 1961. Taxpayers, including individuals, Hindu Undivided Families (HUFs), corporate entities, etc., are required to file Income Tax Returns (ITR) to the Income Tax Department, providing details of income, investments, deductions, and contributions.

Classifications of Taxpayers in India:

  • Individuals
  • Hindu Undivided Families (HUFs)
  • Body of Individuals (BOI)
  • Association of Persons (AOP)
  • Local Authorities
  • Corporate Firms
  • Companies
  • All Artificial Juridical Persons

Income Heads Recognized in Indian Law:

  • Income from Salaries: Section 192 of Income Tax Act
  • Income from Capital Gains: Sale of capital assets
  • Income from House Property: Rental income
  • Income (Profits) from Business: Business profits as per Sections 30 and 43D
  • Income from other sources: Lottery, Dividend, Pension, Gifts, etc.

Note: Income Tax is calculated based on Rate Slabs determined by the Finance Ministry and Tax Departments.

TYPES OF ITR FILING BASED ON INCOME HEADS

Income Tax Return (ITR) filing is allowed for any earning entity, regardless of whether the income is taxable or not. Timely filing of IT returns is mandatory for income taxpayers to avoid penal charges. The Income Tax Department issues specific ITR forms to differentiate income sources:

  • ITR Form 1: For income from regular salary/pension/income from property/others
  • ITR Form 2: For income of any Hindu Undivided Family (HUF) member not from the "Income (Profits) from Business" income head
  • ITR Form 3: For income of any HUF member from the "Income (Profits) from Business" income head
  • ITR Form 4 (SUGAM): For income of any HUF/Individuals included in SUGAM taxation scheme as per section 44AD/AE/ADA
  • ITR Form 5: For income of Limited Liability Partnerships (LLPs), Bodies of Individuals (BOIs), Artificial Judicial Persons (APIs), local authorities
  • ITR Form 6: For companies claiming no exemptions as per Section 11
  • ITR Form 7: For income based on filing done as per Sections 139 (4A), 139 (4D), 139 (4C), 139 (4B)
  • ITR Form V: For acknowledging the Return Filing (ITR Verification)

Advantages of Filing Income Tax Returns in India

Filing your Income Tax Return on time offers several advantages:

  • Easy Loan Processing
  • Fast processing of passport and foreign travel documents
  • Tax Refund Option
  • Easy Insurance Claim
  • Carry Forwarding of Losses
  • Priority in Government Tenders Applications
  • And more...

Be prepared in advance to file your Income Tax Return on time and ensure accurate details to avoid Notices, Queries, or Penalties. Let us know your Income Tax requirements, and it's our PROMISE to provide you with the BEST Service!

Document Requirements

  • Permanent Account Number (PAN)
  • Aadhaar Number
  • Bank Account Details
  • Form 16
  • Investment Details

Frequently asked questions

Any individual or entity earning income above the taxable threshold set by the government is required to file an Income Tax Return (ITR) in India.

Documents such as PAN card, Aadhaar card, bank account details, Form 16 (if applicable), investment details, and other income-related documents are typically required for Income Tax Registration/Return.

The deadline for filing Income Tax Returns (ITR) in India is usually July 31st of the assessment year for individuals and September 30th for businesses. However, the deadline may vary depending on the type of taxpayer and any extensions granted by the Income Tax Department.

Failure to file Income Tax Returns (ITR) on time may result in penalties, interest charges, and legal consequences such as receiving notices from the Income Tax Department.

Yes, the Income Tax Department provides an online portal for taxpayers to file their Income Tax Returns (ITR) electronically. This e-filing option offers convenience and efficiency in the tax filing process.
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Good Services by Mr. Gopal Krishna ji, the entire process of starting from filing the return till refund is completely smooth & seamless. I strongly recommend to try their services once & you never turned back. I have been a happiest & loyal customer since last 5 years. Thank you & keep up the good work in future.

Rohit Agarwal

Rohit Agarwal

5 Star

Good Services by Mr. Gopal Krishna ji, the entire process of starting from filing the return till refund is completely smooth & seamless. I strongly recommend to try their services once & you never turned back. I have been a happiest & loyal customer since last 5 years. Thank you & keep up the good work in future.

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5 Star

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