Income Tax Return (ITR)

100% Online ITR Filing Process

File Income Tax Returns (ITR) online in India, easily sitting at home. We offer 100% online CA-assisted ITR Filing service in India. Filing of taxes within the due date is necessary. Contact us for individual or business ITR.

Income Tax Return Filing

ITR filing is an annual event applicable for all types of taxpayers whether it is a company, LLP or Individual. The income is taxed differently based on type of tax payer. We have made simple to understand packages for income tax return filing. Please note these are not software access fees but a real CA Assisted ITR Filing Service.

Easy & Online Tax Filing Service By Chartered Accountants. No Software can do a better job than a CA. 

• Dedicated Relationship Manager

• 100% Transparent and Accurate Tax Computation

• Online process and Live Track of the progress

• Advisory and Consultation with CA

Get Your Refunds Faster

If you’ve paid more taxes than you need to, you can get this money back as a tax refund. Filing your taxes online (e-filing) makes this process quicker and simpler, so you can get your money back without a long wait.

Avoid Late Fees & Penalties

Nobody likes paying extra fees. If you file your taxes late, you could be charged up to INR 5,000 on Late fees and Penalties including Interest. By e-filing, you can submit your taxes on time and avoid these unnecessary charges.

Carryforward Benefits

A critical condition for the ability to carry forward losses is the timely submission of your tax return. Tax authorities require that the tax return for the year in which the loss occurred be filed by the applicable due date.

Being Tax Compliant

Filing your taxes is something everyone needs to do to follow the law. By filing your returns on time , you can make sure you’re up to date with your taxes, keeping you out of trouble and giving you peace of mind.

Faster Loan Approvals

When you want to take out a loan, banks will want to see your tax returns to make sure you have a steady income. An online tax return can act as proof of your earnings, helping you get that loan approved quickly.

Smoother Visa Applications

If you’re planning to travel and need a visa, the embassy might ask to see your tax returns. Filing your taxes online keeps your tax records neat and easy to show, helping your visa application go smoothly.

How Does It Work ?

Step 1

Submit Your Request

Select the ITR service you need and send in your request. A dedicated Tradeviser will be assigned to assist you throughout the process from start to finish.

Step 2

Detailed Consultation

Our expert will reach out to understand your income, deductions, and specific needs. This helps us file your return accurately and claim all eligible benefits.

Step 3

ITR Finalisation

Upload the necessary documents securely. We’ll verify the details, prepare your return, and ensure everything is in order before moving to the final submission.

Step 4

Filing Your Return

Once reviewed, we’ll file your return on time and share the filing acknowledgment with you. Need help later? Your assigned Tradeviser remains available post-filing.

• Our tax experts gather all relevant information to prepare optimized tax returns, ensuring you save money while complying with regulations.

• We offer standardized rates but customized filings based on your investments, income, and declarations.

Get Started

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18k+ Happy Reviews

“Justdemand saved the day with my ITR filing. Meena's prompt action and expertise made it happen. Impressive knowledge and client care!“

vineeth anantapali

Business Analyst

“Highly satisfied with Mubeen Taj's ITR service. Prompt, courteous, and efficient. Saved taxes too! Recommend for hassle-free filing.”

thooya Reya

Freelancer

“Pleasure working with JustDemand. M. Divya's step-by-step ITR support and cool demeanor were much appreciated. Thanks a lot!”

Francis janu

Fitness coach

“Grateful for Mr. Raghuveer's precise NRI tax guidance and Ms. Tanya's professionalism. A fantastic team. Best wishes!”

Ranjit Poojarii

Entreprenuer

“Spoke with Mansi from the accounts team. Had a great experience on clarifying the doubts and filing of itr was smooth. Good work done. Happy to connect“

Ramakrishnan

Business Owner

“JustDemand saved the day with my ITR filing. Meena's prompt action and expertise made it happen. Impressive knowledge and client care!“

Riya Sharma

Business Analyst

“Highly satisfied with Mubeen Taj's ITR service. Prompt, courteous, and efficient. Saved taxes too! Recommend for hassle-free filing.”

Anant Dubey

Freelancer

“Pleasure working with JustDemand. M. Divya's step-by-step ITR support and cool demeanor were much appreciated. Thanks a lot!”

An income tax return, or ITR, as it is commonly called, is a document filed by a taxpayer with the Income Tax Department of India. ITR reflects your contribution directly to public services and infrastructure. This contains all the information you need about your income sources, deductions & exemptions, tax liabilities, and filing information.

e-filing of income tax returns is mandatory for registered companies, individuals, HUFs, or other professionals. Based on the type of taxpayer, there are multiple income tax return forms filed. Every taxpayer should complete their ITR filing within the deadline to avoid penalties.

This act provides the framework for levying, collecting, and administering income tax in India. It specifies the rules and procedures for filing income tax returns by companies, individuals, businesses, and other entities.

Advantages of Income Tax Returns (ITR ) Filing

Filing income tax returns offers multiple advantages for a citizen. Here are the top 5 advantages of filing an income tax return in India.

Easy to Claim Tax Refunds

If a taxpayer earns less than ₹5 lakh in a year, they can claim tax refunds that are deducted from their income. It is crucial to file IT returns online by 31 July of every year.

Avoid Legal Consequences

Not filing your income tax returns online in India may result in penalties and legal consequences. The income tax authority may send a notice that carries hefty fines and penalties. It is essential to prevent it by submitting ITR returns on schedule.

Effective for Easy Loan Processing

While applying for a loan or a visa, you should provide your last three years of ITR filing. Submitting the tax returns increases credibility and can help lenders assess your financial status.

ITR Returns Can Act as a Verified Income Statement

Freelancers or other self-employed individuals who don't have an official income statement can use their ITR returns to verify their income.

Process of Income Tax Return Filing

Filing your income tax returns online is a complex process. Errors during income tax return filing may result in multiple issues. Vakilsearch provides a one-stop solution for filing out your income tax returns online. We have a team of tax experts who can complete your ITR filing in India in just three easy steps:

Step 3

Get your ITR Filed

1. Consult our tax Experts

Get in touch with our tax experts to resolve all your queries. Our in-house CA will provide you with tailor-made advice to save on taxes 

2. Provide all the Required Documentation

As per the requirement to submit all the income statements and documentation of investment proves to our team. 

3. Get your ITR Filed

Based on the scenario, our team will choose the apt ITR forms and file them on your behalf on time.

Documents Required to File Income Tax Return File

Along with other forms, the following documents should be provided to file your income tax returns online:

• PAN Card

• Aadhar Card 

• Form 16

• Form 16A

• Form 16b

• Form 16c

• Bank account details

• Investment details 

• Bank statement or passbook

• Home loan statement 

• Details of capital gains 

• Details of Rental income 

• Details of foreign income 

• Details of dividend income

• Investments in tax saving instruments 

• Life insurance receipts 

• PPF receipt 

• Donation receipts 

• Details regarding equity or mutual funds

Eligibility Criteria for Income Tax Returns (ITR ) Filing

Individuals or companies that fall under the following criteria should file IT returns in India: 

• Salaried individuals whose gross income exceeds the threshold level before considering deductions under Section 80c and Section 80u should file ITR returns

• Entities like private limited companies and limited liability partnerships, irrespective of profit or loss, should file ITR returns

• Individual directors or partners holding positions in private limited companies or limited liability partnerships should file income tax returns online

• Individuals earning dividends from multiple sources like mutual funds, equity, fixed deposits, interests, and bonds should file their ITR online

• Individuals sourcing income from charity, religious trust, or other forms of voluntary contributions should file IT returns

• Businesses and individuals who are eligible for tax refunds should definitely file their income tax returns online 

• Non-resident Indians should file an income tax return based on their incomes.

Checklist for Income Tax Returns (ITR ) Filing

Here is a detailed checklist for filing ITR returns

• Make sure to have all your personal information, like your name, address, contact details, and PAN

• Find out the appropriate income tax return forms 

• Select the proper forms and collect all the income details

• Keep proofs of all the deductions and exemptions

• Take note of the information on TDS returns, capital gains, and foreign assets and incomes

• In the case of a firm or registered company, make sure to have all the financial statements, audit reports, TDS compliances, and other related party transactions.

• Have proof of all the annual compliances in hand.

Why Should You File ITR?

As per the income tax laws, every citizen who is earning income should file an income tax return if their total income exceeds the basic threshold. Online ITR return filing helps you carry forward the losses in the present year to the next financial year.

Filing ITR returns online creates a valid proof of income. It is mandatory for applying for any loans in the future; filing ITR returns is required for applying for credit cards in the future. It is valid proof when it comes to visa applications.

Mandatory E-filing for Individuals

Filing income tax return in India is mandatory for individuals  under the following circumstances:

• Individuals below 60 years whose gross total income exits ₹2.5 lakh 

• Individuals above 60 years but below 80 years who's gross total income exit ₹3 lakh

• Individuals above 80 years who's gross total income exceeds ₹5 lakh

Apart from this if the income falls within these sources one must file and it are return online

• Individuals having deposits over ₹1 crore in the current bank Account 

• Deposits over ₹50 lakhs and savings bank account Individuals who spent over ₹2 lakh on foreign travel 

• Electricity expenses more than ₹1 lakh 

• TCS or TDS over ₹25000 

• Business turnover above ₹60 Lakhs 

• Professional income over ₹10 lakh

ITR Last Date and Penalty

Last Date for e-filing Income Tax Return

Generally one can file ITR returns after the financial year ends. The online income tax return filing deadline is July 31, of the applicable assessment year.

Penalty for Late Filing of ITR

If the income tax returns are not filed on time it may incur late filing fees and interest. Here is a complete outline of the same:

• If the income tax return is not filed within the due date one might have to pay a late filing penalty of ₹5000

• If the overall income is less than ₹5 lakhs then the penalty amount is further reduced to ₹1000

• Under Section 234a one percent interest collected per month is part of the month for the unpaid Tax amount.

Types of ITR Forms and Their Applicability

In India, there are seven distinct ITR forms that each have their own requirements and eligibility criteria. Your income, the sources of your income, and whether you live in India or not will determine which ITR form you must file. Here are the different ITR forms and their eligibility criteria:

• ITR-1 (Sahaj): This form is for individuals with a total income of up to ₹50 lakhs. It is the simplest ITR form and can be filed by anyone who does not have any complex income sources

• ITR-2: This form is for individuals with a total income of more than ₹50 lakhs. It is more complex than ITR-1 and requires taxpayers to provide more details about their income and deductions

• ITR-3: This form is for individuals who have income from a business or profession. It is also used by individuals who have capital gains

• ITR-4: This form is for individuals who are salaried and have opted for the presumptive taxation scheme. This scheme allows taxpayers to pay tax at a flat rate of 5% of their turnover

• ITR-5: This form is for Hindu Undivided Families (HUFs). It requires HUFs to provide details of their members

• ITR-6: This form is for companies. It is a complex ITR form and requires companies to provide detailed information about their income, expenses, and taxes

• ITR-7: This form is for individuals who are non-residents of India.

File ITR Without Form 16

Form 16 is crucial for salary employees to file their ITR returns online. However, you can also file your idea returns without Form 16 by using any one of the following methods:

Use Pay Slips

Form 16 contains all the information with respect to the taxable income. The same information can be collected using a pay slip received from the employer. 

You Can Also use Form 26as

Form 26as contains all the information regarding the tax deducted at source during a particular financial year. This contains all the salary details. 

Apart from this, you can also calculate your deductions under Section 80c or your income from other sources before filing your Idea returns.

How Vakilsearch Can Help You With Income Tax Return Filing?

Vakilsearch offers a one-stop solution when it comes to filing your income tax returns in India. Our team of tax experts and chartered accountants can provide you with tailor-made insights on how to save more on taxes and file them without any errors. Our team will make sure that you stay tax-compliant throughout the year. Irrespective of whether you are an individual or an organisation we have the perfect solution for all your tax needs. Get in touch with our experts today and file your ITR returns in India without any hassle.

FAQs on Filing ITR online

Who is eligible for ITR filing?

Individuals, Hindu Undivided Families (HUFs), businesses, and others who meet the Income Tax Department's income requirements are all eligible to file an ITR.

How to file an income tax e-filing online?

You can opt for hassle free income tax e-filing online with our tax experts at Vakilsearch.

What is e-filing in income tax?

‘E-filing’ is the procedure of electronically filing income tax returns online through the website of the Income Tax Department.

How can I claim an income tax return?

Make an accurate tax return claim by including all allowed deductions and exemptions, and by attaching the required supporting documentation.

Can I file ITR without Form 16?

Yes, you can file ITR without Form 16. You can use other documents like salary slips, bank statements, and investment proofs for accurate reporting.

Can I file my ITR myself?

Yes, individuals can file their ITR themselves using online platforms. However it's highly recommended to get in touch with Tax experts to avoid errors.

How can I check my income tax online?

Check your income tax online using the income tax departments filing portal. Log into the Income Tax Department's e-filing portal > Select 'View Returns/Forms' section > You can check the status.

Why should I e-file my ITR?

It is best to electronically file your ITR since it is safe, easy to use, speeds up refund processing, guarantees tax computation accuracy, and minimizes processing time.

Which ITR form should I select for e-filing?

The form should be selected as per the need of the appropriate ITR form for e-filing . It is based on your income sources, residential status, and other factors as prescribed by the Income Tax Department.

What are the documents required for filing ITR?

Documents required for filing ITR include:

PAN card

Aadhaar card

Bank statements

Form 16

Investment proofs

and other relevant financial documents.

What is the penalty for late Income tax e-Filing?

Penalty for late Income Tax e-Filing ranges from ₹1,000 to ₹10,000, depending on the delay period and your total income.

My company deducts TDS, should I still file my tax return?

Yes, even if your company deducts TDS, you should still file your tax return to report your total income, claim deductions, and ensure compliance with tax laws.

How do I pay tax to the government?

If you miss the due date for filing Income Tax Return, you can file a belated return up to 31 December 2023. However, you will have to pay a late fee and interest on the tax amount due

How do I pay tax to the government?

Pay tax to the government through online methods like net banking, debit/credit cards, or offline modes such as bank challans or physical payment at designated banks.

If I had paid extra tax how would it be refunded to me?

If you've paid extra tax, it will be refunded to you by the government through direct credit to your bank account or by issuing a refund cheque.

Why is income tax return filing important?

Income tax return filing is important to fulfil your legal obligation, avoid penalties, claim refunds, and provide a record of your financial transactions to the government.

Who can file ITR offline?

ITRs can be filed offline by individuals, HUFs, and other specified entities by bringing a physical copy of the completed form to the appropriate Income Tax Office.

What is the minimum income to file ITR in India?

The minimum income to file ITR in India varies depending on age and income sources, but generally, it's ₹2.5 lakhs for individuals below 60 years of age.

How do I check the status of my tax refund?

By entering your PAN and assessment year under the 'Refund/Demand Status' page, you can access the Income Tax Department's e-filing portal and track the status of your tax refund online.