ITR Filing
Original price was: ₹1,200.00.₹999.00Current price is: ₹999.00. (incl. of taxes)
Summary
Subject: ITR Filing Dear Sir/Madam, We kindly request your attention to the matter of filing your Income Tax Return (ITR). As per the legal requirements, it is essential for all eligible taxpayers to complete and submit their ITR forms before the specified deadline. Your prompt cooperation in this matter is greatly appreciated. Thank you for your attention. Sincerely, [Your Name] Price Rs. 999/- is the Base Price.
It will Increase on the Basis of Type of ITR form, Income, TDS, Turnover, No. Of Security transaction in Capital Gain, Auditable or non- Auditable etc.
Documents required to file ITR:
- PAN card: This is a 10-digit alphanumeric number that is issued by the Income Tax Department.
- Aadhaar card: This is a 12-digit unique identification number that is issued by the Unique Identification Authority of India (UIDAI).
- Bank statement: This is a statement of your bank account for the financial year.
- Salary slips: If you are employed, you will need to provide your salary slips for the financial year.
- Form 16: This is a form issued by your employer that shows your income and tax deductions for the financial year.
- Capital gains documents: If you have any capital gains, you will need to provide the documents that show the source of the capital gains and the amount of the gains.
- Expense documents: If you have any expenses that are deductible for tax purposes, you will need to provide the documents that show the amount of the expenses.
The specific documents that are required will vary depending on your income and the type of ITR that needs to be filed.
- What is an ITR? An ITR, or Income Tax Return, is a document that individuals and businesses file with the Income Tax Department to declare their income and pay taxes.
- Types of ITR: There are 7 types of ITRs:
- ITR-1: This is the simplest type of ITR and is used by individuals with a simple tax return.
- ITR-2: This is used by individuals with a more complex tax return, such as those who have investments or income from other sources.
- ITR-3: This is used by businesses with a turnover of up to ₹25 crore.
- ITR-4: This is used by businesses with a turnover of more than ₹25 crore.
- ITR-5: This is used by individuals and businesses who are non-residents.
- ITR-6: This is used by Hindu Undivided Families (HUFs).
- ITR-7: This is used by companies.
- When are ITRs filed? ITRs are filed on an annual basis, by the end of July of the following year. For example, ITRs for the financial year 2022-2023 must be filed by July 31, 2023.
- How to file ITRs? ITRs can be filed online through the e-filing website of the Income Tax Department. The website is available in English and Hindi.
- Penalty for late filing of ITRs: There is a penalty for late filing of ITRs. The penalty is ₹5,000 for individuals and ₹10,000 for businesses.
