Every responsible Indian citizen should file income tax to the government. With present technology, you can easily file your income tax online. This process is fast and accurate with no time constraints.
However, Filing income tax return in India through the official website involves filing ITR forms. There is a different ITR form for individuals and ITR form for salaried people. This is a critical task because the income tax department has various forms titled from ITR 1 to ITR 7. Each form has a specific function and belongs to a particular category.
Even if you miss a single field in the form or make any errors your income tax will not be filed on time. This is where you need expert guidance. Vakilsearch files income tax for both individuals and institutions regularly. So you can easily count on us to file your income tax return online. For that, you will have to provide us with the following documents.
If you are an employee:
If you are a business owner:
Apart from this, you can submit:
For Filing income tax return, Section 139 (1) of the Income-tax Act 1961 specifies any individual whose total income during the previous year is more than the maximum amount not chargeable to tax should file their income tax returns online.
Let us make it clear: Any individual earning more than ₹2.5 lakhs, ₹3 lakhs or ₹5 lakhs should file ITR.
The advantages of ITR Filing are:
Loans: Bank loans like education loans, vehicle loans, personal loans, can be availed easily as they require the last three year’s IT returns.
Visa: As Immigration centres scrutinise many documents and IT returns, proofs are a mandatory document for visa applicants.
Avoid penalties: Hefty amounts would be charged for non-filing of income tax returns and hence it is always better to file it to avoid legal repercussions.
So if you come under the taxable income make sure to file it before the last date.
According to the Income Tax Department, the following entities are required to file yearly IT returns:
For ITR filing online, first and foremost keep all the soft copies, scanned copies of all the required documents like your bank statement and last year's return. You should also fill out income tax Form 16.
Note: Make sure to fill in accurate details in every field of the form, and select the applicable ITR Filing Form based on your criteria. If you have any doubts you can reach out to our expert and they will help you out.
You should know that non-compliance with filing of income tax returns can result in huge penalties. So why take that risk, when you can easily get an expert to file your income tax returns online!
Filing income tax returns on your own is going to be a tedious task. But if you choose Vakilsearch to file your income tax returns, the whole process can be completed in just three steps. We have an expert team who can provide support around the clock and file your income tax returns online without any delay. Why Do It Yourselves, when our experts can do it for you ASAP
Affordable price: When compared to other competitors we provide the most affordable price to file your income tax return online
| Category | Charges |
|---|---|
| Salaried Employees upto ₹50 Lakhs | ₹799 |
| Salaried Employees More than ₹50 Lakhs | ₹1499 |
Super fast process If you are running low on time or pretty close to the deadline then you should reach out to our experts. We provide the fastest income tax returns filing process in the country
Adept team: Filing income tax returns is one of our daily jobs, our team does it with such ease!
Popular in town: More than thousands of companies choose Vakilsearch for filing their Income tax. Apart from this, we have a large number of individuals who choose Vakilsearch for filing their income tax return online.
All you have to do is reach out to us, sit back, relax, and watch your income tax return filing at super ease.
If the trust is obliged to provide a report in Form No. 3CEB pursuant to Section 92E, the ITR filing online deadline will be November 30, 2022.
Of course, technically there is a difference between filing income tax returns and detecting TDS. In this case, when you file a tax return it becomes a proof of payment of all taxes due. The income tax return documents will also be an added benefit when you apply for a loan. Also, if there are any excess taxes deducted the same will be refunded to your bank account
The government has provided options to refund your excess tax amount when you file your IT return. This will be credited directly to the specific bank account through an ECS. Make sure to file the bank details with utmost care.
You must file a return in time even if you face any financial loss in that particular year. You can easily carry forward to adjusting with the positive income in the following years. But this option will be provided only if you file your income tax return on time. For further queries, you can write to us.
Technically an income tax return form should not be attached to any other documents. However, you should provide these documents in proper order in case of any inquiry.
As per the Income tax Act, you should file an income tax return in India if your total income exceeds ₹2.5 lakh in the given financial year.
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