INCOME TAX RETURN

An income tax return is a form where taxpayers have to declare their taxable incomes from all sources, eligible deductions, and tax payments if any. This is called ITR Filing Procedure.

Every person whose total income is more than the basic exemption limit of Rs.2,50 lakh, then he is liable to file ITR. Further, after note ban, it is recommended to file the ITR properly to avoid any chances of tax notice by Income Tax Department.

Income tax return forms range from ITR 1 to ITR 7, used for different types of income and different types of entities. Depending on the type of forms, there are various disclosure requirements.

Income Tax Return is a proof that you have paid your income tax. It contains the details about your annual Income and the amount of tax you have paid. Every year- Resident, NRI s and Foreign Expatriates who earn the taxable income need to file the Income Tax Return (ITR). Maximize your tax savings with our income tax filing service.

As per the New Rules, Now the penalty will be levied if the return is not filed within the due date of filing. If the return is filed after 31st July but before December, then the penalty of Rs. 5000 will be levied. If the Return is filed after December then the penalty of Rs.10,000 will be levied. No Previous A.Y. Return can be filed after 31st March 2018. We provide the Services all over India. File your tax returns effortlessly. 100% Online, zero paperwork !!

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