Income Tax Filing Services

There are 7 types of Income Tax Return (ITR) forms in India - ITR-1 to ITR-7, each designed for specific categories of taxpayers. The form you should file depends on your income sources and taxpayer status. For example, ITR-1 is for individuals with income from salary, one house property, and other sources up to ₹50 lakhs. Our experts will help determine the correct form for your situation.

For individuals, the standard deadline is July 31st following the end of the financial year (April 1 to March 31). However, for businesses requiring audit and certain other categories, the deadline is extended. The government may also announce extensions in special circumstances. We recommend filing well before the deadline to avoid last-minute complications.

Essential documents include PAN card, Aadhaar card, Form 16/16A, bank statements, investment proofs (for tax-saving deductions), home loan statements (if applicable), rent receipts (for HRA claims), and any other income-related documents. For businesses, additional documents like financial statements, audit reports, and transaction details may be required.

Failure to file ITR by the deadline can result in penalties, interest on due tax, loss of the ability to carry forward certain losses, limitations on tax refunds, and potential scrutiny from tax authorities. Additionally, not filing ITR can affect loan approvals, visa applications, and other financial transactions where proof of tax compliance is required.

Yes, if you discover any errors or omissions in your filed return, you can file a revised return within the time limits prescribed by law (currently up to the end of the relevant assessment year or before completion of assessment, whichever is earlier). Our team can assist with proper revision to ensure all corrections are accurately incorporated.