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Income Tax Return Filing for Individuals

With Firm Registration

Personal ITR Filing in Jaipur/ ITR Filing for Individuals Starting from ₹999 ₹499/-

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Any individual earning an income above minimum exempted amount is liable to pay income tax. The income can be earned from any source like salary, rental income, interest income from savings, income from mutual funds, agriculture income, sale of property or business or professional income.

Income Tax Return is a form required to be filed with Income Tax Department. The format and applicability of these forms are defined by Income Tax Department. All forms have separate disclosure requirements according to the Incomes Reported.

As per The Income Tax Act 1961, eligible individuals need to file their income tax returns once a year. Filing of Income Tax Return legitimates your earnings and investments whereas in case of non-filing of Income Tax Return if the income is required to be disclosed becomes BLACK MONEY. If you file your Income Tax Return on time you can get an income tax refund as well, if you have paid excessive taxes to the government. 

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Advantages Of Income Tax Filing Returns

Easy loan processing

Most of the banks and NBFCs ask for ITR receipts from Individuals for the last three years when you apply for high-value loans like home and car loans. Hence, you should regularly file income tax returns if you want to take a loan in the future.

Proof of Income/Proof of Net worth

ITR Acknowledgement form is the best proof of Income or ascertaining the net worth of the individual. By having a look at the ITR Form, you can analyze the type of income and the taxes paid by an individual.

Filing ITR avoids penalties

By filing an Income Tax Return you can avoid penalty levied on taxpayers who don’t file an Income Tax Return within the due date.

Claiming Refund

In case you have already paid advance tax or any TDS has been deducted by your employer or any investments by the authorities,

Required for VISA Application

For those who have a desire to shift abroad, ITR is the most important document that any foreign embassy asks for. It is really important to regularly file Income Tax Returns.

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Documents Required For Personal ITR Filing In Jaipur

Income from salary

  • Aadhar card
  • Pan card
  • Form 16 (having details of salary)
  • Bank statement
  • Investment under section 80

Income from house property

  • Aadhar card
  • PAN card
  • Rent Receipt
  • Bank Statement
  • Investment under section 80

Income from Business or Profession

  • Aadhar card
  • PAN card of taxpayer
  • PAN card of Entity
  • Bank Statement
  • Financial Statements
  • Investment under section 80

Income from Capital Gain

  • Aadhar card
  • PAN card
  • Bank Statement
  • Receipt of sale of capital assets
  • Receipt of purchase of capital assets
  • Investment under section 80

Income from Other source

  • Aadhaar card
  • PAN card
  • Bank statement
  • Investment under section 80
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Procedure For Filing ITR

Fill the simple questionnaire provided by our team.

Direction Arrows
Step 01

Provide us all the necessary documents as per the category of your income as mentioned above

Step 02

We will analyse all the details and after verification from client we will file your income tax return before the due date and protect you from any penalty

Direction Arrows
Step 03

We will further inform you after filling your Income Tax Return and also provide you the return form and computation.

Step 04
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FAQ's On ITR Filing For Individuals

Why Firm Registration?

Firm Registration helps you in the best possible manner for filing the income tax return you are eligible for. Further, our team helps you in advising the best way of investments so that tax liability is reduced.

Do we require to pay tax while filing return?

No, If the income tax is already paid in the form of advance tax or TDS then no liability to pay the tax and in other case if your income is more than the maximum amount not chargeable to tax then you have to pay the tax as per the tax exemption limit decided for that financial year.

Can I revise the Income Tax Return after filling?

Yes of course one can revise the ITR after filing before one year after completion of the Financial Year.

For Example, for F.Y 2019-20, revise return can be filed before 31 March 2021.

How can I file ITR without paying tax?

You can only file an Income Tax Return after paying the Income Tax due to the government. If you submit the ITR without paying then your Income Tax Return can be declared Defective Return.

Can I file ITR with nil income?

For individuals ITR filing with nil income is not compulsory but in case you want to file then you can. Individuals whose income exceeds the basic exemption limit i.e. 2.5 lakhs, is recommended to file ITR to avoid scrutiny by the Income Tax Department. Also, if your tax liabilities are zero and have filed the ITR before, it is necessary to be filed. The same can be provided as a proof of income whenever required and a person can avail so many benefits of filing an income tax return.

I am a salaried person having income less than 2.5lakhs, Should I filing return?

It is clearly not compulsory for individual having income less than exempted limit to file ITR but as we mentioned above the benefits of filling return if you want to avail such benefit you must file the Income Tax Return.

Can I file ITR after Due Date?

In case you fail to file the return before due date, there is a provision to file return up to a certain date, however with a late filing fee and reduced benefits, the belated return can be filed before the end of Assessment Year for the concerned financial year. That means, for F.Y. 2019-20, belated returns can be filed till 31st March, 2021.

Is it mandatory to file income tax return for income less than 5 lakhs?

If you have income up to Rs 5 lakh and you don’t file your ITR assuming that your tax payable will be zero after taking necessary deduction you are liable to get a notice from the income tax department.

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