Income tax filing is the process of submitting details of your income, deductions, and taxes paid during the financial year to the Income Tax Department. It helps determine tax liability or refund and maintains a financial record that can be useful for visa applications, loan approvals, and more.
Types of Income Tax Returns
- ITR-1 (SAHAJ) : For individuals with income from salary, one house property, and other sources (excluding capital gains).
- ITR-2 : For individuals and HUFs not having income from business or profession.
- ITR-3 : For individuals and HUFs having income from business or profession.
- ITR-4 (SUGAM) : For presumptive income from business or profession under sections 44AD, 44ADA, or 44AE.
- ITR-5 to ITR-7 : For firms, LLPs, AOPs, BOIs, trusts, and companies, based on their nature and activities.
Key Features
- Timely Compliance : Avoid late filing penalties and notices by filing on or before the due date.
- Expert Review : Returns are prepared and verified by qualified tax professionals.
- Maximise Deductions : We help identify all eligible deductions to reduce your tax burden.
- E-filing Assistance : Quick and secure digital filing through authorised platforms.
- Support for All Categories : Services available for salaried individuals, freelancers, professionals, businesses, and NRIs.
- Error-Free Documentation : Ensures all income sources and tax details are accurately reported.
Income tax filing is more than just a formality—it’s a vital step towards financial discipline and credibility. Whether you're salaried, self-employed, or running a business, Bhargava Capital offers personalised support to simplify your filing journey.