Income Tax Return Filing

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Filing your Income Tax Return (ITR) is not just a legal obligation but also a financial responsibility that ensures transparency and compliance with government regulations. Whether you are an individual, a salaried professional, or a business owner, Nirmal G & Associate offers expert assistance to make the ITR filing process smooth, accurate, and hassle-free.

 

What is an Income Tax Return?

An Income Tax Return (ITR) is a form that individuals, businesses, or entities file with the Income Tax Department, declaring their income, expenses, deductions, and tax liabilities. Filing an ITR is essential to:

  • Report your income
  • Claim deductions and refunds
  • Declare any investments or capital gains
  • Ensure compliance with tax laws

 

Who Should File an Income Tax Return?

  1. Salaried Individuals:
    If your income exceeds the basic exemption limit (currently ₹2.5 lakh for individuals below 60 years).

  2. Business Owners & Professionals:
    Individuals, firms, or companies earning income through business or profession.

  3. Individuals with Capital Gains:
    If you have sold any assets like stocks, mutual funds, or property and earned capital gains.

  4. NRIs:
    Non-Resident Indians earning income in India are also required to file ITR.

  5. Taxpayers Claiming Refunds:
    If you have paid excess tax through TDS or advance tax, filing an ITR is necessary to claim refunds.


 

Benefits of Filing Income Tax Returns

  1. Legal Compliance:
    Filing ITR ensures that you comply with the Income Tax Act and avoid penalties.

  2. Easy Loan Approval:
    Banks often require ITR for home loans, personal loans, and credit cards.

  3. Claim Refunds:
    If you have paid more tax than required, you can claim a refund by filing ITR.

  4. Loss Carry Forward:
    Filing ITR allows you to carry forward business or capital losses to offset future profits.

  5. Visa Processing:
    Many foreign embassies require proof of tax compliance for visa approval.


 

Types of ITR Forms

Depending on the type of taxpayer and nature of income, different ITR forms are applicable:

  • ITR 1 (Sahaj): For individuals earning from salary, one house property, and other sources.
  • ITR 2: For individuals and HUFs with income from capital gains or multiple properties.
  • ITR 3: For individuals or HUFs with income from business or profession.
  • ITR 4 (Sugam): For those opting for the presumptive income scheme under Sections 44AD, 44ADA, or 44AE.
  • ITR 5: For partnership firms, LLPs, and AOPs.
  • ITR 6: For companies other than those claiming exemptions under Section 11.
  • ITR 7: For persons including companies required to furnish returns under Section 139(4A) to 139(4D).

 

Documents Required for ITR Filing

  1. PAN Card
  2. Aadhaar Card
  3. Form 16 (for salaried individuals)
  4. Bank Account Details
  5. Investment Proofs (for claiming deductions under Section 80C, 80D, etc.)
  6. Details of Capital Gains (if any)
  7. TDS Certificates (Form 16A/16B/16C)
  8. Business Income Records (if applicable)
  9. Tax Payment Challans (Advance Tax/Self-Assessment Tax)

 

Our ITR Filing Services

  1. Comprehensive Tax Analysis:
    We evaluate your total income, eligible deductions, and tax-saving opportunities.

  2. Error-Free Filing:
    Our experts ensure accurate preparation and filing of your ITR to avoid any issues or delays.

  3. Assistance in Tax Savings:
    We guide you on various tax-saving investments and exemptions.

  4. Refund Assistance:
    We help you claim refunds and ensure quick processing by the Income Tax Department.

  5. Post-Filing Support:
    Our team provides continuous support for any notices or queries from the tax authorities.


 

Why Choose Nirmal G & Associate for ITR Filing?

  • Experienced Professionals: Our team consists of qualified CAs and tax consultants with years of experience.
  • Customized Solutions: We provide tailored services based on your income and tax structure.
  • Timely Filing: We ensure that your returns are filed on time to avoid penalties.
  • Affordable Pricing: Transparent and competitive pricing with no hidden charges.
  • Secure Data Handling: Your financial information is safe with us, with strict confidentiality maintained.

 

Get Your ITR Filed Today!

Don’t let the complexities of tax filing overwhelm you. Let Nirmal G & Associate handle your ITR filing process, ensuring maximum tax benefits and compliance with ease.

Phone: +91-9582223278, 7827083804
Email: nirmalgassocaites@gmail.com 
 
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