INCOME TAX RETURN FILING

Income Tax Return is the form in which assessee files information about his Income and tax thereon to Income Tax Department. Every Income Tax Return Form is applicable to a certain section of the Assessees as per status and Nature of income..

Benefits of ITR Filing

Filing ITR avoids penalties

Compensate losses in the next financial year upto 8 years

ITR receipt helps in easy processing of loans

 

Documents Required

PAN Card of Taxpayer

Entities PAN Card (In case of company or firm, PAN card of all directors or partners is required)

Aadhar Card (In case of company or firm, PAN card of all directors or partners is required)

Cancelled Cheque (of taxpayer’s bank account )

Bank Account Statement  (for concerned Financial Year )

Financial Statements of business entity

Investment and expenses incurred under Sec 80

Form 16 (For salaried person)