Income Tax Return Filing with Experts
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What is ITR Filing?
Income Tax Return (ITR) is a declaration of your total income earned during a financial year (April to March). It is submitted electronically using forms available on the government's official portal. ITR filing provides legal compliance, proof of income for loans, and allows you to claim tax refunds.
Important: Advance Tax Installments
If your total tax liability exceeds Rs. 10,000/-, you must pay advance tax in 4 installments:
Heads of Income for ITR Filing
Income from Salary
Taxed on income from employer-employee relationship including pension and commission.
Income from House Property
Taxed on rental income from residential or commercial properties.
Business & Profession
Profits arising from any kind of trade, manufacture, or professional service.
Capital Gains
Income from selling assets like property, stocks, jewelry, or mutual funds.
Other Sources
Includes interest income, dividends, lottery winnings, and IT refunds.
Penalty Section 234F
Late fees up to Rs. 10,000 for delayed filing. (Max Rs. 1,000 for income below 5 Lakhs).
Why Hire Accusafe as your GST/ITR Consultant?
- Avoid Complicated Legalities: We handle IGST, CGST, and Income Tax Act 1961 modifications for you.
- Penalty Protection: We ensure timely filing to save you from hefty fines up to Rs. 60,000.
- Focus on KRAs: While you grow your business strategies, we manage your compliances.