ITR (Income Tax Return) Filing – Simple, Fast, and Accurate
File your Income Tax Return effortlessly. Avoid errors, get expert help, stay compliant, and maximise your refund—All India service, 100% online.
What is ITR (Income Tax Return) & Why Is It Filed?
Income Tax Return (ITR) is a statement filed annually with the Income Tax Department to declare your income, deductions, tax paid, and refund claim (if any) for a financial year. ITR filing is compulsory for individuals and businesses whose income exceeds the threshold, or if you want to claim a refund, carry forward a loss, or for visa, tender, and loan requirements.
- Legal requirement for anyone who crosses ₹2.5 lakh income (lower for senior citizens, NRIs, companies, etc.)
- Mandatory for claiming tax refunds, loans, visas, business expansion, and compliance
- Proof of income and tax paid—essential for audits, government tenders, and official procedures
Who Must File ITR?
- Any individual, salaried employee, professional, or business owner with gross income above basic exemption
- Company, LLP, partnership, NGOs—must file even if nil profit/loss
- NRIs, those with foreign assets/income, crypto traders, capital gains, properties sold
- Anyone claiming a refund, carrying forward loss, or applying for loan/visa/tenders
Types of ITR Forms
| ITR Form | Who Should Use | Quick Purpose |
|---|---|---|
| ITR-1 (Sahaj) | Individuals with salary, one house property, interest | Most common for simple/small taxpayers |
| ITR-2 | Individuals & HUFs (capital gains, >1 house, foreign assets) | For more complex income/assets |
| ITR-3 | Individuals/HUFs with business/profession | Self-employed, professionals |
| ITR-4 (Sugam) | Individuals, HUFs, Firms (presumptive income: 44AD/44ADA/44AE) | Small business (turnover up to ₹2 crore) |
| ITR-5 | Partnership, LLP, AOP, BOI | Firms not eligible under above |
| ITR-6 | Companies other than those claiming Sec 11 exemption | Private, public limited, etc. |
| ITR-7 | Trusts, Societies, Charitable/Religious institutions | NGOs, Section 8, etc. |
Note: Right ITR form = error-free & faster approval. Let experts help select.
Ask Which ITR Form?
Ask Which ITR Form?
Benefits of Timely ITR Filing
- No late fee or interest for delay
- Seamless tax refunds, bank loans, and business/bidding eligibility
- Proof of income and asset buildup for visa, business, or buying property
- Carry forward losses to next years, claim deductions, avoid tax notice
- Builds track record for self, family, and firm (mandatory for startups/NGOs too)
Documents Needed for ITR Filing
- PAN Card, Aadhaar Card (mandatory)
- Form 16 (if salaried), or profit & loss a/c and balance sheet (for business/profession)
- Bank statement (for period), savings and current
- Investment proofs (LIC/PPF/NSC, ELSS, housing loan, etc.)
- Rental receipts/house property details
- Capital gains statement (shares, mutual funds, land/property sale)
- TDS/TCS statements, advance tax/self assessment proof
- Passport/Visa (for NRIs), foreign income proof (if any)
ITR Filing Process – Step by Step
Document Prep
Form Selection
Data Entry & Calculation
TDS/Tax Verification
Submit (e-filing)
E-Verify & Download Acknowledgment
Frequently Asked Questions
Not always, but highly recommended. File to claim refund, carry losses, or meet visa/loan/government needs.
For most individuals/HUF/firms: 31st July. Audited business/companies: 31st October. AY may vary annually.
Late fee of ₹1,000/₹5,000, loss of some benefits, and scrutiny risk. File before 31st Dec as belated return.
Yes, till 31st Dec of the AY or before assessment, whichever is earlier.
Yes, use salary slips and bank entries to fill income details. Professionals/business owners don't need Form 16.