Income Tax Return Filing Services—ITR Filing Process
income tax filing service are expert services meant to help individuals, firms, and institutions in meeting their tax filing requirements. These services make it easier to file income information, taxes paid, and deductions with the Income Tax Department of India. These itr filling service suit taxpayers of all kinds, including salaried professionals, the self-employed, businesses, and even Non-Resident Indians (NRIs).
Features of ITR Filing Services
Income tax filing in India provides the following features to render the tax filing process convenient and hassle-free:
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Expert Guidance: Most websites have chartered accountants (CAs) or certified tax experts who assist taxpayers in filing returns. These experts guarantee accuracy and tax compliance.
- E-Filing Facility: Such services allow for electronic filing e filing income tax, which is quicker and easier compared to traditional filing.
- Pre-Filled Forms: Sophisticated platforms employ pre-filled forms by retrieving information from Form 16, Form 26AS, and Annual Information Statements (AIS), minimizing errors that occur while filling forms manually
- Tax Planning: A few services even provide tax-saving recommendations by proposing eligible deductions and exemptions, like investments in ELSS mutual funds or availing HRA benefits.
- Document Management: Users have the facility to upload necessary documents such as salary slips, Form 16, bank statements, and investment proofs directly on the platform for effortless processing.
- Refund Tracking: Taxpayers can monitor the status of refunds through these services once they submit their returns.
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Compliance for Businesses: Businesses are also extended these services, such as GST filings, TDS returns, and obtaining Form 16 for employees.
- Security Features: The majority of platforms are SSL-certified and employ encryption techniques to secure sensitive financial information.
Advantages of Utilizing ITR Filing Services
- Time-Saving: Advanced tools and professional expertise decrease the time spent on filing returns.
- Error-Free Filing: Professional help reduces errors that might result in penalties or notices from the Income Tax Department.
- Optimization of Taxes: The services assist in detecting deductions and exemptions that taxpayers may miss.
- Ease: E-filing does away with the physical paperwork and can be done from anywhere.
Step-by-Step Guide to File Income Tax Return Online
1. Visit the Income Tax e-Filing Portal:
Proceed to Income Tax Filing India by the website: https://www.incometax.gov.in17.
2. Register or Log In:
If you are a new user, register with your Permanent Account Number (PAN). If already registered, log in with your user ID (PAN) and password.
3. Select the assessment year:
Select the right assessment year (for example, AY 2025-26 for FY 2024-25).
4. Choose the ITR Form:
Choose the relevant ITR form according to your type of income:
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ITR-1 (Sahaj): For salaried employees with only one house property and no business income.
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ITR-2: For those with capital gains or more than one source of income.
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ITR-3: For business owners and professionals.
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ITR-4 (Sugam): For presumptive taxation regime businesses
5. Enter Income Details:
Provide your income from multiple sources, including salary, interest, and capital gains. Do not forget to avail yourself of all the deductions and exemptions that are eligible.
6. Calculate Tax Liability:
Utilize the calculator provided within the portal or third-party tools such as Registration Guru to calculate your tax liability precisely.
7. Submit the ITR
After filling in all the details, go ahead and submit the tax return. You can either prepare and file it online or use an offline utility and subsequently upload it.
8. Verify Your Return:
Upon filing, verify your return through any of the below methods:
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Aadhaar OTP: Immediate verification through your Aadhaar-linked mobile number.
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Net Banking: Verify through your bank account.
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EVC (Electronic Verification Code): Generated through the e-filing portal.
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Physical ITR-V: Post a signed copy to the Centralized Processing Center (CPC) in Bengaluru.
Types of ITR Forms
ITR-1 (Sahaj)
Eligibility: Persons with income from salary, pension, one house property (apart from cases of loss brought forward), and other sources (apart from lottery or winnings from horse racing). Agricultural income is not to be more than ₹5,000.
Income Limit: Overall income up to ₹50 lakh.
Excluded: NRIs, RNORs, persons with income from more than one house property, capital gains, business or profession, foreign income, or foreign assets.
ITR-2
Eligibility: Individuals and Hindu Undivided Families (HUFs) earning ₹50 lakh and above from salary, pension, income from two or more houses, capital gains, or any other source.
Ineligible: Business or profession income.
ITR-3
Eligibility: Individuals and HUFs with business or professional income.
Ineligible: Individuals lacking business or professional income.
ITR-4 (Sugam)
Eligibility: Individuals, HUFs, and companies having income of ₹50 lakh and below from business or profession under the presumptive taxation regime (Sections 44AD, 44ADA, 44AE).
Ineligible: Individuals not availing themselves of presumptive income arrangements.
ITR-5
Eligibility: Companies, bodies of individuals, co-operative societies, limited liability partnerships (LLPs), associations of persons, local authorities, artificial judicial persons, estates of insolvent, estates of deceased, and business trusts.
Ineligible: Individual taxpayers.
ITR-6
Eligibility: Companies not claiming exemption under Section 11 (charitable or religious trusts).
Ineligible: Companies claiming exemption under Section 11.
ITR-7
Eligibility: Individuals mandated to provide returns under sections 139(4A), 139(4B), 139(4C), or 139(4D), such as trusts, political parties, and institutions.
Selecting the Right ITR Form
The selection of the ITR form depends on the source of the taxpayer's income, total income, and category (individual, HUF, company, etc.). For example, salaried persons with income up to ₹50 lakh mostly use ITR-1, while business income utilizes ITR-3 or ITR-4 when availing presumptive taxation
The due dates for submitting ITR filing (ITR) in India are different based on the class of taxpayer and audited requirement. Here are the major due dates for financial year 2024-25 (assessment year 2025-26):
ITR Filing Due Dates for FY 2024-25 (AY 2025-26)
Non-Audit Taxpayers (Individuals, HUFs, AOPs, BOIs):
- Due Date: July 31, 2025.
- Belated Return: May be submitted by December 31, 2025, subject to a late fee.
Businesses Needing Audit:
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Due Date: October 31, 2025.
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Belated Return: May be submitted by December 31, 2025, with a late fee.
Businesses Requiring Transfer Pricing Reports:
Due date: Four years from the last day of the concerned assessment year, i.e., March 31, 2030, for AY 2025-26.
Consequences of Missing the Due Date
Late Filing Fee: As per Section 234F, a penalty of up to ₹5,000 may be levied for late filing.
Interest on Unpaid Taxes: Extra interest under Section 234A for late payment of taxes.
Penalties for Errors or Omissions: Errors in filing can result in notices and additional penalties from the Income Tax Department.
Important Dates for FY 2024-25
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Category
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Deadline
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Non-Audit Taxpayers
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July 31, 2025
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Audit Cases
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October 31, 2025
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Transfer Pricing Reports
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November 30, 2025
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Belated/Revised Return
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December 31, 2025
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Updated Return (ITR-U)
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March 31, 2030
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It is crucial to file your ITR before the deadline to avoid penalties and ensure compliance with tax regulations.
Conclusion
Filing your income tax return online has become a streamlined process in India. By following this guide and utilizing the available online resources, you can efficiently complete your tax filing obligations. Remember to gather all necessary documents, choose the correct ITR form, and file before the deadline to ensure a smooth tax filing experience. For ITR Filing you can connect with the Registration Guru online and offline.