ITR Filling & Compliance

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Step 1

Fill the inquiry form, providing your contact details and particulars of your query.

Step 2

An expert consultant will contact you to discuss your requirements and prepare necessary docs.

Step 3

Once the documents are ready, we will proceed with delivering the required solution.

Income Tax

Income Tax Returns Filling & Compliance Online

Income tax is a tax on your income that every responsible citizen pays off to the government. With digital technologies and CAAQ’s assistance, you can easily file your income tax online in India. Being online, this process is quicker and more accurate. You face no delays.

Digitally, this process involves e-filing of income tax returns. The official website of the income tax department is there to file ITR forms. Here, take into account that this filing is divided into two, which is the ITR for individuals and salaried employees.

Being two different filings of the same type, there are various forms with different names ranging from ITR 1 to ITR 7. Each form serves the different purpose.

Any mistake in a single field leads to errors, which do not accept your form. This is the very point where you need our assistance. We can guide you throughout the process. You may rely on us like hundreds of people or companies across India and abroad.

Easy Way to File ITR
Fill in Inquiry.	Connect with Experts.	File ITR
Send your query via the inquiry form.	Our expert consultants with contact.	Get timely status of the ITR filing.

Benefits of Filing ITR on Time

Easy Loans

The person can easily get bank loans like education loans, vehicle loans, personal loans, showing the previous three years’ IT returns.

Hassle-Free Visa

Get visa during immigration process. The embassy examines many papers and IT returns details & records for providing visa.

Avoid Penalties

Avoiding income tax returns can lead to heavy penalty. To avoid any legal issues, it is beneficial.

Checklist of Documents for ITR Filing

Employees

Business Owners

All

PAN card
Form 16 provided by your employer
Salary slip (of every month)

Trading report
Business account details
Profit and loss statement ( if any)

Investment proofs
Asset sale/purchase documents
Bank’s TDS certificates provided
Interest income statement
Receipts relating to donations, mutual funds, and other investments

Checklist for Income Tax Return Filing (ITR return)

The ITR filing is regulated under the Section 139 (1) of the Income-tax Act 1961. It states that any individual whose total income during the previous financial year is more than the maximum non-taxable income should file his income tax returns.

At present, any person whose earning exceeds INR 2.5 lakh, INR 3 lakhs, or INR 5 lakhs should file ITR.

Till When You Can File ITR (Last Date)

This is applicable for those who are not liable for audit.

Firms or people should file income tax returns before July 31st of every financial year.
An institution or a company shall have to file its IT returns before September 30 of every financial year.
Individuals and companies that have due returns filing should complete filing before March 31 of every financial year.

Who Should File an Income Tax Return?

The Income Tax Act states that the following entities or individuals are liable to file income tax returns:

Salaried individuals whose gross income exceeds the maximum exemption bracket before deductions as per sections 80C to 80U.
Every firm, whether private limited, LLP, or partnership, has to file IT returns regardless of any profit or loss.
Directors in a Private Limited Company or a Partner in a Limited Liability Partnership firm have to file.
People who make dividends from mutual funds, bonds, equities, fixed deposits, interest, and other sources should file.
Those who receive income through charity or religious trusts. It also covers the income from voluntary contributions.
People and businesses that seek tax refunds should file.
Non-Residents of India and technology professionals on the deputed site together with anyone who earns foreign income or assets should file.

How-to Process to File Income Tax Return Online

Keep the photocopies of the aforementioned documents & returns details of the previous financial year ready for enclosing with the application. Fill in income tax Form 16.

Hire a certified consultant.
Share all the required documents with him.
He will register you on the portal and file your ITR online.
He will select the ITR form on the basis of your category.
The form will be filled by providing necessary information and also, claim any exemptions.

CAAQ’s consultant will share the exemptions or any other vital point with you regarding taxable amount.

Later on, your income tax returns will be filed on or before due date.

FAQs

How can you get ITR?

You may follow the process, as given above in the section: How-to Process to File Income Tax Return Online.

What do you mean by Income Tax Return?

Income Tax Return (ITR) is a formality that requires salaried employees, individuals or firms to pay certain amount against the income that exceeds the maximum exempt income level. This formality requires an e-form submission on the Income Tax department website, which requires details about your income and the taxes to be paid on it during the year.

What is the last date for ITR?

It’s 31st July of every financial year. This is the last date for ITR. Those who cannot make up to this payment can file belated income tax returns till 31st December of that year.

When can you get income tax refund?

It hardly takes 20 to 45 days to get your income tax refund. But, this is possible only once you have filed your ITR and verified the details.

Who is eligible for ITR?

Any individual whose annual earning exceeds INR 2.5 lakh, INR 3 lakhs, or INR 5 lakhs is eligible to file an ITR.

What if you missed ITR deadline?

If you missed the deadline, a penalty will be imposed. You have to pay INR 5,000 if you file late by December 31^st. If the taxpayer earns less than INR 5 lakhs, the penalty won’t be more than INR 1,000. The case of belated returns after December 31^st is imposed with a higher fine of INR 10,000.