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Online Income Tax Return filing

File Income Tax Return for Firm/LLP/Companies & Others

Why us?

  • Hassle-free tax filing services

  • Income Tax Filing for Salaried Persons

  • Income Tax Filing for Businesses

  • 100% Accuracy and flawless

  • Professional Assistance

  • Paperless return filing service

Income Tax Return Filing

Filing of Income Tax Return simply means reporting Income earned during a financial year including Tax-exempt income and investments and other reporting in a prescribed form. Filing Income Tax Return is compulsory when total income during the year exceeds the basic exemption limit.

Assessee may claim a refund for excess taxes paid in form of TDS or Advance Tax, in case TDS or Advance tax is less than the total net tax liability then the assessee may require to pay the balance amount.

Assessee is required to furnish Income details in a specified applicable form ranging from ITR-1 to ITR-7 based on the source of income and type of assessee.

In India, the income tax return is required to be file online and is a completely paperless process and no physical document is required to be submitted.

Why file Income Tax Return?

Taxable Income

An assessee having income exceeding the basic exemption limit or taxable income is mandatorily required to file Income Tax Return within the due date.

Borrowing Funds

An income Tax return is a primary need for any lender to provide various loans. Whether a home loan or personal loan or any special loans, every financial institutions and bank rely on Income Tax Return for lending.

Refund or Payment of Tax

Assessee can claim a refund for excess taxes paid and also in case of tax liability arises on computing the income, the assessee may require to pay taxes within due dates.

Income Tax Notice

Non Disclosure of Income such as capital gain or Interest income or any other taxable income may attract proceedings from Income Tax authorities.

Tax Saving Investment

Nowadays every assessee invests their income in securing the future e.g. In Life Insurance, Mediclaim, Mutual Funds, and so on, such investments are eligible for deduction under Income Tax. 

Tax Filing for Presumptive Business (Firm)

Form ITR-4

  • Having Income from Business / Profession and opting for a presumptive scheme under section 44AD, Section 44ADA and Section 44AE and turnover not exceeding 2 crores.

  • Having total income up to Rs.50 lakhs.

  • Other Income (Interest etc).

  • ITR-4 is not applicable to LLP

Tax Filing for Firms

Form ITR-5

  • Tax filing for

    • Firms​

    • LLPs

    • Association of Persons (AOP)

    • Body of Individuals (BOIs)

    • Artificial Judicial Persons

    • Co-operative Societies

    • Local Authorities

Tax Filing for Companies

Form ITR-6

  • For Companies other than those companies that claims an exemption under section 11 (i.e Trusts)

Tax Filing for Trusts & Others

Form ITR-7

  • Income from a property of the Trust

  • Income for the sole purpose of charity or religious offerings

  • Political Party having Income more than the exemption limit

  • Association carrying out scientific research

  • News organizations and companies

  • Organizations as specified in Section 10(23A) and 10(23B)

  • Educational Institutions

  • Medical Institutions such as hospitals & clinics

At iDeal ConsulTax, we assist our client in the filing of Income Tax returns and other Compliance under the Income Tax Act such as TDS, Tax Audit, and so on. IT Return is paperless and hassle-free with iDeal ConsulTax. Our team consists of an Experienced Tax Practitioner, Qualified CAs. Qualified Company Secretaries and the advisories. We provide a complete business solution to fulfill all your legal compliances in a timely manner at affordable prices. We extend our expertise to businesses for GST Registration, GST Return filing, Company Registration, LLP Registration, Partnership Registration, and so on.

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