File Your Income Tax Return With Experts

The ITR form depends on your income sources (e.g., salary, business, capital gains, rental), residency status, and total income. For instance, ITR-1 (Sahaj) is for resident individuals with income up to ₹50 lakh from salary, one house property, and simple other sources like interest. ITR-3 is for individuals/HUFs with income from business or profession. Our quotation calculator can help suggest the likely form, or our tax experts will guide you during consultation.

For individuals and HUFs not requiring an audit, the usual due date is July 31st of the assessment year (e.g., for FY 2023-24 (AY 2024-25), it's July 31, 2024). For taxpayers whose accounts need to be audited (like companies or certain individuals/HUFs), the due date is typically October 31st. These dates can be extended by the government; always verify the current year's deadline from official sources or with us.

The Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) consolidate financial transactions reported to the Income Tax Department by various entities (banks, employers, stockbrokers, etc.). It's vital to reconcile the income and TDS details you report in your ITR with the information in AIS/TIS. Mismatches can lead to scrutiny, notices, and incorrect tax calculations. Our experts meticulously perform this reconciliation to ensure accuracy.

Filing your ITR after the due date (a belated return) can have several consequences: 1. A late filing fee under Section 234F (up to ₹5,000, or ₹1,000 if total income is below ₹5 lakh). 2. Interest payable under Section 234A on any outstanding tax due. 3. Inability to carry forward certain losses (like business loss or capital loss, excluding house property loss) to future years. It's always best to file on time to avoid these.

No, you do not need to submit any physical documents while e-filing your Income Tax Return. The process is entirely online. However, it is crucial to keep all supporting documents (like Form 16, investment proofs, bank statements, capital gains statements, rent receipts, donation receipts, etc.) safely with you. The Income Tax Department may ask for these for verification during assessment or if any query arises regarding your filed return.

While the government portal allows free filing, our expert service provides significant value that can save you time, money, and stress:

• Expert CA Review: Minimizes errors, reducing the risk of notices and penalties.
• Maximized Deductions & Exemptions: We ensure you claim every eligible tax-saving opportunity you might overlook.
• Accurate AIS/TIS Reconciliation: We meticulously match your data to avoid discrepancies with the tax department.
• Time-Saving & Convenience: We handle the complexities, especially for multiple income sources, capital gains, or business income.
• Dedicated Professional Support: Get your queries answered by experienced tax professionals, not just automated responses.

At Income Review, we prioritize the security and confidentiality of your data. We use secure, encrypted channels for document sharing and communication. Our internal processes include strict access controls, and our team is bound by professional ethics and non-disclosure agreements regarding client information. We adhere to industry best practices to protect your sensitive financial details. For more information, please refer to our Privacy Policy page (link available in the website footer).