INCOME TAX RETURN FILING

startupindiaefiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory and management consultancy services to clients. Filing online Income Tax Returns is easy, seamless, cheapest, and quickest with startup India E-Filing. Apart from Income Tax returns, we also helps you to file GST Returns, TDS Returns, PF Returns, ESI Returns.

ITR Filing -Salary Person / Individual

Required Documents Pancard , Aadhar Card , Mobile No. , Email ID & Bank Statement . for salary person Form 16 is mandatory

ITR - Proprietor / Partnership Ship

ITR- Pvt. Ltd / Public Limited

Required Documents Firm Name , Pancard , Aadhar Card , Mobile No. , Email ID & Bank Statement . for Partnership firm firm Pancard and both partner doc.

Required Documents Company's Pancard , Aadhar Card, Mobile No., Email ID of all director & Bank Statement of company .

WHO SHOULD FILE INCOME TAX RETURN

1. All proprietors below the age of 60 years are required to file income tax returns if total income exceeds Rs. 2.5 lakh. In the case of proprietors above 60 years but below 80 years, income tax filing is mandatory if total income exceeds Rs.3 lakh. Proprietors over the age of 80 years are required to file income tax returns if the total income exceeds Rs.5 lakh. All Partnership Firms, Companies, and LLPs are required to file ITR every year, irrespective of income or loss. Even if there was no transaction, then a NIL ITR must be filed before the due date.

2. Tax Audit is compulsory if any business has a total sales of over Rs.1 crore or Profession, which has gross receipts exceeding Rs. 50 Lakh in a financial year. Additionally, in some cases, Tax Audit is compulsory even if such limits have not been exceeded. A business under Tax audit should file ITR and Tax Audit Report by 30th September every year. In the case of a Company, Audit is mandatory irrespective of Turnover. Similarly, in the case of LLP, Audit is mandatory if Turnover Exceed Rs. 40 Lakh or Contribution Exceed Rs. 25 Lakh.

3. A Proprietorship Firm should file Income Tax Return in Form ITR-3 or ITR-4-Sugam. A Partnership Firm and LLP should File ITR in Form-5. A Company should use Form ITR-6 for filing of Income Tax Return. In case of a charitable Trust, a return should be filed in Form ITR-7. A return has to be digitally signed in case Tax Audit is applicable. It is mandatory in case of Companies and LLPs. In other cases, you have an option of E-Verifying through Aadhar or net banking. Alternatively, you may also physically sign the ITR-V (Ack) and send to CPC for processing.

WHY SHOULD FILE INCOME TAX RETURN

1. TAXABLE INCOME: - If you have taxable Income in India, you must file your ITR in India. This is applicable for an individual if his/her taxable income exceeds INR 2.50 Lakh. In case you are a Company. LLP or Partnership Firm, it is mandatory for you to file ITR irrespective of your income or loss.

2. CREDIBILITY :- Filing Income tax Return enhances your credibility and your credit availing capacity from the bank perspective. Even if you are not liable for ITR filing for any reason, it is a good practice to file the same. Your ITR serves as a proof of your Income. No other document does this job..

3. CARRY FORWARD LOSSES :- If you have incurred any losses in your business on account of expenses or depreciation, you must file your return in order to carry forward those. The benefit of this can be availed once you have taxable income. Such losses, then, can be set off against taxable profits.

4. FINANCIAL STRENGHT :- A good track record of regular ITR Filing shows your financial strength and is indicative of your regularity. This helps you to obtain quick bank loans and also visa. Hence, it is advisable to file ITR on regular basis.

5. TAX REFUNDS :- If your TDS has been deducted and the same is higher than your actual tax payable, such a claim for a refund can be done by filing a correct IT return. You won’t get your refunds if you don’t file your ITR.

6. AVOID TAX NOTICE :- There are many criteria defined under the Act, in which you may be served legal notice if you have not filed your ITR. Filing your ITR correctly and in time can ensure that you don’t have to face any of these.

Benefits of ITR Filing

1. Help in startup funding , all kinds of Loans & Credit Card

2. Useful in Identity Proof , Income proof , Address Proof

3. Help in claiming TDS & Rebate

4. Helpful in Government Tender

5. Enhance Visa Approval Chance

6. To carry Capital Losses

ITR Filing Start from Rs.499

BENEFITS WITH US

Apart from company registration we can also help you in funding / Loans , Office Set Up , Manpower , Business Website & Appearence on Social Media Network.

Setup Office

At Startup India e Filing, We can also help you in Office setup to Manpower as per your requirement

Fund / Loans

Website Development

At Startup India e Filing, We can also help you in funding for your business growth

At Startup India e Filing, We can also provide IT Services either looking , Business Website / eCommerce Website , Digital Marketing

NEED RETURN FILING ?

Any requirement please contact our experts who will fullfil your need .