+91 98533 48423Get Started

PROFESSIONAL SERVICE

Income Tax Return Filling

Income Tax Return Filing is the process of filing your annual income details with the Income Tax Department. Every individual, business, firm, LLP, company and professional whose income exceeds the prescribed limit is required to file an Income Tax Return (ITR).

Income Tax Return Filing is important to declare income, claim deductions, report taxes paid and remain legally compliant. Timely filing helps avoid penalties, notices and interest from the Income Tax Department.

At E-Incorp Elite, we provide complete Income Tax Return Filing online for salaried employees, business owners, professionals, freelancers, partnership firms, LLPs, private limited companies and trusts.

Key Benefits

Remain legally compliant under Income Tax law

Avoid penalties, notices and interest

Claim refund of excess tax paid

Required for loan, visa and financial applications

Useful for maintaining financial records

Helps in carrying forward business and capital losses

Required for companies, firms and GST registered businesses

Builds financial credibility

Why Choose Income Tax Return Filling?

Income Tax Return Filing in India is important for individuals and businesses to remain legally compliant and avoid penalties. Filing the correct ITR form helps maintain proper tax records and claim benefits. An Income Tax Return Filing helps you:

  • Declare your income legally
  • Claim tax refund and deductions
  • Avoid penalty and late fees
  • Apply for loans, visa and tenders
  • Maintain proper financial records
  • Carry forward business and capital losses
  • Build trust with banks and financial institutions

Types of Income Tax Return Filing

ITR-1 Filing (Sahaj)

ITR-1 is for salaried individuals having income up to ₹50 lakh from salary, one house property and other sources. Suitable For- Salaried employees, Pensioners, Individuals with bank interest income.

ITR-2 Filing

ITR-2 is for individuals and HUFs who have capital gains, more than one house property, foreign income or income above ₹50 lakh. Suitable For- Individuals with share market or property gains, NRIs, Individuals with foreign assets or income.

ITR-3 Filing

ITR-3 is for individuals and HUFs having income from business or profession. Suitable For- Proprietorship businesses, Freelancers, Doctors, lawyers and consultants, Traders and commission agents.

ITR-4 Filing (Sugam)

ITR-4 is for individuals, HUFs and firms opting for presumptive taxation under Sections 44AD, 44ADA or 44AE. Suitable For- Small businesses, Professionals under presumptive scheme, Small transport businesses.

ITR-5 Filing

ITR-5 is for partnership firms, LLPs, Association of Persons (AOP), Body of Individuals (BOI) and other entities. Suitable For- Partnership firms, LLPs, Societies and trusts.

ITR-6 Filing

ITR-6 is for companies registered under the Companies Act, except companies claiming exemption under Section 11. Suitable For- Private Limited Companies, OPCs, Section 8 Companies not claiming exemption.

ITR-7 Filing

ITR-7 is for trusts, charitable organisations, political parties and institutions required to file returns under Sections 139(4A), 139(4B), 139(4C) and 139(4D). Suitable For- Trusts, NGOs, Charitable institutions, Religious organisations.

Documents Required

For Salaried Individuals

  • PAN Card
  • Aadhaar Card
  • Form 16
  • Salary Slips
  • Bank Statement
  • Investment Proofs
  • Interest Certificate

For Business Owners / Professionals

  • PAN Card
  • Aadhaar Card
  • Profit and Loss Statement
  • Balance Sheet
  • Bank Statement
  • GST Return Details
  • Business Expense Details

For Partnership Firm / LLP / Company

  • PAN Card of Business
  • Certificate of Incorporation / Partnership Deed
  • Financial Statements
  • GST Return Details
  • TDS Details
  • Bank Statement

Step-by-Step Process

  1. 1

    Consultation

    Share your type of income, business details and applicable ITR form.

  2. 2

    Document Submission

    Submit PAN, Aadhaar, Form 16, bank statement and financial records.

  3. 3

    Income Tax Return Filing Process

    We prepare and file the applicable Income Tax Return through the Income Tax Portal.

  4. 4

    Confirmation

    Receive ITR acknowledgement and filing confirmation.

Frequently Asked Questions

Yes. ITR filing is mandatory if your income exceeds the prescribed limit or if you fall under other mandatory filing categories.