File Income Tax Returns (ITR) online in India, easily sitting at home. We offer 100% online CA-assisted ITR Filing service in India. Filing of taxes within the due date is necessary. Contact us for individual or business ITR.
ITR filing is an annual event applicable for all types of taxpayers whether it is a company, LLP or Individual. The income is taxed differently based on type of tax payer. We have made simple to understand packages for income tax return filing. Please note these are not software access fees but a real CA Assisted ITR Filing Service.
First Pay Tax Then File Return
Filing of income tax return is a self assessment method wherein the taxpayer needs to make a computation of taxable income earned during the previous year and the income tax payable thereon. Before filing the return, the due tax must be paid. The tax can be paid online or through challan 280 by depositing in bank with cheque or cash.
Late Return Filing
If the taxpayer has missed the due date of filing the Income tax return, the same can still be submitted as "belated income tax return" within the last date of the assessment year. However, the losses or accumulated depreciation cannot be carried forward, and in case there is any error the belated return cannot be revised.
Penalty For Not Filing The ITR
Filing of ITR is a mandatory requirement under section 139 of the Income Tax Act,1961 and non-filing of the same attracts a penalty Up-to Rs. 5,000/-. This penalty is over and above the interest or other consequences on nonpayment of tax. However, if a genuine reason is shown to the satisfaction of the ITO, it may be waived off or reduced.
| SL. NO. | TYPE OF TAXPAYER (ASSESSEE) | DUE DATE | TAX AUDIT CASES |
|---|---|---|---|
| 1 | Company | 30-Sep-2020 | 30-Sep-2020 |
| 2 | Limited Liability Partnership | 31-Jul-2020 | 30-Sep-2020 |
| 3 | Partnership | 31-Jul-2020 | 30-Sep-2020 |
| 4 | Proprietor | 31-Jul-2020 | 30-Sep-2020 |
| 5 | Individual | 31-Jul-2020 | 30-Sep-2020 |
The return of Income Tax also known as ITR is a statement of taxable income, a computation as to how the taxable income is calculated and details of the taxes paid by the taxpayer during a specific financial year.
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