Income Tax Return

INCOME TAX RETURN

It is mandatory for individuals, NRIs, partnership firms, LLPs, Companies, Trust to file income tax returns each year. Individuals and NRIs are required to file income tax return if their income exceeds the exemption limit. Partnership firms are required income tax return - irrespective of the amount of income or loss. All companies are mandatorily required to file income tax return. Finally, it is mandatory for most types of trust to file income tax every year, while some types of trusts are required to file the return of income if its gross total income exceeds the exemption limit.

Document Collection

A CAJodhpur Income Tax Expert will collect the necessary information and documents for preparation of income tax return.

Return Prepartion

Based on the documents and information presented, a CAJodhpur Expert will prepare your return and send for your approval.

Return Filing

Once the tax return is verified and accepted by you, our Tax expert will file your tax return with the Income Tax Department.

ITR 1 (SAHAJ)

Income Tax Form ITR-1 (SAHAJ) is for individuals having income from salaries, one house property and other sources like interest, etc., This is the most used income tax return type.

ITR 4

Income Tax Form ITR 4 is for individuals and Hindu Undivided Families having income from a proprietary business or profession. This form is used by proprietorship firms.

ITR 5

Income Tax Form ITR 5 is used by most partnership firms as it is intended for persons other than individuals, Hindu Undivided Families, companies and person filing Form ITR-7.

ITR 6

Income Tax Form ITR 6 is used by companies like one person company, private limited company, public limited company and other for-profit companies.

ITR 7

Income Tax Form ITR 7 is used by persons, political parties, news agencies, universities and entities in receipt of income from property held in trust for charitable or religious purposes.