Cart
  • Home
  • Registration
    • Entity Registration
      • Private Limited Company Registration
      • LLP Registration
      • Partnership
      • Proprietorship
    • Tax Registrations
      • GST Registration
      • Udyog Aadhar / MSME
  • Compliances
    • Accounting and Bookkeeping
    • Pvt Ltd ROC Compliances
    • LLP Compliances
    • QuickBooks Outsourcing
    • HR Payroll Services
  • Tax
    • GST
      • GST Return
    • TDS
      • TDS Return for Business Owners
    • Income Tax
      • Income Tax Return Filing service
      • Business Tax Returns
  • Consultancy
    • Advisory Services
    • Business Startup Services
    • Virtual CFO Services
  • Career
  • Blog

Income Tax Return Filing

Home / Income Tax / Income Tax Return Filing

Income Tax Return Filing

*
*
*
*

Income Tax Return Filing​

  • About
  • ITR Forms
  • Packages
  • Documents
  • FAQ's

About

Income Tax Return Filing

To file an Income Tax Return is the duty of every citizen of India. However, besides this, there are various other reasons, why you should file your Income Tax Return:

When you file Income Tax Return, you create your Financial Record with Tax department. This financial / tax history is positively viewed and favourably used by most agencies with whom you may need to interact, such as when you avail any kind of loan (home, personal, vehicle loan) or when you apply for VISA, etc.

It is mandatory to file your Income Tax Return, if you have any Foreign Assets.

If you have a refund due, you need to file your Income Tax Return, to claim this refund.

 

Income Tax Return is essential for making any investment and goes to prove that you have a valid source of income to make such investment.

Avoid various Penalties / Fees / Penal Actions under the Income Tax Laws

Which ITR Form to File when filing Income Tax Return?

ITR-1
ITR-2
ITR-3
ITR-4
ITR-5
ITR-6
ITR-7
ITR-1
  • Applicability
    Resident Indian individuals and HUFs

  • Salary
    Yes

  • Exempt Income
    Yes. However, income from agriculture cannot be more than Rs.5,000.

  • Capital Gains
    No

  • House Property
    Yes. However, it can be only for one house property.

  • Business Income
    No

  • Other Sources
    Yes
ITR-2
  • Applicability
    HUFs and individuals

  • Salary
    Yes

  • Exempt Income
    Yes. 

  • Capital Gains
    No

  • House Property
    Yes.

  • Business Income
    No

  • Other Sources
    Yes
ITR-3
  • Applicability
    Partner in a firm, HUF, or individuals

  • Salary
    Yes

  • Exempt Income
    Yes

  • Capital Gains
    No

  • House Property
    Yes

  • Business Income
    Yes

  • Other Sources
    Yes
ITR-4
  • Applicability
    Firm, HUF, or individual

  • Salary
    Yes

  • Exempt Income
    Yes. However, income from agriculture cannot be more than Rs.5,000.

  • Capital Gains
    Yes

  • House Property
    Yes. However, it can be only for one house property.

  • Business Income
    Only for business income that is presumptive

  • Other Sources
    Yes
ITR-5
  • Applicability
    LLPs or Partnership Firms

  • Salary
    No

  • Exempt Income
    Yes

  • Capital Gains
    No

  • House Property
    Yes

  • Business Income
    Yes

  • Other Sources
    Yes
ITR-6
  • Applicability
    Companies

  • Salary
    No

  • Exempt Income
    Yes

  • Capital Gains
    No

  • House Property
    Yes

  • Business Income
    Yes

  • Other Sources
    Yes
ITR-7
  • Applicability
    Trusts

  • Salary
    No

  • Exempt Income
    Yes

  • Capital Gains
    No

  • House Property
    Yes

  • Business Income
    Yes

  • Other Sources
    Yes

Packages of Income Tax return filing

Please click the relevant package, add to cart, post payment screen you will be prompted with document submission link. Please submit the documents and our team will take care of your return filing. 
In case of any issues please click on below link for direct whats app chat with our professionals
Sr. No. Type Of Form Fees
1 Single form 16- Salary Income, Housing Interest and Other Income Rs 500 + GST
2 Multiple form 16 – Salary, Rental Income & Housing Interest and Other Income. Rs 750 + GST
3 Single / Multiple form 16 – Salary, Rental Income & Housing Interest , Capital Gain Sale of Property and Other Income Rs 1000 + GST
4 NRI and Foreign Income Rs 2500 + GST
5 Income Tax return filing – For business owner who want to file their return under presumptive taxation Rs 1500 + GST

Documents and information required for Income Tax Return

General List of Documents and information required for Income Tax Return
Sr. No. Head / Category Document / Information Needed
1 Income from Salary Form 16
2 Income from Salary In absence of Form 16, Fill up the Salary Details Excel sheet Templete
3 Rental Income / Housing Loan Deduction Rent Agreement
4 Rental Income / Housing Loan Deduction Rent Receipts.
5 Rental Income / Housing Loan Deduction Please Highlight the Rent Receipts entries in the Bank Statement.
6 Rental Income / Housing Loan Deduction Property Tax Paid Receipt.
7 Rental Income / Housing Loan Deduction Housing Loan Statement And Interest Certificate.
8 Rental Income / Housing Loan Deduction Detailed Address Of Rented Property.
9 Rental Income / Housing Loan Deduction Name and PAN Of the Tenant.
10 Income Of Other Sources Certificate of Fixed Deposit Interest Received and Accrued.
11 Income Of Other Sources Details Of Dividend Income Received from Shares
12 Income Of Other Sources Details Of Dividend Income Received from Mutual Funds.
13 Income Of Other Sources Details Of Commission / Brokerage.
14 General Documents All bank Statements & Pass Books
15 General Documents PPF Statement /Passbook.
16 General Documents Copies Of Tax Saving Investments Such As LIC,Mediclaim, NSC,TAX, NPS, Tax Saving mutual Funds, etc
17 General Documents Education loan - Certificate & Statement.
18 General Documents Receipt Of Donation Given
19 General Documents All Property Transaction Documents - Sold & Purchase.
20 General Documents Shares Investment - Purchased And Sold.
21 General Documents Mutual Fund Investment Purchased & Sold.
22 General Documents Fixed Deposite Receipts & Interest Statement
23 General Documents Certificate of Fixed Deposit Interest Received and Accrued
24 General Documents List Of Vehicle Details Purchased And Sold.
25 General Documents Document Relating Investments Valuable Purchases and Sold (E.g. Gold, Ornaments, etc)
26 General Documents Details Of Expenditure on Foreign Travel

Frequently Asked Question

[ultimate-faqs include_category="income-tax-return-filing"]

Subscribe To Our Updates

Loading
wissen footer image Contact form

To not just meet but exceed client expectation consistently by imbiding, Teamwork, Professional approach.

+91 8208 988 435

info@wissensolutions.in

Flat No 2 , Sadgurukrupa Apartments, Sector 27, Plot 455C, Nigdi, Pune, Maharashtra 411044

Quick Links

  • Pvt Limited

  • Accounting and Bookkeeping

  • GST Return

  • GST Registration

  • Income Tax return filling for individual salaried

  • Income Tax return filling for business oweners

SERVICES

About Us
Why Us
Career
Copyright 2020 - Wissen Business Solutions | Privacy-policy / Refund policy / Terms & Conditions

Our Package

Are you an Individual

Are you a Business owner / Professional

Do you want to start your Business

Do you want Free Consultation

Income Tax Return Filing

TDS Filing

Income Tax return filing

Accounting and Bookkeeping

Annual ROC Compliances

GST Return filing

GST Registrations

Incorporation services

Digital Signature

TAN Application

Udyog Aadhar

Thank Your For Your Valuable Information

We Will Get Back To You Soon

Type of Income you have

TDS Return filing

Nature of Business

How Many transactions you have in a month

Nature of Business

How Many Sales / Purchase invoices you have in a Month

What type of Company you want to incorporate

Single form 16- Salary Income, Housing Interest and Other Income.
500

Multiple form 16 – Salary, Rental Income & Housing Interest and Other Income.
750

Single / Multiple form 16 – Salary, Rental Income & Housing Interest , Capital Gain Sale of Property and Other Income.
1000

NRI and Foreign Income
2500

Upto 25 Transactions per return- Rs 750 per return
750

Upto 50 Transactions per return- Rs 1000 per return
1000

Above 50 transactions per return- Rs 1500 per return
1500

For business owner who want to file their return under presumptive taxtion. – Rs 1500
1500

For Partnership Firms – Rs 2500
2500

For Private Limiteds – Rs 4000
4000

Monthly charges
01 Month
03 Months
06 Months
12 Months

Upto 100 transaction
1000
2700
5100
9600

100 to 300 Transactions
2000
5400
10200
19200

300 – 500 Transactions
3000
8100
15300
28800

500 to 1000 Transactions
4000
10800
20400
38400

1000 and more
5000
13500
25500
48000

Private Limited – Rs 7500
7500

LLP – Rs 5000
5000

Monthly charges
01 Month
03 Months
06 Months
12 Months

No purchase
500
1350
2550
4800

Upto 25
1000
2700
5100
9600

Upto 50
1500
4050
7650
14400
Upto 100
2500
6750
12750
24000

More than 100
3500
9450
17850
33600

GST Registrations – Rs 1500
1500

Private Limited – Rs 5000
5000

LLP – Rs 5000
5000

Partnership – Rs 7500
75000

Sole Proprietorship – Rs 3000
3000

OPC – Rs 5000
5000

Class 3 DSC Rs 1500
1500

TAN Application – Rs 1000
1000

Udyog Aadhar – Rs 1500
1500

Please fill the below form before you proceed