Income Tax Return (ITR) Filing
Income Tax Return (ITR) is a formal declaration submitted by an individual, business, or organization to the Income Tax Department, detailing their income, expenses, deductions, and taxes paid during a financial year. Filing ITR is mandatory for individuals and businesses earning above the prescribed income threshold.
Importance and Uses of ITR Filing
Legal Compliance: Ensures you meet government tax obligations and avoid penalties.
Proof of Income: Serves as official documentation of income for banks, financial institutions, or loan applications.
Tax Refunds: Enables you to claim refunds for excess tax paid during the year.
Financial Credibility: Helps establish credibility for visa applications, business partnerships, or credit approvals.
Record Keeping: Maintains a clear record of financial transactions for future reference and audits.
ITR WITH COMPUTATION FOR SALARIED CASES
- Salary Slip / Form 16 / Total Salary Income & Employer name
- Investments, if any
- House Rent Income / Home Loan details, if applicable
- Statement of sales, in case of sale of Mutual Funds / Shares
- Details of Purchase and Sales, in case of sale of property
- Agricultural Land Details, incase of agriculture income
- Date of receipts of dividends and dividend amounts, incase of Dividend income
ITR WITH COMPUTATION FOR SELF EMPLOYED / BUSINESS CASES
- Business turnover and profits
- Investments and Deductions, if any
- House Rent Income / Home Loan details, if applicable
- GST Username and Password, incase of GST Number
- Statement of sales, in case of sale of Mutual Funds / Shares
- Agricultural Land Details, incase of agriculture income
- Details of Purchase and Sales, in case of sale of property
- Date of receipts of dividends and dividend amounts, incase of Dividend income
WITHOUT CA CERTIFIED ITR WITH COMPUTATION, BALANCE SHEET, P&L
- Bank Statement / Passbook front page / Cancelled cheque
- Investments and Deductions, if any
- Business turnover and profits
- GST Username and Password, incase of GST Number
- House Rent Income / Home Loan details, if applicable
- Details of Purchase and Sales, in case of sale of property
- Statement of sales, in case of sale of Mutual Funds / Shares
- Agricultural Land Details, incase of agriculture income
- Date of receipts of dividends and dividend amounts, incase of Dividend income
- Attached Excel BS/PL Format
CA CERTIFIED ITR WITH COMPUTATION, BALANCE SHEET, P&L
- Bank Statement
- Investments and Deductions, if any
- Business turnover and profits
- GST Username and Password, incase of GST Number
- House Rent Income / Home Loan details, if applicable
- Details of Purchase and Sales, in case of sale of property
- Statement of sales, in case of sale of Mutual Funds / Shares
- Agricultural Land Details, incase of agriculture income
- Date of receipts of dividends and dividend amounts, incase of Dividend income
- Attached Excel BS/PL Format
ITR 5 & ITR 6
- Company / Firm Pan card
- Director / Partner Pan card & Aadhar card
- Bank Statement
- Partnership deed for Partnership Firm // Incorporation Certificate for Company
- Investments and Deductions like LIC, if any
- House Rent Income / Home Loan details, if applicable
- GST Username and Password, incase of GST Number
- Details of Purchase and Sales, in case of sale of property
- Agricultural Land Details, incase of agriculture income
- Statement of sales, in case of sale of Mutual Funds / Shares
- Date of receipts of dividends and dividend amounts, incase of Dividend income
- DSC, incase of Company
Get Connected with Us to File Your Income Tax Returns (ITR)
Ensure your taxes are filed accurately, on time, and hassle-free with BeSmile Store’s expert ITR services. Our team assists individuals and businesses in preparing, submitting, and managing income tax returns, helping you stay compliant while maximizing your eligible benefits.