Income Tax Return Filing

Income Tax Return Filing

We provide ITR/Income Tax Return Filing services to all types of Assessee at reasonable cost. The various type of ITR form along with the due date for such filling is as follows:-

ITR 1- This form is required to be filled by an Individual having income from salary & Interest. The Due date of filling of ITR 1 is 31st August of the following financial year  ( for financial year 2015-16 the due date is 31st August 2016)

ITR 2- This form is required to be filled by an Individual or HUF not having income from Business or Profession. The Due date of filling of ITR 2 is 31st August of the following financial year  ( for financial year 2015-16 the due date is 31st August 2016).

ITR 2 A- This form is required to be filled by an Individual or HUF not having income from Business or Profession & Capital Gains & who do not hold foreign assets. The Due date of filling of ITR 2A is 31st August of the following financial year  ( for financial year 2015-16 the due date is 31st August 2016).

ITR 3 - This form is required to be filled by an Individual or HUF being partners in firms and not carrying out business or profession under any proprietorship. The Due date of filling of ITR 3 is 31st August of the following financial year  ( for financial year 2015-16 the due date is 31st August 2016).

ITR 4- This form is required to be filled by an Individuals & HUFs having income from a proprietory business or profession. The Due date of filling of ITR 4 is 31st August of the following financial year (for financial year 2015-16 the due date is 31st August 2016).

ITR 4S- This form is required to be filled by an Individuals/HUF having income from presumptive business. The Due date of filling of ITR 4S is 31st August of the following financial year (for financial year 2015-16 the due date is 31st August 2016).

ITR 5- This form is required to be filled by persons other than Individual,  HUF, company and  person filing ITR-7 . The Due date of filling of ITR 5 is 30th  September of the following financial year (for financial year 2015-16 the due date is 30th September 2016).

ITR 6- This form is required to be filled by Companies other than companies claiming exemption under section 11. The Due date of filling of ITR 6 is 30th September of the following financial year (for financial year 2015-16 the due date is 30th September 2016).

ITR 7- This form is required to be filled by persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) or section 139(4E). The Due date of filling of ITR 6 is 30th September of the following financial year (for financial year 2015-16 the due date is 30th September 2016).

The Income Tax Return to be filled by the following Persons

1) Company       : (Whether earn profit or loss)

2) Every Firm     : (whether earn profit or loss)

3) Individual /HUF/AOP/BOI or artificial Judicial person :If Total Income plus Deduction under chapter VIA(Section 80C to 80U) and exemption under section 10,10B,10BA is more than maximum amount which is not chargeable under Income Tax Act.

4) Others: If income more than maximum amount which is not chargeable under Income Tax Act.

Maximum amount which is not chargeable under the Income Tax act for various person are as under

For very senior citizen (age 80 or more)                :Rs 500000

For Senior citizen  (age 60-80)                              :Rs 300000 

For others (age less than 60)                                 :Rs 250000

Belated Return {section 139(4)} 

Every assessee Can file their belated return within one year from the end of the assessment year relevant to previous year or before completion of assessment u/s 142(1) . For Financial year 2014-15(AY 2015-16) belated (late) return can be filed by 31.03.2017 (i.e one year from end of assessment year 2015-16 ending 31.03.2016). Such belated return cannot be revised subsequently and in case of loss in any previous year under the head "Profits and gains of business or profession" and "Capital gains" then such loss cannot be carried forward to the next year.


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