INCOME TAX RETURN FILING SERVICES

Legalsahayak provide Income Tax Return filing services all over india.

No need to come physically at our office.

Service charges for Income Tax Returns are :

1. For Salaried Person (1 Form 16)  – Rs. 700

1A. For Salaried Person (2 Form 16)  – Rs. 950

1B. For Salaried Person (3 Form 16)  – Rs. 1200

Note – For HRA Calculation charges – Rs. 250

2. For Person having income from STCG/LTCG – Rs. 2000

2A. For Person having income from STCG/LTCG, Intraday & F&O – Rs. 2500

3. For Businessman & Professionals (presumptive basis i.e. ITR 4) – Rs. 900

4. For Businessman & Professionals (non presumptive basis ) – Rs. 1500

5. For NRI (Non Resident) – Rs. 2000

5A. For NRI (Non Resident) ( including Intraday & F&O ) – Rs. 3000

 

Benefits of Income Tax Return Filing

Every Person who is earning Income should have file return. Many person do not file return in case of income below threshold limit because they are not aware about the benefits of Income Tax Return filing. Following are benefits of ITR filing:

  • Easy Loan approvals (Housing Loan, Car Loan, Business Loan, Personal loan, Education Loan Etc.)
  • Easy process for Visa Application
  • Easily approval of Scholarships for children’s education
  • Easy processing for Higher Studies

What is an Income Tax Return?

  • Income Tax Return is a proof that you have paid your income tax.
  • It contains details about your annual income and the amount of tax you have paid.
  • Every year, Indian citizens who earn taxable income have to file Income Tax Return (ITR).
  • Filing ITR will help you in getting a refund in case you pay more tax than what you are required to pay.
  • If you fail to file your ITR, you might have to bear penalty etc.
  • Income tax return form ranges from ITR 1 to ITR 7 which can be choose on the basis of Nature of Income, Nature of Person.

Why to choose Legal Sahayak:

  • Fast Service
  • No need to visit anywhere everything is online
  • Dedicated expert
  • Minimum Cost
  • Easy to access

Type of Income Tax Forms:

There are 7 types of forms which a taxpayer could use to file his Income tax return

ITR-1  For individuals (who are resident of India)

ITR-2  For individuals and HUF (including NRI) not having income from B&P

ITR-3  For individuals and HUF having income from B&P

ITR-4  For individuals and HUF to declare income from Presumptive Business

ITR-5  For Partnership Firms, Limited Liability, Partnerships (LLPs), Body of Individuals (BOIs), Association of Persons (AOPs), Co-operative Societies, Artificial Judicial Persons, Local Authorities

ITR-6  For Companies (other than companies or organisations that claim tax exemption as per Section 11)

ITR-7  For individuals or companies that are required to submit their returns under the following sections:

• Section 139(4A) – Under this section, returns can be filed by those individuals who receive income from any property that is held for the purpose of charity or religion in the form of a trust or legal obligation
• Section 139(4B) – Under this section, returns are to be filed by political parties provided their total income earned is above the non-taxable limit
• Section 139(4C) – Under this section, returns are to filed by the following entities:
• Any institution or association mentioned under Section 10(23A)
• Any association involved with scientific research
• Any institution mentioned in Section 10(23B)
• Any news agency
• Any fund, medical institution or educational institution
• Section 139(4D) – Under this section, returns are to be filed by entities such as colleges, universities or any other such institution wherein income returns or loss are not required to be provided in accordance with other provisions outlined in this section.

Frequently Asked Questions - Income Tax Return

  • For individuals (who are resident of India)

This form is applicable to Salaried Person or Pension holder, Income from single house property, for agriculture income less than 5000, Income from other sources and having total income upto Rs.50Lakhs.

  • For individuals and HUF (including NRI) not having income from B&P

This form is applicable to Income from Salary or Pension, Capital gains, Income from more than one house property, holding assets outside India, Agriculture income more than 5000, Income from lotteries or horse racing.

  • For individuals and HUF having income from B&P

ITR-3 Form can also be used by a taxpayer who is a partner in a firm but who do not conduct any business under the firm or who do not earn any income from the business conducted by the firm and whose taxable income earned from business is only in the form of the following received as a partner:

Salary, Commission, Bonus, Interest, Remuneration

The ITR-3 can be used by those individuals also who conduct a business or who earn income through a profession. This form is applicable to any type of business, undertaking or profession, with no limit on the income earned. Along with the income earned from business, taxpayers can also club any income they receive from windfalls, speculation, salaries, lotteries, housing properties etc with their business income. Any individual ranging from shopkeepers, doctors, designers, agents, retailers, contractors etc is eligible to file their income tax returns using this form.

  • For individuals and HUF to declare income from Presumptive Business

This form is applicable to Income from any business, Income from Single house property, Agriculture income less than 5000

This income tax return form is used in special circumstances and applies to businesses where any income earned is based on a presumptive method of calculation.

  • For Firms
  • Limited Liability Partnerships (LLPs)
  • Body of Individuals (BOIs)
  • Association of Persons (AOPs)
  • Co-operative Societies
  • Artificial Judicial Persons
  • Local Authorities
  • For Companies (other than companies or organisations that claim tax exemption as per Section 11)
  • For individuals or companies that are required to submit their returns under the following sections:

• Section 139(4A) – Under this section, returns can be filed by those individuals who receive income from any property that is held for the purpose of charity or religion in the form of a trust or legal obligation
• Section 139(4B) – Under this section, returns are to be filed by political parties provided their total income earned is above the non-taxable limit
• Section 139(4C) – Under this section, returns are to filed by the following entities:
• Any institution or association mentioned under Section 10(23A)
• Any association involved with scientific research
• Any institution mentioned in Section 10(23B)
• Any news agency
• Any fund, medical institution or educational institution
• Section 139(4D) – Under this section, returns are to be filed by entities such as colleges, universities or any other such institution wherein income returns or loss are not required to be provided in accordance with other provisions outlined in this section.

Legal Sahayak’s team will provide you fast service in filing Income Tax Return at very reasonable price. You no need to visit any where. 

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