Income Tax Filings
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File your income Tax – ITR (1,2,3,4)
The process of Electronically Filing Income Tax Return through the Internet is known as “e-Filing”. You can have your taxes done by an expert equipped with online fulfillment. It’s all digital. 100% digital. No Hassle.
frequently asked questions
Who need to file Income Tax?
Except for senior citizens(Refer, Section 194P), all individuals must file the ITR online via electronic filing. The income tax return can be e-filed electronically. A person must submit an income tax return to the Income Tax Department. It includes information about individual’s income, taxes paid, and the period from April 1st to March 31st of each financial year. The Income Tax Department has seven ITR forms that can be used to determine the income, source of income and tax category.
Note: Tax Slabs for individuals, senior citizens and companies subject to change every financial year.
How can i file Income Tax?
You may file your income tax returns online, either on the income tax department’s website or with us at indiataxhub.in. E-filing your returns is easy and quick. It takes only 5-10 minutes. You should follow the due dates for e-filing income tax returns for the respective assessment year.
How many types of forms available for e-filing?
The government has seven forms, ITR 1, 2, 3, 4, 5, 6, and 7, to notify different taxpayer categories. Individuals and HUFs can use ITR-1 through ITR-4. You can choose the ITR form that best suits your income and source of income. ITR-5 is applicable to partnership firms, LLPs and Artificial Juridical Persons (AJP), AOP (Association of Persons), BoI [Body of Individuals], Artificial Juridical Persons (AJP), Estate of the deceased, Estate of Insolvent, Business trust, and investment fund.
All companies must file ITR-6. This does not apply to any company claiming exemption from income from property that is held for charitable or religious purposes. ITR-7 should be filed by such companies.
Note: Updation/Change in above mentioned forms are subject to government yearly tax notifications.
What is ITR-v?
The ITR-V document is a one-page document you will receive after you have e-filed your income tax return. It is also available for those who are awaiting e-verification. Online or offline verification is possible for your income tax return. Online verification is available in many ways. To verify your tax return offline, you will need to print, sign, and mail the ITR-V at the Income Tax Department within 120 calendar days of e-filing.
What documents are required to file an Income Tax?
PAN Card and Aadhaar Card are the most required documents to file an ITR. However apart from both documents you may need below mentioned documents too.
- Form 16
- Payslips
- Form 26AS
- Annual Information Statement
- Form 16A/16B/16C
- Interest certificates from post offices or banks
- House/Property details
- Capital Gains details(from mutual funds, stock market etc.)
- Business PL and BS (with schedules)
- Other income details (Dividend income, Family pension, Interest from loans, Honorarium received, Tuition fee, Freelancer income, Winnings from the lottery or game shows or puzzles etc.)
How can i claim my Income tax refund?
The excess tax you have paid can be refunded by filing your income-tax return. You can get it back by crediting your bank account via ECS transfer. Before you file your income tax return, it is important that your bank account details are pre-validated.
Process to File Income Tax(ITR) with indiataxhub
- Fill up our online application form
- Mail documents at info@indiataxhub.in
- Choose payment option from list
- After successful filing, We will send your ITR acknowledgement, P/L documents etc via email.