E-Filing Income Tax
Directly fill out any Tax Returns like salary, capital gains, business, professional or property taxes. Get comprehensive Tax return services at your fingertips.
Documenting income tax returns is each resident's obligation. The IT division confirms these
assertions of salary and if any sum has been paid in abundance, the office discounts the
sum to the concerned person's financial balance. Ensure your safe and secure filing of all
income tax and become a responsible citizen. Legal251 helps you not miss any important
documents and get things done for you in a few clicks.
An income tax return is a form where taxpayers declare their taxable income, deductions and
tax payments. This procedure of filing income tax return is referred to as income tax
filing. While filing, the total income tax you owe to the government is also calculated. If
you've paid more tax than needed for the financial year, the IT Department will refund the
extra money to your account.
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Documenting income tax returns is each resident's obligation. The IT division confirms these
assertions of salary and if any sum has been paid in abundance, the office discounts the
sum to the concerned person's financial balance. Ensure your safe and secure filing of all
income tax and become a responsible citizen. Legal251 helps you not miss any important
documents and get things done for you in a few clicks.
An income tax return is a
form where taxpayers declare their taxable income, deductions and tax payments. This
procedure of filing income tax returns isreferred to as income tax filing. While filing,
the total income tax you owe to the government is also calculated. If you've paid more tax
than needed for the financial year, the IT Department will refund the extra money to your
account.
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Select the Tenure:
Estimated Income/Turnover (section 44AD/44ADA)
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basic
Select the Tenure:
Estimated Income/Turnover (section 44AD/44ADA)
Bank Transaction view
P&L and balance sheet preparation
Dashboard for managing service
Mobile application support
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Download deliverables any time
Password sharing
Round the clock support
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pro
Select the Tenure:
Estimated Income/Turnover (section 44AD/44ADA)
Bank Transaction view
P&L and balance sheet preparation
Income from other than business or profession included
Dashboard for managing service
Mobile application support
Documents sharing facility
Download deliverables any time
Password sharing
Round the clock support
Time to time updates & notifications
pro+
Select the Tenure:
Estimated Income/Turnover (section 44AD/44ADA)
Bank Transaction view
P&L and balance sheet preparation
Income from other than business or profession included
Filing through Balance Sheet
Mobile application support
Documents sharing facility
Download deliverables any time
Password sharing
Round the clock support
Time to time updates & notifications
premium
Select the Tenure:
Estimated Income/Turnover (section 44AD/44ADA)
Bank Transaction view
P&L and balance sheet preparation
Income from other than business or profession included
Filing through Balance Sheet
Filing through Audit Report
Mobile application support
Documents sharing facility
Download deliverables any time
Password sharing
Round the clock support
Time to time updates & notifications
Starter
Select the Tenure:
Form-16
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basic
Select the Tenure:
Form-16
With Arrears of Salary
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Select the Tenure:
Form-16
With Arrears of Salary
Additional Income from other than Form-16
Dashboard for managing service
Mobile application support
Documents sharing facility
Download deliverables any time
Password sharing
Round the clock support
Time to time updates & notifications
premium
Select the Tenure:
Form-16
With Arrears of Salary
Additional Income from other than Form-16
Balance Sheet
Dashboard for managing service
Mobile application support
Documents sharing facility
Download deliverables any time
Password sharing
Round the clock support
Time to time updates & notifications
How to E-File Income Tax Returns
Benefits of Using Legal251 for Income Tax Returns E-Filing
Efficient Time Saving
Comfort of Filing From Anywhere
Simple, Easy and Faster Process
Obtaining Valid Documentation
Avoid Penalties
Decreased complex process
Post Purchase Service Support
Best Virtual Assistance
Income Tax Returns E-Filing for Individuals and Businesses
Income Tax filing is important for every taxpayer whether you are an individual or business owner. According to the age of an individual and their gross annual income, the eligibility for Income Tax is decided. To file an ITR, individuals and businesses can use the ITR-3 or ITR-4 form.
The income for ITR-4 has to be calculated by the presumptive tax method or the conventional way. ITR filing helps you manage and record your paid taxes for the current year according to your income slab.
Every business or company has to file their income tax returns even if they are suffering a loss. In the same situation, self-employed people do not need to file income tax for that particular year. Moreover, late filing fees are applicable for both individuals and businesses.
It must be noted that for every taxpayer, e-filing provides speed, security, convenience and also saves time. It further reduces the burden of the income tax department with an alternative to traditional paper filing.
Here are some important points related to ITR E-filing for Individuals and Businesses:
-
Saves time -
Hassle-free process
-
A good alternative to traditional ITR filing
-
User-friendly interface
-
Easy verification process
-
Real-time tracking facility
Documents Required for ITR E-Filing
ITR Filing
PAN
card
Aadhaar card
Previous year Balance sheet / Audit report (if any)
Bank statements / Bank passbook
Any
Income / Deduction doucments (if any)
Previous
year return (if any)
If you are:
Salaried
Form - 16
Business/Profession:
Tally data / Audit report / Balance sheet
GST Returns (if any)
TDS Returns (if any)
Tax Deposit challan (if any)
Additionally:
If Partnership:
Partnership deed / Reconstruction deed / Dissolution
deed
Partners PAN card & Aadhaar Card
If Company & LLP:
Incorporation Certificate
MOA
AOA
Don't have all these documents?
We will
help you in preparing these documents
Just call on
Importance of Timely Income Tax E-Filing
The timely Income Tax return filing process is important for every taxpayer as it can provide you the benefit of avoiding penalties and punishments. If you need any loan for your business then the complete ITR filing can make it easy.
The process further benefits you, as the ITR filing document can work as income proof. In case you are required to show such proofs, then you can easily use the ITR filing for the same. While opting for E-filing of your ITR, unlike traditional filing procedures, you can track your filing process and keep every single update until the process is completed.
Additionally, on-time filing will also benefit you in carrying or bringing forward your losses of the current year. On the other hand, it will speed up the visa processing as it has smoothened the documentation process when you apply for the visa.
Income Tax E-Filing Process Explained
Income Tax filing is important for every taxpayer whether you are an individual or business owner. According to the age of an individual and their gross annual income, the eligibility for Income Tax is decided. To file an ITR, individuals and businesses can use the ITR-3 or ITR-4 form.
After you have submitted your documents our team will go through them carefully and will inform you if any changes are required to avoid mistakes
Our best ITR filing experts are here to deal with document necessities & fulfilment of filing.
Experts will carefully look into your expenses and income information so that they consult you regarding this.
Based on your respective plan relevant experts will prepare your Income Tax Return.
At last, we will file an Income Tax Return on your behalf and share all the deliverables with you.
Common Mistakes to Avoid in Income Tax E-Filing
-
Incorrect personal details
-
Selecting the wrong ITR form
-
Failing to report all income sources
-
Neglecting eligible deductions and exemptions
-
Late filing or non-filing
-
Discrepancy in Form 26AS and Income Details
-
Not Verifying Before Submission
-
Incomplete Disclosure of Assets
FAQs on Income Tax Return
The online process of filing income tax is known as Income Tax e-filing which allows every taxpayer to calculate their tax liability with some additional benefits.
The eligibility criteria for filing an Income Tax return works according to the Income Tax Act. All those taxpayers whose age is less than 75 years and earn over Rs. 2.5 Lakh are eligible for filing the Income tax.
Yes, you are eligible to file the Income Tax return voluntarily even if your income is less than the basic exemption limit.
For non-payment or delayed payment of ITR late filing fee will be applicable while the maximum penalty will not exceed Rs. 5,000/-.
The key benefits of filing ITR are easy loan approval, a fast visa process, claiming tax refunds and many more.
Under section 139, the ITR must be filed only if you are liable for filing. If you own a PAN card and are not liable for filing ITR then it is not mandatory.
Under Section 10(1) of the Income Tax Act, the income from agriculture and farming is exempted from any tax.
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Why Choose Legal251 for Income Tax E Filing?
Simple process
With Legal251 users can easily register online just by filling his/her name, email ID, contact number and required service. This makes it convenient for users to sign up and get started with their services.
Best Online Platform
Legal251’s online platform allows for accessibility from anywhere, making it convenient for its clients regardless of their location.
Best Legal Support
The legal251 team also provides complete support and assistance to its clients. We not only provide you with legal support after your ITR filing but also appreciate your feedback.
Experienced Team
We are familiar with the taxation industry as we already have more than 10 years of experience in the same. Thus choosing us will benefit you in working with experienced tax experts. That will ease and smooth the process of filing your Income Tax Return.
On-time Service
Our team is ready to provide you with on-time service without any delay. We know that the promise of delivering services on time reflects respect for clients' time and commitments.
Pocket-friendly Legal Services
Legal251 offers affordable ITR services, which is a significant advantage, making professional assistance accessible to a broader range of clients.
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