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Tax Services
Income Tax Return (ITR) Consultation Services
Professional guidance for all your ITR filing needs
to ensure compliance and maximize tax benefits.
ITR Filing for Salaried Individuals
Income Tax Return (ITR) filing is mandatory for salaried individuals earning income from salary, house property, or other sources like interest. Filing the correct form (ITR-1 or ITR-2) ensures income is accurately reported and eligible deductions are claimed under various sections such as 80C and 80D. It also enables timely refund processing and helps avoid notices or penalties.
Key Features
Applicable for ITR-1 and ITR-2
Ideal for salaried individuals
Covers income from rent or interest
Helps in claiming deductions
Enables timely refund processing
Prevents late filing penalties
Supports financial planning and loan eligibility
Complies with AIS & Form 26AS data
ITR Filing for Business Professionals
Individuals running a business, freelancing, or practicing professions like medicine, accounting, or consultancy are required to file ITR-3 or ITR-4, depending on their chosen tax scheme. Presumptive taxation under Sections 44AD and 44ADA reduces the need for maintaining detailed books of accounts. Accurate filing ensures proper deduction of expenses and avoids tax scrutiny.
Key Features
Covers business/professional income (ITR-3/4)
Presumptive tax options available (44AD/44ADA)
Includes freelancers, consultants, etc.
Helps claim business expense deductions
Reduces audit burdens under presumptive scheme
Required for tenders and MSME certification
Prevents tax scrutiny and penalties
Boosts business transparency and growth
Capital Gains ITR Filing
Capital Gains ITR Filing is essential for individuals earning from sale of shares, mutual funds, real estate, gold, or other capital assets. Long-term or short-term gains must be accurately reported in ITR-2 or ITR-3, depending on other income sources. Exemptions under Sections 54, 54EC, and 54F can be claimed if reinvested properly. Accurate filing ensures compliance with AIS/Form 26AS.
Key Features
Applies to gains from shares, property, etc.
Requires use of ITR-2 or ITR-3 forms
Includes long-term and short-term gains
Supports exemption claims under Sec 54 etc.
Ensures compliance with AIS/26AS reporting
Prevents notices for underreporting gains
Important for HNIs and investors
Affects future loan and visa applications
ITR Notice Response / Rectification
If an individual receives a notice under Sections 139(9), 143(1), 148, or finds an error in the original ITR, timely action is necessary. Notices may relate to defective returns, mismatch in TDS, or scrutiny under reassessment provisions. Filing a revised or rectified return under Sections 139(5) or 154 can help correct mistakes and avoid penalties.
Key Features
Applicable under Sec 139(9), 143(1), 148 etc.
Covers revised and rectification filings
Helps respond to CPC notices
Prevents penalty and prosecution risks
Corrects errors in original returns
Ensures clean tax records
Supports better case representation
Essential for compliance after reassessment
ITR Applicability Matrix
This matrix helps taxpayers understand which ITR form to use based on their income sources and taxpayer category.
| ITR Form | Who Should Use It | Applicable Income Sources | Presumptive Scheme |
|---|---|---|---|
| ITR-1 (Sahaj) | Salaried Individuals | Salary, Pension, One House Property, Interest Income | ❌ |
| ITR-2 | Salaried with Capital Gains or Foreign Assets | Salary, Capital Gains, Multiple House Properties | ❌ |
| ITR-3 | Business Professionals | Business, Profession, Capital Gains, Other Sources | ❌ |
| ITR-4 (Sugam) | Small Business & Freelancers under Presumptive Taxation | Business/Profession under Sec 44AD/44ADA | ✅ |
Need Professional ITR Consultation?
Our tax experts can guide you through ITR filing, notice responses, and ensure you maximize deductions while maintaining full compliance.
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