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Tax Services
Income Tax Return (ITR) Filing Services
Professional ITR filing services tailored to different income categories
to ensure compliance and maximize tax benefits.
ITR Filing for Salaried Individuals
Salaried individuals must file ITR to report income earned from salary, interest, house rent, or capital gains. Most commonly, ITR-1 (Sahaj) is used if income is below ₹50 lakh and from one house property; otherwise, ITR-2 is applicable. Filing enables the claiming of deductions under Sections like 80C, 80D, and helps with tax refunds and financial documentation.
Key Features
Ideal for income from salary and interest
ITR-1 or ITR-2 used based on income type
Enables deduction claims under 80C, 80D etc.
Helps with home loans and visa documentation
Ensures refund for excess TDS deducted
Aligns with Form 16 and AIS data
Required even for multiple employers
Prevents late fee under Section 234F
ITR Filing for Business & Professionals
Individuals earning income from business or profession, including shopkeepers, freelancers, consultants, and contractors, must file ITR-3 or ITR-4 depending on their structure and tax preference. Presumptive taxation (Sec 44AD/44ADA) is available to reduce compliance burden for small taxpayers. Accurate return filing helps with deduction of legitimate business expenses and timely GST reconciliation.
Key Features
Applies to business income and professionals
Use ITR-3 or ITR-4 based on presumptive scheme
Helps claim business-related deductions
Mandatory for freelancers and consultants
Required even during no-income financial years
Supports GST reconciliation and compliance
Enhances eligibility for business funding/loans
Can require audit above ₹1/2 crore turnover
ITR Filing for Capital Gains
Individuals earning income from sale of capital assets such as shares, mutual funds, real estate, or gold must file ITR-2 or ITR-3 depending on additional income sources. Capital gains are classified as short-term or long-term and taxed accordingly. Exemptions under Section 54, 54EC, and 54F can be claimed on reinvestments. Filing ensures compliance with AIS/Form 26AS and prevents notices from the Income Tax Department.
Key Features
Covers capital gains from property, stocks, mutual funds
Requires accurate LTCG/STCG classification
Use ITR-2 or ITR-3 based on income type
Allows exemption claims under Section 54 series
Matches with broker statements and AIS data
Avoids future scrutiny and reassessment notices
Especially important for investors and HNIs
Helps in home loan and visa documentation
ITR Filing for NRIs
Non-Resident Indians (NRIs) earning taxable income in India—such as rent, interest, capital gains, or business income—must file ITR in accordance with their residential status under Section 6 of the Income Tax Act. DTAA (Double Tax Avoidance Agreement) provisions may apply to avoid dual taxation. Common ITR forms include ITR-2 and ITR-3 depending on income sources.
Key Features
Based on residential status under Section 6
Applicable to rent, NRO interest, and capital gains
ITR-2 or ITR-3 forms generally used
DTAA benefits applicable to avoid double taxation
Required even if income is below taxable limit
Helps in repatriation and TDS refund claims
Ensures clean tax history for visa & investments
Foreign asset reporting applicable (if resident)
ITR Filing Form Selection Matrix
This matrix helps taxpayers understand which ITR form to use based on their income sources and taxpayer category.
| ITR Form | Applicable To | Main Income Sources |
|---|---|---|
| ITR-1 (Sahaj) | Resident Individuals (≤ ₹50L income) | Salary, Pension, One House Property, Interest |
| ITR-2 | Individuals & HUFs (No business income) | Salary, Capital Gains, Foreign Assets |
| ITR-3 | Individuals & HUFs (with business/profession) | Business, Profession, Capital Gains |
| ITR-4 (Sugam) | Presumptive Income under Sec 44AD/44ADA | Business/Profession under presumptive tax |
Need Professional Help With Your ITR Filing?
Our tax experts can help you select the right ITR form, maximize deductions, and ensure accurate filing to avoid notices and penalties.
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