Income Tax Return (ITR) Filing

Start Your Income Tax Return (ITR) Filing with Efilingway

Efilingway simplifies the tax season for individuals, freelancers, and businesses. Our experts ensure your ITR is filed accurately, capturing all eligible deductions to maximize your tax savings.

  • Expert-Assisted Filing

  • 100% Online & Paperless

  • Maximum Tax Savings

  • Post-Filing Support

  • Govt-Certified Process
  • 100% Online Registration
  • Dedicated CA & CS Support
  • Startup-Friendly Pricing
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What is Income Tax Return (ITR) Filing?

Income Tax Return (ITR) Filing is the process of submitting a formal report to the Income Tax Department of India regarding your total earnings, deductions, and taxes paid for a specific financial year. It is a legal obligation for individuals and entities whose income exceeds the basic exemption limit.

By filing an ITR, you disclose your financial health to the government, which includes:

  • Income Details: Salary, business profits, house property, or capital gains.

  • Tax Liabilities: The total tax calculated on your gross income.

  • Tax Paid: Credits for TDS (Tax Deducted at Source) and Advance Tax.

  • Refunds: A claim for any excess tax paid during the year.

Why is it important?

  • Easy Loan Approval: Banks require ITR receipts for the last 3 years to process home or business loans.

  • Carry Forward Losses: You can only carry forward capital or business losses to future years if you file on time.

  • Visa Processing: Most foreign embassies ask for ITR copies during the visa interview.

  • Legal Compliance: Avoid high-interest penalties and legal notices from the tax authorities.

Here are the key advantages of filing your Income Tax Return (ITR):

  • Dedicated Chartered Accountant & Company Secretary
  • Complete Online Process – No Office Visit Required
  • Affordable & Startup-Friendly Packages
  • Fast Company Incorporation
  • Ongoing ROC, GST & Tax Support

Key Features of Our Income Tax Return (ITR) Filing Service

    • Expert Tax Analysis: Our Chartered Accountants (CAs) review your financial statements to identify all eligible deductions under sections like 80C, 80D, and 80G to minimize your tax liability.

    • 100% Accurate & Error-Free: We ensure precise data entry and cross-verification with your Form 26AS and AIS/TIS to prevent mismatches and avoid income tax notices.

    • Multi-Source Income Handling: Whether you have income from Salary, House Property, Capital Gains (Stocks/Crypto), or Foreign Assets, we handle complex filings with ease.

    • Secure & Confidential: Your sensitive financial data and documents are protected with bank-grade encryption and strict privacy protocols.

    • Timely Filing & E-Verification: We guarantee submission before the deadline and assist with the mandatory e-verification process to ensure your return is processed quickly by the IT Department.

    • Year-Round Tax Support: Beyond just filing, we provide year-round consultation for tax planning and responding to any queries from the tax authorities.

Eligibility & Thresholds for Income Tax Return (ITR) Filing

1.Gross Total Income Exceeding Exemption Limit:
    • For individuals below 60 years: ₹2.5 Lakh (Old Regime) or ₹3 Lakh (New Regime).
    • For Senior Citizens (60–80 years): ₹3 Lakh.
    • For Super Senior Citizens (Above 80 years): ₹5 Lakh.

       

2.Mandatory Filing (Regardless of Income) if you:

    • Have deposited more than ₹1 Crore in one or more current accounts.

    • Have incurred expenditure on foreign travel exceeding ₹2 Lakh.

    • Have electricity bills exceeding ₹1 Lakh in a single year.

    • Hold foreign assets or have signing authority in a foreign account.

    • Are a business with total sales/turnover exceeding ₹60 Lakh.

    • Are a professional with gross receipts exceeding ₹10 Lakh

Documents Required forIncome Tax Return (ITR) Filing (Efilingway Checklist)

1. Mandatory Personal Documents
    • PAN Card: Your Permanent Account Number is essential for identifying your tax record.
    • Aadhaar Card: Must be linked with your PAN as per government mandates.
    • Bank Account Details: Account numbers and IFSC codes for all active bank accounts (required for tax refunds).
2. Income Reporting Documents

    • Form 16: Issued by your employer (for salaried individuals).

    • Form 26AS & AIS/TIS: We will use these to verify taxes deducted at source (TDS) and track your high-value financial transactions.

    • Bank Statements: For the full financial year to track interest income and other credits.

    • Capital Gains Statements: From your broker if you trade in Stocks, Mutual Funds, or Crypto.
3. Tax Saving & Deduction Proofs (Chapter VI-A)

    • Section 80C: Receipts for LIC, PPF, ELSS, NSC, and Children’s Tuition Fees.

    • Section 80D: Premium receipts for Health Insurance for yourself or your parents.

    • Home Loan Interest Certificate: Provided by your bank if you have an active housing loan.

    • Donation Receipts: Under Section 80G for any charitable contributions made during the year.

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