Process of Income Tax Return Filing with Max Benifits
Step 1
Consult our tax Experts
Step 2
Provide all the Required Docs
Step 3
Get your ITR Filed
Documents Required to File Income Tax Return File
Along with other forms, the following documents should be provided to file your income tax returns online:
- PAN Card
- Form 16(16A AND 16B)
- Investment details
- Home loan statement
- Details of Rental income
- Details of dividend income
- Life insurance receipts
- Donation receipts
- Aadhar Card
- Bank account details
- Bank statement or passbook
- Details of capital gains
- Details of foreign income
- Investments in tax saving instruments
- PPF receipt
- Details regarding equity or mutual funds
Frequently Asked Questions About Income Tax Returns (ITR)
Individuals, Hindu Undivided Families (HUFs), businesses, and other entities that meet the Income Tax Department’s income criteria are eligible to file an Income Tax Return (ITR).
You can easily file your income tax returns online by opting for hassle-free e-filing services with our tax experts at NextLevel Audit.
‘E-filing’ refers to the process of submitting income tax returns electronically via the official website of the Income Tax Department.
To check your income tax status, visit the Income Tax Department’s e-filing portal. Log in and go to the 'View Returns/Forms' section to check the status of your tax return.
E-filing your ITR is safe, user-friendly, and ensures faster processing. It guarantees tax computation accuracy, speeds up refund processing, and minimizes overall processing time.
The appropriate ITR form for e-filing depends on your income sources, residential status, and other specific factors as outlined by the Income Tax Department.
What documents are required for filing ITR?
Required documents for ITR filing include:
PAN card
Aadhaar card
Bank statements
Form 16
Investment proofs
Other relevant financial documents
The tax brackets for the assessment year 2023-2024 will be announced in the Union Budget, typically presented in February. Stay updated for the official details.
If you have overpaid tax, the refund will be processed by the government and credited directly to your bank account or sent as a cheque.
Filing your ITR is important to meet your legal obligations, avoid penalties, claim tax refunds, and maintain a record of your financial transactions with the government.
To claim your income tax return, ensure you include all eligible deductions and exemptions, and provide necessary supporting documents for accurate filing.
Yes, you can file your ITR without Form 16. You can use alternative documents like salary slips, bank statements, and investment proofs to ensure accurate income reporting.
Yes, individuals can file their ITR on their own through online platforms. However, it is highly recommended to consult tax experts to avoid errors and ensure accuracy in your filing.
The penalty for late Income Tax e-filing can range from ₹1,000 to ₹10,000, depending on the delay period and total income.
Yes, even if your company deducts TDS (Tax Deducted at Source), it is crucial to file your ITR to report total income, claim deductions, and ensure tax compliance.
You can pay your taxes online through methods like net banking or debit/credit cards. Offline options such as bank challans or physical payment at designated banks are also available.
ITRs can be filed offline by individuals, HUFs, and other entities by submitting a physical copy of the completed form at the relevant Income Tax Office.
The minimum income threshold to file ITR in India is ₹2.5 lakh for individuals below 60 years of age, although this may vary based on specific conditions.
To check the status of your tax refund, log into the Income Tax Department’s e-filing portal. Enter your PAN and the relevant assessment year under the 'Refund/Demand Status' section.
ONLINE EASE LOCAL REACH
We utilise a mix of technology and human touch to deliver quality business services, at scale across india.
