After the introduction of Online Filing Income tax returns by the income tax department, it becomes very easy and simple task to file income tax returns online.
We would like to provide few simple steps to File Income Tax Returns Online.
Identify the sources of income
Collect all documents to prepare tax returns
Register in easyitfiling.com to start your income tax returns filing
Choose Sources of income, Tax Payments, Savings options applicable
Review Total Income & Tax payable
Enter Bank details for Refund
Confirm Income Tax Filing
A Identify the Sources of Income:-Based on the source of income, we can categorize income against the various heads u/s Income-tax Act.
Income from Salary / Pension
In Income from Business/Profession
Income from House Property / Housing Loan ( Loss from Housing loan)
The Income from Capital Gains
Income from Other Sources
Collect all documents to Prepare Income Tax Returns:-Collect all the documents that support your sources of income, Tax Payments, Savings Certificates and Tax Deducted Certificates.
Sale/purchase documents of moveable/immovable assets
Income from Other Sources
All documents related to income
TDS certificates
Advance tax paid
What are the Document Required Income Tax Filling?:
While it depends on your income sources, it’s as easy as your Form-16 for the most part. Please check the list below to achieve maximum deductions and consistency!
Copy of the last year’s tax return > to report any losses and other details.
Your bank statements > refer the interest paid to your loans, balances, etc.
TDS certificates > to include taxes already paid to the IT department.
Your Savings Certificates/Deductions/Gifts > to include deductions.
People with disabilities Certificates in your family > to include deductions
An interest statement showing the interest paid to you. > Possibly from the bank and/or the postal office.
If you have Business income/loss, have BS, P &L A/c, Bank Account statements, & other requisite Tax Audit Reports.
What are Advantages of filing income tax ? :
In recent decades, low-income tax filing compliance in India has been observed, and in recent years, the Government of India has taken strict measures to enforce the Income Tax Act by linking various benefits to prompt tax filers. Benefits of tax filing, including but not constrained to:
Get your loans easier
Avoid paying penalties, embarrassment,
Get your refund on excess tax payments
Free hurdle for foreign VISA Stamping with IT returns filing
Enhance your creditworthiness with future loans
Be a responsible citizen to support the growth of India and to make peace of mind for you as well as your family.
What is Section 234F -Fee (Penalty) for delay in filing Income-tax return ?
Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders.
Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields.
We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.
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