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How Do I File An Income Tax (ITR) Return With CADesk India?

CADesk India has simplified the process of filing ITR return, allowing you to complete it in just 3 steps!

As soon as you reach out to us our expert team will get in touch and collect
all the required information.

Our team will immediately start the required paperwork and will draft the
return.

Your expert crafted income tax return will be ready for filing before
you know it!

As soon as you reach out to us our expert team will get in touch and collect all the required information.

Our team will immediately start the required paperwork and will draft the
return.

Your expert crafted income tax return will be ready for filing before
you know it!
Overview Documents Required Checklist Benefits Last Date Who Should File ? How to File Your Income Tax? Why CADesk India ? Recent Updates FAQs
 
 

Every responsible Indian citizen should file income tax to the government. With present technology, you can easily file your income tax online. This process is fast and accurate with no time constraints.

However, e-filing income tax returns in India through the official website involves filing ITR forms. There is a different ITR form for individual and ITR form for salaried person. This is a critical task because the income tax department has various forms titled from ITR 1 to ITR 7. Each form has a specific function and belongs to a particular category.

Even if you miss a single field in the form or make any errors your income tax will not be filed on time. This is where you need expert guidance. CADesk files income tax for both individuals and institutions regularly. So you can easily count on us to file your income tax returns. For that, you will have to provide us with the following documents.

 
 
 
If you are an employee:
  • PAN card
  • Form 16 provided by your employer
  • Salary slip (each month)
If you are a business owner:
  • Trading report
  • Business account details
  • Profit and loss statement if any
Apart from this, you can submit:
  • Investment proofs
  • Asset purchase/sale documents
  • TDS certificates provided by banks
  • Interest income statement
  • Receipts regarding donations mutual funds and other forms of investments

 

 
 
Section 139 (1) of the Income-tax Act 1961 specifies any individual whose total income during the previous year is more than the maximum amount not chargeable to tax should file their income tax returns.
Let us make it clear: Any individual earning more than ₹2.5 lakhs, ₹3 lakhs or ₹5 lakhs should file ITR.
 
 
The advantages of filing IT returns are:
Loans

Bank loans like education loans, vehicle loans, personal loans, can be availed easily as they require the last three year’s IT returns.

Visa

 As Immigration centres scrutinise many documents and IT returns, proofs are a mandatory document for visa applicants.

Avoid penalties

 Hefty amounts would be charged for non-filing of income tax returns and hence it is always better to file it to avoid legal repercussions.

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So if you come under the taxable income make sure to file it before the last date.

  • Individuals or a firm that are not liable for audit should file income tax returns before July 31 of every year.
  • An institution or a company that is liable for an audit should file its IT returns before September 30 of every year.
  • Individuals and companies filing belated returns should complete before March 31 of every year
 
 

According to the Income Tax Department, the following entities are required to file yearly IT returns:

  • Salaried individuals with gross income exceeding the exemption level before deductions under sections 80C to 80U
  • Regardless of profit or loss, every firm, whether private limited, LLP, or partnership, is required to file IT returns
  • Individuals who are Directors in a Private Limited Company or a Partner in a Limited Liability Partnership firm.
  • Individuals who earn dividends from mutual funds, bonds, equities, fixed deposits, interest, and other sources
  • Individuals that receive income through charity or religious trusts, as well as income from voluntary contributions
  • Individuals and businesses seeking tax refunds
  • NRIs and tech professionals on onsite deputation, as well as anyone with foreign income or assets
 
 
 
Filing income tax returns on your own is going to be a tedious task. But if you choose Vakilsearch to file your income tax returns, the whole process can be completed in just three steps. We have an expert team who can provide support around the clock and file your income tax returns without any delay. Why Do It Yourselves, when our experts can do it for you ASAP
 
Affordable price:

When compared to other competitors we provide the most affordable price to file your income tax returns.

CategoryCharges
Salaried Employees upto ₹50 Lakhs₹799
Salaried Employees More than ₹50 Lakhs₹1499

Super fast process If you are running low on time or pretty close to the deadline then you should reach out to our experts. We provide the fastest income tax returns filing process in the country

Adept team: Filing income tax returns is one of our daily jobs, our team does it with such ease!

Popular in town: More than thousands of companies choose CADesk India for filing their Income tax. Apart from this, we have a large number of individuals who choose CADesk India for filing their income tax returns online.

All you have to do is reach out to us, sit back, relax, and watch your income tax return filing at super ease.

 

 
2 Working Days

Just share your bank statement and cash transaction details and we'll create the financial statements. In two working days, you'll get your ITR filed.

9.1 Customer Score

We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

160 Strong Team

Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.

 

Deadline to file Income Tax Returns for the FY 2019-20 has been extended

November 23, 2020

The Deadline to file Income Tax Returns for the FY 2019-20 has been extended to 31st December 2020. A new change has been implemented in the ITR form known as Schedule 112A disclose details of the sale of equity share or unit of equity-oriented fund on which Securities Transaction Tax (STT) is paid.

Penalty Deduction on TDS

24th February: Delayed deposit of TDS will attract only 9% penalty instead of 18%

ITR Filing Deadline Extended

30th July: The Central Board of Indirect Taxes has extended the tax filing deadline. Yes, now taxpayers can file returns for the FY 2019-20 till 30th November, 2020, instead of 31st July and 30th September.

FAQs on Easily File Your Income Tax Return (ITR)

My company deducts TDS, should I still file my tax return?

Of course, technically there is a difference between filing income tax returns and detecting TDS. In this case, when you file a tax return it becomes a proof of payment of all taxes due. The income tax return documents will also be an added benefit when you apply for a loan. Also, if there are any excess taxes deducted the same will be refunded to your bank account

If I had paid extra tax how would it be refunded to me?

The government has provided options to refund your excess tax amount when you file your IT return. This will be credited directly to the specific bank account through an ECS. Make sure to file the bank details with utmost care.

Should I also file a return of income when I am at a loss?

You must file a return in time even if you face any financial loss in that particular year. You can easily carry forward to adjusting with the positive income in the following years. But this option will be provided only if you file your income tax return on time. For further queries, you can write to us

Should I attach any documents along with the ITR forms?

Technically an income tax return form should not be attached to any other documents. However, you should provide these documents in proper order in case of any inquiry.

What is the minimum salary to file ITR?

As per the Income tax Act, you should file an income tax return in India if your total income exceeds ₹2.5 lakh in the given financial year.

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