• MDC, 1st Floor, Azad market, Pirmuhani Chowk, Kadamkuan, Near Uma Cinema, Patna, Bihar, 800003

Income Tax Return (ITR)

Income Tax Return (ITR) is a form that individuals and businesses use to file their income tax returns with the Income Tax Department of India. It is a mandatory requirement for all individuals and businesses that earn income above a certain threshold.

Types of ITR Forms

Form Description
ITR-1 (SAHAJ) For individuals with income from salary, pension, or income from other sources.
ITR-2 For individuals with income from salary, pension, or income from other sources, and also have income from capital gains.
ITR-3 For individuals with income from business or profession.
ITR-4 (SUGAM) For individuals with income from business or profession, and also have income from other sources.
ITR-5 For firms, associations of persons, and body of individuals.
ITR-6 For companies.
ITR-7 For persons required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F).

How to File ITR:

ITR can be filed online through the Income Tax Department's website or through a tax consultant.

Here are the steps to file ITR online:

  1. Register on the Income Tax Department's website: Create a username and password to access the website.
  2. Download the ITR form: Download the relevant ITR form from the website.
  3. Fill in the details: Fill in the details required in the ITR form, using the documents mentioned above.
  4. Calculate the tax: Calculate the tax payable or refundable, based on the income and expenses.
  5. Submit the ITR form: Submit the ITR form online, along with the required documents.
  6. Verify the ITR: Verify the ITR form, using the Aadhaar number or digital signature.

Required Documents

  • Pan Card
  • Aadhaar Card
  • Form 16
  • Form 26AS
  • Bank Statements
  • Capital Gains Statement

Due Date for Filing ITR:

The due date for filing ITR is typically July 31st of every year, for the previous financial year.
However, the due date may be extended by the Income Tax Department, in certain circumstances.

-->
Go Back Top