File your Income Tax Return (ITR) hassle-free with expert support. Avoid penalties and stay compliant.
Fast, Accurate & Affordable ITR Filing – Within 24 to 48 Hours
Income Tax Return (ITR) filing is a legal obligation for individuals, businesses, and professionals whose income exceeds the basic exemption limit or who fulfill other specified conditions under the Income Tax Act. Filing timely returns ensures compliance and allows you to claim refunds, carry forward losses, and avoid penalties.
Whether you're a salaried employee, freelancer, startup, or company, proper ITR filing is crucial. It not only helps maintain a clean financial record but is also essential for loan processing, visa applications, and government tenders.
The ITR filing process is now fully digital and requires submission of income proofs, deduction documents, and bank statements. Filing with accuracy and expert review ensures maximized benefits and reduced scrutiny.
LegalRaasta offers end-to-end support for all ITR filing needs with the following services:
As per the Income Tax Act, the following individuals and entities are required to file an Income Tax Return (ITR) annually in India to ensure compliance and avoid penalties:
Income Tax Return (ITR) forms are classified based on the nature of income and category of the taxpayer. Choosing the right ITR form is essential for accurate and compliant filing:
For salaried individuals, pensioners, and those with one house property & income up to ₹50 lakh.
For individuals/HUFs with capital gains, foreign income, or more than one property (no business income).
Applicable to individuals and HUFs having income from proprietary business or profession.
For presumptive income taxpayers (business/profession) under sections 44AD, 44ADA, and 44AE.
For partnership firms, LLPs, AOPs, BOIs (not for individuals and HUFs).
For companies other than those claiming exemption under Section 11 (charitable/religious trusts).
Filing your Income Tax Return (ITR) is not only a legal obligation but also offers multiple financial and practical benefits. Here's why timely ITR filing is important:
Filing ITR is compulsory if your income exceeds the basic exemption limit. It helps you stay tax-compliant under the Income Tax Act.
Late or non-filing may result in penalties, interest charges, and loss of certain exemptions or deductions.
ITR acts as valid proof of income for loans, visa applications, credit cards, and financial planning.
If excess TDS has been deducted, filing ITR is the only way to claim a tax refund from the Income Tax Department.
Filing Income Tax Returns (ITR) is mandatory for certain individuals and entities as per the Income Tax Act, 1961. Below are the main eligibility criteria for filing ITR in India:
Individuals whose total income exceeds ₹2.5 lakh (₹3 lakh for senior citizens) must file ITR.
All self-employed individuals, freelancers, and businesses must file ITR regardless of profit or loss.
Residents with foreign income or assets abroad (bank accounts, property) are required to file ITR.
Even if income is below the threshold, individuals must file ITR to claim refunds or report TDS deductions.
Before filing your Income Tax Return (ITR), ensure you have the following documents ready to report income, deductions, and taxes correctly:
Mandatory identification document for filing ITR.
Linked Aadhaar is required for e-verification of ITR.
Issued by employer, it shows salary paid and TDS deducted.
Bank statements, interest certificates, freelance income records, or rent receipts.
Proof of investments under Section 80C, 80D, etc., like LIC, PPF, medical insurance, etc.
A consolidated tax statement that shows TDS deducted and reported by deductors.