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File ITR TDS Income Tax Return | Online File ITR 1  ITR 2 ITR 3 ITR 4 ITR 5 ITR 6 ITR 7 TDS Refund Income Tax Return eFiling India

What is ITR Income tax Return ?

ITR represents Income Tax Return​. It is a recommended structure through which the income earned by an individual in a financial year and taxes paid on such pay are conveyed to the Income tax Department. It likewise permits to carry forward the losses and claim refund from Income tax Authority.​Different types of ITR forms prescribed in the law for different type of income and class of person where the person declare their income and taxes. These structures can be downloaded from Income Tax India Efiling.

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Who Needs to File ITR / File Income Tax Return I India :

Following person will required to file itr / income tax return through efiling mode:

  • Individual/HUF who is under 60 years old and has a yearly income more than Rs 2.5 lakh i.e the basic exemption limit, as indicated by the Income Tax Act. For senior residents, the fundamental exemption limit is Rs 3 lakh, and for the individuals who are over 80 years of age, the basic exemption limit is Rs 5 lakh.

  • For company it is compulsory to file income tax return for every financial year regardless of annual income. Further if there should be an occurrence of organization E - documenting is compulsory.

  • A firm or an individual or a Hindu Undivided Family (HUF) whose accounts are needed to be audited under section 44AB will mandatory required to file itr / income tax return and should be digitally signed.

  • An occupant assessee having any resources (remembering monetary interest for any element) situated outside India or signing authority in any record situated outside India will required to file itr electronically with or without digital signature.

  • Person claiming relief under section 90, 90A or 91 will required to file income tax return electronically with or without advanced mark or by utilizing electronic check code.

  • If Assessee need to claim refund then he need to mandatory file income tax return

  • If assessee needs to carry forward losses, at that point itr efiling is compulsory

  • The itr return must be filed for salary income, pension income, income from renting out property, income from selling property, jewellery and other movable and immovable property, income from business or providing services etc.

  • You should file itr in the event that you have gone into any transaction under the Annual Information Return.

  • A person who is needed to file itr of review under section 10(23C)(iv), 10(23C)(v), 10(23C)(vi), 10(23C)(via), 10A, 10AA, 12A(1)(b), 44AB, 44DA, 50B, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB or 115VW.

Benefits of efiling ITR / File Income tax Return :


Assuming you document an Income Tax Return, the location referenced in this is utilized to serve you with any correspondence from the Income Tax Department. Thusly, a duplicate of affirmation of personal expense form can be utilized as private confirmation.



Banks compulsorily require Income return form prior to authorizing an advance to evaluate the credit reimbursement limit and worth of the borrower.



If you have not filed income tax return, you may need to bear the burden of penalty and interest. Accordingly, to evade punishment and interest installments, one should file itr / income tax return annually.


Efiling IS MUST TO GET Income tax Refund

In the event that you look for a refund from the income tax department. For instance, if your employer has deducted excess TDS from your salary or the Bank has deducted excess TDS from your interest income, at that point you need to file income tax return and claim refund.



For allowing you VISA, there is a need to show your income proof. Income tax Return are utilized as proof of your income.


To Get Home, Business or Personal Loan

Mostly banks demanded 3 previous assessment years income tax return to review your annual income and payback strength of loan of yours. Without income tax return, banks or nbfc cannot proceed to sanction your loan application


Applying for a higher insurance cover

Nowadays disaster protection organizations requests ITR receipts on the off chance that you select to purchase a term strategy with whole safeguarded of Rs.50 lakh or more. Government delicate: If you intend to begin a business and need to fill an administration delicate, you should show your expense forms of the earlier years. This, once more, is to show evidence of your monetary status and if you can uphold the installment commitment


Work as Net Worth Certificate

Salaried people get Form 16 as their pay confirmation however financial specialists, advisors and accomplices of firms don't get Form 16. Henceforth, ITR receipts become a much more significant record for them, turned out their yearly revenue surpasses the essential exception cutoff of Rs 2.50 lakh. For a wide range of monetary exchanges, ITR receipts will be the lone verification of pay and duty installment for the independently employed

Documents and Details Required to File ITR / Income Tax Returns :

  • PAN card,

  • AADHAR card,

  • Complete Bank Statement / Bank passbook of Financial Year,

  • Income Tax Login Credentials.

  • Form 16

  • Purchase and sale deed of Property.

  • Demat account statement for share mutual funds income.

  • Housing loan Statement.

  • Books of accounts maintained:-
    Sale book, Purchase book, Expense Voucher book, Complete Bank Statements, Stock register Book, Fixed Assets Book, Audit Report

  • TDS Returns.

  • GST returns.

  • Fixed Deposit Interest certificate.

  • LIC Premium Receipt.

  • Tuition fees receipt.

  • Health insurance premium receipt.

  • Donation receipt.

  • PF / ESI Passbook.

Types of ITR Forms / Income Tax Return Forms :

ITR 1 (Sahaj):

This form is for Individuals being a Resident (other than not usually occupant) having complete pay upto Rs. 50 lakhs, having Income from Salaries, one house property, different sources (Interest, and so on), and farming pay up to Rs. 5,000. This form isn't for a person who- 

  • has resources (remembering monetary interest for an element) situated outside India; or 

  • has pay from any source outside India; or 

  • is a Director in any company; or 

  • has held any unlisted value share whenever during the earlier year; or 

  • possesses more than one house property, the pay of which is chargeable under the head "Pay from House Property"; or 

  • has pay under the head "Pay from Other Sources" in the idea of:- 

  • winning from lottery; 

  • activity of owning and maintaining race horses; 

  • pay available at exceptional rates under Section 115BBDA or Section 115BBE; or 

  • have carry forward of losses or to set off the losses; or 

ITR 2 : This ITR is for Individuals and HUFs not having income from business. 


ITR 3 : This form is for Individuals and HUFs having income from business. 


ITR-4 (Sugam):

ITR 4 is applicable on individual, HUF and firms, which is resident and having total income upto Rs. 50 Lacs, not maintaining their books of accounts and want to pay tax on presumptive basis as per the provisions of the Income Tax Act, 1961. This excludes person who- 

  • has resources (remembering monetary interest for an element) situated external India; or 

  • has pay from any source outside India; or 

  • is a Director in any organization; or 

  • has held any unlisted value share whenever during the earlier year; or 

  • claims more than one house property, the pay of which is chargeable under the head "Pay from House Property"; or 

  • has pay under the head "Pay from Other Sources" in the idea of:- 

  • rewards from lottery; 

  • action of purchasing and keeping up race ponies; 

  • pay available at unique rates under Section115BBDA or Section 115BBE; or 

  • has any presented misfortune or misfortune to be conveyed forward under any head of pay; or 

  • is assessable for the entire or any piece of the pay on which duty has been deducted at source in the possession of an individual other than the assessee. 


ITR 5 : This form is for people Other than an Individual, HUF, Company and person  filing return in Form ITR 7 . 


ITR 6 : This form is for Companies other than organizations exemption under Section 11 of the Income Tax Act, 1961. 


ITR 7 : This structure is for people including Companies needed to outfit return under Sections 139(4A) or 139(4B) or 139(4C) or 139(4D) of the Income Tax Act, 1961 in particular.


Precautions should be taken while filing the ITR / Income Tax Return

The followings are the significant advances/focuses/safety measures to be remembered while documenting the arrival of pay: 

  • The above all else safety measure is to record the arrival of pay prior to the due date. Citizens ought to dodge the act of recording late return. Following are the results of deferral in recording the arrival of pay/Loss (other than house property misfortune):
    a. Misfortunes can't be conveyed forward. 
    b. Toll of interest under section 234A. 
    c. Late documenting charges under segment 234F is required for return recorded from A.Y 2018-19 onwards. Late documenting expense of Rs. 5,000 will be payable if return outfitted after due date however before 31st December of the evaluation year. In different cases, late documenting expenses of Rs. 10,000 is payable. 
    Anyway measure of late recording charges to be paid can't surpass Rs. 1,000, if all out pay doesn't surpass Rs. 5 Lakh. 
    d. Exceptions under area 10A, segment 10B, are not accessible. 
    e. Derivation under 80-IA, 80-IAB, 80-IB, 80-IC , 80-ID and 80-IE, are not accessible. 
    f. Derivation under 80IAC, 80IBA, 80JJA, 80JJAA, 80LA, 80P, 80PA, 80QQB and 80RRB are not accessible. (From A.Y 2018-19) 

  • Taxpayer ought to download Form 26AS and ought to affirm real TDS/TCS/Tax paid. Assuming any inconsistency is noticed, appropriate move ought to be made to accommodate it. 

  • Compile and cautiously study the records to be utilized while documenting the arrival of pay like bank explanation/passbook, premium testament, speculation confirmations for which derivations is to be guaranteed, books of record and asset report and P&L A/c (if material), and so on 

  • No archives are to be appended alongside the arrival of pay. The citizen ought to recognize the right return structure material for his situation. Cautiously give all the data in the bring structure back. Affirm the computation of all out pay, allowances (assuming any), interest (assuming any), charge obligation/discount, and so forth 

  • Ensure that different subtleties like PAN, address, email address, ledger subtleties, and so forth, are right. 

  • After filling every one of the subtleties in the arrival of pay and after affirmation of the multitude of subtleties, one can continue with recording the arrival of pay. On the off chance that return is recorded electronically without computerized signature and without electronic confirmation code remember to post the affirmation of documenting the arrival of pay at CPC Bangalore 120 days of filing of ITR / Income Tax Return.

TDS Return / TCS Return

What is TDS Return / TCS Return ?

The idea of TDS Return / TCS Return was acquainted with a point with gather charge from the actual type of revenue. According to this idea, an individual (deductor) who is obligated to make installment of determined nature to some other individual (deductee) will deduct charge at source and transmit something very similar into the record of the Central Government. The deductee from whose annual duty has been deducted at source would be qualified for get credit of the sum so deducted based on Form 26AS or TDS authentication gave by the deductor.

TAX DEDUCTED AT SOURCE (TDS) / TAX COLLECTED AT SOURCE (TCS) is a framework presented by Income Tax Department, where individual answerable for making determined installments like compensation, commission, proficient charges, interest, lease, and so on is obligated to deduct a specific level of assessment prior to making installment in full to the collector of the installment. As the name proposes, the idea of TDS is to deduct charge at its source.

When TDS / TCS is required to be deposited in Government Account:

When is the tax paid without an any Challan - On that very day (relevant if there should arise an occurrence of book change.)

TDS made during the period of March - On or before 30 April.

TDS made during months other than March - On or before 7 days from the month's end.

TDS on acquisition of enduring property (1941A)* - On or before 30 days from the month's end of deduction.

Results for Non-Filing of TDS Return / TCS Return, late filing, filing wrong input in TDS Return :

  • With effect from 1 July 2012, if the deductor failed to file tds / tcs return in the prescribed time, then the deductor required to pay

  • via section u/s 234E, an amount of Rs. 200 for every day during which the default continue.

  • With effect from 1 July 2012, the filing of erroneous data in the tds return by the deductor would make him responsible to a penalty, which will not be not as much as Rs. 10, 000 however which may reach out to Rs. 1 lakh.

  • In the event of late filing of tds / tcs return is over one year from the defined date, at that point the deductor will be also responsible to take care of a base penalty of Rs. 10,000 which may stretch out to Rs. 1 lakh.

  • Inability to apply for TAN or provide right TAN by the deductor may bring about a punishment of Rs. 10, 000.

Who are Liable to deduct TDS and File TDS Return ?

Following deductors need to file TDS Return in the forms indicated in electronic system. Deductors can be:

  • The office of the Government

  • A Company

  • An individual who is needed to get his records audited under area 44AB in the quickly going before financial year

  • Where the quantity of deductee's records in the quarterly proclamation for any quarter of the financial year is equivalent to or more than twenty


Note: if there should arise an occurrence of some other deductor, outfitting the quarterly assertion in electronic structure is discretionary.

Why ITR Expert / Income Tax Expert  is Important

INCOME TAX Consultant is an expert in their field and have deep knowledge about the INCOME TAX application, what documents required for INCOME TAX Return, what are the set formats of documents as per rules and regulation of INCOME TAX under which only the businessmen is allowed to prepare the documents and attached in the application. Businesses are not aware about the right documents and defined formats and face rejection of INCOME TAX Return in a case they applied for INCOME TAX Return without the help of INCOME TAX Expert.


Following are the benefits to hire the INCOME TAX expert / INCOME TAX consultant :


  • Assist in preparation of INCOME TAX RETURN.

  • Assist in preparation of documents and details which need filing INCOME TAX RETURN. ITR will be prepared as per the set formats defined under INCOME TAX rules and regulations.

  • Assist in expedite the process of scrutiny of documents and file the ITR in 3 days. 

  • Time to Time update regarding new rules and regulation published at INCOME TAX Portal.

  • Conduct Audit and Inspect the premises of the business and suggest the checklist points which the business need to comply with to avoid heavy penalties and imprisonment penalties.

Why Choose
Raag Consultants 

Raag Consultants is India's leading online legal service platform committed to assisting individuals with beginning and develop their business, at a reasonable cost. We were begun in 2017 with the mission of making it simpler for Entrepreneurs to begin their business and provide one stop solution platform for all the mandatory legal compliance. We have since helped begin and work a huge number of organizations by offering a scope of business legal support. Our motive is to help the businesses on the legal and administrative requirements, and be an accomplice all through the business lifecycle, offering support at each stage to guarantee the business stays in compliance with every mandatory legal requirements and persistently developing. 


We use a blend of innovation and human touch to convey quality business administrations, at scale across India. Our group of 100+ workers and our organization of more than 3000 experts spread across over 70+ cities and towns has caused us serve more than 1 million clients throughout the most recent 4 years. One of our quality delivering services are as under:

  • Professional working in Raag Consultants is having the experience of more than 28 years in their field.

  • Deliver the Services on time committed to our Clients, Save time of our Clients.

  • Guaranteed Lowest Cost as compared to other Consultancy Firm.

  • Committed to deliver best, if you are not satisfied with our services then all the advance professional fees will be refunded to you.

  • 24/7 Expert Assistance for our Clients.

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