Income Tax
Income Tax Filing
File your income tax return accurately with proper deduction claims, tax credit verification and timely e-verification.
Overview
Income tax return filing is an annual obligation for individuals, HUFs, firms, companies and other entities whose income exceeds the basic exemption limit or who are otherwise required to file under the Income Tax Act, 1961. The correct ITR form must be selected based on the nature and source of income.
Who Should File?
- Individuals with total income above the basic exemption limit
- All companies and firms (irrespective of income)
- Persons who want to claim a refund
- Residents with foreign assets or foreign income
- Persons with specified high-value transactions
Our Process
- Review income from all sources (salary, business, capital gains, etc.)
- Identify applicable deductions (80C, 80D, 80G, etc.)
- Verify TDS credits against Form 26AS and AIS
- Select the correct ITR form
- Compute tax liability or refund
- File the return on the e-filing portal
- Complete e-verification
Why Choose VSB Consultants?
We review your income comprehensively, ensure you claim all eligible deductions and credits, select the correct return form and file accurately with proper e-verification.
Requirements, documents, government fees, professional fees and timelines may vary depending on the applicant, jurisdiction, portal status and applicable law. The final scope will be confirmed after reviewing the specific case.
FAQ
Frequently Asked Questions
For individuals and non-audit cases: 31st July. For businesses requiring audit: 31st October. For transfer pricing cases: 30th November. These dates may be extended by the government.
The correct form depends on your income sources — ITR-1 for simple salary income, ITR-2 for capital gains, ITR-3 for business income, ITR-4 for presumptive taxation. We will select the appropriate form for your situation.
After filing, the return must be verified electronically (through Aadhaar OTP, net banking, DSC or bank account EVC) or by sending a signed ITR-V to CPC Bengaluru within 30 days.
Yes, a belated return can be filed before the end of the assessment year (31st December of the relevant year). However, a late filing fee of Rs 5,000 (Rs 1,000 if income is below Rs 5 lakhs) may apply.
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Discuss Your Requirement
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