IT Return Filing
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Income Tax Return (Individual and Business)
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Our team of experts makes it simple for you to claim maximum deduction so you save more, all refunds are throughly checked for accuracy so you avoid penatly. We provide advisory for tax planning services for business taxation, capital gains, foreign income.
Frequently asked questions
TaxAura has team of experts with 25+ years experience who will analyse, prepare and file your returns. Experts will assist you with advise on maximum tax savings.
Income Tax Return is the form in which taxpayer files information about his income, deductions and tax payment to Income Tax Department. Income tax return is filed at end of each assessment year. You file return via various forms (ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7) depending different type of taxpayer.
You have mandatory to file income tax returns (ITR) if you fall under any of the below conditions:
1. If your gross annual income is more than-
|For individuals below 60 years||Rs 2.5 Lakh|
|For individuals above 60 years but below 80 years||Rs 3.0 Lakh|
|For individuals above 80 years||Rs 5.0 Lakh|
2. If you want to claim an income tax refund.
3. If you have more than one source of income like house property, capital gains etc.
4. If you have earned or have invested in foreign assets
5. If you wish to apply for visa or a loan
6. If the taxpayer is a company or a firm, irrespective of profit or loss