Income Tax Return Filing (ITR)

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Income Tax Return (ITR) Filing with Digiastra

Filing an Income Tax Return (ITR) is a legal requirement in India for both individuals and businesses. It involves reporting the income earned during a financial year and paying the applicable taxes as per the Income Tax Act, 1961. For many, understanding tax rules, selecting the right ITR form, and handling calculations can feel complicated. That’s where DigiAstra comes in. Our team simplifies the entire process for you — from choosing the correct ITR form to accurate filing — ensuring compliance and peace of mind.

Types of ITR Forms

ITR-1 (Sahaj)

For individuals with income from salary, pension, one house property, and other sources like interest. Agricultural income up to ₹5,000 can also be reported here.

ITR-2

For individuals and Hindu Undivided Families (HUFs) with income from salary, house property, capital gains, and other sources, but not from business or profession.

ITR-3

For individuals and HUFs earning income from business or profession, including income from partnership firms.

ITR-4 (Sugam)

For individuals, HUFs, and firms (other than LLPs) who opt for presumptive taxation under Sections 44AD, 44ADA, or 44AE.

ITR-5

For LLPs, Associations of Persons (AOPs), and Bodies of Individuals (BOIs), excluding individuals, HUFs, and regular firms.

ITR-6

For companies, except those claiming exemption under Section 11 (income from property held for charitable or religious purposes).

ITR-7

For persons and companies required to file returns under Sections 139(4A), 139(4B), 139(4C), and 139(4D) of the Income Tax Act.

ITR Rules and Calculations

Income Classification

Taxpayers must categorize their income under different heads such as salary, house property, business or profession, capital gains, and other sources.

Deductions and Exemptions

Deductions and exemptions can be claimed under various sections of the Income Tax Act, including Section 80C (investments in LIC, PPF, NSC, etc.), Section 80D (health insurance premiums), and Section 24 (interest on home loans), among others.

Tax Calculation

After computing total income and availing deductions/exemptions, taxpayers must calculate their tax liability based on the applicable income tax slab rates for the relevant assessment year.

Advance Tax and TDS

While determining tax liability, taxpayers should account for advance tax payments made during the financial year as well as tax deducted at source (TDS) by employers, banks, or other deductors.

Filing ITR Form

Based on income sources and eligibility, taxpayers must choose the correct ITR form, complete it accurately, and submit it either online or offline within the prescribed due dates.

Verification and Acknowledgment

After filing, the return must be verified through methods such as Aadhaar OTP, net banking, or by sending a signed ITR-V to the Centralized Processing Centre (CPC). Once verification is completed, an acknowledgment is issued.

Benefits of Digiastra ITR Filing Service

Expert Guidance
DigiAstra provides professional support at every step of the ITR filing process, ensuring accuracy and compliance with all applicable tax laws and regulations.

Comprehensive Assistance
Our team helps you select the right ITR form, gather required documents, complete the filing accurately, and submit it within the prescribed deadlines.

Tax Planning Advice
We offer practical tax planning insights to help you maximize savings through deductions, exemptions, and tax-efficient investment strategies.

Error Check and Correction
Each ITR form is carefully reviewed to eliminate errors or discrepancies. Any issues are corrected before submission to reduce the risk of rejection or scrutiny by tax authorities.

On-Time Filing
We ensure your returns are filed within the due date, helping you avoid penalties, late fees, and compliance hassles.

Post-Filing Support
Our services don’t stop at filing. We assist with rectifying errors, replying to tax notices, and addressing queries from the Income Tax Department.

Filing Income Tax Returns (ITR) is a key responsibility for individuals and businesses in India. With DigiAstra’s expert services, the process becomes smooth and stress-free. We help you stay compliant, save more through smart tax planning, and handle complexities with ease. With DigiAstra by your side, you can file your returns with confidence and peace of mind.

Frequently Asked Questions

Income Tax Return (ITR) filing is the procedure of declaring an individual’s income, deductions, and tax liabilities to the Income Tax Department of India. It is essential for meeting tax obligations and ensuring compliance with the provisions of the Income Tax Act, 1961.

Any individual or entity whose taxable income exceeds the specified threshold must file an Income Tax Return. This requirement applies to salaried employees, self-employed professionals, businesses, and companies.

For most taxpayers, the due date for filing Income Tax Returns (ITRs) in India is generally July 31st of the assessment year. However, the timeline may differ based on the taxpayer category and specific conditions.

 
 
 

To file an Income Tax Return, taxpayers need documents such as Form 16 (for salaried individuals), bank account statements, investment proofs, rental income details, interest income statements, tax-saving receipts, and Aadhaar card.

 
 
 

Failing to file or delaying the filing of Income Tax Returns may result in penalties, interest charges, and legal repercussions. It can also lead to forfeiture of tax refunds, denial of certain deductions, and increased scrutiny by the Income Tax Department.

 
 
 

Yes, taxpayers can revise their Income Tax Returns within the stipulated time if any mistakes or omissions are identified in the original filing. However, revisions are permitted only for specific types of returns and must be made within the prescribed period.