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ITR Filing in Jaipur – Hassle-Free Income Tax Return Services

Introduction

Income Tax Return (ITR) is a form in which taxpayers provide details of their income earned and taxes paid to the Income Tax Department of India. It is mandatory under the Income Tax Act, 1961 and Income Tax Rules, 1962, for individuals and entities meeting certain income criteria to file their ITR every financial year.

ITR Forms vary based on the nature of income and taxpayer category. Common forms include ITR-1 to ITR-7.

Advantages of ITR Filing

  • ✅ Legal Compliance
    Mandatory as per the Income Tax Act for eligible individuals and businesses.
  • ✅ Avoid Penalties
    Non-filing may attract penalties of up to ₹5,000 under Section 234F.
  • ✅ Loan & Visa Approvals
    ITR acts as an income proof while applying for home loans, vehicle loans, and visas.
  • ✅ Claim Refunds
    Filing ITR is necessary to claim TDS refunds or overpaid taxes.
  • ✅ Carry Forward Losses
    Losses from business or property can be carried forward only if ITR is filed on time.

Who Should File Income Tax Returns?

ITR Filing is mandatory for the following:

  • Individuals with Gross Total Income (GTI) exceeding the basic exemption limit:
    • Below 60 years: ₹2.5 Lakh
    • Between 60–80 years: ₹3 Lakh
    • Above 80 years: ₹5 Lakh
  • Those with multiple income sources – salary, rent, interest, capital gains, etc.
  • Individuals with foreign income or assets.
  • Companies, LLPs, and firms – regardless of income/profit.
  • To claim tax refunds, apply for a visa or loan, or establish income proof.

Types of ITR Forms and Applicability

ITR-1 (SAHAJ)

For resident individuals with:

  • Income from salary or pension
  • Income from one house property
  • Income from other sources (excluding lottery, horse races)
  • Agricultural income up to ₹5,000

Cannot be used if:

  • Income > ₹50 lakh
  • More than one house property
  • Capital gains or business income
  • Director in a company or foreign asset holder
ITR-2

For individuals and HUFs with:

  • Income from salary, more than one house property, or other sources
  • Capital gains
  • Foreign income or assets
  • Holding unlisted shares or being a company director

Not for those with business or professional income

ITR-3

For individuals and HUFs:

  • Having income from proprietary business or profession
  • Also includes other sources (house property, salary, etc.)
  • Partner in a firm
ITR-4 (SUGAM)

For resident individuals, HUFs & firms (not LLPs) under presumptive taxation (Sections 44AD, 44ADA, 44AE).

Cannot be used if:

  • Income > ₹50 lakh
  • Foreign income or assets
  • More than one house property
  • Holding unlisted equity shares
ITR-5

For:

  • LLPs, Firms, AOPs, BOIs, Estate of Deceased or Insolvent, Business Trusts, Investment Funds
ITR-6

For all companies (except those claiming exemption under Section 11 – charitable/religious income)

ITR-7

For persons/companies filing under:

  • Section 139(4A) to 139(4F)
  • Trusts, political parties, research associations, educational institutions, hospitals, etc.

Documents Required for ITR Filing in Jaipur:

  • PAN Card
  • Aadhaar Card
  • Form 16 (Salary TDS Certificate)
  • Salary Slips
  • Form 26AS (TDS summary)
  • Form 16A (Interest income, rent, commission TDS)
  • Capital Gains Statement (shares, mutual funds)
  • Bank Account Details
  • Investment Proofs (for deductions under 80C, 80D, etc.)

How to Register on the Income Tax e-Filing Portal:

  1. Visit https://incometaxindiaefiling.gov.in
  2. Click on Register Yourself
  3. Choose User Type (Individual, HUF, Company, etc.)
  4. Fill in Basic Details (PAN, name, DOB, etc.)
  5. Verify PAN
  6. Activate account using OTP

ITR Filing Methods in Jaipur

✅ Offline ITR Filing

Who can file offline?

  • Super senior citizens (80+ years)
  • Individuals/HUFs with income < ₹5 lakh and no refund

Process:

  1. Collect Form 16
  2. Submit physical ITR at Income Tax Office
  3. Get acknowledgement slip
✅ Online ITR Filing (e-Filing)

Steps:

  1. Calculate tax liability
  2. Use Form 26AS to reconcile TDS
  3. Choose appropriate ITR form
  4. Visit https://incometaxindiaefiling.gov.in
  5. Download the ITR utility (Excel or Java)
  6. Fill in income, deductions, taxes
  7. Click Validate → then Generate XML
  8. Upload XML on e-filing portal
  9. Verify using Aadhaar OTP, EVC, or by sending ITR-V to CPC

Why File ITR in Jaipur?

Filing ITR is essential for:

1. Easy Loan Approvals

Banks prefer ITR documents for evaluating income and creditworthiness.

2. Claim Tax Refunds

Overpaid TDS or advance tax? File ITR to get a refund.

3. Proof of Income and Address

ITR is considered valid proof for passport, loan, or visa applications.

4. Quick Visa Processing

Many embassies require ITR for the last 3 years.

5. Carry Forward Losses

You can carry forward capital losses or property losses only if ITR is filed on time.

6. Avoid Penalties

Non-filing of ITR can lead to a penalty of up to ₹5,000.

Get Expert Help for ITR Filing in Jaipur

Filing your ITR correctly is crucial to avoid penalties, get refunds, and maintain compliance. Our experts handle:

  • Selection of correct ITR form
  • Error-free data entry
  • Tax computation and deductions
  • Uploading and e-verification
  • Guidance for salaried, freelancers, and business owners

File with confidence. File with experts.

Get a Consultation by Expert