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Best Income Tax Return Filing Services in Delhi NCR

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What is ITR filing ?

Salary earned profits and gains from either business or profession, income from house property. Even income capital gains, income earned through dividends are part of taxable income. Interest on deposits, royalty, winning of the lottery, etc. The income tax department taxes them. An individual can file returns by filling out the ITR form. This helps the tax authorities to ascertain your tax liability and whether you are eligible for an income tax refund.

A person fills out the prescribed ITR form and submits it to the Income Tax department of India. It contains information about the individual’s income and the taxes paid for the particular financial year.

Apart from being the Best Income tax filing services in Delhi NCR, our financial services firm provides a whole host of other services. Our services include the primary financial duties in filing income tax returns. And understanding the applicability of the various ITR forms.


Who is eligible for ITR filing


You will know who is eligible for ITR filing through this list

  • ITR-1: (known as Sahaj) must get filed by residents whose income is up to Rs.50 lakhs. This includes earnings from salary, one house property, other sources, and agricultural income up to Rs. 5000.
  • ITR-2: Persons who aren’t applicable for ITR-1 or HUFs. Also who don’t have income from profits and gains from business or profession need to fill out this form.
  • ITR-3 is a form of individuals and HUFs who earn profits and gains from business or profession.
  • ITR-3 is a form of individuals and HUFs who earn profits and gains from business or profession.
  • ITR-4 :(known as Sugam) Individuals, HUFs, and firms (not LLP) who are residents of India. They need to have a total income of up to Rs.50 lakhs from business or profession. It gets computed under sections 44AD, 44ADA or 44AE

Note: It is mandatory to file ITR through online mode. You can also find out the ITR filing due date for the year 2022-23.

The income tax returns filed on time will work in your favor. With this, you can easily avail yourself of the many deductions for your income. We can help you record and report several deductions. You can benefit from and avoid paying thousands of rupees in tax. With the complex nature of filing the tax returns, the client requires the help of a specialist from ITR filing services in Delhi NCR. Since they have a thorough knowledge to file returns and avail of the anticipated benefits. Several of our clients aren’t aware of the how-to apply for the income tax returns. They have to get the work outsourced to Income Tax return filing in Delhi NCR to handle them.


Benefits of ITR filing


  • As income tax consultants, we have helped save a lot of money when filing taxes. Suppose you have hired us recently and happen to face prior year issues. We will solve the issues and better handle your income tax filing for ITR 2022.
  • Suppose you fail to file your ITR, you will be eligible for heavy fines. And a penalty of Rs10,00 will be levied under section 234F.
  • When you apply for a loan, one of the mandatory documents must be attached to the loan application. It could be for purchasing a house, car or medical treatment is of ITR of the previous three years.
  • Obtaining a visa for certain countries requires the individual to present the ITR receipts. It needs to be of the previous year, enabling to process of the visa. It is a way to cross-check whether you can afford to live in those countries while there.
  • When you want to claim losses for subsequent years, you need to file income tax returns.

Lex N Tax Associates provides all the benefits or ITR filing and gives Best ITR filing services in Delhi NCR

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