Every responsible citizen pays taxes. However, not everybody may be an expert in filing income tax. But that should not make you avoid filing. Thanks to the online filing option, the process has become easier and more accurate. Even so, if you still feel not confident in filing the returns on your own, you can take the help of experts at Adarsh Singhal and Its Associates.

To file an income tax return, you must fill a form. There are various forms, and each form has a specific purpose. It is also meant for a specific group of people. So, before filing, know what form to fill and what category you fall into. The forms are from ITR 1 to ITR 7. There are different forms for salaried people, for individuals, for corporates, etc.

If all this confuses you, don’t worry. Our legal experts will help you carry on the entire process smoothly. They will guide you in each step, right from choosing the form, filling it, documentation, and till the end. Hiring an expert makes all the difference. You don’t have to struggle in the process. You can get things done quickly and correctly.

5 Most important benefits of filing for income tax return

1. You can easily avail yourself of loans from the banks, such as personal loans, car loans, etc. Most of the banks ask you to produce ITR proof for the last three years.
2. The ITR filings serve as proof of your income and address.
3. You can claim for a tax refund.
4. Those applying for a visa can benefit from filing tax returns, as the immigration offices, while checking the paperwork, also check ITRs.
5. If you fall in the income bracket that requires you to pay taxes, then failing to file returns can attract a penalty. If you are supposed to pay tax and you don’t, then it is an offence as per law. Timely filing of income tax return can save you from legal consequences.

Documents required to file for tax
For salaried people:

• PAN Card
• Monthly salary slips
• Form 16 (this is provided by the employer)

For businesspeople:

• Account details of the business
• Report of trading
• Statement of profit and loss (if applicable)

For others:

• TDS certificates
• Interest income statement
• Investment proof, such as receipt of mutual funds, etc.
• Document of sales and so on

The process

1. Contact Adarsh Singhal and Its Associates through WhatsApp, phone call, or email.
2. Make the payment, and the legal expert will contact you.
3. Describe your requirement and produce the necessary documents for income tax return.
4. The documentation and filing are done by the experts on your behalf.
5. You are supposed to acknowledge the filing.

Let me know if you’d like any further changes!