Learn about Income Tax Filing. File your Income Tax Return easily with step-by-step guidance. Learn ITR types, eligibility, required documents, and online filing procedures to ensure fast and accurate tax compliance.
All You Need for Income Tax Filing
A Complete Knowledge Base for Taxpayers in India
Income Tax Return (ITR) filing is a crucial financial responsibility for every Indian taxpayer. Whether you’re a salaried employee, freelancer, business owner, pensioner, NRI, or investor, filing your return correctly ensures compliance, protects you from penalties, and secures your financial future.
This knowledge base provides complete guidance on ITR filing, types of ITR forms, documents required, due dates, step-by-step filing process, common mistakes, refund guidance, NRI rules, and best practices—so that every taxpayer can file confidently.
1. What Is an Income Tax Return (ITR)?
An Income Tax Return is a form through which individuals, HUFs, companies, and other taxpayers report their income, deductions, taxes paid and refund claims to the Income Tax Department of India.
When you file your ITR:
- Your income is officially recorded
- You can claim eligible tax refunds
- You avoid penalties and legal issues
- You create authentic income proof for loans/visa
- You stay compliant under Indian tax law
2. Who Must File an ITR in India?
According to the Income Tax Act, filing ITR is mandatory if:
- Your gross income exceeds ₹2,50,000 (₹3,00,000 for senior citizens, ₹5,00,000 for super senior citizens)
- You have foreign assets or foreign income
- You want to claim a refund
- Your bank deposits exceeded ₹1 crore
- Your electricity bill exceeded ₹1 lakh
- You spent ₹2 lakh or more on foreign travel
- You are an NRI with taxable income in India
- You earned income from capital gains
- You run a business or profession
Even if not mandatory, filing your ITR is advisable for:
- Loan applications
- Visa processing
- Carry-forward of losses
- Maintaining financial records
3. Types of Income Tax Return (ITR) Forms – Complete Guide
Choosing the correct ITR form is the most critical step in filing.
Below is a clear explanation of each ITR type:
ITR-1 (Sahaj)
For individuals with simple income
Applicable if:
✔ Salary income
✔ Pension income
✔ One house property
✔ Income from other sources (interest)
✔ Total income ≤ ₹50 lakh
Not applicable if:
✘ Capital gains
✘ Business income
✘ More than one house property
✘ Foreign assets
✘ Cryptocurrency income
Best For: Salaried individuals with basic income sources.
ITR-2
For individuals & HUFs without business income
Applicable if:
✔ Salary income
✔ Multiple house properties
✔ Capital gains (shares, mutual funds, property)
✔ Foreign income
✔ NRI taxpayers
✔ Income > ₹50 lakh
Best For: Investors, NRIs, people with property transactions.
ITR-3
For individuals/HUFs with business or professional income
Applicable if:
✔ Freelancers
✔ Business owners
✔ Doctors, lawyers, consultants
✔ Partners in a firm
✔ Stock traders (F&O, intraday)
Best For: Business + capital market traders.
ITR-4 (Sugam)
For small business owners under Presumptive Taxation (44AD/44ADA/44AE)
Applicable if:
✔ Business turnover ≤ ₹2 crore
✔ Professional income ≤ ₹50 lakh
✔ Simple income structure
Not applicable if:
✘ Capital gains
✘ Foreign assets
✘ Claims on carried-forward losses
Best For: Small shops, freelancers, traders, individual business owners using presumptive scheme.
ITR-5
For:
✔ Partnership firms
✔ LLPs
✔ Business trusts
✔ AOP/BOI
ITR-6
For:
✔ Companies (except Section 8 companies claiming exemption under 11)
ITR-7
For:
✔ Trusts
✔ Charitable institutions
✔ Educational institutions
✔ Political parties
4. Documents Required for ITR Filing
Depending on your income type, you may need:
For Salaried Individuals
- PAN, Aadhaar
- Form 16 from employer
- Salary slips
- Form 26AS / AIS / TIS
- Bank statements
- Investment proofs
For Business & Freelancers
- Profit & Loss account
- Balance sheet
- GST returns (if applicable)
- Bank statements
- Expense proofs
For Capital Gains
- Demat statements
- Broker P&L reports
- Property sale/purchase documents
For Rental Income
- Rent receipts
- Property tax receipts
- Home loan interest certificate
For NRIs
- Foreign bank statements
- NRE/NRO account details
- Passport & visa details
5. How to File Your Income Tax Return (Step-by-Step Guide)
Filing an ITR involves several steps. Here is a clear, easy-to-follow process:
ITR-1, ITR-2, ITR-3, and ITR-4
Follow the steps below 👇
Sample: How to File ITR-1 (Sahaj) – Step-by-Step Guide
This sample filing example assumes the taxpayer is a salaried employee with:
- Salary income only
- One house property (self-occupied)
- Interest income from savings account
- No capital gains
- No business income
- Old Tax Regime chosen (optional)
You can modify the numbers and details as needed.
Step 1: Collect Necessary Documents
Before filing, keep these ready:
- Form 16 from employer
- PAN & Aadhaar
- Bank statements
- Form 26AS / AIS / TIS
- Interest income details (if any)
- Investment proofs (if claiming 80C deductions)
Step 2: Log In to Income Tax Portal
- Visit https://www.incometax.gov.in/
- Click Login
- Enter PAN
- Enter password
- Verify with OTP if prompted
Step 3: Start Your ITR Filing
- Go to e-File (Top Menu)
- Select Income Tax Returns
- Click File Income Tax Return
- Choose:
- Assessment Year: 2024–25 (if filing for FY 2023–24)
- Mode: Online
- Select Status: Individual
- Choose ITR Form: ITR-1
Step 4: Confirm Eligibility for ITR-1
ITR-1 is selected when:
- Income ≤ ₹50,00,000
- Income from:
- Salary/pension
- One house property
- Other sources (interest)
Click Proceed.
Step 5: Choose Filing Type
Select Prepare Online.
Step 6: Personal Information Section
Fill or confirm:
- Name, PAN, Aadhaar
- Date of Birth
- Address
- Email & Mobile
- Filing Type: Original or Revised
- Return Section:
- 139(1) (if on time)
- 139(4) (belated)
- 139(5) (revised)
Press Save.
Step 7: Salary Income Section
Use Form 16 to enter salary details:
Income Slab
| Component | Example Entry |
|---|---|
| Gross Salary | ₹7,00,000 |
| Exempt Allowances (HRA, LTA, etc.) | ₹50,000 |
| Net Taxable Salary | ₹6,50,000 |
Confirm the breakup exactly as Form 16 shows.
Step 8: Income from House Property
If you have one self-occupied house:
- Select Self-occupied
- Annual value = 0
- Interest on home loan (if any): enter the amount
- Example: ₹0 (if no home loan)
Press Save.
Step 9: Income from Other Sources
Example entries:
| Source | Amount |
|---|---|
| Savings account interest | ₹2,400 |
| FD/RD interest | ₹0 |
Use bank statements to calculate.
Step 10: Deductions Section (Chapter VI-A)
Use 80C/80D/etc. to reduce tax.
Example:
| Deduction Section | Example Amount |
|---|---|
| 80C (LIC/ELSS/PPF) | ₹50,000 |
| 80D (Health Insurance) | ₹15,000 |
| 80TTA (Savings Interest) | ₹2,400 |
Step 11: Choose Tax Regime
You can choose:
- New Regime (Default) – Lower slabs, no major deductions
- Old Regime – More deductions allowed
Example: Choose Old Regime for maximum deductions if you have 80C/80D investments.
Step 12: Compute Your Taxable Income
Example calculation:
| Income Component | Amount |
|---|---|
| Salary Income | ₹6,50,000 |
| House Property | ₹0 |
| Other Sources | ₹2,400 |
| Gross Total Income | ₹6,52,400 |
| Less: Deductions | ₹67,400 |
| Net Taxable Income | ₹5,85,000 |
Step 13: Tax Calculation Example
For taxable income of ₹5,85,000 under the Old Regime:
- 0 – 2.5 lakh → 0
- 2.5 – 5 lakh → 5% = ₹12,500
- 5 – 5.85 lakh → 20% on ₹85,000 = ₹17,000
Total Tax = ₹29,500
Add 4% Cess = ₹1,180
Final Tax Payable = ₹30,680
Step 14: TDS & Talxes Paid
Check Form 26AS:
| Source | Amount |
|---|---|
| TDS by Employer | ₹28,000 |
| TDS by Banks | ₹200 |
Total TDS = ₹28,200
Example result:
- Tax Payable: ₹30,680
- TDS: ₹28,200
- Balance Tax Due: ₹2,480
If due → Pay via Challan 280 and enter payment details.
If excess → You get a refund.
Step 15: Bank Details for Refund
Enter:
- Account number
- IFSC
- Bank name
- Account type (Savings)
Ensure bank account is pre-validated in the portal.
Step 16: Preview & Validate Return
Click Preview Return:
Verify:
✔ Name
✔ Income details
✔ Deductions
✔ Taxes paid
✔ Refund/balance due
✔ Bank details
Click Validate to check for errors.
Step 17: Submit ITR
After validation → Click Submit Return.
Step 18: E-Verify Your Return (Mandatory)
Choose any one:
Option 1: Aadhaar OTP (Most Common)
- Enter Aadhaar number
- Get OTP
- Enter OTP → Done
Option 2: Net Banking
- Login to bank
- Select “Income Tax e-verify”
Option 3: EVC via Demat or Bank Account
Your ITR is considered filed ONLY after e-verification.
Step 19: ITR Filing Acknowledgement
After successful e-verification:
- You receive ITR-V Acknowledgement
- Download and save it for your records
- Track refunds inside the portal
Step 20: Post-Filing Tips
- Track refund after 5–15 days
- Respond to any email/SMS from the Income Tax Department
- Keep documents safe for 6 years
- File revised ITR if you notice mistakes
Complete Example Summary
| Section | Value |
|---|---|
| Gross Salary | ₹7,00,000 |
| Exemptions | ₹50,000 |
| Interest Income | ₹2,400 |
| Deductions | ₹67,400 |
| Net Taxable Income | ₹5,85,000 |
| Total Tax | ₹30,680 |
| TDS Available | ₹28,200 |
| Tax Payable | ₹2,480 |
Sample ITR-2 Filing Guide (Step-by-Step)
(For Individuals with Salary, Capital Gains, Foreign Assets, or More Than One House Property)
ITR-2 is used by taxpayers who cannot file ITR-1 because they have capital gains, more than one property, foreign income, or income above ₹50 lakh.
The following sample shows how a salaried person with one capital gain transaction files ITR-2.
🔍 Sample Case Used in This Guide
Taxpayer Name: Rahul Sharma
Financial Year: 2024–25
PAN: ABCPS1234F
Income Details:
STEP-BY-STEP SAMPLE ITR-2 FILING
STEP 1 — Log in to the Income Tax Portal
- Visit → https://www.incometax.gov.in
- Click Login
- Enter:
- PAN
- Aadhaar-linked mobile OTP
- Password
- Click e-File → Income Tax Return → File Return
STEP 2 — Select Your Return Type
- Choose Assessment Year 2025–26
- Choose Online Mode
- Select Individual
- Select ITR Form → ITR-2
ITR-2 is auto-selected by portal if:
- You have capital gains
- Salary AND capital gains
- More than one house property
- Income > ₹50 lakh
STEP 3 — Start with “Let’s Get Started” Page
Portal asks why you are filing a return.
Choose:
- ✔ Taxable income above basic exemption
- ✔ TDS deducted
- ✔ Carry forward losses (if applicable)
Click Proceed.
Income Details Entry
STEP 4 — Salary Income (Auto-populated)
Go to → Sources of Income → Salary
Most details come from Form 16 and are auto-filled.
Verify:
- Gross Salary: ₹12,80,000
- Standard Deduction: Auto applied (₹50,000)
- TDS by employer: ₹1,18,000
Click Confirm.
STEP 5 — House Property Income
Go to → House Property
Rahul owns one self-occupied house with home loan.
Fill:
- Property Type: Self-Occupied
- Annual Rent Value: 0
- Municipal Taxes: 0
- Interest on Home Loan: ₹1,20,000 (allowed deduction)
- Resulting Income: –₹1,20,000
Submit.
STEP 6 — Capital Gains (Important for ITR-2)
Go to → Capital Gains
Rahul sold equity shares with STCG of ₹26,500.
Enter:
- Asset Type: Equity Shares (STT Paid)
- Holding Type: Short-Term
- Sale Value: As per broker statement
- Purchase Value:
- Capital Gain Auto-Calculated: ₹26,500
✔ Tax on STCG is 15%
✔ This is taxed normally (not slab-based)
Add and Save.
STEP 7 — Add Other Income (Interest)
Go to → Other Sources
- Savings interest: ₹8,200
- TDS: ₹820 (Form 26AS auto-import)
✔ Eligible for deduction under Section 80TTA (up to ₹10,000)
Save and continue.
Deductions Section
STEP 8 — Claim 80C, 80D, 80TTA, etc.
Go to → Deductions
Enter:
- 80C: ₹1,50,000
- 80D: ₹20,000
- 80TTA: ₹8,200 (auto capped at ₹10,000 limit)
Click Confirm.
Tax Calculation
STEP 9 — Review Total Taxable Income
Portal automatically computes:
| Component | Amount |
|---|---|
| Salary Income | ₹12,80,000 |
| House Property | – ₹1,20,000 |
| Capital Gains | ₹26,500 |
| Other Sources | ₹8,200 |
| Gross Total | ₹11,94,700 |
| Deductions (80C+80D+80TTA) | – ₹1,78,200 |
| Taxable Income | ₹10,16,500 |
Capital gains are taxed separately.
STEP 10 — Income Tax Calculation
The system calculates:
- Tax on salary portion
- Tax @15% on STCG
- Cess @4%
Example outcome:
- Total Tax Liability: ₹1,32,500
- TDS Available: ₹1,18,820
- Final Payable: ₹13,680
(Values depend on the regime selected.)
Final Steps
STEP 11 — Choose Tax Regime
ITR-2 supports both:
- Old Regime (with deductions)
- New Regime (with lower tax rates)
Since Rahul claims deductions, choose Old Regime.
STEP 12 — Preview & Submit Return
Portal shows a full preview.
✔ Verify all sections
✔ Validate data
✔ Click Proceed to Verification
STEP 13 — e-Verify Your Return
3 ways:
- Aadhaar OTP
- Net Banking Login
- Digital Signature (DSC)
Most use Aadhaar OTP → Return gets successfully verified.
Your ITR-2 Filing Is Complete! 🎉
Rahul’s return is now submitted and verified.
Refunds (if applicable) are released within 7–45 days.
📌 When Should Yolu File ITR-2?
You should file ITR-2 if:
- You have capital gains (shares, mutual funds, property)
- You own more than one house property
- Your income exceeds ₹50 lakh
- You have foreign assets/income
- You are a Director in a company
- You invested in unlisted shares
📌 Documents Needed for Filing ITR-2
- PAN & Aadhaar
- Form 16
- Form 26AS
- AIS/TIS Report
- Capital Gain Statement (broker)
- Rent/house loan interest certificates
- Bank interest certificates
- Investment proofs (LIC, PPF, 80C, etc.)
📘 Sample ITR-3 Filing Guide (Step-by-Step)
(For Individuals & HUFs with Business or Professional Income)
ITR-3 is used when the taxpayer has income from business/profession, in addition to salary, house property, or capital gains.
This sample explains every step—from login to submission—using a practical example.
🧾 Sample Case Used in This Guide
Taxpayer Name: Arjun Verma
Profession: Software Consultant (Freelancer)
Financial Year: 2024–25
PAN: AOPPV1122K
Income Details:
- Professional receipts: ₹18,50,000
- Salary (part-time job): ₹3,80,000
- Interest income: ₹12,400
- Short-term capital gain (mutual funds): ₹44,000
- Self-occupied house property (interest on loan): ₹1,90,000
- Business expenses (eligible): ₹6,20,000
- Section 80C investment: ₹1,50,000
- Section 80D: ₹30,000
- TDS deducted by clients: ₹79,500
- TDS deducted by employer: ₹17,000
Other Details
- Uses presumptive taxation? → ❌ No
- GST registered? → ✔ Yes (professional services)
- No foreign assets
- No crypto income
🚀 STEP-BY-STEP GUIDE TO FILE ITR-3
STEP 1 — Login to the Income Tax Portal
- Go to → https://www.incometax.gov.in
- Click Login
- Enter PAN + Password
- Open e-File → Income Tax Return → File Return
Select:
- Assessment Year: 2025–26
- Filing Type: Original
- Mode: Online
- Form: ITR-3
📂 Income Details Entry
STEP 2 — Salary Income (Partial Employment)
Go to: Gross Total Income → Salary
Verify or enter details from Form 16:
- Gross Salary: ₹3,80,000
- Standard Deduction: Auto-applied
- TDS: ₹17,000
Save and continue.
STEP 3 — House Property (Self Occupied)
Go to: House Property
- Type: Self-Occupied
- Interest on Housing Loan: ₹1,90,000
- Income from HP: –₹1,90,000
Submit section.
STEP 4 — Business/Professional Income (Key Section for ITR-3)
Go to: Business & Profession
Select: “Income from Business or Profession”
Since Arjun is a freelancer, choose:
- Nature of Business: Computer Programming / Consultancy
- Code: 14001 (Software development / services)
Enter Gross Receipts
- Professional fees received: ₹18,50,000
(Auto-crosschecked with AIS/GSTR data)
Enter Allowable Expenses
List all business expenses:
| Expense Category | Amount |
|---|---|
| Laptop purchase (depreciation applied) | ₹28,000 |
| Internet + phone bills | ₹36,000 |
| Office rent | ₹2,40,000 |
| Travel expenses | ₹46,000 |
| Software tools | ₹58,000 |
| Other office expenses | ₹2,12,000 |
| Total Expenses | ₹6,20,000 |
Depreciation (IT Rules)
Applied automatically under:
- Computer/Laptop @ 40%
- Furniture/other assets (if any)
Taxable Business Income
₹18,50,000 – ₹6,20,000 = ₹12,30,000
✔ You must provide Balance Sheet + P&L
✔ The portal allows a simplified input table for non-audit taxpayers.
STEP 5 — Capital Gains
Go to: Capital Gains
Arjun has:
- Short-Term Capital Gain = ₹44,000
Enter details:
- Asset Type: Mutual Fund (Equity)
- Holding period < 12 months
- Tax Rate: 15%
Save.
STEP 6 — Income from Other Sources
Go to: Other Sources
- Interest from bank: ₹12,400
- TDS: If any, auto-imported
Eligible for deduction under Section 80TTA.
📘 Deductions Under Chapter VI-A
STEP 7 — Enter Deductions
Go to: 80C, 80D, etc.
- 80C: ₹1,50,000
- 80D: ₹30,000
- 80TTA: ₹10,000 max (system auto-limits)
Save.
📊 STEP 8 — Review Total Taxable Income
The system now calculates:
Income Summary
| Source | Amount |
|---|---|
| Salary | ₹3,80,000 |
| House Property | –₹1,90,000 |
| Business Income | ₹12,30,000 |
| Capital Gains | ₹44,000 |
| Interest | ₹12,400 |
| Gross Income | ₹14,76,400 |
| Deductions (80C + 80D + 80TTA) | ₹1,90,000 |
| Total Taxable Income | ₹12,86,400 |
Capital gains taxed separately.
🧮 STEP 9 — Tax Computation
Includes:
- Tax under old/new regime (choose later)
- STCG tax @ 15%
- Cess @ 4%
Example outcome:
- Total tax liability: ₹2,18,500
- Total TDS available: ₹96,500
- Final Payable: ₹1,22,000 (approx)
(Actual values differ based on regime.)
⚙️ STEP 10 — Choose Tax Regime
- Old Regime → Allows deductions
- New Regime → Lower rates, fewer deductions
Since Arjun claims 80C, 80D, TTA →
✔ Old Regime recommended
Select and continue.
🖨️ STEP 11 — Preview Return
The system shows a detailed preview of:
- Personal info
- Salary summary
- P&L
- Balance Sheet
- Capital gains
- Deductions
- Tax calculations
✔ Review carefully
✔ Fix warnings (if any)
✔️ STEP 12 — Submit & e-Verify
Click: Proceed to Verification
e-Verification methods:
- Aadhaar OTP
- Net Banking
- Digital Signature (DSC)
- Bank Account EVC
Most use Aadhaar OTP → Return is verified instantly.
ITR-3 filing is now complete!
📑 DOCUMENTS REQUIRED FOR ITR-3
- PAN & Aadhaar
- Form 16 (if salary exists)
- Form 26AS, AIS
- Profit & Loss Statement
- Balance Sheet
- GST returns (GSTR-1, GSTR-3B)
- Bank statements
- Expense receipts
- Investment proofs
- Capital gains statements (if any)
✔️ When Should You File ITR-3?
Use ITR-3 if you have:
✔ Freelancing income
✔ Professional consultancy income
✔ Proprietorship income (non-presumptive)
✔ Business income requiring Balance Sheet
✔ Income from salary + business
✔ Capital gains
✔ More than one house property
✔ Crypto income
📘 Sample ITR-4 Filing Guide (Step-by-Step)
(For Individuals, HUFs & Firms opting for Presumptive Income Schemes u/s 44AD, 44ADA or 44AE)
ITR-4 is used by small businesses, professionals and firms who choose presumptive taxation.
Under this method, you declare a fixed percentage of your turnover as income — without maintaining detailed books of accounts.
🧾 Sample Case Used in This Guide
Taxpayer: Rohan Sinha
Profession: Web Designer (Under Presumptive Scheme – Section 44ADA)
Assessment Year: 2025–26
PAN: BDKPS5221N
Income Details
- Gross Professional Receipts: ₹9,80,000
- Presumptive Income @ 50% (44ADA): ₹4,90,000
- Interest from Bank FD: ₹18,500
- One House Property (Self-Occupied): Interest deduction claimed – NO
- Section 80C (ELSS): ₹50,000
- Section 80D (Health Insurance): ₹18,000
- TDS from Clients: ₹22,000
- No capital gains, no foreign assets
Other Details
- Not maintaining books (allowed under presumptive scheme)
- No GST registration
- Eligible for ITR-4
🚀 STEP-BY-STEP GUIDE TO FILE ITR-4
STEP 1 — Login to Income Tax Portal
- Visit: https://www.incometax.gov.in
- Click Login
- Enter PAN + Password
- Go to e-File → Income Tax Returns → File Return
Select:
- Assessment Year: 2025–26
- Filing Type: Original
- Mode: Online
- Form: ITR-4
📌 Filing Sections and Data Entry
STEP 2 — Personal Information
Verify:
- Name
- Aadhaar
- Address
- Bank details (for refund)
STEP 3 — Salary Income (If applicable)
Rohan has no salary income → Skip Section
(If salary exists, data auto-fills from Form 16.)
STEP 4 — House Property (Self Occupied)
Go to: House Property
- Select Self-Occupied
- Annual Value → Auto: ₹0
- Interest on housing loan → ₹0 (not claiming here)
Save.
STEP 5 — Income from Business/Profession (Presumptive Scheme)
Go to Business & Profession → Presumptive Income
Select Presumptive Scheme
- Section 44ADA – Professional income
Enter Details:
- Gross Receipts: ₹9,80,000
- Presumptive income (auto 50%): ₹4,90,000
- Cash receipts ≤ 5%? → YES (if applicable)
- Digital receipts ≥ 95%? → YES
Balance Sheet
Under ITR-4, the balance sheet is optional; many fields autofill as:
- Sundry Debtors: 0
- Cash: 0
- Sundry Creditors: 0
- Stock: 0
- Gross Assets: As applicable (optional)
✔ Upload is NOT required
✔ No depreciation needed
✔ No expense entries needed
This is why people choose ITR-4 — very simple filing.
STEP 6 — Income from Other Sources
Go to Other Sources
- Bank FD Interest: ₹18,500
- 80TTA deduction: ₹10,000 (system auto-applies)
🎯 STEP 7 — Deductions under Chapter VI-A
Enter:
- 80C (ELSS): ₹50,000
- 80D (Health Insurance): ₹18,000
- 80TTA: system applies automatically
Total Deductions: ₹78,000
📊 STEP 8 — Total Taxable Income Calculation
Income Summary
| Income Source | Amount |
|---|---|
| Presumptive Income (44ADA) | ₹4,90,000 |
| Other Sources | ₹18,500 |
| Gross Income | ₹5,08,500 |
| Deductions (80C + 80D + TTA) | ₹78,000 |
| Total Taxable Income | ₹4,30,500 |
✔ Tax is calculated automatically.
🧮 STEP 9 — Tax Computation
Approx calculation under old regime:
- Tax on ₹4,30,500 = ₹9,250
- Health & Education Cess = ₹370
- Total Tax = ₹9,620
TDS available: ₹22,000
Refund Receivable: ₹12,380
⚙️ STEP 10 — Choose Tax Regime
For presumptive income:
- Old regime is usually better if claiming deductions
- New regime beneficial only when deductions are low
In Rohan’s case, select Old Regime.
🖨️ STEP 11 — Preview & Validate Return
Review:
- Personal data
- Presumptive income
- 80C/80D deductions
- Bank details
- TDS summary
- Refund amount
Fix errors (if any).
✔️ STEP 12 — Submit & e-Verify
Methods:
- Aadhaar OTP
- Net Banking
- Bank Account EVC
- DSC
Aadhaar OTP recommended → Verified instantly.
Your ITR-4 is now filed successfully!
📑 DOCUMENTS REQUIRED FOR ITR-4
- PAN & Aadhaar
- Bank statements
- Proof of gross receipts (invoices/bank credits)
- TDS certificates (Form 16A)
- Investment proofs (80C/80D etc.)
- Interest certificates
- Previous ITR copy (optional)
✔ No P&L or Balance Sheet required
✔ No GST returns required (if not registered)
✔ No books of accounts required
✔️ When You Should File ITR-4
Use ITR-4 if you have:
✔ Business income (44AD)
✔ Professional income (44ADA)
✔ Goods transportation income (44AE)
✔ Income up to ₹50 lakh
✔ Property income
✔ Other sources income
Do not use ITR-4 if you have:
❌ Capital gains
❌ Foreign assets
❌ Crypto income
❌ More than ₹50 lakh income
❌ Director in a company
💡 Need Help Filing ITR?
My Advisers helps with filing all types of ITR files.
If you want a stress-free, accurate and fast filing process:
📞 Contact My Advisers
We provide low-cost ITR filing, expert review, notice support, fast processing, secure handling, and free consultation.
6. ITR Filing Deadlines
| Taxpayer Type | Due Date |
|---|---|
| Individuals | 31 July |
| Non-audit Businesses | 31 July |
| Businesses requiring audit | 31 October |
| Companies | 31 October |
| Revised/belated return | 31 December |
7. Common Mistakes to Avoid While Filing ITR
❌ Choosing wrong ITR form
❌ Missing interest income
❌ Not matching AIS/26AS data
❌ Incorrect bank details
❌ Filing under wrong regime
❌ Forgetting capital gains
❌ Missing foreign assets section
❌ Late filing
Avoid these to prevent notices and delays.
8. Filing ITR as an NRI – Key Rules
- NRIs pay tax only on income earned in India
- NRI status is based on days of stay
- Special tax rules apply for NRO vs NRE accounts
- Capital gains on Indian assets are taxable
- AIS and 26AS reconciliation is mandatory
9. ITR Refunds – How to Check Status
Visit: https://tin.tin.nsdl.com/oltas/refundstatuslogin.html
or
Check under Services → Refund Status on IT portal.
Refund delays happen due to:
- Mismatched bank details
- Incorrect ITR form
- TDS mismatch
- Pending verification
10. Why Professional Assistance Helps
Professional filing ensures:
✔ Zero errors
✔ Maximum deductions
✔ Correct ITR form selection
✔ Compliance with tax laws
✔ Fast refunds
✔ Support for notices
11. Why Choose My Advisers for Income Tax Filing?
My Advisers is known for:
- Low fees
- Expert-reviewed returns
- Fast, accurate filing
- Free consultation
- Free notice support
- Special assistance for salaried, freelancers & business owners
- Secure document handling
If you need guidance, our experts help from start to finish.
12. Need Help Filing Your ITR?
For suggestions, guidance, or consultation—
📞 Contact My Advisers
WhatsApp Us: +91 8250452257
Email Us: 4myadvisers@gmail.com
We help taxpayers across India file their Income Tax Returns easily, accurately and affordably.