HERE'S HOW IT WORKS

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1. Fill Form

Simply fill the above form
to get started.

Simply fill the
above form to
get started.

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2. Call to discuss

Our ITR Expert will
connect with you & advice on
documents.

Our ITR Expert
will connect with you
& advice on documents.

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3. ITR Complete

Get your ITR
Submission Copy

Get your ITR
Submission Copy

Advantages of filing Income Tax Returns (ITRs)

  1. Avoid Late Fees: Filing your timely help you in avoiding late fees as per provisions of Income Tax Act.
  2. Avoid Tax Notices: Non Filing of Income Tax Return can invite notices from Income Tax Department. So, if you are liable to file Income Tax Return then file your Income Tax Return timely and unnecessary income tax notices and demand.
  3. Easy Loan Approval: Nowadays Banks ask for Income tax Return before processing any loan. Filing the ITR will help individuals, when they have to apply for vehicle loan (2-wheeler or 4-wheeler), House Loan, Education loan etc. All major banks can ask for 3 years copy of income tax returns filed.
  4. For visa and immigration processing: Most embassies & consulates require you to furnish copies of your tax returns for the past years at the time of the visa application.
  5. Applying for a higher insurance cover: If insurance companies have reasons (non-compliance) to believe that you are a tax-evader, they will not give you policies with more cover.
  6. Carry forward of losses: Filing Income tax Return helps you in carrying forward your current year loss to next year for set off against income of next year.
  7. It is an income proof or a net worth certificate: Income Tax Return is used for proof of your Income and address.
  8. Avoid interest and Penalty: Non-Filing of Income tax Returns can result into unnecessary interest and penalty burden on you. So, to avoid this file your return timely.

Procedure for Filing Income Tax Return (ITR)

(1) Connect with Expert

Talk with our expert and discuss about your Income Tax Return (ITR)

(2) Arrange and Send your Documents

Provide the documents as required by our expert on mail.

(3) Get Drafted Computation of Income

We at Raheja Professionals will prepare your draft computation of Income on the basis of documents and information provided by you then will send to you.

(4) Confirm the Drafted Computation for further processing

After getting drafted Computation of Income and tax liability, have a look on the same and affirm on the mail to our expert for further filing process of Income tax return (ITR)

(5) Get your ITR filed

We at Raheja Professionals will file your Income tax Return after getting your confirmation on drafted computation.

(6) Receive Acknowledgement on your Mail

Once the Return will be filed, you will get the acknowledgement receipt along with final computation of income from Raheja Professionals.

Documents/ Details Required for ITR Filing

For Salaried Person

  • PAN Card
  • Aadhar Card
  • Pay Slip (for 12 months)
  • FORM 16
  • Bank Statement of all accounts
  • Investment details and documents such as LIC Receipt,Mediclaim Receipt,School Fees Receipt, PPF Statements etc.

For Individual other than Salaried

  • PAN Card
  • Aadhar Card
  • Income & Expense Details of Business and Profession of Individual
  • Copy of GST Returns (If Registered under GST Act)
  • Copy of Rent Agreement is required in case of Rental Income
  • Sale and Purchase details of Capital Asset is required, in case of Income from Capital Gain/ Loss
  • Bank Statement of all accounts
  • Investment details and documents such as LIC Receipt,Mediclaim Receipt,School Fees Receipt, PPF Statements etc.
  • Other documents, if required

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SIMPLE & TRANSPARENT PRICING
  • Silver
  • 490
    Inclusive all taxes
  • Salaried person having form 16 income
  • Added advantage to claim benefit of deductions in income computations
  • Income from One House Property (Rental Income)
  • Having other source of Income
  • LET's START
  • Gold
  • 990
    Inclusive all taxes
  • In addition to Silver Package
  • Having Income from One or More House Property (Rental Income)
  • Income from Business or Profession
  • LET's START
  • Platinum
  • 1490
    Inclusive all taxes
  • Tax Planning advice from our Tax Experts
  • Added advantage to claim benefit of deductions in income computations
  • Having other source of Income
  • Having Income from One or More House Property (Rental Income)
  • Income from Business or Profession
  • Income from Capital Gain or Loss (Sale of Capital Asset)
  • LET's START

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frequently asked questions
It is a tax levied by the Government of India on the income of every person. The provisions governing the Incometax are covered in the Incometax Act, 1961.
Incometax is levied on the annual income of a person. The year under the Incometax Law is the period starting from 1st April and ending on 31st March of next calendar year. The Incometax Law classifies the year as (1) Previous year, and (2) Assessment year.
The year in which income is earned is called as previous year and the year in which the income is charged to tax is called as assessment year.
e.g., Income earned during the period of 1st April, 2020 to 31st March, 2021 is treated as income of the previous year 202021. Income of the previous year 202021 will be charged to tax in the next year, i.e., in the assessment year 2021-22.
The taxes on income can be finalized only on the completion of the previous year. However, to enable a regular flow of funds and for easing the process of collection of taxes, Incometax Act has provisions for payment of taxes in advance during the year of earning itself or before completion of previous year. It is also known as Pay as your earn concept.

Taxes are collected by the Government through the following means:
  1. Voluntary payment by taxpayers into various designated Banks such as Advance tax, SelfAssessment tax, etc.
  2. Taxes deducted at source 
  3. Taxes collected at source 
  4. Equalisation Levy 
Section 14 of the Incometax Act has classified the income of a taxpayer under five different heads of income, viz:
  • Salaries
  • Income from house property
  • Profits and gains of business or profession
  • Capital gains
  • Income from other sources
  • No, you cannot claim deduction of personal expenses while computing the taxable income.
  • While computing income under various heads, deduction can be claimed only for those expenses which are provided under the Income-tax Act.
At this moment (i.e., for the financial year 202021) Individual, HUF, AOP, and BOI having income below Rs. 2,50,000 need not pay any Incometax. In respect of resident individuals of the age of 60 years and above but below 80 years, the basic exemption limit is Rs. 3,00,000 and in respect of resident individuals of 80 years and above, the limit is Rs. 5,00,000. For other categories of persons such as cooperative societies, firms, companies and local authorities, no basic exemption limit exists and, hence, they have to pay taxes on their entire income chargeable to tax.
An individual who is resident in India and whose total income does not exceed Rs. 5,00,000 is entitled to claim rebate under section 87A. Rebate under section 87A is available in the form of deduction from the tax liability. Rebate under section 87A will be lower of 100% of incometax liability or Rs. 12,500. In other words, if the tax liability exceeds Rs. 12,500, rebate will be available to the extent of Rs. 12,500 only and no rebate will be available if the total income (i.e. taxable income) exceeds Rs. 5,00,000.
Advance tax is to be calculated on the basis of expected tax liability of the year. Advance tax is to be paid in instalments as given below:

a) In case of all the assessees (other than the eligible assessees as referred to in section 44AD and 44ADA):
i) At least to 15 percent – On or before 15th June 
ii) At least to 45 percent – On or before 15th September 
iii) At least to 75 percent – On or before 15th December
iv) At least to 100 percent –On or before 15th March

b) In case of the eligible assessee as referred to in section 44AD and 44ADA:
100 percent – On or before 15th March
Note: Any tax paid on or before the 31st day of March shall also be treated as advance tax paid during the same financial year.
The deposit of advance tax is made through challan ITNS 280 by ticking the relevant column, i.e., advance tax.

An exempt income is not charged to tax, i.e., Incometax Law specifically grants exemption from tax to such income. Incomes which are chargeable to tax are called as taxable incomes.
Agricultural income is not taxable. However, if you have nonagricultural income too, then while calculating tax on nonagricultural income, your agricultural income will be taken into account for rate purpose. For meaning of Agricultural Income refer section 2(IA) of the Incometax Act.
For every source of income you have to maintain proof of earning and the records specified under the Incometax Act. In case no such records are prescribed, you should maintain reasonable records with which you can support the claim of income.
For any Enquiry +91-9354762407

Why choose Raheja Professionals

Raheja Professionals believe that the timely compliance is the essence of the present corporate world. We start our preparation as soon as we receive the necessary documents from the Clients.

‘WORK IS WORSHIP’ is our moto. Hence we provide quality services at reasonable prices. We never compromise in terms of compliances of different laws. We protect our Clients from future legal hardships.

Raheja Professionals is a group of experienced professionals having more than 5 years of experience. Our group comprises of Chartered Accountants, Company Secretaries, Lawyers etc.

Raheja Professionals provide different services in relation to Accounting and Book Keeping, Company Law Matters, GST etc. One can avail all services in relation to his business at one place.

SERVICES AT GLANCE

  • Company Registration
  • Trademark & IPR Services
  • ROC Filing
  • GST Registration
  • ISO & MSME Services
  • Accounting Services
  • Import Export Code
  • Tax Consultancy Services