ITR filing in Chennai, India

Income Tax Return Filing in Chennai, India

It is a bit difficult to understand the complexities of Income Tax in a better way . Especially in a city like Chennai. Mind Your Tax simplifies ITR filing for salaried employees across India with its online ITR filing service. We are always committed to providing smooth and reliable Income Tax service in Chennai. We keep your documents secure with advanced technology. By joining us, you are handing over your tax filing service in reliable hands, so that you can enjoy it with your family without any trouble.

ITR Services in Chennai 

Hire a professional from a reliable income tax service in Chennai who is fully expert in filing income tax returns. We bring comprehensive packages as per individual need that assures compliance with the latest regulations. Our team of experts maximizes your deductions by simplifying the filing process and also helps in minimizing tax liability.

Our Income Tax Return Services

Salary up to ₹5 lakhs

If you look at the old scheme, the main limit is Rs 5 lakh. If your annual income is up to ₹5 lakh, then any amount above the minimum limit is taxed at the rate of 5% which is Rs 12500. 

If you are a salaried person and your total income is less than 50 lakh, then you can file ITR 1. This form does not require much information as compared to other income tax returns like Form 2 and 3. 

If your income is more than 50 lakh, then you must be wondering which ITR should be filed. It is for those people whose income is more than 50 lakh and they do not get income from any business or profession, they should file ITR 2 and those people whose income is coming from any business or profession, they should file ITR 3.

Salary & Capital Gain

If you have profit or loss from trading in stocks, mutual funds or house property apart from salary income, then you can choose this scheme. This scheme is not for intraday or derivative traders.

Salary & Business / Profession

If a person earns income from business other than salary then he can file ITR 3.

People who generate income from freelancing activities or partial business other than salary can file ITR - 4.

Salary & Business / Profession & Capital Gain

Such people and NRIs who earn money from home, employment, capital gains or any other source can file ITR 2.

Salary with Cryptocurrency

Earn money through crypto mining (Proof of Stake & Proof of Work) Earn capital gains through crypto investments for business income (with business activities like 500 transactions intraday, leverage trading, derivative trading, arbitrage etc).

F&O Trading Plan

The trade package is designed to assure maximum tax savings for those involved in trading. This includes simple filing by our experts who understand the nuances of intraday and intraday trading. False filing may lead to unnecessary action in response to IT notices. 

Who is required for Income Tax Return Filing 

The basic limit for the year ending March 31, 2024 is Rs 2 lakh for a normal individual, Rs 3 lakh for a resident above 60 years of age and Rs 5 lakh for a person above 80 years of age. If you opt for a new tax system, the basic limit is Rs 3 lakh for each individual. Irrespective of your income, Income Tax Audit Services in Chennai helps you optimize your tax liability and streamline the filing process by assuring compliance with tax rules.

Advantage of ITR registration for businesses. 

Income tax return acknowledgement happens immediately and the important thing is that if any refund is received in it, it is much faster than filing on paper.

There is no need for any place and time to apply for an online return. The better facility of E-filing is available 24*7. You can take advantage of this and file anywhere. 

You get instant confirmation of filing through email on your registered email ID before and after the time of filing.

ITR filing Document Required

Below mentioned are the important documents required:-

Penalty for Not Obtaining ITR filing

If you do not file your income tax return on time . You may have to pay a penalty and face legal action. Depending on your situation and the time of delay . You may be charged , a penalty of Rs 5,000 to Rs 10,000 . You can better guide your income tax filing process by using income tax audit services in Chennai to assure compliance .

Why Choose Us for ITR Filing?

Salaried Workers’ Special:- We tailor our services to salaried individuals to ensure that your income and deductions from multiple sources are managed properly.

Process without Stress:- We simplify the taxation process to enable you to file your returns easily and quickly without any difficulty.

Maximise Savings:- We maximize tax refunds through professionally assisted exemptions and write-offs.

Fair Pricing:- No hidden charges and clear pricing so you know what you are paying for.

Data Security: - We use the highest security measures to keep your information confidential to ensure your information is in a safe place.

Devoted Support:- We provide personalized monitoring at all stages with a knowledgeable team who are always dedicated to providing the necessary clarifications and assistance.

With Mind Your Tax, you will be satisfied and happy knowing that your tax returns are in the right hands. This season, we are committed to reducing the burden of online salary ITR filing.

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