ITR Filing in Kolkata, India
Income Tax Return Filing in Kolkata, India
It is a bit difficult to understand the intricacies of Income Tax in depth. Mind Your Tax makes ITR filing easy and accessible for salaried employees across India with online ITR filing service. We are committed to providing easy and reliable tax service in Kolkata. We keep all your documents in a secure way. Join us and simplify your tax filing service and keep your business and family away from legal complications without any Issues.
ITR Services in Kolkata
Hire professionals from Trustable Income Tax Services in Kolkata who are experts in handling your income tax returns. We offer comprehensive packages tailored to individual needs that assure compliance with the latest regulations. Our expertise makes the filing process easy, helping you maximize your deductions and minimize your tax liability.
Our Income Tax Return Services
Salary up to ₹5 lakhs
If you talk about the old loan scheme, then its main limit is Rs 5 lakh. Your old annual income should be up to Rs 5 lakh, hence any amount above the new limit is taxed at the rate of 5%, which is Rs 12,500.
If you are a salaried person and your total income is less than 50 lakhs, then you can fill the simple ITR 1 form. This form does not require much information as compared to other income returns like Form 2 and 3.
If your income is more than 50 lakhs, then you must be wondering which ITR filing would be appropriate for you. People whose income is more than 50 lakhs and they are not earning income from any business or profession, then they should file ITR 2 and if they are earning income from any business or profession, then they should file ITR 3.
Salary & Capital Gain
If you are getting profit or loss from any source other than salary like stock, mutual fund, sale of house property then you can take benefit of this scheme. This scheme is not for intraday and derivative traders.
Salary & Business / Profession
Apart from Pay Commission, if any person is earning income from business, then he should file ITR 3.
Individuals who are earning income from freelancing or part-time business apart from salary can file ITR 4.
Salary & Business / Profession & Capital Gain
Such people and NRIs who earn money from home, employment, capital, profit or any other source file ITR 2.
Salary with Cryptocurrency
Earn money through crypto mining (proof of stake & proof of work) Earn capital gains through crypto investing for business income (business activity like 500 transactions intraday, leverage trading, derivatives trading, arbitrage etc).
F&O Trading Plan
The Trader package is designed to ensure maximum savings for people involved in trading. This includes a hassle-free filing process by our experts who understand the nuances of intraday and intraday trading. Incorrect filing and improper filing may lead to unnecessary problems in responding to IT notices.
Who is required for Income Tax Return Filing?
The basic limit for the year ending on 31 March 2024 is Rs 2 lakh for a common 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 every individual irrespective of his income. Income Tax Audit Services in Delhi help you assure compliance with tax regulations and streamline your tax filing and optimise your tax return process.
Advantage of ITR registration for businesses.
Getting a return receipt is very quick and the most important thing is that if there is a refund, it is very quick as compared to filing it on paper.
There is no need to wait for any time to apply for online returns.
The easy facility of e-filing is available 24/7. You can avail this facility anywhere.
You get an instant confirmation message on your registered email ID before and after filing.
ITR filing Document Required
| Document | Description |
|---|---|
| PAN card | Permanent account number for identification |
| Aadhaar Card | Unique Identification |
| Salary slips | Monthly income proof |
| From 16 | Tax Deduction Certificate |
| Bank Statement | Proof of income and savings |
| Investment Proof | Document for Deduction |
Penalty for Not Obtaining ITR filing
If you do not file your income tax on time or Date, you may have to pay fines and legal penalties. Depending on your situation and delay, the penalty can range from Rs 5000 to Rs 10,000. Use income tax audit services in Kolkata to effectively guide your filing process to assure compliance.
Why Choose Us for ITR Filing?
Salaried Workers’ Special: - Our advanced service is designed for the salaried individual to help you manage your income and deductions from multiple sources seamlessly without any problem.
Process without Stress: - We simplify the taxation process to help you file your returns seamlessly and quickly.
Optimize Spending: - With our professional help, you will be able to maximize your tax refund through exemptions and write-offs.
Fair Pricing: - We do not charge any hidden fees. You are fully aware of what you are paying for.
Information Security: - We are here to ensure that all your documents are kept secure and confidential so that you know that your documents are in safe hands.
With Mind Your Tax, you can be rest assured that your returns are in trusted hands. This season, we will help you reduce your burden completely with online Salary ITR filing.
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Frequently Asked Questions
Income Tax Return filing in India is a form that is mandatorily used to file details about your income and applicable tax with the Income Tax Department of India.
Any individual having income above the basic exemption limit set by the government can file ITR. This includes salaried individuals, self-employed professionals, freelancers and business people.
If you do not pay your income tax on time, then as per section 276 CC, you can be punished with imprisonment of 3 months to 7 years along with fine for wilful evasion.
In some cases, you may face 6 to 7 years of imprisonment and fine.
Of course, if you have paid excess tax, it gets refunded. To get your excess tax refunded, you first have to file ITR, after which your return process starts. If you have paid excess tax, the government refunds it to your bank account through ECS.