Online Income Tax Return Filing

Income tax is to be paid by every person. The term ‘person’ covers natural as well as artificial persons.

No, filing income tax returns is a completely online process. All the required data are filed electronically, so you would not need to be physically present at all. You would just need to send us the required data online.

​​​​​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, the Income-tax Act has provisions for payment of taxes in advance during the year of earning itself or before completion of the previous year.

Form 16 is the certificate of tax deduction at source (TDS) issued by the employers to their employees. An employee can use this form as a source of information while filing income tax return (ITR). It is mandatory for employer to provide this certificate to the employee, just after the financial year.

​​​​​​​​​Agricultural income is not taxable in India. However, if you have non-agricultural income, then you need to pay income tax and file your ITR as per provisions under Income Tax Act.

If you are a non-resident Indian (NRI) who resides and work abroad, then you need to file ITR and pay tax only on the income earned in India such as interest from fixed deposits and saving account, rental income from house, or property owned in India, etc.

As per Income Tax law, a person is eligible to receive TDS paid only if he/she has paid excess tax to the government than his/her actual tax liability. ITR must be filed by such person in order to claim the income tax refund for that financial year.

As per Income Tax laws, a salaried individual, freelancer, or businessman whose tax liability for the year is 10,000 or more should pay advance tax. Advance tax is calculated and paid in quarterly installments.

​​​​​​​​​An individual who is resident in India and whose total income does not exceed Rs. 5,00,000 is entitled to claim a 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 income-tax 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.

Yes, an income tax return be filed after the due date. However, a belated return attracts late filing fees under section 234F.

​Yes, A return of income can be revised at any time, 3 months before the end of the Assessment Year or before the completion of the assessment; whichever is earlier.