Income tax return filing(ITR) needs to be filled by an individual for having salary income proprietorship income and by various business entities like the Private limited company, Public limited company, and limited liability partnership etc. It’s a mandatory requirement for entities which are earning income and in some cases, even business is not earning income due to various reasons as carrying forward of losses or for tax exemption. Filing ITR is a tricky business which is time-consuming & confusing for most of the applicant, however, we will file your return quickly & easily. There are different ITR for the different type of income and business entity which has been explained below. It’s very important compliance avoidance of which may lead to income tax notice, penalty, interest and prison time.
Who can file ITR 3?
Individuals and HUFs who have income from below-
ITR 3 may also include, Income from house property Income from Salary/Pension & income from other source
Who can't file ITR 3?
Legal entities like LLP, Pvt. Ltd. Co. & Public co. etc.
Individual & HUF having partnership income from profits and gains of partnership business or profession.
What are required documents?
All documents related to income like Form 16, Form 26AS, bank statement and other documents.
What is the last date for filing ITR 2?
it’s 31st July for individual & 30th september fpr the business unless increases by IT department for the year.