You must file your return by the deadline of July 31st, in order to avoid paying a late filing penalty for the income you reported for the fiscal year, or for the money earned between 1 April and 31 March.

If you are an employee:

1. PAN card
2. Form 16 provided by your employer 
3. Income From House Properties
4. Capital Gain of Shares & Mutual Fund
5. Capital Gain of sale of Immovable Properties
6. Interest Income 
7. Any other Income 
8. Agricultural Income

Apart from this, you need:

1. Investment proofs
2. Asset purchase/sale documents
3. TDS certificates provided by banks
4. Interest income statement
5. Receipts regarding donations, mutual funds and other forms of investments.

The Income Tax Department requires the following entities to file yearly IT returns:

Individuals who are salaried with gross income before deductions, exceeds the exemption amount under Sections 80C to 80U.

Self-Employed Individuals: Self-employed individuals, including freelancers, contractors, and small business owners, are usually required to file an income tax return, regardless of their income level.

High-Income Earners: High-income earners, regardless of their source of income, are often subject to additional tax reporting requirements and may need to file an income tax return. This can include individuals with significant investment income, rental income, or other forms of passive income.

Individuals with Certain Types of Income: Individuals who have received income from sources such as dividends, interest, capital gains, rental properties, or foreign assets may need to file an income tax return to report and pay taxes on these types of income.

Individuals/Businesses Eligible for Refunds or Tax Credits: Even if an individual's income is below the filing threshold, they may still want to file a tax return to claim tax credits or refunds. This can include refundable tax credits such as the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit.

Non-Resident or International Individuals: Non-resident individuals or those with international income may have specific tax filing requirements, even if their income is below the regular filing threshold. This includes individuals who are considered resident aliens for tax purposes but have income from foreign sources.

1. Compliance with Tax Laws: Filing your income tax return ensures compliance with tax laws and demonstrates your commitment to fulfilling your tax obligations.
2. Claiming Tax Refunds: If you are eligible for a tax refund, filing your ITR allows you to claim and receive any overpaid taxes from the government.
3. Financial Documentation: Your ITR serves as an essential financial document that showcases your income, deductions, and investments. It can be used as proof of income for various purposes, such as loan applications or visa processing.
4. Access to Financial Benefits: Certain financial benefits, such as loans, insurance coverage, or government assistance programs, may require a copy of your filed ITR as proof of your financial status.
5. Avoiding Penalties: Filing your ITR on time helps you avoid penalties and interest charges imposed by tax authorities for late filing or non-compliance.

Step 1: Submit all the required documents to our experts

Step 2: our experts will file your income tax return online through registeredt portal.

Step 3: ITR Filing Form will be selected based on your category, and experts will fill in all required information and claim any applicable exemptions. Our experts will inform you regarding the tax payable amount if any after all exemptions

Step 4: Your income tax return will be filed without any hassle.

At FINAUX, We help you for your ITR filing:

Filing your individual tax return can be a daunting task, but with the right information and guidance, it becomes a manageable process. Our team provides support around the clock and file your income tax returns online without any delay. Trust FINAUX to handle your tax return filing needs efficiently and effectively.

Expertise: Our team of tax professionals has extensive knowledge and experience in individual income tax return filing.

Personalized Approach: We understand that every taxpayer's situation is unique, and we tailor our services to your specific needs.

Compliance and Accuracy: We ensure your tax return is prepared accurately, complying with all applicable tax laws and regulations.

Time-Saving Convenience: Our streamlined process and user-friendly tools make tax return filing quick and hassle-free.

Confidentiality and Security: We prioritize the confidentiality and security of your personal and financial information.

During the current fiscal year, 2022–2023, the Central Board of Direct Taxes (CBDT) has announced the ITR forms ITR-1 to ITR-6 (AY 2023-24). The government announced the ITR-7 form on February 14, 2023. ITR forms haven't undergone any significant changes. The ITR forms have, however, been announced over two months earlier than usual.