Income Tax Filing
Income Tax Filing is the process of reporting income, deductions, and tax payments to the Income Tax Department of India under the Income Tax Act, 1961. Filing your income tax return (ITR) ensures compliance, tax refunds, and avoidance of penalties.
Step-by-Step Income Tax Filing Process
✅ Step 1: Collect & Verify Income Details – Gather all financial records.
✅ Step 2: Choose the Right ITR Form – Select the correct tax return form based on income type.
✅ Step 3: Compute Tax Liability – Deduct eligible tax exemptions under Section 80C, 80D, 80G, etc.
✅ Step 4: File ITR on the Income Tax Portal – Log in to www.incometax.gov.in, fill out details, and upload documents.
✅ Step 5: Pay Tax Dues (If Any) – Pay any outstanding tax before submission.
✅ Step 6: Verify & Submit the Return – Complete verification via Aadhaar OTP, Net Banking, or DSC.
Documents Required for Income Tax Filing
✔ PAN Card & Aadhaar
✔ Salary Slips or Business Income Statements
✔ Bank Statements & Interest Certificates
✔ Investment Proofs (PPF, LIC, FD, ELSS, etc.)
✔ Rental Income or Capital Gains Statements
✔ GST Returns & TDS Statements (for businesses)
✔ 12AA, 80G, or FCRA Registration (for NGOs & Trusts)
