Tax Filing
Tax Filing is the process of reporting income, deductions, and tax liabilities to the Income Tax Department of India under the Income Tax Act, 1961. Proper tax filing ensures compliance, tax refunds, and avoidance of penalties for individuals, businesses, and NGOs.
Step-by-Step 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 the Tax Return Online – Log in to Income Tax Portal, enter details, and upload documents.
✅ Step 5: Pay Any Tax Dues (If Applicable) – Pay outstanding tax before submission.
✅ Step 6: Verify & Submit the Return – Complete verification via Aadhaar OTP, Net Banking, or DSC.
Documents Required for Tax Filing
✔ PAN Card & Aadhaar Card
✔ Salary Slips / Business Income Statement
✔ Bank Statements & Interest Certificates
✔ Investment Proofs (LIC, PPF, FD, ELSS, etc.)
✔ Property or Rental Income Details
✔ GST Returns & TDS Statements (for businesses)
✔ 12AA, 80G, or FCRA Registration (for NGOs & Trusts)
