ITR Filing Platform
Form-1 (Salary)
Starts From ₹499/- ₹999
ITR-1, also known as Sahaj form, is the Tax Filing form that is used by individual taxpayers who have income from salary, pension, one house property, and other sources such as interest income, etc., and whose total income does not exceed Rs. 50 lakh in a financial year.
- Claiming Refunds Against Tax Paid
- For Any Type of Loan Application
- To Apply Visa to Work Abroad
- To Avoid Scrutiny
Form-2 (Salary & House Property)
Starts From ₹999/- ₹1999
ITR-2 is an Tax Filing form that is used by individuals and Hindu Undivided Families (HUFs) who have income from sources other than salary, pension, and one house property, such as income from capital gains, multiple house properties, business or profession, and foreign assets, among others.
- Capital Gain & Foreign Assets Income
- Multiple House Properties
- To Apply Visa For Foreign Visits
- To Avoid Scrutiny
Form-3 (Commission)
Starts From ₹1,999/- ₹2999
ITR-3 is an Tax Filing form that is used by individuals and HUFs who have income from profits and gains of business or profession. It is applicable to those taxpayers who have income from a proprietary business or profession or those who are partners in a partnership firm.
- Claiming Tax Benefits
- Carry Forward of Losses
- To Apply Business Loans
- To Avoid Notices from IT Department
Form-4 (Business)
Starts From ₹1,999/- ₹3999
ITR-4 is known as the Sugam form. ITR-4 is an Tax Filing form used by individuals and Hindu Undivided Families (HUFs) who have income from a proprietary business or profession. The form is applicable for small taxpayers with income up to Rs. 50 lakhs and who have opted for the presumptive taxation scheme under Section 44AD, Section 44ADA or Section 44AE of the IT Act.
- Detailed Information About Turnover, Profit or Loss, etc.
- Turnover Up To Rs. 2 Crores
- Enables You To Claim Deductions
- Enables You To Carry Forward Losses
- Reduced Compliance Burden
Form-5 (LLP/AOP/BOI)
Starts From ₹2,499/- ₹3999
ITR-5 is the Tax Filing form that is applicable for firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), and Body of Individuals (BOIs). It is also used by Investment Funds and Business Trusts that are not liable to pay tax on their income.
- Maintaining Transparency
- Building Financial History
- Claiming Refunds if TDS or Advance Taxes Deducted
- For Loan Application
Form-6
Starts From ₹2,999/- ₹3499
ITR-6 is an Tax Filing form that is applicable for companies that are not claiming exemption under Section 11 of the IT Act, 1961. In other words, it is used by companies that are not engaged in charitable or religious activities and do not earn income from house property, capital gains, or any other sources except business or profession.
What is the penalty for not filing ITR 6?
The penalty under Section 276CC for late filing of Tax Filing where the amount of tax payable or evaded is more than Rs. 25000 is imprisonment of 6 months to 7 years and a fine. In all other cases prosecuted under Section 276CC, the penalty would be 3 months to 3 years of imprisonment with fine.
- Establishing Credibility
- Easy Access To Credit
- Better Tax Planning
- Reduction in Scrutiny
Form-7 (Trust)
Starts From ₹3,999/- ₹5999
ITR-7 is an Tax Filing form that is used by companies that fall under Section 139(4A), Section 139(4B), Section 139(4C) or Section 139(4D) of the IT Act, 1961. These sections pertain to companies that are required to furnish their returns under sections 139(4A) and 139(4B) (i.e., trusts, political parties, etc.) or under section 139(4C) (i.e., scientific research associations, etc.) or under section 139(4D) (i.e., entities that receive income from property held under a trust).
- Establishing Credibility With Financial Institutions And Potential Donors Or Supporters
- Tracking Income And Expenses
- Avoiding Penalties As High As Rs. 10,000
- Facilitating Future Transactions