Income Tax Return - Overview

INCOME TAX RETURN (ITR) – OVERVIEW

What is an Income Tax Return?

An Income Tax Return (ITR)** is a form submitted to the Income Tax Department of India that declares your income, expenses, investments, and taxes paid during a financial year.

Filing ITR is mandatory under the Income Tax Act, 1961 if your income crosses the basic exemption limit or if you're covered under other specified criteria.

Who Should File ITR in India?

You must file ITR if:

• Your income exceeds 2.5 lakh (for individuals below 60 years)

• You want to claim a refund for excess TDS deducted

• You earn income from business, freelancing, or profession

• You have foreign income or foreign assets

• You want to carry forward capital or business losses

• You're a company, LLP, firm, or trust (filing is mandatory regardless of income)

Sources of Income to Declare in ITR:

1. Salary Income

2. House Property Income (rent or self-occupied)

3. Business or Profession

4. Capital Gains (sale of shares, property, etc.)

5. Other Income (interest, dividends, lottery, etc.)

ITR Filing Due Dates (AY 2024–25):
 

Documents Needed for ITR Filing:

• PAN & Aadhaar

• Form 16 (for salaried)

• Form 26AS / AIS (tax statement)

• TDS certificates (Form 16A)

• Bank account details

• Capital gains statements (if any)

• Business income details & books

• Investment proofs (LIC, PPF, 80C, 80D, etc.)

Why Choose SSA TAX for ITR Filing?

We provide:

• Expert selection of correct ITR form

• Quick & accurate e-filing

• Business, capital gain & foreign income handling

• Refund tracking & follow-up

• Audit report filing (if applicable)

• Dedicated support via phone & WhatsApp

Ready to File Your ITR?

Let SSA TAX file your return smoothly and professionally with zero stress.

Contact us today on WhatsApp or Call for expert ITR Filing Services in India!