ITR Filing Online has now become easy and fast. Our Experts will file your ITR in Just 4 Days!

Intro

₹ 2199/-

All-inclusive Price
for Individuals/Salaried ITR filing Online*

Expert Assistance
Computation of Income Tax Payable
Filing of ITR Online
Acknowledgement of ITR Filed
Call, Chat(WA),& Email Support
Frequent Updates through your filingbee account

Select Plan

Base

₹ 4199/-

All-inclusive Price
for LLP/ Partnership/Proprietorship ITR filing Online*

Expert Assistance
Computation of Income Tax Payable
Filing of ITR Online
Acknowledgement of ITR Filed
Call, Chat(WA),& Email Support
Frequent Updates through your filingbee account

Select Plan

Pro

₹ 6199/-

All-inclusive Price
for Pvt.Ltd/OPC ITR filing Online*

Expert Assistance
Computation of Income Tax Payable
Filing of ITR Online
Acknowledgement of ITR Filed
Call, Chat(WA),& Email Support
Frequent Updates through your filingbee account

Select Plan

Got Queries?

Get in touch with our experts by filling in your details

* All plans apply to incomes up to INR 10 Lakhs only. In case of income exceeding the limit, please get in touch with us for pricing, as well as Statutory & Audit Fees are not included in this plan.

As per the following timeline,
your selected plan will be processed

Day 1-2

Collect

We collect necessary We collect the necessary information & documents for ITR FIling Online

Day 3-4

Draft

We Compute and Prepare the I.T. returns, Payment of tax by the taxpayer(if applicable)

Day 4-5

Process

We proceed to submit the ITR Return Online and share acknowledgment with you.

Finally

Government Processing Time.

ITR Filing Online:
What is an ITR - An Overview

ITR stands for Income Tax Return. It contains the information about an individual/company income for a given financial year, and tax payments on that income are communicated to the Income-tax Department. In addition, the tax department permits loss carry-forward and refunds claims during ITR Filing Online.

As stated, Income-tax is levied on the annual income of a person/company. According to the Income-tax Law, the tax year starts on 1st April and ends on 31st March. Under the Income-tax Law, the year is classified as (1) Previous year and (2) Assessment year. The year in which income is earned is called the previous year, and the year in which the income is charged to tax is called the assessment year.

What are the benefits of ITR Filing Online?

Carry Forward Loss

When you incur capital losses, you may set these against your income while filing. However, you cannot take advantage of this option unless you file an annual tax return.

Apply for a Loan

Your income tax return is a crucial document that banks will require, among other documents, when you apply for a loan at a critical point in the growth of your business before deciding whether you are a good investment for them to grant a large sum of money which you must repay.

Saves from Penalty and Prosecution

Tax evasion carries severe penalties in India. And The penalties for filing late can also reduce your profits.

Define financial worth

The income tax return filed by a taxpayer with the government defines their financial standing. A track of ITR demonstrates the financial capacity of a person while increasing their capital base as well.
Accordingly, income and financial worth are determined by the previously filed ITR.

What are the different forms applicable for ITR Filing Online

Form No. : ITR-1 SAHAJ

For individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest, etc.), and agricultural income up to Rs.5 thousand

Form No. : ITR-2

For Individuals and HUFs not having income from profits and gains of business or profession.

Form No. : ITR-3

For individuals and HUFs having income from profits and gains of business or profession

Form No. : ITR-4 Sugam

For Individuals, HUFs and Firms (other than LLP) are residents with total income up to Rs.50 lakh and income from business and profession, computed under sections 44AD, 44ADA, or 44AE.

Form No. : ITR-5

For persons other than- (i) individual, (ii) HUF, (iii) company, and (iv) person filing Form ITR-7 or Applicable to Firms /LLPs etc.

Form No. : ITR-6

For Companies other than companies claiming exemption under section 11

Form No. : ITR-7

For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only or income from charitable or service activities.

List of Documents Required for
ITR Filing Online

Pan Card of the Taxpayer/Directors/Partners
Aadhaar Card of the Taxpayers(as applicable)
Bank Account Statement/Financial Statements(F.Y.)

Investment/ Expenses or Deduction Claimed u/s 80*
Documents - Sale or Purchase of Assets/Investments
Form 16/16A ( TDS Certificate), Salary slips

NOTE:

*Deduction Claims: To support claimed deductions, receipts of insurance premium payments, provident purchases of NASCs, new equity shares, mutual funds, and other contributions are needed.

**We will collect additional documents based on the information you provided to the filingbee.

Here Are Some Frequently Asked Questions

Individuals and non-audit cases have until 31st July, and audit cases have until 31st September to submit their income tax returns. Due to COVID-19, the due date of F.Y. 19-20 has been extended by CBDT to 31st December 2020 for individual and non-audit cases and 31st January 2021 for audit cases.

Income tax is levied on the annual income of a person. The year under the Income-tax Law starts from 1st April and ends on 31st March of the following calendar year. The Income-tax Law classifies the year as (1) Previous year and (2) Assessment year. The year in which income is earned is called the previous year, and the year in which the income is charged to tax is called the assessment year.
e.g., income earned during the period of 1st April 2021 to 31st March 2022 is treated as income of the previous year 2021-22. Income of the previous year 2021-22 will be tax in the next year, i.e., in the assessment year 2022-23.

Income tax is to be paid by every person. The term 'person' as defined under the Income-tax Act under section 2(3) covers natural and artificial persons in its ambit. To charge Income-tax, the term 'person' includes Individual, Hindu Undivided Families [HUFs], Association of Persons [AOPs], Body of individuals [BOIs], Firms, LLPs, Companies, Local authority and any artificial juridical person not covered under any of the above. Thus, from the definition of the term 'person,' it can be observed that, apart from a natural person, i.e., an individual, any sort of artificial entity will also be liable to pay Income-tax. Income tax is levied on the income of every person.

Under the Income-tax Law, the word income has an extensive and inclusive meaning. In the case of a salaried person, all received from an employer in cash, kind, or as a facility is considered an income. For a business person, his net profit will constitute his income. Income may also flow from investments in the form of Interest, Dividend, Commission, etc. Further, income may be earned on the sale of capital assets like building, gold, etc. Income shall be computed as per relevant provision of Income-tax Act, 1961, which lays down detailed conditions for computation of income chargeable to tax under various heads of income.

Businesses (Company, LLP, Firm) must file a tax return even if their taxes are zero or no income. It is recommended that an individual file an ITR when their income exceeds the basic exemption limit to avoid Income Tax Department scrutiny. In addition, it is necessary to file an ITR even if you have filed one before. Whenever required, the same can be provided as proof of income.

If you have sustained a loss in the financial year, which you propose to carry forward to the subsequent year for adjustment against the following year(s) positive income, you must claim loss by filing your return before the due date.

For every source of income, you have to retain proof of earning and the documents specified under the Income-tax Act. If no such records are prescribed, you should maintain proper records to support the claim of income.

After furnishing the return, if a person finds any mistake, omission, or wrong statement, the return should be revised within a prescribed time limit. A return can be revised at any time 3 months before the end of the Assessment Year or before completing the assessment, whichever is earlier. If the original return has been filed in paper format or manually, then technically, it cannot be revised by online mode or electronically.

If a person is required to furnish a return of income under section 139 and fails to do so within the time prescribed in sub-section (1), you will have to pay interest tax due. Further, as per section 234F, late filing fees of Rs.5,000 shall be payable if return furnished after the due date specified under section 139(1).
However, the amount of late filing fees to be paid shall be Rs.1,000, if the total income of the person does not exceed Rs.5 lakhs.

Although your employer will deduct your TDS regularly and timely, you must still file a tax return if your income exceeds Rs. 2,50,000. This helps determine whether a refund is due or if one is eligible.

Those who fail to file the return on the due date have the option of filing it up to a specific date, which will incur a late filing fee, but the belated return may be filed before the end of the Assessment Year for the financial year is due. That means, for F.Y. 2019-20, belated returns can be filed till 31st March 2021.

The late filing fee is based on the date of filing the belated return. Depending on the period of filing, there is a late fee:

Return filed after the due date but till December – late filing fees of ₹ 5,000 will be charged
For returns filed after 31st December – late filing fees of ₹10,000 will be charged

However, for small taxpayers with an income up to ₹ 5 Lakh, the fees are limited to ₹ 1,000 only.

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ITR Filing Online in India