Benefits of Income Tax Return Filing
Every Person who is earning Income should have file return. Many persons do not file return in case of income below threshold limit because they are not aware about the benefits of income Tax Return filing. Following are benefits of ITR filing:
ITR acts as legal proof of your income.
Helpful for visa applications, loan approvals, and credit card applications.
Banks often ask for ITRs of the last 2–3 years when you apply for home loans, personal loans, or car loans.
Filing ITR shows you have a stable financial background.
If excess tax has been deducted, you can claim a refund by filing your ITR.
Without filing, you cannot get your extra deducted money back.
If you incur losses (like in business, stocks, or property), filing ITR on time allows you to carry forward those losses and set them off against future income — reducing future tax burden.
Many embassies, especially for countries like the USA, UK, Canada, ask for ITR documents to check your financial stability before approving your visa.
Filing ITR keeps you compliant with the law.
It helps you avoid penalties and gives you a sense of peace that your records are clean.
Salaried people get Form-16 as proof of income, but freelancers or self-employed individuals use ITR as their official income proof.
If you want to apply for government contracts, many times ITR of the last few years is mandatory.
Some insurance companies ask for ITR documents if you want a high sum assured policy (e.g., above ₹50 lakh).
Consistent ITR filing builds your financial track record, which is useful for business expansion, investments, or any major financial planning.
Peepal Wealth provide Income Tax Return filing services all over India. No need to come physically at our office
Service charges for Income Tax Returns are:
|
S. No |
ITR Filing Services |
Fees Starting onwards |
|
1 |
ITR-1 For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50 lakhs, having Income from Salaries, One House Property, Other Sources (Interest etc.), and Agricultural Income upto Rs.5 thousand(Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares) |
499/- |
|
Required Documents |
1. PAN card* 2. Aadhaar Card * 3. Form -16 form Employers* 4. Bank Statement* 5. Chapter VI educations or Mediclaim Details 6.TDS detail (Form 26 AS) 7. PF/Tuition Fees/LIC/Home Loan Interest/Stamp Duty/Mutual Fund/Fixed Deposit 8. Other Income Details 9. User ID /Password (if Register Under Income Tax)* 10. Mobile no and Email ID* |
|
|
2 |
ITR-2 (Capital Gain/ House Property / Other Source) For Individuals and HUFs not having income from profits and gains of business or profession. (Salary+Stock Market+Other Income) |
2499/- |
|
Required Documents |
1. PAN card* 2. Aadhaar Card * 3.Date of purchase of Capital Assets* 4.Income From Capital Assets Details.* 5.Details of investment in Capital Gains Accounts Scheme 6. Re-investment purchase deed for claiming exemption from Capital Gains 7. Bank Statement* 8. Home Loan, Educations Loan & Mediclaim Details 9.TDS details (Form 26 AS) 10. PF/Tuition Fees/LIC/Home Loan Interest/Stamp Duty/Mutual Fund/Fixed Deposit 11. Other Income Details 12. User ID /Password (if Register Under Income Tax)* 13. Mobile no and Email ID* |
|
|
3 |
ITR-3 For individuals and HUFs having income from profits and gains of business or profession. (Proprietor Business) (Salary+Stocks+F&O+Intraday+Other Income) |
2999/- |
|
4 |
ITR-4 (For Individuals, HUFs and Firms (other than LLP) being a Resident having Total Income up to Rs.50 lakhs and having income from Business and Profession which is computed under sections 44AD, 44ADA or 44AE |
999/- |
|
Required Documents |
1. PAN card.* 2.Aadhar Card 3.Name of business and Nature of Business 4.Income and Expenditure details 5.TDS detail (Form 26 AS) 6. Bank Statement* 7.Salary details. (if salary paid any worker/employee)8. Chapter VI Deductions or medical details 9.Other Investment details 10. User Id /Password (if Register Under Income Tax)* 11. Mobile no and Email Id*" |
|
|
5 |
CA Certification of ITR |
1499/- |
|
6 |
ITR (Form 10E) |
1499/- |
|
7 |
ITR (Response of Notice) |
699/- |
|
8 |
ITR Correction |
999/- |
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