ITR Filing in Barmer

Barmer, a city in Rajasthan, is an ideal location for Income Tax Return Filing in Barmer due to its accessibility, proximity to nearby cities, regional tax expertise, and growing business hub. Barmer-based tax consultants offer hassle-free ITR filing services. ITRs are required for individuals, Hindu Undivided Families, companies, and associations to accurately track and assess tax liability.

Types of Income Tax Return Forms

  • ITR-1 or SAHAJ : This form is for residents of India with a salary up to Rs. 50 lakhs, income, property and farming pay upto Rs. 5000, not for those with resources outside India, directors, unlisted securities, or other sources.
  • ITR-2 : ITR 2 is for Individuals and HUFs who do not have business income.
  • ITR-3 : ITR 3 is meant for Individuals and HUFs with business income.
  • ITR-4 or Sugam : ITR 4 applies to residents with up to Rs. 50 lacs income, not maintaining books of account, and wanting to pay tax on the deemed basis under the Income Tax Act, 1961, excluding outsiders.
  • ITR-5 : This form is meant for persons other than individuals, HUF, Companies and person filing returns in the ITR 7 form.
  • ITR-6 : This form is for companies other than organization exempted under section 11 of the income Tax Act, 1961
  • ITR-7 : This Structure intended for perosns including companies who need to file a return under Section 139(4A) 139(4B) or 139 (4D) of the Income Tax Act, 1961 particularly.

Documents and details required to file ITR/Income Tax Return

It is important to understand the documents and details required to file ITR to ensure that the process goes smoothly. The following documents are required for Income Tax Return Filing in Barmer:

  • PAN card
  • AADHAR card
  • Complete account statement/bank passbook for the financial year
  • Income tax credentials Login
  • Form 16
  • Real estate purchase and sale agreement
  • Demat account statement for mutual fund returns
  • Home loan statement
  • Account books maintained by Sales Ledger, Purchase Ledger, Expense Voucher, Complete Bank Statements, Stock Ledger, Fixed Asset Ledger, Audit Report
  • TDS return
  • GST return
  • Fixed deposit interest certificate
  • Receipt of LIC Premium
  • Receipt of Tuition fee
  • Certificate of premium for health insurance
  • Donation receipt
  • PF/ESI Passbook

What is the Procedure for ITR Filing in Barmer?

  • 1

    Complete a simple questionnaire provided by our team.

  • 2

    Provide the necessary documents.

  • 3

    Analysis of all the details and filing of tax returns before the due dat.

  • 4

    After completing the income tax return, we will inform you further and also provide you with the computation and return form.

What is the penalty for failure to pay income tax?

Income

Penalties

Before 31st December of AY

After 31ST December of AY

Income below ₹5,00,000

₹1000

₹1000

Income above ₹5,00,000

₹5,000

₹10,000

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