ITR Filing in Bhinmal

Why choose Bhinmal to file ITR?

Here are some reasons to choose Bhinmal to file ITR-

• Bhinmal is a historic town in Rajasthan, India, known for its ancient Jain temples, step wells, and archaeological sites.
• It is an ideal location for filing ITR due to its accessibility, cost-effectiveness, expert assistance, fast and efficient processing, personalized attention, and ease of communication.
• The cost of hiring a Chartered Accountant for ITR filing is relatively lower than in other metropolitan cities, making it an attractive option for individuals and small businesses.

Documents required for Income Tax Return Filing in Bhinmal

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 ITR filing in Bhinmal:

• PAN card
• AADHAR card
• Complete account statement/bank passbook for the financial year
• 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 Bhinmal?

The procedure to follow for Income Tax Return Filing in Bhinmal is-

• Complete a simple questionnaire.
• Provide us with all the necessary documents.
• Verification Needed
• File your Tax Return
• Get your Computation Form

Advantages of ITR Filing in Bhinmal

• For Easy Loan Approval
• Proof of Income
• Avoiding fines
• Claiming Refunds
• Visa applications

It helps analyze income and taxes paid, avoids penalties, and provides information on net worth.

What is the penalty for failure to pay income tax?

Late filing fees for IT returns in FY 2023-24 will be charged from December 31, with penalties ranging from 5,000 to 10,000 depending on when the return was filed.