ITR Filing in Fatehpur

Overview of Income Tax Return Filing in Fatehpur

The mechanism by which the taxpayer must record all of his income obtained during the financial year is by filing an ITR. Through the Income Tax Department’s official website, individuals can file their taxes. There have been seven distinct ways to announce it. Hindu Undivided Families (HUFs), corporations, and self-employed or salaried people must file tax returns before to the deadline in order to avoid penalties for filing them late.

Advantages of ITR Filing in Fatehpur

Here are some reasons to choose Fatehpur to file ITR-

• Proof of Income
• Claiming Refund
• Avoid fines and penalties
• Required for VISA application

Documents required for Income Tax Return Filing in Fatehpur

• 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 penalty for failure to pay income tax?

If you file your IT return after the due date but before December 31 of the assessment year, you will have to pay a late penalty of ₹5,000. In case you pay after 31st December of this AY, the penalty will be ₹10,000. However, the late fee would not exceed ₹1000 if your income does not exceed ₹5000.