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ITR Filing in Pushkar

Pushkar is a small town located in the Ajmer district of the Indian state of Rajasthan. It is known for its vibrant culture, scenic beauty, and religious significance. While Pushkar may not be the first place that comes to mind when one thinks of income tax filing, there are certain geographic advantages to filing ITRs from this location. Pushkar is a good place to file your ITRs from a geographic standpoint due to its central location, connectivity, peaceful environment, lower cost of living, and cultural significance. Income Tax Return Filing in Pushkar you can combine a tax filing experience with a cultural and peaceful getaway. In this article, we will discuss why Pushkar is an ideal location for filing ITR.

Advantages of ITR Filing in Pushkar

  • 1

    Income Verification

    The best way to demonstrate income or determine a person's net worth is through an ITR confirmation form. You can determine a person's type of income and taxes paid by glancing at their ITR form.
  • 2

    ITR filing prevents fines

    You can avoid the fines imposed on taxpayers who fail to file a tax return by the deadline by filing a tax return.
  • 3

    Requesting a Refund

    If any relevant authority has paid excess tax after you have already paid advance tax or your employer has deducted any TDS or investments, you may be eligible for a tax refund.
  • 4

    Essential to VISA applications

    ITR is the most significant paperwork required by the foreign embassy for individuals who want to relocate overseas. It's crucial to file income tax returns on a regular basis.

Documents required for Income Tax Return Filing in Pushkar

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 filing ITR in Pushkar:

  • 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 Pushkar?

The procedure to follow for filing ITR is-

  • Complete a simple questionnaire provided by our team.
  • Provide us with all the necessary documents as mentioned above.
  • We will analyze all the details and after verification from the client, we will file your tax return before the due date and protect you from any penalty.
  • After completing the income tax return, we will inform you further and also provide you with the computation and return form.

Penalty for late Income Tax Return Filing in Pushkar

If you don’t submit your ITR by the deadline, you could be penalized with a Rs 5,000 late filing fee. If your annual income is less than Rs. 5 lakh, this fine will be lowered to Rs. 1,000. According to Section 234A, you can be required to pay interest on the unpaid tax at a rate of 1% every month, or part of a month.

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