Why choose Udaipur to file ITR?
Some features of the city of Udaipur are given below-
- Udaipur has a large number of educated and skilled workers, making it a great place to set up manufacturing and IT operations.
- Udaipur offers lower labor and real estate costs compared to major metros, making it an attractive location to set up operations.
- Udaipur is a popular tourist destination, making it an ideal location for tourism-related businesses.
- The city is well connected to other cities of Rajasthan. It also has good connectivity with cities of other states.
Documents required for Income Tax Return Filing in Udaipur
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 Udaipur:
- 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 Udaipur?
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.
What is the penalty for failure to pay Income Tax Return Filing in Udaipur
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.
