Service Details

ITR-1 (SAHAJ)

Who Is Eligible?

• Resident individuals who are not classified as Resident but Not Ordinarily Resident (RNOR).
• Salaried employees and pensioners with eligible income from salary, pension, interest, dividends and other permitted sources.
• Individuals with income from up to two house properties, subject to applicable conditions.
• Individuals with total income up to ₹50 lakh.

Income and Other Limits

• Total income must not exceed ₹50 lakh.
• Agricultural income must not exceed ₹5,000.
• Eligible long-term capital gains under Section 112A must not exceed ₹1.25 lakh.

Not Eligible: Individuals with business or professional income, short-term capital gains, foreign income, foreign assets or other disqualifying circumstances specified in the applicable rules.

ITR-2

Who Is Eligible?

• Resident and non-resident individuals without business or professional income.
• Hindu Undivided Families (HUFs) without business or professional income.
• Salaried employees, pensioners, investors and property owners.
• Individuals reporting short-term or long-term capital gains, foreign income or income from multiple house properties.
• Company directors and individuals holding unlisted equity shares, where applicable.

Income and Other Limits

• No general maximum total-income limit.
• Suitable for eligible taxpayers whose income sources or circumstances make them ineligible for ITR-1.
• Business or professional income cannot be reported under this form.

Not Eligible: Individuals and HUFs with taxable income under the head “Profits and Gains of Business or Profession.”

ITR-3

Who Is Eligible?

• Individuals and HUFs earning income from business or profession.
• Proprietors, freelancers, consultants and self-employed professionals.
• Individuals reporting business income along with salary, house property, capital gains or other income.
• Taxpayers who do not qualify for ITR-4 but must report business or professional income.

Income and Turnover Limits

• No general maximum total-income or turnover limit.
• Tax audit requirements depend on turnover, gross receipts and applicable statutory conditions.
• Presumptive taxation may be available where the taxpayer meets the relevant eligibility criteria.

Not Eligible: Firms, LLPs and companies that must use other applicable ITR forms.

ITR-4 (SUGAM)

Who Is Eligible?

• Resident individuals who are not RNOR, eligible HUFs and resident partnership firms other than LLPs.
• Small business owners opting for the presumptive taxation scheme under Section 44AD.
• Specified professionals opting for presumptive taxation under Section 44ADA.
• Eligible goods carriage operators under Section 44AE.
• Taxpayers with total income up to ₹50 lakh who satisfy all other ITR-4 conditions.

Income and Turnover Limits

• Section 44AD – Eligible Businesses: Turnover up to ₹2 crore, increased to ₹3 crore if cash receipts do not exceed 5% of total turnover or gross receipts.
• Section 44ADA – Specified Professionals: Gross receipts up to ₹50 lakh, increased to ₹75 lakh if cash receipts do not exceed 5% of total gross receipts.
• Section 44AE – Goods Carriage Business: Applies to eligible taxpayers meeting the prescribed goods carriage ownership and other conditions.

Not Eligible: Taxpayers who are non-residents or RNORs, have total income exceeding ₹50 lakh, or fall under other exclusions specified in the applicable ITR-4 instructions.

ITR-5

Who Is Eligible?

• Partnership firms and Limited Liability Partnerships (LLPs).
• Associations of Persons (AOPs) and Bodies of Individuals (BOIs).
• Co-operative societies and societies registered under applicable laws.
• Eligible trusts, local authorities and artificial juridical persons.
• Certain business trusts, investment funds, estates and representative assessees.

Income and Turnover Limits

• No general maximum turnover or total-income limit.
• Tax audit and compliance requirements depend on the entity type, turnover and applicable law.

Not Eligible: Individuals, HUFs, companies and persons required to file ITR-7 under the applicable provisions.

ITR-6

Who Is Eligible?

• Private Limited Companies and Public Limited Companies.
• One Person Companies (OPCs).
• Other companies are required to file an income tax return under the applicable provisions.

Income and Turnover Limits

• No general maximum turnover or total-income limit.
• Applicable accounting, tax audit and statutory filing requirements must be followed.

Not Eligible: Companies claiming exemption under Section 11, which generally need to use ITR-7 where applicable.

ITR-7

Who Is Eligible?

• Charitable or religious trusts and institutions required to file under Section 139(4A).
• Political parties required to file under Section 139(4B).
• Specified institutions covered under Section 139(4C), including eligible research associations and other notified institutions.
• Universities, colleges and other eligible institutions covered under Section 139(4D).
• Other persons, including eligible companies, are required to file under these provisions.

Income and Other Limits

• No general maximum turnover or total-income limit.
• Filing obligations and eligibility for tax exemptions depend on the entity's legal status, activities and applicable provisions.

Not Eligible: Ordinary individuals, firms and companies that do not fall within the categories covered by ITR-7.

Important Note

• The correct ITR form depends on the taxpayer's category, residential status, income sources, turnover or gross receipts, and applicable tax rules. Turnover limits apply to specific presumptive taxation schemes and do not determine the correct ITR form in every case. Final eligibility must be verified against the applicable Assessment Year and current Income Tax Department instructions.

Benefits

• Helps taxpayers meet applicable income tax filing requirements.
• Supports accurate reporting of income, deductions and tax liability.
• Helps identify eligible deductions, exemptions and tax credits.
• Provides filing assistance and return acknowledgement records.
• Supports refund tracking and correction of eligible filing errors.

Package Includes:

• Income and Tax Details Review
• Business Income, Expenses and Financial Records Review
• Balance Sheet, Profit & Loss Account and Capital Account Preparation, as applicable
• Asset, Liability, Debtor and Creditor Details Review
• ITR Form Selection and Income Tax Return Preparation
• Tax Calculation, TDS Reconciliation and Tax Liability Review
• Online Filing and E-Verification Guidance
• Filing Acknowledgement and Refund Status Assistance
• Dedicated Relationship Executive Support

Additional Services

• Preparation or Revision of Balance Sheet and Profit & Loss Account
• Bookkeeping and Financial Statement Preparation
• Bank Statement Reconciliation and Transaction Classification
• Capital Gains and Other Income Reporting
• GST Turnover and Financial Record Reconciliation
• Tax Regime Comparison and Tax Planning Assistance
• TDS Mismatch, Income Tax Notice and Demand Response Assistance
• Revised, Belated and Updated Return Filing, where eligible
• Previous-Year ITR Filing and Financial Statement Preparation, where legally permitted
• Business Financial Analysis and Consultation

Approximate Time Duration : 10 to 15 Working Days

*Time may vary depending on government processing and document verification.

Price Covers -Service + executive + admin + support: – end-to-end assistance including documentation, online uploads, portal management, expert consultation, printing and support from a dedicated relationship executive.

Note: Our service charges may vary depending on the specific requirements of each client. Prices are determined individually for every service based on scope, complexity, and customization needs. A detailed quotation will be provided after understanding your exact requirements.

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