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Vimkes's Services Income Tax Returns

Chennai's leading tax filing website, Registered with the Income-tax Department as an e-Return Intermediary

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Income-Tax return

Income Tax Return is the form in which assessee files information about his/her Income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses.

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Documents needed to E-file Taxes Online

The Permanent Account Number (PAN) of the individual. The Aadhaar number of the individual. The Aadhaar number must be linked with the PAN. The bank account details (bank account number, IFSC code, and bank branch) of the individual. All documents are mandatory for ITR filing.

Benefits Of ITR Filing

It has been proposed to exempt the senior citizens from filing income tax returns if pension income and interest income are their only annual income source. Section 194P has been newly inserted to enforce the banks to deduct tax on senior citizens more than 75 years of age who have a pension and interest income from the bank.

Why Income-Tax Return Services are Important

Even if your income level does not qualify for mandatory filing of returns, it may still be a good idea to voluntarily file returns. In most states, registration of immovable properties requires advancing as proof the tax returns of last three years. Filing returns makes it easier to register the transaction.