Income Tax Return
(ITR) Filing Online
Whether you're a salaried employee, freelancer, business owner, or company — we ensure accurate ITR filing, maximise eligible deductions, and keep you fully compliant.
ITR Filing Snapshot
Company Avenue Advisory
Individual filing from
₹499
Filing Time
30–60 Minutes
Return Types
7 ITR Forms
Verification
Mandatory
Refund
Income Tax Dept.
Applicable For
Individuals & Biz
Mode
100% Online
15,000+
ITRs Filed
What is Income Tax Return Filing?
An Income Tax Return (ITR) is an annual declaration submitted to the Income Tax Department reporting your income, deductions claimed, taxes paid, and net tax liability. It establishes your financial record and enables tax refunds.
Filing ITR is mandatory for individuals above the exemption threshold, all companies and LLPs, and anyone with foreign income or capital gains — regardless of whether tax is already deducted at source.
Should You File an Income Tax Return?
Answer a few quick questions to find your applicable ITR form and filing requirements.
ITR Eligibility & Form Finder
Quick questions to find your applicable ITR form
1/4Who are you?
Which ITR Form Applies to You?
There are 7 ITR forms for different taxpayer categories. Using the wrong form results in a defective return notice.
ITR-1
Salaried Individuals
Employees with simple income
ITR-2
Individuals / HUF
Investors & property owners
ITR-3
Individuals / HUF
Freelancers, consultants, professionals
ITR-4
Presumptive Taxpayers
Small traders under 44AD/44ADA
ITR-5
LLP / Partnership / AOP
LLPs and partnership firms
ITR-6
Companies
Pvt. Ltd., Public Ltd. companies
ITR-7
Trusts / NGOs
Trusts, NGOs, political parties
Who Should File an ITR?
Salaried Employees
Income above basic exemption limit.
Freelancers
Any professional income earned.
Consultants
Fees-based professionals.
Doctors
Clinic income and professional fees.
Lawyers
Court fees and retainer income.
Chartered Accountants
Professional practice income.
Businesses
All business owners above threshold.
Startups
Registered entities with income.
Companies
Pvt. Ltd. and public companies.
LLPs
All LLPs regardless of income.
OPCs
Single-member companies.
NRIs
Indian-source income exceeding limits.
Why File an Income Tax Return?
Claim Tax Refund
Excess TDS deducted from salary or interest is refunded only when you file your ITR.
Avoid Penalties
Non-filing attracts late fees of ₹5,000 (₹1,000 for small taxpayers) and interest @1% per month.
Proof of Income
ITR acknowledgement is widely accepted as income proof for loans, visas, and financial products.
Loan Approvals
Banks and NBFCs require 2–3 years of ITR for home loans, business loans, and credit cards.
Visa Applications
Embassies of the US, UK, Schengen, and Canada require filed ITRs as part of visa documentation.
Carry Forward Losses
Capital losses, business losses, and speculative losses can only be carried forward if the return is filed on time.
Government Compliance
ITR filing is mandatory for companies, LLPs, and individuals above the threshold regardless of activity.
Financial Credibility
A consistent ITR filing history establishes your financial record for investments and business dealings.
Key Tax Deductions & Exemptions
Claim every eligible deduction to reduce your tax liability legally.
Section 80C
Up to ₹1.5 Lakh
PPF, ELSS, LIC, NSC, FD, EPF, tuition fees, home loan principal.
Section 80D
Up to ₹25,000
Medical insurance premium for self, family, and parents.
Home Loan Interest
Up to ₹2 Lakh
Interest paid on self-occupied property loan (Section 24b).
Education Loan
Unlimited
Interest paid on education loan (Section 80E) for 8 years.
NPS Investment
Up to ₹50,000
Additional deduction for NPS contribution under Section 80CCD(1B).
HRA Exemption
Actual / Formula
House Rent Allowance exemption for salaried employees in rented accommodation.
LTA
Actual
Leave Travel Allowance for domestic travel — 2 journeys in 4 years.
Donations (80G)
50%–100%
Donations to approved charitable organisations and relief funds.
ITR Filing Document Checklist
ITR Filing Process — Step by Step
Free Consultation
Assess your income sources, applicable ITR form, and potential deductions.
Document Collection
Securely collect Form 16, bank statements, investment proofs, and other required documents.
Tax Computation
Calculate taxable income, eligible deductions, TDS credit, and net tax payable or refundable.
Review & Verification
Share the computed return with you for review before portal submission.
ITR Filing
File the verified return on the Income Tax portal accurately and on time.
E-Verification
Complete mandatory e-verification via Aadhaar OTP, net banking, or Digital Signature.
Acknowledgement
Receive ITR-V acknowledgement confirming successful submission and compliance.
ITR Filing Due Date Calendar
Missing your due date attracts late fees and restricts loss carry-forward benefits.
Individuals
31st July
Salaried, freelancers, and non-audit individuals.
Businesses
31st July
Proprietorships and small businesses not requiring audit.
Companies / LLPs
31st October
All companies and LLPs with mandatory audit.
Tax Audit Cases
30th September
Businesses with turnover exceeding audit threshold.
Belated Return
31st December
Late filing with penalty. No loss carry forward allowed.
Updated Return
Within 2 Years
Correct errors with additional tax payment under Section 139(8A).
Never Miss a Due Date
Our compliance team sends you timely reminders and handles your filing before the deadline.
How Tax Refund Works
If total taxes paid (TDS + advance tax) exceed your actual liability, you receive a refund.
ITR Filed
E-Verified
Dept. Processing
Refund Approved
Bank Credit
Average refund processing is 20–45 days after e-verification. Complex returns may take longer depending on departmental verification.
Consequences of Late ITR Filing
Warning: Don't wait until the last day. Late filing attracts penalty, interest, and permanently restricts loss carry-forward benefits.
Late Filing Fee
₹5,000 for income above ₹5 lakh; ₹1,000 for income below ₹5 lakh. Zero if refund is due.
Interest @ 1% / Month
Interest on unpaid tax from the due date under Section 234A, 234B, and 234C.
Delayed Refund
Late filing means your refund is processed later. Interest on refund (Section 244A) only applies in certain cases.
Loss Carry Forward Lost
Capital losses, business losses, and speculative losses cannot be carried forward if the ITR is not filed by the due date.
Department Notices
Non-filers with taxable income receive notices under Section 142(1) and 148 for scrutiny assessment.
Compliance Record
A gap in filing history affects financial credibility, loan applications, and government tenders.
Avoid These ITR Filing Mistakes
Choosing the Wrong ITR Form
Filing ITR-1 when you have capital gains or business income leads to defective return notices. We verify your correct form.
Missing Form 16 Details
All employer-reported figures must match. Discrepancy between Form 16 and AIS triggers departmental scrutiny.
Ignoring AIS / TIS Information
The Annual Information Statement (AIS) shows all income sources including interest, dividends, and market transactions — all must be reconciled.
Incorrect Bank Account
Your refund credit fails if the pre-validated bank account IFSC or account number is wrong in the filing.
Unclaimed Deductions
Many taxpayers miss 80C, 80D, HRA, home loan interest, and NPS deductions that could significantly reduce tax liability.
Missing Foreign Income
Foreign salaries, investments, and assets must be disclosed in Schedule FA. Non-disclosure attracts heavy penalties under Black Money Act.
Not Verifying the Return
Filing without e-verification means the return is treated as not filed. E-verify within 30 days of filing to complete the process.
Why Choose Company Avenue for ITR Filing?
15,000+
ITRs Filed
99%
Accuracy Rate
15+
Years Experience
24 hrs
Response Time
Free Tax Filing Resources
ITR Filing Checklist
All documents in one list
Tax Saving Guide
80C to 80U deductions guide
ITR Due Date Calendar
All deadlines for the year
Investment Deduction Guide
Maximise your 80C investments
Income Tax Calculators
Income Tax Calculator
Compute your tax liability
Old vs New Regime Calculator
Compare both tax regimes
HRA Calculator
Calculate HRA exemption
80C Deduction Calculator
Maximise section 80C savings
Advance Tax Calculator
Calculate quarterly advance tax
Your Complete Tax Compliance Journey
Frequently Asked Questions
File Your ITR Today
Expert CAs handle your complete return — from computation to e-verification.
ITR Checklist
Download the complete ITR filing document checklist as PDF.
15K+
ITRs Filed
99%
Accuracy
15+
Years Exp.
24h
Response
Related Services
File Your Income Tax Return
the Smart Way
Avoid errors, maximise eligible tax savings, and ensure complete compliance with expert guidance from Company Avenue Advisory. Whether you're an individual taxpayer or a growing business, we simplify the entire filing process.