Income Tax Return Filing in Hyderabad
File your Income Tax Return accurately and on time. Our tax experts handle ITR-1 to ITR-6 for individuals, salaried employees, self-employed professionals, and businesses of all sizes.
What is Income Tax Return (ITR) Filing?
Income Tax Return (ITR) filing is the process of reporting your annual income, deductions, and taxes paid to the Income Tax Department of India. It is mandatory for individuals with gross income above ₹2.5 lakh per year, as well as companies, LLPs, and firms regardless of profit or loss. Timely and accurate ITR filing avoids penalties, enables loan applications, and facilitates tax refunds. Dealintax handles all types of ITR forms — from the simple ITR-1 for salaried employees to the complex ITR-6 for companies.
Who Needs Income Tax Return (ITR) Filing?
ITR filing is required for salaried individuals earning above the basic exemption limit, self-employed professionals (doctors, lawyers, consultants), business owners and freelancers, companies, LLPs, and partnership firms, as well as individuals who want to claim a tax refund or apply for a home loan or visa.
Documents Required
How to File Your Income Tax Return — Step by Step
Share Income Details
Share your Form 16, bank statements, and investment proofs with our tax expert via WhatsApp or email.
Income Computation
We compute your total income, applicable deductions under 80C/80D/HRA, and calculate your exact tax liability.
ITR Form Selection
We identify the correct ITR form based on your income sources (salary, business, capital gains, etc.).
Return Filing
We file your ITR on the Income Tax portal with full accuracy, ensuring all deductions are claimed correctly.
Acknowledgement (ITR-V)
You receive the ITR-V acknowledgement instantly after filing. Refunds (if any) are processed by the IT Department within 15–45 days.
Benefits of Income Tax Return (ITR) Filing
- Avoid penalties and prosecution for late filing (up to ₹10,000 penalty)
- Claim income tax refunds directly in your bank account
- Mandatory for visa applications and loan approvals
- Carry forward business losses to offset future profits
- Proof of income for home loans, car loans, and credit cards
- Compliance with Income Tax Act avoids scrutiny notices
Frequently Asked Questions
What is the last date to file ITR?
For individuals (non-audit cases), the last date to file ITR is 31st July of the assessment year. For businesses requiring audit, the deadline is 31st October. Late filing can attract penalties up to ₹10,000.
Which ITR form should I file?
ITR-1 is for salaried individuals with income up to ₹50 lakh. ITR-2 is for those with capital gains or more than one house. ITR-3/4 is for business income. ITR-5/6 is for firms and companies. Our experts select the right form for you.
What happens if I don’t file ITR?
Non-filing attracts penalties under Section 234F (up to ₹10,000), interest on unpaid taxes, and may trigger notices from the Income Tax Department. Repeated non-compliance can lead to prosecution.
Can I revise my filed ITR?
Yes, you can file a Revised Return under Section 139(5) to correct any errors or omissions. The revised return must be filed within the end of the relevant assessment year.
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