Description
📌 General Introduction to Income Tax Return (ITR) Filing
Income Tax Return (ITR) is a legal form filed with the Income Tax Department of India, which declares your annual income, investments, tax deductions, and tax payments. Under the Income Tax Act, 1961, every individual earning a taxable income in a financial year is required to file their ITR on or before the due date. The Financial Year (FY) 2024–25 corresponds to the Assessment Year (AY) 2025–26. Filing returns is not just a responsibility but also a record of your financial behavior and status. The Income Tax Department has made e-filing mandatory for most taxpayers, except for certain exempted categories, and various utilities like AIS (Annual Information Statement) and Form 26AS are provided for transparency.
❓ Why Income Tax Return is Needed / Important
Filing an ITR is more than just a compliance formality—it’s a financial necessity. For salaried individuals, it ensures transparency in earnings, deductions, and tax payments. For freelancers or business owners, it legitimizes income and claims eligible business expenses. Not filing ITR despite taxable income can lead to penalties u/s 234F, interest under sections 234A/234B/234C, and even prosecution under certain circumstances. Even if your income is below the basic exemption limit (₹2.5L/₹3L/₹5L), you may still need to file for purposes like visa applications, loan processing, or carrying forward capital losses.
🎁 Benefits of Filing Income Tax Return
✅ A. Proof of Income
ITR serves as valid proof of income for various legal and financial purposes. It is accepted by banks, embassies, and government agencies as documentary proof of your earnings. This becomes crucial when you are applying for loans, renting property, or funding education abroad.
✅ B. Claiming Refunds
If excess tax has been deducted via TDS (Tax Deducted at Source) on salary, interest income, or any other source, it can only be reclaimed by filing your ITR. Many salaried individuals and senior citizens often miss claiming these refunds without ITR filing.
✅ C. Loan & Credit Card Approvals
Banks and NBFCs consider ITRs for processing loans like home loans, car loans, and personal loans. Most lenders ask for 2–3 years’ ITR copies to assess your repayment capacity. The same applies to higher credit card limits or business credit applications.
✅ D. Carry Forward of Losses
Losses under the heads Capital Gains and Business Income can only be carried forward to future years if the ITR is filed before the due date. These can then be adjusted against future gains, reducing future tax liabilities.
✅ E. Visa Applications
Countries like the USA, UK, Canada, and Schengen nations require ITRs for the past 2–3 years as part of the visa documentation process. It establishes your financial stability and intent to return to India after travel.
| 🔷 Why Should I Use Kuber Consultancy Services for Income Tax Return Filing?
At Kuber Consultancy Services, we offer more than just ITR filing — we deliver peace of mind. Our team of experienced Chartered Accountants and tax experts ensures accurate filing, personalized advice, and full compliance with the latest provisions under the Income Tax Act, 1961. With changes like the new tax slabs, AIS (Annual Information Statement), Form 26AS matching, and more stringent tracking by the IT Department, professional handling is no longer optional but necessary.
We understand that each individual’s income scenario is unique. Whether you are a salaried employee, freelancer, property owner, or investor in stocks or mutual funds, we tailor our services accordingly. Our platform provides end-to-end support, including tax planning, documentation help, and post-filing compliance assistance like responding to notices or tracking refunds.
Our process is digital-first but human-backed. You can easily upload your documents via email or a secure client dashboard, and our experts will review everything personally. We also offer year-round support, not just during tax season. 🧾✨ |
🙋 Who Is Required to File an Income Tax Return?
Even if your income is below the taxable limit, you may still need or benefit from filing an ITR. Here’s who must or should file:
- Income above the Basic Exemption Limit – For FY 2024-25, the limit is:
- ₹2.5 lakh (Old Regime)
- ₹3 lakh (New Regime)
- TDS Deducted or Refund Due – If TDS is deducted (e.g., from salary, FD interest), you must file to claim refund.
- Foreign Income or Assets – If you hold foreign assets (stocks, bank accounts), or receive income from abroad, ITR filing is mandatory regardless of income level.
- Freelancers/Professionals/Business Owners – Income from self-employment or business must be reported using ITR-3/4.
- Loan/Travel/Visa Applicants – Filing ITR is often a prerequisite for loan approval and visa processing for countries like USA, Canada, UK, etc.
- Investors in Crypto, Shares or Mutual Funds – Even if there’s no gain, it’s advisable to report your capital assets to avoid scrutiny later.
📢 Tip: Filing ITR voluntarily even when not required builds financial credibility. Use it as a proof of income!
📥 What Kind of Income Needs to be Reported in ITR
Reporting all sources of income is essential to avoid legal trouble and to ensure correct tax liability. These include:
💼 Salary Income
Includes basic salary, HRA, DA, bonus, and taxable allowances. Employers issue Form 16 detailing income and TDS deducted.
🏠 Income from House Property
Includes rent from property, even if it’s jointly owned. Self-occupied property is also shown for claiming interest deduction on home loan.
📈 Capital Gains
From sale of shares, mutual funds, property, or gold. Gains may be short-term or long-term, each with different tax implications. Losses too must be reported.
🧾 Business/Profession Income
Any self-employed income, freelance work, online earnings, or consultancy. Books of accounts may be required for high income or under regular taxation.
💰 Other Sources
Such as interest from savings accounts, FDs, dividends, gifts received, lottery winnings, etc. All must be declared even if TDS is already deducted.
📄 Types of ITR Forms for Individuals (AY 2025–26)
Different types of ITR forms apply to individuals based on the nature and amount of income. Here’s a detailed breakdown:
🧾 ITR-1 (Sahaj)
For resident individuals having income up to ₹50 lakh from salary, one house property, other sources (interest, etc.), and agricultural income up to ₹5,000. Cannot be used by NRIs or directors in companies.
🧾 ITR-2
Applicable for individuals and HUFs not having income from business or profession. Suitable for people with capital gains, more than one house property, or foreign income/assets.
🧾 ITR-3
For individuals or HUFs having income from business or profession, including freelancers, consultants, and those having presumptive income under section 44ADA but not opting for ITR-4.
🧾 ITR-4 (Sugam)
Applicable to individuals/HUFs/Firms (other than LLP) having presumptive business/profession income under sections 44AD, 44ADA, or 44AE, with total income up to ₹50 lakh.
📩 Income Tax Return Acknowledgment (ITR-V)
Once your return is filed successfully, an ITR-V (Acknowledgment) is generated by the Income Tax Department. This document is important and should be stored for at least 6 years.
- The ITR-V contains your name, PAN, assessment year, filing date, income details, tax paid, and refund/dues.
- It confirms that your return is submitted and under processing.
- If not e-verified, you must physically sign and send the ITR-V to CPC Bengaluru within 30 days.
- You can also e-verify using Aadhaar OTP, bank account login, NetBanking, or demat account.
💡 Kuber Consultancy Services ensures your return is filed and e-verified instantly to avoid delays in processing or refunds.
| 📞 Why Choose Kuber Consultancy Services for ITR Filing
✅ Experienced Chartered Accountants (CAs)
✅ Safe & Confidential Document Handling
✅ Support for Salaried, Freelancers, NRIs, and Senior Citizens
✅ Transparent Pricing – No Hidden Charges
✅ PAN India Online Service – Just WhatsApp or Email
✅ Free Support for Refund Tracking & Notices |
🗓️ Due Dates for Filing IT Return (FY 2024-25 | AY 2025-26)
Keeping track of deadlines is crucial. Filing late can lead to penalties, interest, and even loss of refund claims
| Category |
Due Date (AY 2025-26) |
| Individuals / Salaried (Non-Audit) |
🗓️ 31st July 2025 |
| Individuals / Professionals (Audit Cases) |
🗓️ 31st October 2025 |
| Belated or Revised Return |
🗓️ 31st December 2025 |
📌 If the return is not filed by 31st July 2025:
You may be liable for a late fee under Section 234F (up to ₹5,000).
Interest under Section 234A on unpaid tax is also applicable.
Let Kuber Consultancy Services help you file on time without stress!
Process
🔧 Income Tax Return Filing Process at Kuber Consultancy Services
At Kuber Consultancy Services, we follow a professional, secure, and client-friendly process for ITR filing, suitable for salaried individuals, freelancers, business owners, students, and senior citizens across India.
🧑💼 Step 1: Free Consultation & Tax Profiling
Book a free consultation through our website or WhatsApp.
Our tax experts assess your income sources, deductions, investments, and financial goals.
We help determine the appropriate ITR form and choose the correct tax regime (old vs. new).
📁 Step 2: Document Collection & Review
Upload documents securely via client portal or email.
We verify and match your documents with:
- Form 26AS
- Annual Information Statement (AIS)
- TDS certificates and income proofs
This step ensures accuracy and prevents future tax notices.
📊 Step 3: Income Computation & Tax Calculation
We compute:
Gross Total Income
Deductions under Chapter VI-A (like 80C, 80D, etc.)
Final tax liability or refund position
Provide suggestions for last-minute tax-saving investments (if allowed).
🧾 Step 4: Draft ITR Preparation & Client Approval
A draft ITR is prepared and shared with you for review.
You can request corrections or clarifications before final submission.
📤 Step 5: Filing & E-Verification
Once approved, we e-file your ITR via https://www.incometax.gov.in.
We assist with e-verification using Aadhaar OTP, EVC, or DSC.
You receive your ITR-V Acknowledgment and final tax computation copy.
📨 Step 6: Post-Filing Support & Refund Tracking
We monitor the refund status on your behalf.
Provide free support for any income tax notices or rectification requests within the same financial year.
Offer tax planning advice for the next year.
🛠️ Additional Support Options:
✅ Priority Filing – For last-minute submissions and urgent cases.
🎓 Lite Plans – Affordable packages for students, pensioners, and senior citizens with fixed income.
🔒 All data is handled with strict confidentiality and end-to-end encryption.
Documents Required
📋 Checklist & Documents Required for Filing Income Tax Return
(For Financial Year 2024-25 | Assessment Year 2025-26)
To ensure accurate and hassle-free income tax filing, it’s essential to gather the right documents. Below is a comprehensive checklist that helps individuals—whether salaried, professionals, or freelancers—prepare thoroughly before filing their return with Kuber Consultancy Services.
🆔 PAN Card & Aadhaar Card
Your PAN (Permanent Account Number) and Aadhaar are mandatory for income tax return filing. As per the latest Income Tax Department norms, your Aadhaar must be linked with PAN; otherwise, your return will be marked invalid or may even get rejected. These identity proofs also help track your tax credit (via Form 26AS) and verify your e-filing. Ensure the details (Name, DOB, etc.) match in both documents to avoid technical errors during submission. At Kuber, we help validate these before filing to prevent rejection.
📄 Form 16 (for Salaried Individuals)
Form 16 is your TDS Certificate issued by your employer, summarizing your total salary, tax deductions (under sections like 80C, 80D, etc.), and TDS paid. It forms the base document for salaried individuals to file their ITR. Ensure you receive both Part A (TDS details) and Part B (salary breakdown). The figures must match with Form 26AS and AIS. At Kuber, we cross-verify all three to ensure perfect alignment and avoid mismatches or tax notices.
🏦 Bank Account Details & Statements
Details of all your active bank accounts (with IFSC codes) are required to process refunds. You must also declare interest earned from savings, fixed deposits (FDs), recurring deposits (RDs), and sweep-in accounts. This is often auto-populated through AIS but must be verified. Bank statements are essential for freelancers/businesses to match income inflow. Kuber helps categorize and reconcile these for accurate income reporting and deduction claims.
💰 Investment Proofs & 80C/80D/80G Declarations
To claim deductions under various sections like 80C, 80D, and 80G, you need proper proofs of investments such as LIC Premiums, ELSS, PPF, NSC, NPS, EPF, school tuition fees, home loan principal, and health insurance premiums. Donation receipts for section 80G deductions should have PAN of the donee. Keep all proofs in PDF format. At Kuber, we ensure every eligible deduction is claimed so your tax liability is minimized efficiently.
🧾 Rent Receipts & Loan Statements (HRA & Home Loan)
If you’re claiming HRA (House Rent Allowance) or Home Loan deductions, rent receipts and interest certificates from banks/NBFCs are crucial. For HRA, PAN of the landlord is needed if rent exceeds ₹1 lakh annually. Home loan interest is deductible u/s 24(b) and principal under 80C. These documents not only help save tax but also substantiate your claims in case of scrutiny. Kuber ensures structured presentation of these in your ITR.
📊 Capital Gains Statements (Equity, Crypto, Property, etc.)
If you’ve sold any mutual funds, shares, cryptocurrency, or real estate, you must report capital gains or losses. Brokers like Zerodha, Groww, CAMS, KFintech offer downloadable statements with gain/loss summary. For real estate, maintain sale deed, purchase deed, cost of improvements, and TDS deducted (if applicable). At Kuber, we handle Long-Term and Short-Term Capital Gains (LTCG/STCG) meticulously and apply indexation wherever applicable to reduce taxable gains.
📈 Business/Professional Income Details
For professionals, freelancers, consultants, or small business owners filing ITR-3 or ITR-4, accurate records of income, expenses, GST returns, invoices, and TDS (if applicable) are crucial. Prepare a detailed Profit & Loss Statement, maintain expense vouchers, and ensure that bank inflows match income declarations. Kuber Consultancy offers guidance to ensure that your income is correctly declared while maximizing legitimate deductions under Section 44ADA (presumptive taxation) if applicable.
💼 Other Sources of Income
Declare all additional income, including interest income, dividend income, gifts received, lottery winnings, pension, agricultural income, and income from foreign sources or investments. Even if exempt under Income Tax Act, reporting them is compulsory for full disclosure. Kuber ensures that nothing is missed in your AIS and TIS comparison, reducing chances of notices or reassessment from the IT Department.
📄 Form 26AS & AIS (Annual Information Statement)
Form 26AS reflects TDS/TCS deducted, advance tax paid, and refund status, while AIS shows interest income, SFT transactions, dividend income, share trades, etc. These are downloadable from the Income Tax portal. AIS/TIS is now mandatory for accurate reporting. Kuber cross-verifies your Form 26AS and AIS line-by-line to ensure your income reported matches the government database, which helps you avoid demand notices and errors.
🗂️ Rental Agreements / Loan Interest Certificates
Rental agreements serve as proof for HRA claim, and loan interest certificates from banks or NBFCs are needed for housing loan deductions. These documents should mention PAN, address, and the loan tenure. Also include joint owner details if applicable. Kuber ensures your HRA claims are structured properly with correct documentation, especially when you stay in a city different from your hometown and also have a home loan.
🧠 Smart Tip: Maintain Digital Copies of All Documents
Before sharing documents with Kuber Consultancy Services, rename and organize all files (e.g., PAN.pdf, Form16_SBI_2024.pdf, Rent_Receipts_Mumbai.pdf). This will save time during filing and help in quick identification in case of future reference. We recommend uploading to a secure shared folder or our portal in PDF or Excel format only. Kuber ensures your data is protected with bank-level security standards.
💼 With Kuber Consultancy Services, your documents are thoroughly reviewed, cross-matched, and filed by experienced professionals to ensure error-free submission and maximum refund eligibility. We also help you respond to any post-filing IT notices or clarifications with proper support documentation.
Additional Services
Additional Services:
MSME Registration – MSME-Boost Plan
At Kuber Consultancy Services, we simplify the MSME registration process with expert guidance and end-to-end support. Our services include:
· Document Assistance: Ensuring all required documents are accurate and ready.
· Seamless Registration: Quick and hassle-free filing on the Udyam Registration Portal.
· Expert Guidance: Step-by-step support from experienced professionals.
· Personalized Service: Tailored solutions based on your business needs.
· Post-Registration Support: Assistance in accessing MSME benefits and resolving queries.
With our expertise, you can focus on growing your business while we handle the formalities!
Visit: https://kuberconsultancyservices.com/product/msme-registration-msme-boost/ for more details
Sole Proprietorship – Registration / Incorporation - Essential/Starter Plan
Great for kick-starting company registration
Services Includes:
- Dedicated Business Manager
- GST or MSME Registration (Any One)
Disclaimer: Registration Duration is based on the duration taken by the Department
Visit:https://kuberconsultancyservices.com/product/sole-proprietorship-registration-incorporation/ for more details
Sole Proprietorship – Registration / Incorporation - Enterprise Plan
Well-suited for registration and tax submissions
Services Includes:
• Dedicated Business Manager
• GST Registration
• MSME UDYAM Registration
• GST Filing for 1st Financial Year (upto 400 transactions*)
Disclaimer:
• Registration Duration is based on the duration taken by the Department
• For Number of Transactions, we allocate Coins in your dashboard & 1 Coin will be for each transaction (Ex: 1 Coin = 1 Transaction)
Visit:https://kuberconsultancyservices.com/product/sole-proprietorship-registration-incorporation/ for more details
Sole Proprietorship – Registration / Incorporation - Professional Plan
Tailored for registration and thorough tax filings assistance
Services Includes:
• Dedicated Business Manager
• GST Registration
• MSME UDYAM Registration
• GST Filing for 1st Financial Year (upto 400 transactions*)
• Income Tax Filings for 1st Financial Year
Disclaimer:
• Registration Duration is based on the duration taken by the Department
• For Number of Transactions, we allocate Coins in your dashboard & 1 Coin will be for each transaction (Ex: 1 Coin = 1 Transaction)
Visit:https://kuberconsultancyservices.com/product/sole-proprietorship-registration-incorporation/ for more details
Trademark Registration:
Well-suited for Trademark Registration for Individual, Sole Proprietorship, Startup and MSME Holders
Services Includes:
- Dedicated Business Manager
- Trademark Consultation
- Trademark Search and Analysis
- Application Drafting and Filing
- Response to Objections
- Opposition Handling
- Post-Registration Support
Disclaimer:
Registration Duration is based on the duration taken by the Department
Visit: https://kuberconsultancyservices.com/product/trademark-registration/ for more details
Disclaimer
📌 Service Disclaimers for Income Tax Filing Services
📄 Advisory Nature of Service
Kuber Consultancy Services provides income tax return filing services based on the information and documents shared by the client. We do not assume responsibility for any incorrect or incomplete disclosures made by the client.
🕒 Timeline for Processing
While we aim to file your return within 2–4 working days of receiving complete documents, actual timelines may vary based on complexity, volume of cases during peak seasons, and client responsiveness.
📤 Client Responsibility
It is the sole responsibility of the client to provide accurate, complete, and timely information and documentation. Any misreporting or concealment of income may attract penalties under the Income Tax Act, 1961.
🔐 Data Privacy & Security
All information shared with Kuber Consultancy Services is kept confidential and used solely for the purpose of income tax filing. We use industry-standard practices to maintain data security but are not liable for breaches beyond our control.
🧾 Income Tax Department Notices
Kuber Consultancy Services offers free assistance for notices related to ITR filed by us within the same assessment year. However, support for past year returns or departmental scrutiny, assessments, or appeals may attract additional fees.
📅 Filing Deadlines
Kuber Consultancy Services shall not be liable for missed deadlines or penalties arising due to delays in sharing required information/documents from the client’s side.
⚖️ Legal Limitation
Our service does not constitute legal or financial advice. For complex cases involving litigation, past non-filing, international income, or black money act matters, clients should consult a legal or tax litigation expert.
🧾 Refund Timeline
While we assist in refund tracking, the processing time of income tax refunds is determined by the Income Tax Department and may vary. We have no control over delays from the government’s end.
🛠️ IT Portal Technical Glitches
In the event of technical errors, outages, or unavailability of the Income Tax e-filing portal, service may be delayed. Kuber Consultancy is not responsible for such external interruptions.
💳 Payment Terms
All service charges are to be paid in advance before final filing unless otherwise mutually agreed. Fees once paid are non-refundable, except in cases of proven service failure.
🔁 Filing Corrections
Any corrections or revisions after return filing will be treated as a separate engagement and may be chargeable unless the error occurred from our side.
📌 Limited Scope in Basic Packages
Lite or basic packages do not include post-filing consultation, refund follow-up, or income tax notice handling unless specifically mentioned.
🏷️ Pricing Disclaimer
Prices mentioned are indicative and may vary based on individual income structure, documentation level, complexity, and government policy changes
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