Kanoons

Income Tax Returns
  • Salaried employees (Form 16 holders)

  • Freelancers/consultants

  • Rental income earners

  • Capital gains recipients

  • Companies (ITR-6)

  • Partnerships (ITR-5)

  • Trusts (ITR-7)

  • Political parties (ITR-7B)

Terms & Conditions

  1. Filing Obligation:

    • Filing is mandatory based on income levels and criteria prescribed under the Income Tax Act, 1961.

    • Clients must provide correct and complete information for filing.

  2. Document Submission:

    • Incomplete or incorrect documents may delay filing or cause rejections.

  3. Processing Time & Government Delays:

    • Estimated filing time is 3–7 working days after complete document submission.

    • Refund or processing delays by the Income Tax Department are not under Kanoons’ control.

  4. Penalty & Late Filing:

    • Clients are responsible for penalties if they delay providing documents or information.

  5. Offer & Pricing Policy:

    • Pricing excludes any late filing fee, interest, or penalties payable to the government.

    • Kanoons reserves the right to update service pricing without notice.

  6. Refund Policy:

    • Once filing is initiated, no refund is applicable.

    • In case of service cancellation before filing, only a partial refund may be considered after deducting service charges.

  7. Legal Disclaimer:

    • Kanoons acts as a facilitator for tax filing and compliance.

    • We do not guarantee refunds or exemptions unless sanctioned by authorities.

📌 Kanoons ensures 100% legal compliance, professional handling, and complete peace of mind for your Income Tax Returns.


Income Tax Returns

Seamless, Accurate, and Compliant ITR Filing with Kanoons – Your Trusted Tax Partner.

Income Tax Return (ITR) Filing is a mandatory process for individuals, businesses, and entities earning income in India, to report their total income, deductions, and taxes paid to the Income Tax Department.
As per the Income Tax Act, 1961, taxpayers must file appropriate ITR forms annually, even if their income is below the taxable limit (in some cases), it applies to:

✔ Individuals with income > ₹2.5L
✔ Companies/LLPs regardless of profit
✔ NRIs with Indian-sourced income
✔ Those claiming tax refunds

At Kanoons, our CAs provide end-to-end ITR filing with:

    • Form-specific expertise
    • Tax optimization strategies
    • E-filing portal assistance

At Kanoons, we ensure that your returns are filed accurately, in compliance with all latest laws and guidelines, minimizing chances of scrutiny, penalties, and refunds delays.

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Why Choose ITR Filings? (Advantages & Disadvantages)

Advantages:

  • Legal Compliance with Indian Tax Laws
  • Accurate Computation Reducing Audit Risks
  • Timely Refund Processing
  • Avoidance of Late Filing Penalties
  • Tax Saving Advice Tailored to You
  • Complete Online Process

 

Disadvantages:

  • Non-filing or wrong filing can attract heavy penalties
  • Complexity in cases involving multiple incomes or foreign income
  • Annual compliance burden for businesses and firms

 

Who Should File an Income Tax Returns?

Individuals

  • Salaried employees (Form 16 holders)
  • Freelancers/consultants
  • Rental income earners
  • Capital gains recipients

Entities

  • Companies (ITR-6)
  • Partnerships (ITR-5)
  • Trusts (ITR-7)
  • Political parties (ITR-7B)

.

Documents Required for Income Tax Returns Filing

For Salaried Individuals

  • Form 16
  • Rent receipts (if HRA claimed)
  • Insurance premium receipts

For Businesses

  • P&L statements
  • Balance sheets
  • Tax audit reports (if applicable)

 

Income Tax Returns Filing Process (Step-by-Step)

  1. Document Collection

    • Form 16/26AS/AIS
    • Bank statements
    • Investment proofs
  1. Income Classification

    • Salary/House Property/Business
    • Capital Gains/Other Sources
  1. Deduction Optimization

    • 80C/80D/24(b) claims
    • Loss carry-forward analysis
  1. Form Selection

    FormApplicability
    ITR-1Salaried (₹50L income)
    ITR-2Capital gains/NRIs
    ITR-3Business income
    ITR-4Presumptive taxation
  2. E-filing & Verification

    • Digital Signature (DSC) application
    • EVC generation
  1. Acknowledgment & Tracking

    • ITR-V receipt
    • CPC processing status


Kanoons ensures a hassle-free, 100% online ITR Filing process!

What’s Included in Our ITR Filing Package?

  1. ITR Preparation and Filing (any form)
  2. Tax Computation Sheet
  3. E-verification Assistance
  4. Refund Tracking
  5. Tax Advisory Session (basic)
  6. Notice Assistance (initial response)
Post-Filing Compliances for ITR

✔ Rectification of Defective Returns (if notice received under Sec 139(9))
✔ Responding to Scrutiny Notices (under Sec 143(2))
✔ Refund Re-issue Requests (if refund failed)
✔ Revised Return Filing (under Sec 139(5))
✔ Filing Updated Return (under Sec 139(8A)) within two years, if income left to report.
✔ Tax Audit (if applicable): Filing Form 3CA-3CD or 3CB-3CD for businesses exceeding prescribed turnover limits.

Why Kanoons?

🌟 Choosing the correct ITR Form based on your profile
🌟 Maximum deductions claimed under Sections 80C, 80D, 80G, etc.
🌟 Assistance for businesses under Presumptive Tax (Sec 44AD/44ADA/44AE)
🌟 Filing updated returns (Sec 139(8A)) and revised returns
🌟 Handling tax notices and assessments
🌟 Personalized Tax Planning Advice for next year

Contact us
Failure to meet ITR Filing obligations can result in severe consequences:
  • Late Filing Penalty: ₹1,000 to ₹5,000 under Section 234F.
  • Interest on Late Tax Payment: 1% per month under Sections 234A, 234B, and 234C.
  • Notice and Scrutiny: Risk of notices under Sections 143(2), 148, etc.
  • Prosecution Risk: For willful tax evasion above ₹25 lakh (can lead to imprisonment).
  • Loss of Refunds: Delay or disallowance of refund claims.
  • Blacklisting under Compliance Rating: For corporates and firms.

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FAQ

Income Tax Return's Frequently Asked Question 

Who needs to file an Income Tax Return?

Any individual earning above ₹2.5 lakh (₹3 lakh for seniors) annually must file an ITR. Also mandatory for companies, LLPs, and firms.

Which ITR form should I choose?

Depends on your income source: ITR-1 for salaried, ITR-3 for business, ITR-5 for LLPs, ITR-6 for companies, ITR-7 for trusts.

What happens if I miss the due date?

You can still file a belated return with penalties, but refunds may get delayed, and certain losses cannot be carried forward.

Can I revise a filed ITR?

Yes, you can revise an ITR under Section 139(5) before the end of the relevant assessment year or filing an updated return under Section 139(8A).

How long does it take to get an income tax refund?

Usually within 7–45 days post-filing and e-verification, but depends on the processing by CPC.

Is Aadhaar mandatory for ITR filing?

Yes, Aadhaar linking with PAN is compulsory for filing your ITR.

Get Started Today!

File Your Income Tax Returns Now & Get Legal Compliance Support!

Limited-Time Offer

Get Your ITR Filed at ₹999!

Take the first step towards building a legally recognized and protected business. With Kanoons, experience a hassle-free, fully online ITR Filing backed by expert legal and compliance support.

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