Income Tax Returns
Simplify your tax filing with our expert Income Tax Return services at Singha Tax Consultant.
Income Tax Returns (ITR) Filing
An Income Tax Return (ITR) is a statutory form filed by taxpayers in India to declare their total income, tax liabilities, deductions, and taxes paid to the Income Tax Department for a specific financial year.
The Income Tax Department has prescribed seven types of ITR forms, applicable based on the nature and source of income
Income under the Income Tax Act is broadly classified under five major heads, namely:
1. Income from Salary
2. Income from House Property
3. Income from Capital Gains
4. Income from Business or Profession
5. Income from Other Sources (such as interest income, dividends, lottery winnings, etc.)
“Stay Compliant. Stay Confident.”
Filing your ITR and TDS on time isn’t just a legal formality — it’s a smart financial habit. It builds your creditworthiness, secures refunds, prevents penalties, and strengthens your financial credibility for future growth.
“Compliance today, confidence tomorrow.”
TYPES OF ITR
Returns & Forms Applicable Individual / HUF / Firms / LLP / Companies / Trust
ITR-1 (Sahaj)
For salaried individuals with income up to ₹50 lakhs from salary, one house property, or other sources.
ITR-2
For individuals and HUFs with income from multiple house properties, capital gains, or foreign assets.
ITR-3
For individuals or HUFs earning income from business or profession (proprietorship or consultancy).
ITR-4 (Sugam)
For presumptive income taxpayers under Sections 44AD, 44ADA, or 44AE with income up to ₹50 lakhs.
ITR-5
For firms, LLPs, AOPs, BOIs, and cooperative societies not filing under ITR-7.
ITR-6
For companies other than those claiming exemption under Section 11 (charitable or religious trusts).
ITR-7
For persons, including trusts, companies, and institutions required to file under Sections 139(4A) to 139(4F).
Documents Required for ITR Filing
| Basic | Business | House Property | Capital/Mutual Funds |
|---|---|---|---|
| Adhaar Card | Adhaar Card | Adhaar Card | Adhaar Card |
| Pan Card | Pan Card | Pan Card | Pan Card |
| Bank Statement | Bank Statement | Bank Statement | Bank Statement |
| Form 16/ Form 16B | Rental Income Detail | Sale of immovable property | |
| Tenant Details such as Name , Pan / Adhaar | Sale of equity shares, mutual funds or virtual digital assets (Statement if any | ||
| Interest Certificate (If have any Home Loan ) | Full address of the property | ||
| Municipal Tax Receipts (If Property Tax Paid ) | Supporting documents when claiming exemption under section 54 or 54EC | ||
| Details of the buyer like PAN and Aadhaar card. |
