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ITR-1 Return

ITR-1 (Sahaj) Filing Services File your ITR-1 (Sahaj) accurately and on time with the assistance of experienced tax professionals. At TaxCrafted Solutions, we provide reliable ITR-1 Filing Services in Delhi for salaried employees, pensioners, and eligible resident individuals. Our experts ensure error-free filing, maximum eligible tax savings, and complete compliance with Income Tax Department guidelines. FILE ITR NOW LEARN MORE What is ITR-1 (Sahaj)? ITR-1 (Sahaj) is the simplest Income Tax Return form prescribed by the Income Tax Department for eligible resident individuals. It is suitable for taxpayers whose total annual income does not exceed ₹50 Lakhs and whose income is derived from salary or pension, one house property, other sources such as bank interest, and agricultural income up to ₹5,000. Although the form is simple, incorrect reporting of income, deductions, or tax credits can result in defective returns, delayed refunds, or Income Tax notices. At TaxCrafted Solutions, we ensure your ITR-1 is prepared accurately, filed on time, and fully compliant with the latest tax regulations. Who Can File ITR-1 (Sahaj)? Resident Individuals only. Total Income up to ₹50 Lakhs Income from Salary or Pension Income from One House Property Income from Other Sources (Interest, Family Pension, etc.) Agricultural Income up to ₹5,000 Who Cannot File ITR-1? Directors in a Company Investors Holding Unlisted Equity Shares Individuals Having Business or Professional Income Individuals Earning Capital Gains Individuals Having Foreign Assets or Foreign Income Persons with Agricultural Income exceeding ₹5,000 Individuals with Total Income above ₹50 Lakhs Documents Required Keep these documents ready for smooth ITR filing. Personal Documents PAN Card Aadhaar Card Bank Account Details Mobile Number & Email ID Income Documents Form 16 (Issued by Employer) Salary Slips (if required) Bank Statements Interest Certificates Form 26AS AIS (Annual Information Statement) TIS (Taxpayer Information Summary) Investment & Deduction Proofs LIC Premium Receipts PPF Contribution Details ELSS Investments Health Insurance Premium (Section 80D) Home Loan Interest Certificate Donation Receipts (80G) Other Eligible Tax Saving Investments File Your ITR Today Avoid last-minute stress, penalties, and filing errors. Let our tax professionals handle your ITR-1 (Sahaj) Filing with complete accuracy and compliance. Get Expert Advice Frequently Asked Questions Common queries about ITR-1 (Sahaj) Filing. Who is eligible to file ITR-1 (Sahaj)? ITR-1 (Sahaj) can be filed by Resident Individuals whose total annual income is up to ₹50 Lakhs. Eligible income sources include salary or pension, one house property, other sources such as bank interest, and agricultural income up to ₹5,000. Individuals having business income, capital gains, or foreign assets cannot use ITR-1. Can I file ITR-1 if I have Capital Gains? No. If you have earned any capital gains from the sale of shares, mutual funds, property, or other capital assets, or if you hold unlisted equity shares, you are not eligible to file ITR-1. In such cases, you must file the appropriate Income Tax Return form, such as ITR-2, depending on your income. Is linking Aadhaar with PAN mandatory for filing? Yes. Linking your Aadhaar Card with your PAN is mandatory for filing your Income Tax Return. An inoperative PAN may result in difficulties while filing your return, claiming refunds, or completing other tax-related transactions. What is the difference between the Old Tax Regime and the New Tax Regime? The Old Tax Regime allows taxpayers to claim deductions and exemptions such as Section 80C, Section 80D, HRA, LTA, and home loan benefits. The New Tax Regime offers lower tax rates but permits only limited deductions and exemptions. Choosing the right regime depends on your income, investments, and tax-saving eligibility. What documents are required to file ITR-1? The essential documents include your PAN Card, Aadhaar Card, Form 16, Form 26AS, AIS/TIS, bank statements, interest certificates, and investment proofs for claiming deductions. Keeping these documents ready helps ensure accurate filing and faster processing of your Income Tax Return. ITR-1 (Sahaj) can be filed by Resident Individuals whose total annual income is up to ₹50 Lakhs. Eligible income sources include salary or pension, one house property, other sources such as bank interest, and agricultural income up to ₹5,000. Individuals having business income, capital gains, or foreign assets cannot use ITR-1. No. If you have earned any capital gains from the sale of shares, mutual funds, property, or other capital assets, or if you hold unlisted equity shares, you are not eligible to file ITR-1. In such cases, you must file the appropriate Income Tax Return form, such as ITR-2, depending on your income. Yes. Linking your Aadhaar Card with your PAN is mandatory for filing your Income Tax Return. An inoperative PAN may result in difficulties while filing your return, claiming refunds, or completing other tax-related transactions. The Old Tax Regime allows taxpayers to claim deductions and exemptions such as Section 80C, Section 80D, HRA, LTA, and home loan benefits. The New Tax Regime offers lower tax rates but permits only limited deductions and exemptions. Choosing the right regime depends on your income, investments, and tax-saving eligibility. The essential documents include your PAN Card, Aadhaar Card, Form 16, Form 26AS, AIS/TIS, bank statements, interest certificates, and investment proofs for claiming deductions. Keeping these documents ready helps ensure accurate filing and faster processing of your Income Tax Return.

GST Return

GST Return Filing Services in Delhi Accurate & Timely GST Return Filing for Complete Business Compliance   Stay fully compliant with GST regulations through professional GST Return Filing services. Our experts ensure accurate preparation, timely filing, maximum Input Tax Credit (ITC), and complete GST compliance so your business can operate without interruptions or penalties. File GST Now LEARN MORE What is GST Return Filing? GST Return Filing is a mandatory compliance requirement for every business registered under the Goods and Services Tax (GST) Act in India. It involves reporting details of sales, purchases, tax collected, Input Tax Credit (ITC), and tax payable to the GST Department within the prescribed due dates. Regular and accurate GST Return Filing helps businesses maintain legal compliance, avoid late fees and penalties, claim eligible Input Tax Credit, and build a strong compliance record. At TaxCrafted Solutions, we provide end-to-end GST Return Filing services including monthly, quarterly, annual, and Nil GST Returns. Our professionals ensure accurate return preparation, reconciliation, and timely filing to keep your business fully GST compliant. Our GST Return Filing Services GST Registration Assistance GSTR-1 Return Filing GSTR-3B Return Filing GSTR-9 Annual Return Filing GSTR-9C Reconciliation & Support Nil GST Return Filing GST Reconciliation Services GST Notice & Assessment Support GST Amendment & Correction Assistance Why Choose TaxCrafted Solutions? Experienced GST Consultants Accurate & Error-Free Return Filing Timely Filing Before Due Dates Maximum Eligible Input Tax Credit (ITC) Complete GST Compliance Support GST Notice Resolution Assistance Affordable & Transparent Pricing Dedicated Professional Assistance Why Timely GST Return Filing is Important Timely GST compliance helps your business avoid penalties, maintain smooth operations, and improve financial credibility. Legal Compliance Every GST-registered business is required to file applicable GST returns within the prescribed due dates, including Nil Returns where applicable. Maximize Input Tax Credit (ITC) Accurate and timely GST Return Filing ensures that eligible Input Tax Credit is available to your business and your customers without unnecessary disputes or delays. Avoid Interest & Penalties Delayed filing can attract late fees, interest, notices, cancellation of GST registration, and disruption of business operations. Filing on time helps you stay fully compliant. Simplify Your GST Compliance Today Leave your GST Return Filing to experienced professionals. We ensure accurate preparation, timely filing, and complete compliance while you focus on growing your business. Get Expert Advice Frequently Asked Questions Everything you need to know about GST Return Filing. Which GST returns are commonly required to be filed? The applicable GST returns depend on the type of taxpayer and registration category. Most regular taxpayers are generally required to file GSTR-1 (details of outward supplies) and GSTR-3B (summary return). Businesses may also be required to file GSTR-9 (Annual Return) and other applicable returns based on their registration and turnover. What are the due dates for GSTR-1 and GSTR-3B? The due dates for GST returns vary depending on the taxpayer category, turnover, and applicable filing scheme such as the QRMP Scheme. Our experts monitor the latest GST compliance calendar and ensure all returns are filed within the prescribed deadlines. Is it mandatory to file GST returns if there are no business transactions? Yes. If your GST registration is active, you are generally required to file a Nil GST Return even if there are no sales, purchases, or tax liability during the relevant tax period. Failure to file Nil Returns may result in late fees and penalties. What is GSTR-9? GSTR-9 is the annual return that consolidates the details of all GST returns filed during the financial year. Eligible registered taxpayers are required to file GSTR-9 as per the provisions of the GST Act and applicable turnover criteria. Can a GST return be revised after filing? GST returns cannot generally be revised after submission. However, certain errors or omissions may be corrected in subsequent GST returns as permitted under the GST law. Our experts help identify and rectify such errors through the appropriate compliance process. What documents are required for GST Return Filing? Generally, the following documents and information are required: Sales Invoices Purchase Invoices GSTIN Details Input Tax Credit Records Bank Statements E-Way Bill Details (where applicable) Debit & Credit Notes Previous GST Returns What happens if GST returns are filed late? Late filing may result in late fees, interest on outstanding tax liability, blockage of Input Tax Credit, GST notices, cancellation of GST registration in certain cases, and additional compliance issues. Timely filing helps avoid these consequences. Can TaxCrafted Solutions help with GST notices? Yes. We provide professional assistance for GST notices, scrutiny, reconciliation, tax demand notices, compliance queries, and communication with the GST Department to help resolve issues efficiently. Why is GST reconciliation important? GST reconciliation helps identify mismatches between sales records, purchase records, GSTR-1, GSTR-3B, GSTR-2B, and books of accounts. Proper reconciliation minimizes tax disputes, ensures accurate Input Tax Credit claims, and improves overall GST compliance. Why choose TaxCrafted Solutions for GST Return Filing? TaxCrafted Solutions provides complete GST compliance services including GST registration, monthly and annual return filing, reconciliation, Input Tax Credit verification, GST notice handling, and ongoing compliance support. Our experienced professionals ensure accurate, timely, and hassle-free GST Return Filing for businesses of all sizes. The applicable GST returns depend on the type of taxpayer and registration category. Most regular taxpayers are generally required to file GSTR-1 (details of outward supplies) and GSTR-3B (summary return). Businesses may also be required to file GSTR-9 (Annual Return) and other applicable returns based on their registration and turnover. The due dates for GST returns vary depending on the taxpayer category, turnover, and applicable filing scheme such as the QRMP Scheme. Our experts monitor the latest GST compliance calendar and ensure all returns are filed within the prescribed deadlines. Yes. If your GST registration is active, you are generally required to file a Nil GST Return even if there are no sales, purchases, or tax liability during the relevant tax period. Failure to file Nil Returns may result in late fees and penalties. GSTR-9 is the annual return that consolidates the details … Read more

Business Loan

Business Loan Services in Delhi Get the Right Business Loan to Grow Your Business with Expert Assistance   Expand your business with customized financing solutions. Whether you need working capital, machinery finance, business expansion funds, or an unsecured business loan, our experts help you secure the best loan with minimal documentation and faster approvals. APPLY NOW LEARN MORE What is a Business Loan? A Business Loan is a financial solution designed to help entrepreneurs, startups, MSMEs, and established businesses meet their funding requirements. Whether you’re planning to expand operations, purchase equipment, increase working capital, manage cash flow, or invest in infrastructure, a business loan provides the financial support needed for sustainable growth. At TaxCrafted Solutions, we assist businesses in obtaining secured and unsecured business loans from leading banks and NBFCs. Our experts evaluate your financial profile, recommend the most suitable lenders, prepare your application, and guide you until the loan is successfully disbursed. Why Do Businesses Need a Business Loan? Working Capital Requirements Business Expansion & Branch Setup Purchase of Machinery & Equipment Inventory & Stock Management Infrastructure Development Office Renovation & Interior Setup Technology & Digital Transformation Marketing & Business Growth Startup Funding Requirements Features of Our Business Loan Services Flexible Loan Amounts Competitive Interest Rates Secured & Unsecured Loan Options Minimal Documentation Quick Processing & Faster Approval Flexible EMI & Repayment Options Loans for Startups, MSMEs & Established Businesses Expert End-to-End Assistance Complete Business Loan Assistance From eligibility assessment to loan disbursal, our experts manage the complete process, ensuring a smooth and hassle-free borrowing experience. Assessment & Loan Guidance Business Financial Analysis Credit Score Evaluation Loan Requirement Assessment Best Bank & NBFC Selection Loan Eligibility Check Documentation Support Business Loan Application Preparation Financial Statement Review Profit & Loss & Balance Sheet Analysis Income Tax Return (ITR) Assistance GST Return Verification KYC & Business Document Preparation Bank Statement Review Loan Processing & Support Loan Application Submission Interest Rate Negotiation Loan Offer Comparison Application Status Tracking Loan Approval Assistance Loan Disbursal Support Post-Loan Financial Guidance Empower Your Business Today Secure the funds your business needs with expert loan assistance from TaxCrafted Solutions. We simplify the entire loan process—from application to approval—so you can focus on growing your business. Get Expert Advice Frequently Asked Questions Everything you need to know about Business Loans. Do I need to provide collateral for a Business Loan? Not always. Many banks and NBFCs offer unsecured business loans that do not require collateral. However, for higher loan amounts or lower interest rates, lenders may offer secured loans against property, fixed deposits, or other eligible assets. What are the eligibility criteria for a Business Loan? Eligibility generally depends on factors such as the age of the business, annual turnover, profitability, credit score, banking history, and repayment capacity. Different lenders may have different eligibility requirements What documents are required to apply for a Business Loan? Generally, lenders require: Aadhaar Card & PAN Card Business Registration Proof GST Registration (if applicable) Income Tax Returns Bank Statements Profit & Loss Account Balance Sheet Address Proof Business Financial Documents Additional documents may be required depending on the lender and loan amount. How long does Business Loan approval take? The approval timeline depends on the lender and document verification. In most cases, eligible applicants receive approval within 2 to 7 working days, while loan disbursal may take slightly longer based on the lender’s internal process. Can I repay my Business Loan before the tenure ends? Yes. Most lenders allow part-prepayment or foreclosure of business loans. However, some banks or NBFCs may charge prepayment or foreclosure fees depending on the loan agreement. Can a new business or startup apply for a Business Loan? Yes. Many financial institutions provide startup business loans and MSME financing to eligible businesses. The approval depends on factors such as the business model, promoter profile, projected revenue, and creditworthiness. What is the maximum Business Loan amount I can get? The loan amount varies depending on your business turnover, profitability, repayment capacity, credit profile, and lender policies. Eligible businesses can obtain loans ranging from a few lakhs to several crores. What is the interest rate on a Business Loan? Business loan interest rates vary depending on the lender, applicant’s credit score, business financials, loan amount, and repayment tenure. Our experts help you compare multiple lenders to secure the most competitive interest rate. Can I get a Business Loan with a low CIBIL score? A good CIBIL score improves your chances of approval and better interest rates. However, some lenders may still provide business loans based on business turnover, collateral, banking history, or other financial factors. Why choose TaxCrafted Solutions for Business Loans? TaxCrafted Solutions provides complete business loan assistance, including eligibility assessment, lender comparison, documentation support, application filing, negotiation, approval tracking, and post-disbursal guidance. Our goal is to help businesses obtain the right financing with minimum hassle and maximum approval chances. Not always. Many banks and NBFCs offer unsecured business loans that do not require collateral. However, for higher loan amounts or lower interest rates, lenders may offer secured loans against property, fixed deposits, or other eligible assets. Eligibility generally depends on factors such as the age of the business, annual turnover, profitability, credit score, banking history, and repayment capacity. Different lenders may have different eligibility requirements Generally, lenders require: Aadhaar Card & PAN Card Business Registration Proof GST Registration (if applicable) Income Tax Returns Bank Statements Profit & Loss Account Balance Sheet Address Proof Business Financial Documents Additional documents may be required depending on the lender and loan amount. The approval timeline depends on the lender and document verification. In most cases, eligible applicants receive approval within 2 to 7 working days, while loan disbursal may take slightly longer based on the lender’s internal process. Yes. Most lenders allow part-prepayment or foreclosure of business loans. However, some banks or NBFCs may charge prepayment or foreclosure fees depending on the loan agreement. Yes. Many financial institutions provide startup business loans and MSME financing to eligible businesses. The approval depends … Read more

TDS Filing

TDS Filing Services in Delhi Stay compliant with the Income Tax Act through accurate and timely TDS Filing Services in Delhi. At TaxCrafted Solutions, we help businesses, companies, LLPs, partnership firms, proprietorships, trusts, and employers manage their complete TDS compliance—from calculating TDS and depositing tax to filing quarterly TDS returns and issuing TDS certificates. Our experienced tax professionals ensure error-free filings, helping you avoid penalties, interest, and notices from the Income Tax Department. FILE TDS NOW LEARN MORE What is TDS Filing? Tax Deducted at Source (TDS) is a system under the Income Tax Act where tax is deducted by the payer (deductor) before making specified payments such as salaries, professional fees, contractor payments, rent, commission, and interest. The deducted amount must be deposited with the government, followed by filing quarterly TDS returns. Timely and accurate TDS filing helps businesses remain legally compliant while enabling deductees to receive tax credits in their Form 26AS. At TaxCrafted Solutions, we provide complete TDS filing solutions, including calculation, return preparation, correction statements, reconciliation, and issuance of Form 16 and Form 16A, ensuring hassle-free compliance for your business. Our TDS Filing Services TDS Calculation & Deduction Assistance Quarterly TDS Return Filing (Form 24Q, 26Q, 27Q & 27EQ) TDS Payment & Challan Assistance Form 16 & Form 16A Generation TDS Correction Statements (Revised Returns) PAN & Challan Corrections TDS Reconciliation with Form 26AS Complete TDS Compliance Support Why TDS Filing is Important Complete Compliance with Income Tax Laws Avoid Late Filing Fees & Penalties Prevent Interest on Delayed Deposits Ensure Accurate Tax Credit for Deductees Build Business Credibility Reduce Chances of Income Tax Notices Maintain Proper Financial Records Documents Required Keep these handy for a smooth filing process. Business Information TAN Registration Details PAN of Deductor GSTIN (if applicable) Business Address Proof Contact Details Deductee Information PAN of Employees or Vendors Nature of Payment Payment Details Date of Deduction TDS Amount Deducted Payment & Challan Details BSR Code Challan Serial Number Date of Tax Deposit Challan Identification Number (CIN) Total Amount Deposited Ensure Timely TDS Compliance Avoid penalties and filing errors by letting our experienced tax professionals handle your complete TDS compliance. From calculating deductions to filing quarterly returns and issuing certificates, we provide end-to-end TDS filing solutions for businesses across Delhi and India. Get Expert Advice Frequently Asked Questions Common queries about TDS Filing Services. What are the due dates for filing quarterly TDS returns? TDS returns are filed every quarter. The due dates are generally 31st July for Quarter 1 (April–June), 31st October for Quarter 2 (July–September), 31st January for Quarter 3 (October–December), and 31st May for Quarter 4 (January–March). Filing returns on time helps avoid late fees and penalties. What is the difference between Form 24Q and Form 26Q? Form 24Q is used for filing TDS returns on salary payments deducted under Section 192 of the Income Tax Act. Form 26Q is used for reporting TDS deducted on non-salary payments such as professional fees, contractor payments, rent, commission, and interest. What is the penalty for late filing of TDS returns? If a TDS return is filed after the due date, a late filing fee of ₹200 per day is levied under Section 234E until the return is filed. The total late fee cannot exceed the amount of TDS deducted. Additional penalties and interest may also apply in certain cases for non-compliance. How can I correct a mistake in a filed TDS return? If you discover errors in PAN details, challan information, deduction amounts, or deductee records after filing, you can submit a TDS Correction Statement (Revised Return). Filing a correction statement helps rectify mistakes and ensures accurate tax credit for deductees. Is it mandatory to issue TDS certificates to deductees? Yes. After depositing TDS and filing the quarterly return, deductors must issue Form 16 for salary payments and Form 16A for non-salary payments within the prescribed time. These certificates enable deductees to claim TDS credit while filing their Income Tax Returns. TDS returns are filed every quarter. The due dates are generally 31st July for Quarter 1 (April–June), 31st October for Quarter 2 (July–September), 31st January for Quarter 3 (October–December), and 31st May for Quarter 4 (January–March). Filing returns on time helps avoid late fees and penalties. Form 24Q is used for filing TDS returns on salary payments deducted under Section 192 of the Income Tax Act. Form 26Q is used for reporting TDS deducted on non-salary payments such as professional fees, contractor payments, rent, commission, and interest. If a TDS return is filed after the due date, a late filing fee of ₹200 per day is levied under Section 234E until the return is filed. The total late fee cannot exceed the amount of TDS deducted. Additional penalties and interest may also apply in certain cases for non-compliance. If you discover errors in PAN details, challan information, deduction amounts, or deductee records after filing, you can submit a TDS Correction Statement (Revised Return). Filing a correction statement helps rectify mistakes and ensures accurate tax credit for deductees. Yes. After depositing TDS and filing the quarterly return, deductors must issue Form 16 for salary payments and Form 16A for non-salary payments within the prescribed time. These certificates enable deductees to claim TDS credit while filing their Income Tax Returns.

ITR-2 Return

ITR-2 Return Filing Services in Delhi File your ITR-2 Return accurately with experienced tax professionals. Whether you have capital gains, multiple house properties, foreign income, foreign assets, or directorship in a company, TaxCrafted Solutions provides reliable ITR-2 Filing Services in Delhi to ensure complete compliance with the Income Tax Act while minimizing errors and avoiding tax notices. FILE ITR-2 NOW LEARN MORE What is ITR-2 Return? ITR-2 is an Income Tax Return form meant for Individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession. It is applicable to taxpayers earning income from salary or pension, multiple house properties, capital gains, foreign assets or income, agricultural income above the prescribed limit, or those holding directorships in companies. Compared to ITR-1, ITR-2 involves detailed reporting requirements, particularly for capital gains, foreign assets, investments, and tax credits. At TaxCrafted Solutions, our Chartered Accountants ensure accurate computation, proper disclosure, and timely filing to help you stay fully compliant with Income Tax Department regulations. Who Can File ITR-2? Individuals and HUFs (without Business or Professional Income) Salary or Pension Income Income from Capital Gains Income from More than One House Property Foreign Income or Foreign Assets Directors in a Company Shareholders Holding Unlisted Equity Shares Agricultural Income exceeding ₹5,000 Individuals with Total Income above ₹50 Lakhs (where applicable) Who Cannot File ITR-2? Individuals having Business or Professional Income Proprietorship Businesses Partnership Firms Limited Liability Partnerships (LLPs) Companies Individuals required to file ITR-3 or other applicable ITR forms Documents Required Keep these documents ready for hassle-free ITR-2 filing. Personal & Income Documents PAN Card Aadhaar Card Bank Account Details Mobile Number & Email ID Form 16 (Salary) Salary Slips (if applicable) Bank Statements Interest Certificates Form 26AS AIS & TIS Reports Capital Gains Documents Share Trading Statements Mutual Fund Capital Gain Statements Property Purchase & Sale Deeds Improvement Cost Details Brokerage Statements Other Documents Rental Income Details Home Loan Interest Certificate Foreign Asset & Foreign Income Details Investment Proofs (80C, 80D, etc.) TDS Certificates (Form 16A/16B/16C) File Your ITR-2 With Confidence Whether you have capital gains, rental income, foreign assets, or complex income sources, our experts ensure your ITR-2 Return is prepared accurately and filed on time. Get Expert Advice Frequently Asked Questions Common queries about ITR-2 Return Filing. Who is eligible to file ITR-2? ITR-2 is meant for Individuals and Hindu Undivided Families (HUFs) who do not earn income from business or profession. It is applicable if you have salary or pension income, capital gains, income from multiple house properties, foreign assets or income, agricultural income above ₹5,000, or if you are a company director or hold unlisted equity shares. Do I need to file ITR-2 if I sold shares or mutual funds? Yes. If you have earned short-term or long-term capital gains from the sale of shares, mutual funds, property, or other capital assets, you are generally required to file ITR-2. Such income cannot normally be reported through ITR-1. Is ITR-2 applicable for NRIs? Yes. Non-Resident Indians (NRIs) who are required to file an income tax return in India generally use ITR-2, provided they do not have income from business or profession that requires another return form. The applicable ITR depends on the nature of income earned in India. Can a salaried person file ITR-2? Yes. A salaried individual must file ITR-2 instead of ITR-1 if they have capital gains, more than one house property, foreign assets or foreign income, unlisted equity shares, directorship in a company, or any other income that makes them ineligible for ITR-1. Do I need to declare foreign assets in ITR-2? Yes. If you are required to disclose foreign assets, financial interests, foreign bank accounts, or signing authority outside India, these details must be reported in the Foreign Assets (FA) Schedule of the ITR-2 return, as applicable under the Income Tax Act. ITR-2 is meant for Individuals and Hindu Undivided Families (HUFs) who do not earn income from business or profession. It is applicable if you have salary or pension income, capital gains, income from multiple house properties, foreign assets or income, agricultural income above ₹5,000, or if you are a company director or hold unlisted equity shares. Yes. If you have earned short-term or long-term capital gains from the sale of shares, mutual funds, property, or other capital assets, you are generally required to file ITR-2. Such income cannot normally be reported through ITR-1. Yes. Non-Resident Indians (NRIs) who are required to file an income tax return in India generally use ITR-2, provided they do not have income from business or profession that requires another return form. The applicable ITR depends on the nature of income earned in India. Yes. A salaried individual must file ITR-2 instead of ITR-1 if they have capital gains, more than one house property, foreign assets or foreign income, unlisted equity shares, directorship in a company, or any other income that makes them ineligible for ITR-1. Yes. If you are required to disclose foreign assets, financial interests, foreign bank accounts, or signing authority outside India, these details must be reported in the Foreign Assets (FA) Schedule of the ITR-2 return, as applicable under the Income Tax Act.

ITR-3 Return

ITR-3 Return Filing Services in Delhi File your ITR-3 Return accurately with experienced Chartered Accountants. Whether you are a business owner, freelancer, consultant, doctor, lawyer, architect, or other professional, TaxCrafted Solutions provides reliable ITR-3 Return Filing Services in Delhi to ensure complete tax compliance, maximum eligible deductions, and timely filing. FILE ITR-3 NOW LEARN MORE What is ITR-3 Return? ITR-3 is an Income Tax Return form designed for Individuals and Hindu Undivided Families (HUFs) who earn income from a business or profession. It is applicable to proprietors, self-employed professionals, consultants, freelancers, traders, and individuals with business income, along with income from salary, house property, capital gains, or other sources. Filing ITR-3 involves detailed reporting of business income, expenses, depreciation, GST details, tax audit information, and financial statements. At TaxCrafted Solutions, our experienced Chartered Accountants prepare and file your return accurately while ensuring compliance with the latest Income Tax regulations and helping you avoid notices, penalties, and unnecessary tax liabilities. Who Can File ITR-3? Individuals and HUFs having Business Income Self-Employed Professionals Doctors, Chartered Accountants, Lawyers & Architects Consultants and Freelancers Proprietorship Business Owners Individuals with Intraday Trading Income Individuals with Futures & Options (F&O) Trading Income Individuals having Salary along with Business or Professional Income Individuals with Capital Gains and Business Income Who Cannot File ITR-3? Companies Partnership Firms and LLPs Individuals opting for Presumptive Taxation under ITR-4 Trusts and Charitable Institutions Individuals without Business or Professional Income who are eligible for other ITR forms Documents Required Keep these documents ready for smooth ITR-3 filing. Personal & Tax Documents PAN Card Aadhaar Card Bank Account Details Mobile Number & Email ID Form 26AS AIS & TIS Reports Business Documents Profit & Loss Account Balance Sheet Books of Accounts GST Returns Sales & Purchase Register Expense Bills & Vouchers Business Bank Statements Audit Report (if applicable) Other Income Documents Form 16 (if salaried) Capital Gain Statements Dividend Statements Rental Income Details Interest Certificates Investment Proofs under Sections 80C, 80D, etc. File Your ITR-3 Return with Confidence Whether you are a business owner, freelancer, consultant, or self-employed professional, our experts ensure your ITR-3 Return is filed accurately, on time, and in complete compliance with Income Tax laws. Get Expert Advice Frequently Asked Questions Common queries about ITR-3 Return Filing. Who is required to file ITR-3? ITR-3 is meant for Individuals and Hindu Undivided Families (HUFs) earning income from a business or profession. It is commonly used by proprietors, self-employed professionals, consultants, freelancers, traders, doctors, lawyers, architects, and others who are not eligible to file ITR-4 under the presumptive taxation scheme. Do I need to file ITR-3 for Intraday or F&O Trading? Yes. Intraday trading income is generally treated as speculative business income, while Futures & Options (F&O) trading is considered non-speculative business income. Such income or losses are generally reported through ITR-3 unless you are eligible and opt for another applicable return under the Income Tax provisions. Can a salaried person with business income file ITR-3? Yes. If you earn salary income along with income from a business or profession, such as freelancing, consultancy, or a proprietorship business, you should generally file ITR-3 to report all your income sources accurately. Is maintaining books of accounts mandatory for ITR-3? Maintenance of books of accounts depends on the nature of your business or profession and the turnover or income limits prescribed under the Income Tax Act. In certain cases, a tax audit may also be applicable. Our experts can help determine your compliance requirements. What is the difference between ITR-3 and ITR-4? ITR-3 is meant for taxpayers who declare their actual business or professional income and maintain regular books of accounts. ITR-4 (Sugam) is intended for eligible taxpayers opting for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE, subject to the prescribed conditions and eligibility criteria. ITR-3 is meant for Individuals and Hindu Undivided Families (HUFs) earning income from a business or profession. It is commonly used by proprietors, self-employed professionals, consultants, freelancers, traders, doctors, lawyers, architects, and others who are not eligible to file ITR-4 under the presumptive taxation scheme. Yes. Intraday trading income is generally treated as speculative business income, while Futures & Options (F&O) trading is considered non-speculative business income. Such income or losses are generally reported through ITR-3 unless you are eligible and opt for another applicable return under the Income Tax provisions. Yes. If you earn salary income along with income from a business or profession, such as freelancing, consultancy, or a proprietorship business, you should generally file ITR-3 to report all your income sources accurately. Maintenance of books of accounts depends on the nature of your business or profession and the turnover or income limits prescribed under the Income Tax Act. In certain cases, a tax audit may also be applicable. Our experts can help determine your compliance requirements. ITR-3 is meant for taxpayers who declare their actual business or professional income and maintain regular books of accounts. ITR-4 (Sugam) is intended for eligible taxpayers opting for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE, subject to the prescribed conditions and eligibility criteria.

ITR-4 Return

ITR-4 (Sugam) Return Filing Simplify your tax compliance with expert ITR-4 (Sugam) Return Filing Services in Delhi. We help small business owners, freelancers, consultants, professionals, and eligible taxpayers file their income tax returns accurately under the Presumptive Taxation Scheme, ensuring timely compliance, maximum tax efficiency, and complete peace of mind. FILE ITR-4 NOW LEARN MORE What is ITR-4 (Sugam) Return? ITR-4 (Sugam) is an Income Tax Return form meant for Resident Individuals, Hindu Undivided Families (HUFs), and Partnership Firms (excluding LLPs) who opt for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE of the Income Tax Act. Under this scheme, eligible taxpayers can declare income as a prescribed percentage of their turnover or gross receipts instead of maintaining detailed books of accounts. This makes tax filing faster, simpler, and more convenient for small businesses and professionals. At TaxCrafted Solutions, our Chartered Accountants help determine your eligibility, prepare your return accurately, claim eligible deductions, and ensure complete compliance with the latest Income Tax regulations. Who Can File ITR-4? Resident Individuals Hindu Undivided Families (HUFs) Partnership Firms (excluding LLPs) Small Business Owners under Section 44AD Freelancers and Professionals under Section 44ADA Transport Businesses under Section 44AE Shop Owners and Retail Traders Consultants and Self-Employed Professionals Eligible Taxpayers opting for Presumptive Taxation Who Cannot File ITR-4? Limited Liability Partnerships (LLPs) Companies Directors in a Company Individuals holding Unlisted Equity Shares Individuals having Capital Gains Individuals having Foreign Assets or Foreign Income Individuals whose total income exceeds the prescribed eligibility limits Individuals having income from more than one ineligible source Documents Required Keep these documents ready for hassle-free ITR-4 filing. Personal Documents PAN Card Aadhaar Card Mobile Number Email ID Bank Account Details Business & Income Documents Bank Statements Cash Book or Sales Summary Business Turnover Details GST Returns (if applicable) Form 26AS AIS & TIS Reports TDS Certificates Tax Saving Documents Investment Proofs under Section 80C Health Insurance Premium Receipts (80D) Advance Tax Challans Housing Loan Interest Certificate (if applicable) Simplify Your Business Taxes Focus on growing your business while our experts handle your ITR-4 (Sugam) Return Filing accurately, securely, and on time. Get Expert Advice Frequently Asked Questions Common queries about ITR-4 (Sugam) Return Filing. Who is eligible to file ITR-4 (Sugam)? ITR-4 is meant for Resident Individuals, Hindu Undivided Families (HUFs), and Partnership Firms (excluding LLPs) that opt for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE, subject to the eligibility conditions prescribed under the Income Tax Act. What is Presumptive Taxation? The Presumptive Taxation Scheme allows eligible taxpayers to declare income at a prescribed percentage of their turnover or gross receipts instead of maintaining detailed books of accounts. This simplifies tax compliance for small businesses and professionals while reducing record-keeping requirements. Can a freelancer or doctor file ITR-4? Yes. Eligible professionals such as doctors, lawyers, architects, consultants, freelancers, engineers, and Chartered Accountants may file ITR-4 under Section 44ADA, provided they satisfy the prescribed conditions and choose the Presumptive Taxation Scheme. Can I file ITR-4 if I have capital gains? No. If you have taxable Capital Gains from the sale of shares, mutual funds, property, or other capital assets, you are generally not eligible to file ITR-4. Depending on your income sources, you may need to file ITR-2 or ITR-3 instead. Is ITR-4 applicable to LLPs? No. Limited Liability Partnerships (LLPs) are not eligible to file ITR-4 (Sugam). LLPs are generally required to file ITR-5 under the Income Tax Act. ITR-4 is meant for Resident Individuals, Hindu Undivided Families (HUFs), and Partnership Firms (excluding LLPs) that opt for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE, subject to the eligibility conditions prescribed under the Income Tax Act. The Presumptive Taxation Scheme allows eligible taxpayers to declare income at a prescribed percentage of their turnover or gross receipts instead of maintaining detailed books of accounts. This simplifies tax compliance for small businesses and professionals while reducing record-keeping requirements. Yes. Eligible professionals such as doctors, lawyers, architects, consultants, freelancers, engineers, and Chartered Accountants may file ITR-4 under Section 44ADA, provided they satisfy the prescribed conditions and choose the Presumptive Taxation Scheme. No. If you have taxable Capital Gains from the sale of shares, mutual funds, property, or other capital assets, you are generally not eligible to file ITR-4. Depending on your income sources, you may need to file ITR-2 or ITR-3 instead. No. Limited Liability Partnerships (LLPs) are not eligible to file ITR-4 (Sugam). LLPs are generally required to file ITR-5 under the Income Tax Act.

ITR-5 Return

ITR-5 Return Filing Services in Delhi Specialized tax filing for LLPs, AOPs, BOIs, and Firms. Ensure accuracy and compliance with expert assistance. FILE ITR-5 NOW LEARN MORE What is ITR-5 Return? The ITR-5 form is applicable for entities such as Firms, Limited Liability Partnerships (LLPs), Associations of Persons (AOPs), Bodies of Individuals (BOIs), Artificial Juridical Persons (AJP), Estates of deceased/insolvent, Business Trusts, and Investment Funds. At Taxcrafted Solutions, we specialize in delivering expert ITR-5 return services. We understand the unique compliance requirements for these entities and provide comprehensive solutions to ensure your tax returns are filed accurately and on time. Who Can File? Firms Limited Liability Partnerships (LLPs) Association of Persons (AOPs) Body of Individuals (BOIs) Cooperative Societies Who Cannot File? Individuals (ITR-1/2/3/4) HUFs (ITR-1/2/3/4) Companies (ITR-6) Trusts/Political Parties (ITR-7) Requirements & Eligibility Get your limit sanctioned with minimal hassle. Personal Info PAN Card of Entity Incorporation/Partnership Deed Aadhaar of Partners/Members Income Details Balance Sheet & P&L A/c Audit Reports (if applicable) Bank Statements TDS Certificates Tax & Deductions Capital Gains Proofs Rental Income Agreements Investment Proofs Seamless ITR-5 Filing Trust Taxcrafted Solutions for accurate and hassle-free tax filing for your business. Get Expert Advice Frequently Asked Questions Common queries about ITR-5 Filing. Who is eligible to file ITR-5? ITR-5 is for persons other than Individuals, HUFs, and Companies. This includes Firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), Body of Individuals (BOIs), Artificial Juridical Persons, and Local Authorities. Can a Private Limited Company file ITR-5? No, Private Limited Companies and other companies are required to file ITR-6. ITR-5 is strictly for non-corporate entities like partnerships and LLPs. Is audit mandatory for filing ITR-5? Audit is mandatory for LLPs if their turnover exceeds ₹40 Lakhs or contribution exceeds ₹25 Lakhs. For Partnership Firms, a tax audit is required if turnover exceeds ₹1 Crore (or ₹10 Crores for digital transactions). In such cases, the audit report must be filed electronically along with the return. What is the due date for filing ITR-5? If the accounts of the Firm/LLP are not required to be audited, the due date is 31st July. If audit is applicable, the due date is 31st October of the assessment year. Do I need to submit physical documents? No, ITR-5 is an annexure-less return. No documents (like balance sheet, partnership deed) need to be attached. However, you must keep them ready as they may be required if the Income Tax Department issues a notice for scrutiny. ITR-5 is for persons other than Individuals, HUFs, and Companies. This includes Firms, Limited Liability Partnerships (LLPs), Association of Persons (AOPs), Body of Individuals (BOIs), Artificial Juridical Persons, and Local Authorities. No, Private Limited Companies and other companies are required to file ITR-6. ITR-5 is strictly for non-corporate entities like partnerships and LLPs. Audit is mandatory for LLPs if their turnover exceeds ₹40 Lakhs or contribution exceeds ₹25 Lakhs. For Partnership Firms, a tax audit is required if turnover exceeds ₹1 Crore (or ₹10 Crores for digital transactions). In such cases, the audit report must be filed electronically along with the return. If the accounts of the Firm/LLP are not required to be audited, the due date is 31st July. If audit is applicable, the due date is 31st October of the assessment year. No, ITR-5 is an annexure-less return. No documents (like balance sheet, partnership deed) need to be attached. However, you must keep them ready as they may be required if the Income Tax Department issues a notice for scrutiny.

ITR-6 Return

ITR-6 Return Filing Services in Delhi Specialized tax filing for Companies (Private Limited, Public Limited, etc.). Ensure 100% compliance with Taxcrafted Solutions. FILE ITR-6 NOW LEARN MORE What is ITR-6 Return? The ITR-6 form is mandatory for companies (other than companies claiming exemption under Section 11) to file their income tax returns electronically. This includes Private Limited Companies, Public Limited Companies, and One Person Companies (OPC). Taxcrafted Solutions offers expert ITR-6 return services in Delhi. We ensure your company’s tax returns are filed accurately, claiming all eligible deductions and complying with the latest tax laws, minimizing the risk of scrutiny and penalties. Who Can File? Private Limited Companies Public Limited Companies One Person Companies (OPC) Limited Liability Companies Who Cannot File? Companies claiming Sec 11 exemption (Trusts/NGOs) Individuals/HUFs Partnership Firms/LLPs Documents Required Ensure a smooth filing process with the right documents. Company Info Company PAN Card Certificate of Incorporation Digital Signature (DSC) DIN of Directors Financials Balance Sheet & P&L A/c Statutory Audit Report Tax Audit Report (if applicable) Bank Statements Other Docs TDS Certificates GST Returns Advance Tax Challans MAT Calculation Details Seamless ITR-6 Filing Trust Taxcrafted Solutions for accurate and hassle-free tax filing for your company. Get Expert Advice Frequently Asked Questions Common queries about ITR-6 Filing. Who is required to file ITR-6? ITR-6 is mandatory for all Companies registered under the Companies Act (Private Limited, Public Limited, OPC) other than those claiming exemption under Section 11 (Charitable/Religious Trusts). Is Digital Signature mandatory for ITR-6? Yes, unlike other forms where EVC (OTP) is an option, ITR-6 must be filed electronically using a valid Digital Signature Certificate (DSC) of the authorized signatory (Director). What is the due date for filing ITR-6? Since all companies are subject to statutory audit under the Companies Act, the due date for filing ITR-6 is typically 31st October of the assessment year (or 30th November if Transfer Pricing applies). Can a company file ITR-6 if it has zero business? Yes, filing ITR-6 is mandatory for every registered company, even if it has no business operations or has incurred a loss (Nil Return). Non-filing can lead to penalties and prosecution. What details are required in the ITR-6 form? The form requires detailed information from the audited Balance Sheet and Profit & Loss Account, including shareholding patterns, asset details, and specific disclosures related to unlisted equity shares. ITR-6 is mandatory for all Companies registered under the Companies Act (Private Limited, Public Limited, OPC) other than those claiming exemption under Section 11 (Charitable/Religious Trusts). Yes, unlike other forms where EVC (OTP) is an option, ITR-6 must be filed electronically using a valid Digital Signature Certificate (DSC) of the authorized signatory (Director). Since all companies are subject to statutory audit under the Companies Act, the due date for filing ITR-6 is typically 31st October of the assessment year (or 30th November if Transfer Pricing applies). Yes, filing ITR-6 is mandatory for every registered company, even if it has no business operations or has incurred a loss (Nil Return). Non-filing can lead to penalties and prosecution. The form requires detailed information from the audited Balance Sheet and Profit & Loss Account, including shareholding patterns, asset details, and specific disclosures related to unlisted equity shares.

ITR-7 Return

ITR-7 Return Filing Services in Delhi Specialized tax filing for Trusts, Political Parties, and NGOs. Ensure compliance with Section 139(4A-4F) with Taxcrafted Solutions. FILE ITR-7 NOW LEARN MORE What is ITR-7 Return? The ITR-7 form is required for persons including companies who are required to furnish returns under specific sections: 139(4A) (Trusts), 139(4B) (Political Parties), 139(4C) (Scientific Research Associations), 139(4D) (Universities/Colleges), 139(4E) (Business Trusts), and 139(4F). Taxcrafted Solutions offers expert ITR-7 return services in Delhi, ensuring your organization’s tax filing is accurate, compliant with Indian tax laws, and submitted on time to avoid penalties and scrutiny. Who Can File? Interest only on Utilized Amount Flexible Withdrawals & Repayment Renewable Annually Quick Access to Funds Helps in Cash Flow Management Who Cannot File? Individual Taxpayers (Salaried/Business) Private Limited Companies (ITR-6) Partnership Firms (ITR-5) Documents Required Ensure a smooth filing process with the right documents. Basic Info Trust Deed / Registration Certificate PAN Card of Organization Aadhaar of Authorised Signatory Digital Signature (DSC) Financials Balance Sheet & Income/Expenditure A/c Audit Report (Form 10B/10BB) Details of Voluntary Contributions Details of Anonymous Donations Sufficient Collateral (if applicable) Compliance TDS Certificates Form 26AS Details of FCRA (if applicable) Application of Income Details Seamless ITR-7 Filing Focus on your mission while we handle your tax compliance. Expert ITR-7 filing services. Get Expert Advice Frequently Asked Questions Common queries about ITR-7 Filing. Who is eligible to file ITR-7? ITR-7 is applicable for persons including companies who are required to furnish returns under specific sections like 139(4A) (Charitable/Religious Trusts), 139(4B) (Political Parties), 139(4C) (Scientific Research Associations/Hospitals/Universities), and 139(4D). Is Audit mandatory for ITR-7 filers? Yes, most entities filing ITR-7 (like Trusts and NGOs) must get their accounts audited if their total income (before claiming exemptions) exceeds the basic exemption limit. Form 10B/10BB needs to be filed a month before the return filing due date. What is the due date for filing ITR-7? Since audit is usually applicable for ITR-7 filers, the due date is typically 31st October of the assessment year. The Audit Report (Form 10B/10BB) must be filed by 30th September. Can Political Parties file ITR-7? Yes, Political Parties are required to file ITR-7 under Section 139(4B) if their income exceeds the maximum amount not chargeable to tax. They must also submit a report to the Election Commission. Do I need to file Form 10E? Form 10E is generally for relief on salary arrears. For ITR-7 filers (Trusts/Institutions), different forms like Form 9A (for accumulation of income) or Form 10 (for setting apart income) may be required depending on the specific exemption clauses claimed. ITR-7 is applicable for persons including companies who are required to furnish returns under specific sections like 139(4A) (Charitable/Religious Trusts), 139(4B) (Political Parties), 139(4C) (Scientific Research Associations/Hospitals/Universities), and 139(4D). Yes, most entities filing ITR-7 (like Trusts and NGOs) must get their accounts audited if their total income (before claiming exemptions) exceeds the basic exemption limit. Form 10B/10BB needs to be filed a month before the return filing due date. Since audit is usually applicable for ITR-7 filers, the due date is typically 31st October of the assessment year. The Audit Report (Form 10B/10BB) must be filed by 30th September. Yes, Political Parties are required to file ITR-7 under Section 139(4B) if their income exceeds the maximum amount not chargeable to tax. They must also submit a report to the Election Commission. Form 10E is generally for relief on salary arrears. For ITR-7 filers (Trusts/Institutions), different forms like Form 9A (for accumulation of income) or Form 10 (for setting apart income) may be required depending on the specific exemption clauses claimed.