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ITR-1 Return

ITR-1 (Sahaj) Filing Services Simplifying Tax Returns for Salaried Individuals & Pensioners. Get your income tax return filed accurately and on time. FILE ITR NOW LEARN MORE What is ITR-1 (Sahaj)? ITR-1, also known as “Sahaj” (meaning Easy), is the most common Income Tax Return form for individuals. It is designed for resident individuals who have income from salary, one house property, other sources (like interest), and agricultural income up to ₹5,000. This form aims to simplify the tax filing process for the common man. However, incorrect filing can lead to defective returns or notices from the Income Tax Department. Our expert team ensures your ITR-1 is error-free and compliant. Who Can File ITR-1? Resident Individuals only. Total Income up to ₹50 Lakhs Income from Salary or Pension . Income from One House Property . Income from Other Sources (Bank Interest, etc.). Our Services Directors in a Company. Investors in Unlisted Equity Shares. Individuals with Business/Profession Income. Individuals with Capital Gains. Individuals with assets outside India. Documents Required Keep these ready for a smooth filing experience. Essential Documents PAN Card & Aadhaar Card Form 16 (from Employer) Bank Statements (for Interest Income) Form 26AS & AIS/TIS Report Home Loan Interest Certificate (if applicable) Investment Proofs (LIC, PPF, etc.) Filing Process Share Documents via Email/WhatsApp Our CA Team Analyzes your Income Preparation of Draft Return Your Approval & Payment Filing & Verification of ITR-V Why Choose Us? Expert CAs: Filed by professionals. Max Refund: We claim all eligible deductions. Notice Support: Assistance if you get a notice. Secure: Your financial data is safe with us. File Your ITR Today Avoid penalties and last-minute rush. Let our experts handle your tax filing accurately. Get Expert Advice Frequently Asked Questions Common queries about ITR-1 (Sahaj) Filing. Who is eligible to file ITR-1 (Sahaj)? ITR-1 is for Resident Individuals having a total income of up to ₹50 Lakhs. The income sources should be from Salary/Pension, One House Property, and Other Sources (like interest), with agricultural income up to ₹5,000. Can I file ITR-1 if I have Capital Gains? No, if you have any income from Capital Gains (sale of mutual funds, shares, or property) or hold any unlisted equity shares, you cannot use ITR-1. You must file ITR-2 instead. Is linking Aadhaar with PAN mandatory for filing? Yes, it is mandatory to link your Aadhaar with your PAN. You must also quote your Aadhaar number while filing your Income Tax Return. Failure to link them may make your PAN inoperative. What is the difference between Old and New Tax Regime in ITR-1? The Old Regime allows claiming exemptions like HRA, LTA, and deductions under 80C, 80D, etc. The New Regime offers lower tax rates but disallows most exemptions. The New Regime is the default option unless you opt out. What documents do I need to file ITR-1? You primarily need your Form 16 (from employer), Form 26AS, AIS/TIS (Annual Information Statement), and bank statements for interest income. You do not need to attach these documents to the return but should keep them for your records. ITR-1 is for Resident Individuals having a total income of up to ₹50 Lakhs. The income sources should be from Salary/Pension, One House Property, and Other Sources (like interest), with agricultural income up to ₹5,000. No, if you have any income from Capital Gains (sale of mutual funds, shares, or property) or hold any unlisted equity shares, you cannot use ITR-1. You must file ITR-2 instead. Yes, it is mandatory to link your Aadhaar with your PAN. You must also quote your Aadhaar number while filing your Income Tax Return. Failure to link them may make your PAN inoperative. The Old Regime allows claiming exemptions like HRA, LTA, and deductions under 80C, 80D, etc. The New Regime offers lower tax rates but disallows most exemptions. The New Regime is the default option unless you opt out. You primarily need your Form 16 (from employer), Form 26AS, AIS/TIS (Annual Information Statement), and bank statements for interest income. You do not need to attach these documents to the return but should keep them for your records.

GST Return

GST Return Filing Services in Delhi Ensure seamless compliance with accurate and timely GST filings. Avoid penalties and focus on growing your business. File GST Now LEARN MORE What is GST Return Filing? GST Return Filing is a mandatory compliance process for businesses registered under the Goods and Services Tax (GST) regime in India. It involves submitting details of your sales, purchases, input tax credit (ITC), and output tax liability to the government periodically. Accurate and timely filing is essential to maintain a good compliance score, avoid heavy penalties, and ensure seamless business operations. Taxcrafted Solutions helps you manage your monthly, quarterly, and annual GST returns effortlessly. Our Services GST Registration GSTR-1 (Sales) Filing GSTR-3B (Summary) Filing GSTR-9 (Annual Return) GST Reconciliation Why Choose Us? Expert Tax Consultants Error-Free Filing Maximize Input Tax Credit Timely Compliance Reminders Notice Handling Support Importance of GST Compliance Key benefits of timely return filing. Legal Requirement Mandatory for all GST-registered businesses to file returns, even if there are no transactions (Nil Return). Input Tax Credit Timely filing ensures you and your buyers can claim eligible Input Tax Credit (ITC) without issues. Avoid Penalties Late filing attracts late fees and interest, which can accumulate quickly. Stay compliant to save money. Simplify Your GST Compliance Let our experts handle your monthly and annual filings while you focus on business growth. Get Expert Advice Frequently Asked Questions Common queries about Pvt Ltd Registration. Which GST returns do I need to file regularly? Most regular taxpayers need to file GSTR-1 (details of sales) and GSTR-3B (summary of sales, purchase, and tax payment). The frequency can be monthly or quarterly (QRMP scheme) depending on your turnover. What is the due date for GSTR-1 and GSTR-3B? For monthly filers, GSTR-1 is due by the 11th and GSTR-3B by the 20th of the following month. For quarterly filers (QRMP), the dates are the 13th and 22nd/24th of the month following the quarter. Is it mandatory to file a return if there are no sales or purchases? Yes, filing a Nil Return is mandatory even if you have had zero business activity in a month. Failure to file attracts a late fee, which accumulates daily until the return is filed. What is GSTR-9 and when is it filed? GSTR-9 is the Annual Return that consolidates all monthly/quarterly returns filed during the financial year. It is mandatory for businesses with a turnover exceeding ₹2 Crores and is typically due by 31st December of the next financial year. Can I revise a GST return after filing? No, unlike Income Tax Returns, a filed GST return cannot be revised. Any errors or omissions must be corrected in the subsequent month’s return (GSTR-1 or GSTR-3B). Most regular taxpayers need to file GSTR-1 (details of sales) and GSTR-3B (summary of sales, purchase, and tax payment). The frequency can be monthly or quarterly (QRMP scheme) depending on your turnover. For monthly filers, GSTR-1 is due by the 11th and GSTR-3B by the 20th of the following month. For quarterly filers (QRMP), the dates are the 13th and 22nd/24th of the month following the quarter. Yes, filing a Nil Return is mandatory even if you have had zero business activity in a month. Failure to file attracts a late fee, which accumulates daily until the return is filed. GSTR-9 is the Annual Return that consolidates all monthly/quarterly returns filed during the financial year. It is mandatory for businesses with a turnover exceeding ₹2 Crores and is typically due by 31st December of the next financial year. No, unlike Income Tax Returns, a filed GST return cannot be revised. Any errors or omissions must be corrected in the subsequent month’s return (GSTR-1 or GSTR-3B).

Business Loan

Business Loan Services in Delhi Fuel your business growth with capital tailored to your needs. Expert assistance for hassle-free business loan approvals. APPLY NOW LEARN MORE What is a Business Loan? A business loan is a financial offering designed specifically for businesses. It provides the necessary capital to start, expand, or manage daily operations. Whether you need funds for working capital, purchasing equipment, or expanding to new locations, a business loan can bridge the financial gap. Taxcrafted Solutions connects you with leading financial institutions to secure business loans that cater to your specific requirements. We help you navigate the complex application process, ensuring you get the best interest rates and flexible repayment terms. Purpose of Loan Working Capital Requirements Business Expansion & Growth Purchase of Machinery/Equipment Inventory Management Infrastructure Development Key Features Flexible Loan Amounts Competitive Interest Rates Secured & Unsecured Options Quick Processing & Disbursal Customizable Repayment Plans Our Loan Services Comprehensive support from application to approval. Assessment & Guidance Financial Health Assessment Credit Score Review Loan Requirement Analysis Best Lender Selection Eligibility Check Documentation Business Plan Preparation Financial Statements (P&L, Balance Sheet) ITR & GST Returns KYC Documents Bank Statements Negotiation & Support Rate Negotiation Term Sheet Review Application Tracking Disbursal Assistance Post-Approval Advisory Empower Your Business Today Get the financial boost your business deserves with our expert loan assistance. Get Expert Advice Frequently Asked Questions Everything you need to know about Business Loans. Do I need to provide collateral for a business loan? Generally, no. We specialize in unsecured business loans which do not require you to pledge any assets or collateral. However, if you are looking for a higher loan amount with lower interest rates (Loan Against Property), collateral would be required. What are the minimum eligibility criteria? Typically, your business should have a vintage of at least 3 years, a minimum annual turnover of ₹40 Lakhs, and the applicant should be between 24 to 65 years of age. A good CIBIL score (700+) significantly improves approval chances. What documents are required to apply? You will need KYC documents (PAN/Aadhaar) of the proprietor/directors, Business Registration Proof (GST/Trade License), Last 2 years’ ITR with computation, and the last 12 months’ bank statements. How long does the disbursement process take? Once all documents are submitted and verified, unsecured business loans can be disbursed within 3 to 7 working days. Pre-approved offers for existing customers can be disbursed even faster, sometimes within 24 hours. Can I prepay or foreclose my loan early? Yes, most lenders allow foreclosure after a lock-in period (usually 6-12 months). Foreclosure charges may range from 2% to 5% of the outstanding principal amount, depending on the bank’s policy at the time of agreement. Generally, no. We specialize in unsecured business loans which do not require you to pledge any assets or collateral. However, if you are looking for a higher loan amount with lower interest rates (Loan Against Property), collateral would be required. Typically, your business should have a vintage of at least 3 years, a minimum annual turnover of ₹40 Lakhs, and the applicant should be between 24 to 65 years of age. A good CIBIL score (700+) significantly improves approval chances. You will need KYC documents (PAN/Aadhaar) of the proprietor/directors, Business Registration Proof (GST/Trade License), Last 2 years’ ITR with computation, and the last 12 months’ bank statements. Once all documents are submitted and verified, unsecured business loans can be disbursed within 3 to 7 working days. Pre-approved offers for existing customers can be disbursed even faster, sometimes within 24 hours. Yes, most lenders allow foreclosure after a lock-in period (usually 6-12 months). Foreclosure charges may range from 2% to 5% of the outstanding principal amount, depending on the bank’s policy at the time of agreement.

TDS Filing

TDS Filing Services in Delhi Ensure timely compliance, accurate deductions, and penalty-free filing with expert TDS filing services in Delhi. FILE TDS NOW LEARN MORE What is TDS Filing? Tax Deducted at Source (TDS) is a mechanism where tax is collected at the source of income generation. It is deducted by the payer (deductor) and deposited with the government on behalf of the payee (deductee). TDS filing involves submitting a quarterly statement to the Income Tax Department detailing these deductions. Taxcrafted Solutions offers comprehensive TDS filing services, ensuring that your business meets all statutory requirements. We handle everything from calculation and deduction to filing returns and issuing TDS certificates, helping you avoid penalties and interest. Our Services TDS Calculation & Deduction Quarterly Return Filing (24Q, 26Q) Form 16/16A Issuance Correction Statements TDS Reconciliation Why It Matters Legal Compliance Avoid Late Fees (₹200/day) Prevent Interest Charges Accurate Tax Credits Smooth Business Operations Documents Required Keep these handy for a smooth filing process. Company Details TAN Number PAN of Deductor GSTIN (if applicable) Address Proof GST Returns Eligibility PAN of Deductees Payment Details Nature of Payment Deduction Dates Benefits BSR Code Date of Deposit Challan Serial Number Total Amount Deposited Ensure Timely TDS Compliance Partner with Taxcrafted Solutions for accurate, hassle-free TDS filing services. Get Expert Advice Frequently Asked Questions Common queries about TDS Return Filing. What are the due dates for filing quarterly TDS returns? TDS returns must be filed quarterly. The due dates are generally 31st July (Q1), 31st October (Q2), 31st January (Q3), and 31st May (Q4) of the financial year. What is the difference between Form 24Q and Form 26Q? Form 24Q is used for preparing eTDS returns for TDS deducted on Salary payments (Section 192). Form 26Q is used for TDS on all other payments like interest, professional fees, rent, and contractors. What is the penalty for late filing of TDS returns? Under Section 234E, a late fee of ₹200 per day is levied for every day of delay until the return is filed. However, the total fee cannot exceed the total TDS amount deducted. How can I correct a mistake in a filed TDS return? If you have made errors in PAN numbers, challan details, or deduction amounts, you can file a Correction Statement (Revised Return). This allows you to rectify the mistakes without paying additional filing fees, though interest may apply for short deductions. Do I need to issue TDS certificates to deductees? Yes, it is mandatory to issue Form 16 (annually for salary) and Form 16A (quarterly for non-salary payments) to the deductees. These certificates serve as proof that tax has been deducted and deposited with the government. TDS returns must be filed quarterly. The due dates are generally 31st July (Q1), 31st October (Q2), 31st January (Q3), and 31st May (Q4) of the financial year. Form 24Q is used for preparing eTDS returns for TDS deducted on Salary payments (Section 192). Form 26Q is used for TDS on all other payments like interest, professional fees, rent, and contractors. Under Section 234E, a late fee of ₹200 per day is levied for every day of delay until the return is filed. However, the total fee cannot exceed the total TDS amount deducted. If you have made errors in PAN numbers, challan details, or deduction amounts, you can file a Correction Statement (Revised Return). This allows you to rectify the mistakes without paying additional filing fees, though interest may apply for short deductions. Yes, it is mandatory to issue Form 16 (annually for salary) and Form 16A (quarterly for non-salary payments) to the deductees. These certificates serve as proof that tax has been deducted and deposited with the government.

ITR-2 Return

ITR-2 Return Filing Services in Delhi Expert filing for Capital Gains, Rental Income, and Foreign Assets. We simplify complex tax returns for you. FILE ITR-2 NOW LEARN MORE What is ITR-2 Return? The ITR-2 Return form is specifically designed for individuals and Hindu Undivided Families (HUFs) who do not have income from a business or profession. It is applicable if you earn income from salary, multiple house properties, capital gains (short or long term), or foreign assets/income. Filing ITR-2 can be complex due to the detailed reporting requirements for capital gains and foreign assets. At Taxcrafted Solutions, we specialize in managing these complexities, ensuring accurate calculations and compliance with all tax laws to avoid notices and penalties. Who Can File? Individuals & HUFs (No Business Income) Income from Capital Gains Income from >1 House Property Foreign Income/Assets Director in a Company Who Cannot File? Income from Business or Profession Those eligible for ITR-1 (Sahaj) Partnership Firms Companies Documents Required Ensure a smooth filing process with the right documents. Basic & Income PAN & Aadhaar Card Form 16 (Salary) Bank Statements TDS Certificates (16A/16B/16C) Capital Gains Stock Trading Statements Mutual Fund Statements Property Sale Deed Purchase Deed/Improvement Cost Others Foreign Asset Details Rental Income Proof Home Loan Statement 80C/80D Investment Proofs File Your ITR-2 With Confidence Let our experts handle your capital gains and foreign income reporting accurately. Get Expert Advice Frequently Asked Questions Key details about Overdraft & Cash Credit Limits. Who is eligible to file ITR-2? ITR-2 is for Individuals and HUFs not having income from “Profit and Gains of Business or Profession”. It covers income from Capital Gains (Sale of Property/Shares), more than one House Property, Foreign Assets/Income, and holding Directorship in a company. Do I need to file ITR-2 if I sold shares or mutual funds? Yes, if you have realized Capital Gains (Short Term or Long Term) from the sale of equity shares, mutual funds, or any other asset, you must file ITR-2. ITR-1 is not applicable in this case. Is ITR-2 applicable for NRIs? Yes, Non-Resident Indians (NRIs) generally file ITR-2 to report their taxable income earned in India, as they are often ineligible for ITR-1 (Sahaj). Can a salaried person file ITR-2? Yes, a salaried person can (and must) file ITR-2 if their total income exceeds ₹50 Lakhs, they have capital gains, they hold unlisted equity shares, or they are a Director in a company, even if they don’t have business income. Do I need to declare foreign assets in ITR-2? Yes, if you hold any asset (including financial interest in any entity) located outside India or have signing authority in any account located outside India, it is mandatory to disclose these details in the Foreign Assets (FA) schedule of ITR-2. ITR-2 is for Individuals and HUFs not having income from “Profit and Gains of Business or Profession”. It covers income from Capital Gains (Sale of Property/Shares), more than one House Property, Foreign Assets/Income, and holding Directorship in a company. Yes, if you have realized Capital Gains (Short Term or Long Term) from the sale of equity shares, mutual funds, or any other asset, you must file ITR-2. ITR-1 is not applicable in this case. Yes, Non-Resident Indians (NRIs) generally file ITR-2 to report their taxable income earned in India, as they are often ineligible for ITR-1 (Sahaj). Yes, a salaried person can (and must) file ITR-2 if their total income exceeds ₹50 Lakhs, they have capital gains, they hold unlisted equity shares, or they are a Director in a company, even if they don’t have business income. Yes, if you hold any asset (including financial interest in any entity) located outside India or have signing authority in any account located outside India, it is mandatory to disclose these details in the Foreign Assets (FA) schedule of ITR-2.

ITR-3 Return

ITR-3 Return Filing Services in Delhi Expert tax filing for business owners, professionals, and consultants. Accurate, compliant, and timely ITR-3 returns. FILE ITR-3 NOW LEARN MORE What is ITR-3 Return? The ITR-3 Return form is designed for individuals and Hindu Undivided Families (HUFs) who derive income from a proprietary business or profession. This includes income from trade, commerce, manufacturing, or professional services (like doctors, lawyers, architects, etc.), in addition to income from salary, house property, or capital gains. At Taxcrafted Solutions, we provide professional and comprehensive ITR-3 return services in Delhi. We ensure your business income is accurately assessed, all eligible business expenses are claimed, and your tax return is filed seamlessly to avoid any scrutiny. Who Can File? Individuals & HUFs with Business Income Professionals (Doctors, CAs, etc.) Partner in a Firm (Reporting Share/Salary) Freelancers with High Turnover Intraday Trading Income Who Cannot File? Companies (Use ITR-6) Partnership Firms (Use ITR-5) Those filing under Presumptive Scheme (ITR-4) Trusts (Use ITR-7) Documents Required Ensure a smooth filing process with the right documents. Basic & Income PAN & Aadhaar Card Form 16 (if Salary income exists) Bank Statements/Passbook Form 26AS & AIS Business/Profession Balance Sheet & P&L Account Audit Reports (if applicable) GST Returns Filed Expense Vouchers/Bills Other Income Capital Gains Statements Rent Receipts (Rental Income) Interest Certificates Dividend Statements Simplify Your Business Tax Filing Let our experts handle your ITR-3 while you focus on growing your business. Get Expert Advice Frequently Asked Questions Common queries about ITR-3 Filing. Who is required to file ITR-3? ITR-3 is for individuals and HUFs having income from Profits and Gains of Business or Profession. This includes business owners, freelancers, and professionals (doctors, lawyers, CAs) who do not opt for presumptive taxation. Do I need to file ITR-3 for Intraday or F&O Trading? Yes, income from Intraday Trading is considered speculative business income, and income from Futures & Options (F&O) is treated as non-speculative business income. Therefore, you must file ITR-3 to report these earnings or losses. Can a salaried person with business income file ITR-3? Yes, if a salaried individual also has income from a business or profession (e.g., a side consultancy or trading business), they must file ITR-3, as ITR-1 and ITR-2 do not cover business income. Is maintaining books of accounts mandatory for ITR-3? If you are filing ITR-3, you generally need to maintain regular books of accounts (Balance Sheet, P&L) if your income/turnover exceeds specified limits. If you are opting out of the presumptive scheme, audit may also be applicable. What is the difference between ITR-3 and ITR-4? ITR-4 is for those opting for the Presumptive Taxation Scheme (declaring flat % profit on turnover). ITR-3 is for those who need to declare actual profit/loss based on detailed books of accounts or are ineligible for ITR-4 (e.g., turnover > ₹2 Cr). ITR-3 is for individuals and HUFs having income from Profits and Gains of Business or Profession. This includes business owners, freelancers, and professionals (doctors, lawyers, CAs) who do not opt for presumptive taxation. Yes, income from Intraday Trading is considered speculative business income, and income from Futures & Options (F&O) is treated as non-speculative business income. Therefore, you must file ITR-3 to report these earnings or losses. Yes, if a salaried individual also has income from a business or profession (e.g., a side consultancy or trading business), they must file ITR-3, as ITR-1 and ITR-2 do not cover business income. If you are filing ITR-3, you generally need to maintain regular books of accounts (Balance Sheet, P&L) if your income/turnover exceeds specified limits. If you are opting out of the presumptive scheme, audit may also be applicable. ITR-4 is for those opting for the Presumptive Taxation Scheme (declaring flat % profit on turnover). ITR-3 is for those who need to declare actual profit/loss based on detailed books of accounts or are ineligible for ITR-4 (e.g., turnover > ₹2 Cr).

ITR-4 Return

ITR-4 (Sugam) Return Filing Simplified tax filing for small businesses, freelancers, and professionals opting for Presumptive Taxation. Expert assistance guaranteed. FILE ITR-4 NOW LEARN MORE What is ITR-4 Return? The ITR-4 (Sugam) form is applicable for individuals, HUFs, and partnership firms (other than LLPs) who are residents and have income from a business or profession. This form is specifically for those who have opted for the Presumptive Taxation Scheme under Sections 44AD, 44ADA, or 44AE of the Income Tax Act. This scheme allows taxpayers to declare a fixed percentage of their turnover as income, exempting them from the rigorous task of maintaining detailed books of accounts. At Taxcrafted Solutions, we help you leverage this scheme to simplify your compliance and save time. Who Can File? Businesses with turnover up to ₹2 Cr (Sec 44AD) Professionals with receipts up to ₹50 Lakhs (Sec 44ADA) Truck owners (Sec 44AE) Freelancers & Consultants Small Shop Owners Who Cannot File? Director in a Company Holding Unlisted Equity Shares Income > ₹50 Lakhs Bringing forward losses Owning assets outside India Documents Required Simple documentation for a simpler filing process. Personal Info PAN Card Aadhaar Card Bank Account Details Income Details Bank Statements (for turnover) Cash Receipts Record Form 26AS & AIS GST Returns (if registered) Sufficient Collateral (if applicable) Tax & Deductions TDS Certificates Advance Tax Challans LIC/PPF Receipts (80C) Medical Insurance (80D) Simplify Your Business Taxes Let our experts handle your ITR-4 filing so you can focus on your work. Get Expert Advice Frequently Asked Questions Common queries about ITR-4 (Sugam) Filing. Who is eligible to file ITR-4 (Sugam)? ITR-4 is for Resident Individuals, HUFs, and Firms (other than LLP) having a total income up to ₹50 Lakhs and having income from Business or Profession computed under the Presumptive Taxation Scheme (Section 44AD, 44ADA, or 44AE). What is Presumptive Taxation? Under this scheme, you don’t need to maintain detailed books of accounts. You can simply declare a fixed percentage of your turnover as profit (e.g., 8% or 6% for businesses u/s 44AD, 50% for professionals u/s 44ADA) and pay tax on that amount. Can a freelancer or doctor file ITR-4? Yes, professionals like doctors, lawyers, architects, and freelancers can file ITR-4 under Section 44ADA if their gross receipts are up to ₹50 Lakhs (increased to ₹75 Lakhs under certain conditions) and they declare at least 50% as profit. Can I file ITR-4 if I have capital gains? No, if you have income from Capital Gains (sale of property, shares, mutual funds), you cannot use ITR-4. You must file ITR-3 (if you have business income) or ITR-2 (if no business income). Is ITR-4 applicable to LLPs? No, Limited Liability Partnerships (LLPs) cannot file ITR-4. They are required to file ITR-5. Only individuals, HUFs, and Partnership Firms (excluding LLPs) are eligible for ITR-4. ITR-4 is for Resident Individuals, HUFs, and Firms (other than LLP) having a total income up to ₹50 Lakhs and having income from Business or Profession computed under the Presumptive Taxation Scheme (Section 44AD, 44ADA, or 44AE). Under this scheme, you don’t need to maintain detailed books of accounts. You can simply declare a fixed percentage of your turnover as profit (e.g., 8% or 6% for businesses u/s 44AD, 50% for professionals u/s 44ADA) and pay tax on that amount. Yes, professionals like doctors, lawyers, architects, and freelancers can file ITR-4 under Section 44ADA if their gross receipts are up to ₹50 Lakhs (increased to ₹75 Lakhs under certain conditions) and they declare at least 50% as profit. No, if you have income from Capital Gains (sale of property, shares, mutual funds), you cannot use ITR-4. You must file ITR-3 (if you have business income) or ITR-2 (if no business income). No, Limited Liability Partnerships (LLPs) cannot file ITR-4. They are required to file ITR-5. Only individuals, HUFs, and Partnership Firms (excluding LLPs) are eligible for ITR-4.

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.