Tax Filing

Personal Tax Filing Services in Delhi Ensure your business is compliant and tax-efficient. Expert tax filing services for businesses of all sizes. FILE TAX NOW LEARN MORE What is Personal Tax Filing? Filing personal taxes is a critical responsibility for every individual earning taxable income. It ensures compliance with the law while enabling you to avail of tax-saving benefits and claim refunds. At Taxcrafted Solutions, we provide expert Personal Tax Filing services in Delhi to simplify the process for you. Our experienced professionals are committed to helping you navigate the complexities of tax laws, minimizing your tax liability while ensuring complete compliance with regulations. Our Services Tax Consultation & Planning Accurate ITR Preparation Refund Processing Tax Notice Handling Capital Gains Calculation Why File? Legal Compliance Claim Tax Refunds Essential for Loans Visa Processing Proof Avoid Penalties Documents Required Get ready for a hassle-free filing experience. Identification PAN Card Aadhaar Card Bank Account Details Stock Statement (for CC) GST Returns Income Proof Form 16 / 16A Salary Slips Bank Statements Interest Certificates Investments LIC Premium Receipts PPF Passbook Home Loan Certificate Donation Receipts (80G) File Your Taxes Stress-Free Don’t wait until the last minute. Let our experts handle your tax filing today. Get Expert Advice Frequently Asked Questions Common queries about Personal Tax Filing. Is it mandatory to file a tax return if I have no taxable income? While generally not mandatory if your income is below the basic exemption limit, filing a return can be beneficial for claiming refunds, applying for loans, or serving as proof of income for visas. However, certain conditions (like high electricity bills or foreign travel) mandate filing even with low income. Can I claim deductions if I choose the New Tax Regime? The New Tax Regime offers lower tax rates but does not allow most deductions and exemptions like HRA, LTA, or Chapter VI-A deductions (80C, 80D, etc.). You should compare both regimes to see which is more beneficial for you. What documents do I need to file my personal tax return? Commonly required documents include your PAN card, Aadhaar card, Form 16 (for salaried individuals), bank statements, investment proofs (like LIC receipts), and details of other income sources. What is the due date for filing personal income tax returns? For most individuals (whose accounts are not required to be audited), the due date is usually **31st July** of the assessment year. Late filing may attract penalties. How can I verify my income tax return? After filing, you must verify your return within 30 days. You can do this electronically using Aadhaar OTP, Net Banking, or Bank Account EVC. Alternatively, you can send a signed physical copy of ITR-V to CPC, Bengaluru. While generally not mandatory if your income is below the basic exemption limit, filing a return can be beneficial for claiming refunds, applying for loans, or serving as proof of income for visas. However, certain conditions (like high electricity bills or foreign travel) mandate filing even with low income. The New Tax Regime offers lower tax rates but does not allow most deductions and exemptions like HRA, LTA, or Chapter VI-A deductions (80C, 80D, etc.). You should compare both regimes to see which is more beneficial for you. Commonly required documents include your PAN card, Aadhaar card, Form 16 (for salaried individuals), bank statements, investment proofs (like LIC receipts), and details of other income sources. For most individuals (whose accounts are not required to be audited), the due date is usually **31st July** of the assessment year. Late filing may attract penalties. After filing, you must verify your return within 30 days. You can do this electronically using Aadhaar OTP, Net Banking, or Bank Account EVC. Alternatively, you can send a signed physical copy of ITR-V to CPC, Bengaluru.

Business Tax Filing Services in Delhi Ensure your business is compliant and tax-efficient. Expert tax filing services for businesses of all sizes. FILE TAX NOW LEARN MORE What is Business Tax Filing? For businesses, timely and accurate tax filing is not just a legal requirement but an essential part of financial planning. Tax laws are often complex, and failing to comply with them can lead to penalties, fines, or legal complications. At Taxcrafted Solutions, we provide expert Business Tax Filing services in Delhi, ensuring that your business complies with all applicable tax regulations while minimizing liabilities. As a trusted Tax Filing company in Delhi, we offer personalized solutions for businesses of all sizes. Our Services Preparation of Financial Statements Business Income Tax Filing GST Filing & Reconciliation TDS/TCS Compliance Advance Tax Calculation Why File? Legal Compliance & Peace of Mind Avoid Late Fees & Penalties Establish Financial Credibility Easier Access to Business Loans Accurate Financial Records Documents Required Get ready for a hassle-free filing experience. Company Info Company PAN Card Certificate of Incorporation Bank Statements (Current Account) Financials Balance Sheet & P&L A/c Audit Report (if applicable) GST Returns Filed TDS Certificates Other Docs Details of Fixed Assets Loan Statements Previous Year’s ITR File Your Business Taxes Stress-Free Don’t wait until the last minute. Let our experts handle your tax filing today. Get Expert Advice Frequently Asked Questions Common queries about Business Tax Filing. Is it mandatory for every business to file an Income Tax Return? Yes, every registered business entity (Sole Proprietorship, Partnership, LLP, or Company) must file its Income Tax Return (ITR) annually, irrespective of profit or loss, to stay compliant and avoid penalties. What is the due date for filing Business Tax Returns? For businesses not requiring a tax audit, the due date is usually 31st July. For businesses requiring a tax audit (turnover > ₹1 Crore or ₹10 Crores for digital transactions), the due date is 31st October. What is the difference between ITR and GST Returns? ITR (Income Tax Return) is an annual filing of your profit/loss and tax liability on income. GST Return is a monthly/quarterly filing of your sales and purchases details. Both are separate mandatory compliances. Can I file a return if my business made a loss? Yes, filing a “Loss Return” is highly recommended. It allows you to carry forward the business loss to future years (up to 8 years) and set it off against future profits, reducing your tax liability in profitable years. What documents are required for Business Tax Filing? Key documents include the Bank Statements for the financial year, Sales & Purchase Registers, Expense Vouchers, GST Returns (if applicable), and details of any investments or loans. Yes, every registered business entity (Sole Proprietorship, Partnership, LLP, or Company) must file its Income Tax Return (ITR) annually, irrespective of profit or loss, to stay compliant and avoid penalties. For businesses not requiring a tax audit, the due date is usually 31st July. For businesses requiring a tax audit (turnover > ₹1 Crore or ₹10 Crores for digital transactions), the due date is 31st October. ITR (Income Tax Return) is an annual filing of your profit/loss and tax liability on income. GST Return is a monthly/quarterly filing of your sales and purchases details. Both are separate mandatory compliances. Yes, filing a “Loss Return” is highly recommended. It allows you to carry forward the business loss to future years (up to 8 years) and set it off against future profits, reducing your tax liability in profitable years. Key documents include the Bank Statements for the financial year, Sales & Purchase Registers, Expense Vouchers, GST Returns (if applicable), and details of any investments or loans.

Tax Notice Reply Services in Delhi Received a tax notice? Don’t panic. Our experts help you respond accurately to notices u/s 143(1), 148, 139(9), and more. GET HELP NOW LEARN MORE Why Did You Receive a Tax Notice? Receiving a tax notice from the Income Tax Department can be stressful. Notices are often issued due to discrepancies in filed returns, non-filing of returns, high-value transactions, or simple mathematical errors. Ignoring these notices can lead to penalties and legal complications. At Taxcrafted Solutions, we specialize in analyzing tax notices and drafting precise legal responses. We ensure compliance with the Income Tax Act while protecting your interests. Common Notices Section 143(1): Intimation of Tax Demand/Refund Section 139(9): Defective Return Notice Section 142(1): Inquiry Before Assessment Section 148: Income Escaping Assessment Section 245: Refund Adjustment Our Services Detailed Notice Analysis Drafting Legal Responses Rectification of Returns (u/s 154) Representation before Tax Authorities Appeal Filing (CIT Appeals) How We Resolve Your Tax Issues A systematic approach to handling tax complexities. Review We thoroughly examine the notice and your financial records to understand the discrepancy raised by the department. Draft Our tax experts draft a comprehensive, legally sound response addressing all points raised in the notice. Submit We file the response online through the e-filing portal and follow up until the issue is resolved. Resolve Your Tax Notice Today Expert handling of all income tax notices. Avoid penalties and stress. Get Expert Advice Frequently Asked Questions Understanding Income Tax Notices & Solutions. Why did I receive an Income Tax Notice? Common reasons include discrepancies between your filed return and Form 26AS/AIS (mismatch in income or TDS), non-filing of returns despite taxable income, high-value transactions, or arithmetic errors in your ITR. What is a Defective Return Notice (u/s 139(9))? This notice is issued if your return is considered “defective” due to missing information (e.g., tax not paid, balance sheet not filled). You must rectify the defect within 15 days from the date of receipt to avoid the return being treated as invalid. What happens if I ignore a tax notice? Ignoring a tax notice can lead to severe consequences, including penalties (up to 200% of tax sought to be evaded), prosecution, and ex-parte assessment where the officer determines your liability based on available best judgment. How do I reply to an Intimation u/s 143(1)? An intimation u/s 143(1) can be a demand notice if there is a calculation error or mismatch. You can agree to the demand and pay the tax, or if you disagree, you can file a Rectification Request u/s 154 on the e-filing portal. Can I handle Scrutiny Assessment (u/s 143(2)) myself? A Scrutiny Notice requires detailed explanations and evidence for your income and expenses. It is highly recommended to hire a Chartered Accountant or tax expert to draft a professional legal reply to ensure the proceedings are closed favorably. Common reasons include discrepancies between your filed return and Form 26AS/AIS (mismatch in income or TDS), non-filing of returns despite taxable income, high-value transactions, or arithmetic errors in your ITR. This notice is issued if your return is considered “defective” due to missing information (e.g., tax not paid, balance sheet not filled). You must rectify the defect within 15 days from the date of receipt to avoid the return being treated as invalid. Ignoring a tax notice can lead to severe consequences, including penalties (up to 200% of tax sought to be evaded), prosecution, and ex-parte assessment where the officer determines your liability based on available best judgment. An intimation u/s 143(1) can be a demand notice if there is a calculation error or mismatch. You can agree to the demand and pay the tax, or if you disagree, you can file a Rectification Request u/s 154 on the e-filing portal. A Scrutiny Notice requires detailed explanations and evidence for your income and expenses. It is highly recommended to hire a Chartered Accountant or tax expert to draft a professional legal reply to ensure the proceedings are closed favorably.

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.

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 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 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 (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 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 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.