Income Tax Return Services in Delhi

Why is Income Tax Return Filing Important?

Filing an Income Tax Return (ITR) is a crucial responsibility for individuals and businesses to comply with the law and maintain financial transparency. It serves as a proof of income, essential for visa applications and loan approvals.

Taxcrafted Solutions provides expert income tax return services in Delhi, ensuring a seamless process. Whether you are a salaried individual, a freelancer, or a business owner, we help you maximize deductions and minimize liabilities while staying 100% compliant.

Our Services

Tax Consultation & Planning
Accurate ITR Filing
Assistance with Tax Notices
Capital Gains Calculation
Refund Claim Processing

Key Benefits

Claim Tax Refunds
Easy Loan Approval
Avoid Penalties & Notices
Carry Forward Losses
Valid Income Proof

ITR Forms & Requirements

Know which form applies to you and what documents are needed.

ITR Forms

ITR-1 (Sahaj): Salaried Individuals
ITR-2: Capital Gains/Foreign Income
ITR-3: Business/Profession Income
ITR-4 (Sugam): Presumptive Income
ITR-5/6/7: Firms, Companies, Trusts

Documents Required

PAN & Aadhaar Card
Form 16 / 16A
Bank Statements
Investment Proofs (LIC, PPF)
Home Loan Certificates

Who Should File?

Income > Basic Exemption Limit
To Claim Refunds
Applying for Loans/Visa
Owning Foreign Assets
High Value Transactions

Frequently Asked Questions

Common queries about Income Tax Return Filing.

Is it mandatory to file ITR if my income is below ₹2.5 Lakhs?

Generally, no. However, if you want to claim a TDS refund, apply for a loan, or carry forward losses, filing a "Nil Return" is highly recommended. It also serves as a valid proof of income.

What is the difference between Old and New Tax Regimes?

The Old Regime allows deductions like 80C (LIC, PPF), 80D (Health Insurance), and HRA, but has higher tax rates. The New Regime offers lower tax rates but does not allow most deductions. You can choose the one that benefits you more.

What happens if I miss the ITR filing deadline?

If you miss the deadline (usually 31st July), you can file a Belated Return by 31st December, but it attracts a penalty of up to ₹5,000 u/s 234F. You also lose the ability to carry forward certain losses.

Which ITR form should I choose?

ITR-1: Salaried individuals with income up to ₹50 Lakhs.
ITR-2: Individuals with Capital Gains or more than one house property.
ITR-3: Individuals having business or professional income.
ITR-4: Small businesses opting for presumptive taxation.

How can I verify my ITR after filing?

Verification is mandatory within 30 days of filing. You can verify electronically using Aadhaar OTP, Net Banking, or Bank Account EVC. Alternatively, you can send a signed physical copy of ITR-V to CPC, Bengaluru.