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Tax filing for salaried individuals with single or multiple Form 16 with Salary less than Rs. 50 Lacs
 Income from other source
House and Property
Director in a company
Dividend Income of more than Rs. 10 Lacs
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Executive Package

Tax filing for salaried individuals with single or multiple Form 16 with Salary less than Rs. 50 Lacs
 Income from other source
House and Property
Director in a company
Dividend Income of more than Rs. 10 Lacs
Capial Gain - Share trading, F & O
Business Hours Expert Support - Email and Phone

Premium Package

Tax filing for salaried individuals with single or multiple Form 16 with Salary less than Rs. 50 Lacs
 Income from other source
House and Property
Director in a company
Dividend Income of more than Rs. 10 Lacs
Capial Gain - Share trading, F & O
Business Hours Expert Support - Email and Phone


All you need to know about ITR

An income tax return is a form where taxpayers have to declare their taxable incomes from all sources, eligible deductions, and tax payments if any. This is called ITR Filing Procedure.

If you have paid more taxes than “payable”, you are entitled to Income tax refund. If the reverse is the case, you should pay remaining amount before filing your Income tax return. Cases, where more taxes have been paid before hand, are TDS or Advance Tax paid by you. In such a scenario, you should show correct incomes and taxes in your Tax Returns.

Income tax return forms range from ITR 1 to ITR 7, used for different types of income and different types of entities. Depending on the type of forms, there are various disclosure requirements.

Filing ITR in India is completely online and paperless. There is no need for you to submit physical return at the local income tax offices. All documents, wherever necessary need to be submitted online. Income tax return is to be filed for a particular Financial Year (i.e. April to March) irrespective of Accounting Year adopted by you.

Below is a table showing the Due date for ITR Filings and Audit Reports for different categories of taxpayers.

Due Date for ITR Filing for FY 2022-2023

NO. Category Taxpayer  Due Date
Business (Not requiring Audit including LLPs and firms) 31st July, 2022
Association of Persons (AOP) 31st July, 2022
Body of Individuals (BOI) 31st July, 2022
Individual 31st July, 2022
Businesses (Requiring Audit including Private Limited Company, PC, LLPs and firms) 30th September, 2022
The due date of furnishing Income Tax Return for FY 2021-22 (TP Cases) 31st December, 2022

Due Date for furnishing of Audit Report

Audit Report for the Previous year 2020-21 15th February, 2022

Audit Report for Transfer Pricing cases

15th January, 2022


Belated/ Revised Income Tax Return for FY 2021-22

31st December, 2022


Note: If you have made any payments to an NRI ( not being a company) or a foreign company, filing Form 15 CA is mandatory for tax deduction purposes.


compliancemsme.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Filing online Income Tax Returns (IT Return filing) is easy, seamless, cheapest and quickest with compliancemsme.com! Apart from Income Tax returns, compliancemsme also helps you to file GST Returns, TDS Returns, PF Returns and ESI Returns easily. You may get in touch with our compliance manager on +91 7909997575 or email support@compliancemsme.com for a free consultation.

Why You Should File Income Tax Returns

Points to make your decision easy

Taxable Income

If you have taxable Income in India, you must file your ITR in India. This is applicable for an individual if his/her taxable income exceeds INR 2.50 Lakh. In case you are a Company. LLP or Partnership Firm, it is mandatory for you to file ITR irrespective of your income or loss.


Filing Income tax Return enhances your credibility and your credit availing capacity from the bank perspective. Even if you are not liable for ITR filing for any reason, it is a good practice to file the same. Your ITR serves as a proof of your Income. No other document does this job.

Carry Forward Losses

If you have incurred any losses in your business on account of expenses or depreciation, you must file your return in order to carry forward those. The benefit of this can be availed once you have taxable income. Such losses, then, can be set off against taxable profits.

Financial Strength

A good track record of regular ITR Filing shows your financial strength and is indicative of your regularity. This helps you to obtain quick bank loans and also visa. Hence, it is advisable to file ITR on regular basis.

Tax Refunds

For any reason, if your TDS has been deducted and the same is higher than your actual tax payable, such a claim of refund can only be done by filing a correct IT return in time. You won’t get your refunds if you don’t file your ITR.

Avoiding Tax Notices

There are many criteria defined under the Act, in which you may be served legal notice if you have not filed your ITR. Filing your ITR correctly and in time can ensure that you don’t have to face any of these.

Which ITR to file for FY 2021-22(AY 2022-23)

Forms for ITR Filing are different based on types of income and business structure


-Resident individuals having income < 50 lakhs from:

  • Salary/Pension
  • Other sources
  • One house property


-Income from:

  • Every income from ITR-1 > 50 lakhs
  • Capital gains
  • More than one house property
  • Foreign Income/Foreign Asset

-Holding directorship in a company
-Holding unlisted equity shares


-Income from:

  • Every income from ITR-2
  • Business/Profession
  • As a partner in a firm
  • Presumptive income > 50lakhs


-Every income from ITR-1 Presumptive Income under

  • Salary/Pension
  • Other sources
  • One house property

Total income > 50lakhs


-Applicable to:

  • Firms
  • LLPs
  • AOPs
  • BOIs


-Companies not claiming exemption under section 11


-Persons/companies under:

  • Section 139(4A)
  • Section 139(4B)
  • Section 139(4C)
  • Section 139(4D)

Documents Required for Income Tax Returns

Points to make your decision easy

PAN Card

PAN Card of the taxpayer

Entities PAN Card

In case of company or firm, PAN card
of all directors or partners is

Aadhar Card

In case of company or firm, Aadhar
card of all directors or partners is

Cancelled Cheque

Cancelled cheque of the taxpayer’s
bank account is required

Bank Account Statement

The statement for concerned
Financial Year is required to assess
other incomes

Financial Statements

For business entities, except
proprietorship, financial statements
are required

Investment/ expenses u/s 80

Details about the investments made
or expenditure u/s 80 must be

Form 16

The salaried person should provide
the TDS Certificate, known as Form


File ITR in 3 Easy Steps

1. Answer Quick Questions

2. Experts available for Help

  • Assigned Relationship Manager
  • CA assisted IT filing
  • Computation of Income Tax payable
  • Online filing of Income Tax Return
  • Acknowledgement of ITR filed

Your ITR is Filed

  • All it takes is 5-7 working days*

* Subject to Government Processing Time


Process to file ITR

Day 1 - Collection

Day 2-5 Execution

  • Computation of payable Income Tax

Day 6-7- Submission and Acknowledgement

Frequently Asked Questions

Explore Income Tax Return

I do not have Form 16? How do I file my return?

You need not worry about the same. You may still file your return. Please get in touch with us and we will do the rest. File your ITR 1 online for FY 2021-22 with compliancemsme at affordable prices.

Where should the books of accounts of business be kept and for how long?

All the books of account and related documents should be kept at the main place of business, i.e., where the business or profession is generally carried on. These documents should be preserved for a minimum of eight financial years.

What is the purpose of Form 26 AS?

Form 26 AS is consolidated tax statement (Form 26AS) is used as a proof of tax deducted/collected on your behalf and the tax directly paid by you along with your income tax return.

What is ITR-V?

ITR-V is a 1-page acknowledgment summary document that you receive after e-filing your income tax return. You must print, sign and send it to the Income Tax Department within 120 days from e-filing your tax return as a verification. However, you may also E-verify using Aadhar or net banking. If you have filed using your DSC, none of the verifications will be required.

What documents do I need to attach to an Income tax return?

Income tax returns are completely paperless filing procedures now. You need not submit any physical or scan copies along with your returns. However, you should retain these documents so that you can produce those when demanded by tax authorities.

Why is return filing mandatory even though all my taxes and interests have been paid and there is no refund due to me?

Amounts paid as advance tax and withheld in the form of TDS or collected in the form of TCS will take the character of your tax due only on completion of self-assessment of your income. This self-assessment is intimated to the department by way of filing of a return. Only then does the government acquire rights over the prepaid taxes as its own revenue. Filing of return is critical for this process and, hence, has been made mandatory. Failure will attract a levy of penalty.

Is it mandatory to file a return after getting my PAN Card?

No. Return is to be filed only if you have taxable income.

If I have committed any mistake in my original return am I permitted to file a revised return to correct the mistake?

Yes, you don’t have to worry about the same. Return can be revised within a period of one year from the end of the relevant assessment year or before completion of the assessment whichever is earlier. Get in touch with us to quickly file a revised return.

Which Cities do you provide your services?

compliancemsme.com provides Income Tax Return all across India. You can obtain Income Tax Return in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur or any other cities easily with us.

Still, have confusion?

Don’t worry!! Our expert will help you to choose a best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at support@compliancemsme.com or call us @+91 7909997575.