Easiest Way of e-filing your Income Tax Return in 2020

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What is ITR

ITR is a structure where the citizens record data about his salary earned and charge material to the annual assessment division. The division has advised 7 different structures for example ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 till date. Each citizen should record his ITR at the very latest the predetermined due date. The appropriateness of ITR structures changes relying upon the wellsprings of pay of the citizen, the measure of the salary earned and the classification the citizen has a place with like people, HUF, organization, and so forth.

Type Of ITR

ITR 1

salaried/Pension Income

Other Income & Interest on Saving account & FD

one house property

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ITR 2

Income from salary

more than one house property

capital gains and income from other sources

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ITR 3

Income from salary, house property

income from business or profession

capital gains and income from other sources

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ITR 4

Income from salary

one house property

other sources

income from business or profession computed under Section 44AD, 44ADA and 44AE

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ITR 5

LLPs

Association of people and Body of Individuals

Cooperative Societies

Artificial Judicial Persons and Local Authorities.

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ITR 6

Companies not claiming

exemption under section11

Every Company irrespective of its structure registered under the Companies Act 2013 or earlier under the Companies Act, 1956

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ITR 7

income from trust, charitable or religious purpose

NGO

School, university, college or other institution

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ITR verification

Bank and financer require Income Tax returns to be verified from income tax website, so we provide certificate of ITR verification by CAs and Notary Public.It authanticate financial documents with Income tax filling.

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Balance Sheet

It is a summary statement of assets and liabilities of business, it determines your profit and loss from business.It shows balance of capital, loans, creditors,fixed assets, stock debtors cash and bank balance.

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Do you know, how Quickly file your Income tax returns in 2020?

We have changed the way people do tax filing in India. We don’t just get your tax return filed within minutes but get you maximum refunds in shortest time.

SHUBHANSHU GUPTA

CTO, EquiTax.co.in

Do you know, how Quickly file your Income tax returns in 2020?

We have changed the way people do tax filing in India. We don’t just get your tax return filed within minutes but get you maximum refunds in shortest time.

SHUBHANSHU GUPTA

CTO, EquiTax.co.in

Do you know, how Quickly file your Income tax returns in 2020?

We have changed the way people do tax filing in India. We don’t just get your tax return filed within minutes but get you maximum refunds in shortest time.

SHUBHANSHU GUPTA

CTO, EquiTax.co.in