ITR-1 Return Filing In Chennai
ITR-1 Return filing services are provided to both individuals and businesses in Chennai by Intellecto Filings. This service covers creating the ITR-1 form, submitting the return, and offering guidance on tax compliance and planning.
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Overview of ITR-1 Return Filing In Chennai
Intellecto Filings offer ITR-1 Return filing in Chennai services to individuals and businesses. This service includes the preparation of the ITR-1 form, filing of the return, and providing advice on tax planning and compliance. It also includes assistance in obtaining refunds, if any, from the Income Tax Department. The professionals provide guidance on understanding the various provisions of the Income Tax Act, 1961, and help in filing the return accurately and timely. They also provide advice on tax planning and compliance to ensure that the taxpayer is able to maximize their tax savings.
Benefits of ITR-1 Return Filing In Chennai
- Time-Saving: Filing your ITR-1 return Filing in online is a much faster process than filing it manually. It takes only a few minutes to complete the entire process, as compared to the hours it would take to fill out the paper form.
- Accuracy: Filing your ITR-1 return Filings in online ensures accuracy as the software automatically checks for errors and omissions. This reduces the chances of making mistakes and helps you avoid any penalties or fines due to incorrect information.
- Convenience: Filing your ITR-1 return Filing in online is much more convenient than filing it manually. You can access the form from anywhere, anytime, and you don’t have to worry about carrying around a paper form or waiting in line at the tax office.
- Security: Filing your ITR-1 return online is much more secure than filing it manually. All of your information is encrypted and stored securely, so you don’t have to worry about anyone accessing your personal data.
- Cost Savings: Filing your ITR-1 return online can save you money in the long run, as you don’t have to pay for postage or other fees associated with filing a paper form.
Checklist for ITR-1 Return Filing in Chennai
- Gather all the necessary documents:
- PAN Card
- Aadhaar Card
- Form 16 or Form 16A
- Bank Account Details
- Investment Proofs (if any)
- Details of any other income (if any)
- Log in to the Income Tax Department’s e-filing portal.
- Select the relevant ITR form (ITR-1) and fill in the required details.
- Upload the necessary documents and submit the form.
- Make the payment for the filing fee, if applicable.
- Verify the return by using an electronic verification code (EVC) or Aadhaar OTP.
Documents Required for ITR-1 Return Filing In Chennai
- PAN Card
- Bank Account Details
- Form 16/16A
- Investment Proofs (if any)
- Salary Slips (if any)
- Rent Receipts (if any)
- Interest Certificates (if any)
- TDS Certificates (if any)
- Other Income Details (if any)
Process for ITR-1 Return Filing in Chennai
- Visit the official website of the Income Tax Department of India.
- Click on the ‘e-Filing’ tab and select ‘Register Yourself’.
- Enter your PAN number and other personal details such as name, date of birth, email address, mobile number, etc.
- Create a username and password for your account.
- Select the ‘ITR-1 Return Filing Service’ option from the list of services available.
- Enter your bank account details and other financial information required for filing your ITR-1 return.
- Upload the necessary documents such as Form 16, salary slips, etc.
- Submit the form and make the payment for the service.
- Once the payment is successful, you will receive an acknowledgement receipt with a unique reference number.
- You can track the status of your ITR-1 return filing service using this reference number.
FAQ
What is ITR-1 Return filing in Chennai?
ITR-1 Return filing is the process of filing an Income Tax Return (ITR) form for individuals who have income from salary, one house property, and other sources (excluding capital gains). It is mandatory for all individuals earning more than Rs. 2.5 lakhs in a financial year to file their ITR.