ITR-4 Return Filing In Chennai
Intellecto Filings, based in Chennai, specializes in offering ITR-4 return filing services. Our team of experienced chartered accountants and tax consultants is dedicated to handling tax-related matters efficiently. By availing our service, individuals and businesses can ensure accurate preparation and filing of their ITR-4 returns, adhering to all relevant tax regulations. Intellecto Filings strives to provide reliable assistance, making the process of filing ITR-4 returns in Chennai hassle-free and convenient for taxpayers.
Free Consultation by Expert
Overview of ITR-4 Return Filing in Chennai
ITR-4 return filing in Chennai is a process of filing an income tax return for individuals and Hindu Undivided Families (HUFs) who are engaged in a business or profession. It is applicable for those who have opted for the presumptive taxation scheme under Section 44AD, 44ADA, and 44AE of the Income Tax Act, 1961. The ITR-4 form is divided into two parts: Part A and Part B. Part A consists of basic information such as name, address, PAN number, etc. Part B consists of details related to income and deductions. Income details include income from business or profession, salary, house property, capital gains, other sources, etc. Deductions include deductions under Chapter VI-A such as Section 80C, 80D, 80G, etc.
Benefits of ITR-4 Return Filing in Chennai
- Accuracy: Filing ITR-4 returns with the help of a professional service provider ensures accuracy and eliminates the chances of errors. This helps in avoiding any penalties or notices from the Income Tax Department.
- Time-Saving: Professional ITR-4 return filing in Chennai services save time and effort as they are well-versed with the process and can complete the task quickly.
- Expert Advice: Professional ITR-4 return filing in Chennai services provide expert advice on how to maximize tax savings and deductions. This helps in reducing the tax liability and increasing the refund amount.
- Convenience: Professional ITR-4 return filing in Chennai services provide convenience as they can be accessed online from anywhere and anytime. This eliminates the need to visit a tax consultant or an income tax office.
- Security: Professional ITR-4 return filing services provide secure data storage and encryption of personal information to ensure data safety and privacy.
Checklist for ITR-4 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)
- Calculate your total income: Calculate your total income from salary, house property, business/profession, capital gains, and other sources.
- Calculate your total deductions: Calculate your total deductions under Section 80C, 80D, 80E, and other sections.
- Fill in the ITR-4 form: Fill in the ITR-4 form with all the necessary details such as personal information, income details, deductions, and other relevant information.
- Submit the form: Submit the ITR-4 form along with all the necessary documents to the Income Tax Department.
Documents Required for ITR-4 Return Filing in Chennai
- PAN Card
- Aadhar Card
- Bank Account Details
- Last Year’s ITR-V Acknowledgement
- Last Year’s Income Tax Return
- Form 16/Form 16A
- TDS Certificate (Form 16A)
- Interest Certificates (Form 16B)
- Investment Proofs (Fixed Deposit Receipts, Mutual Fund Statements, etc.)
- Rent Receipts (if applicable)
- Details of Professional Tax Paid (if applicable)
- Details of any other Income (if applicable)
Process for ITR-4 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 personal details such as name, address, PAN number, date of birth, etc.
- Create a username and password for your account.
- Select the type of return you wish to file (ITR-4).
- Upload the necessary documents such as Form 16, bank statements, etc.
- Submit the form and pay the applicable fee.
- Once your registration is complete, you will receive an acknowledgement number which you can use to track the status of your return filing process.