ITR Filing in Amravati
Income Tax Return (ITR) is the form in which assessee files information about there Income and tax to the Income Tax Department.
Variety of forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. The applicability of ITR forms varies and depending on the sources of income of the taxpayer(assessee), the amount of the income earned and to which category the taxpayer (like individuals, HUF, company, etc)belongs.
The Income Tax Act, 1961, and the Income Tax Rules, 1962, obligates assessee to file returns with the Income Tax Department at the end of every financial year. These returns should be filed before the specified due dates.
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Income Tax Return Filing in Amravati, Maharashtra
With CA Sophia Stark & Co– Simplifying Tax Compliance for You
Filing an Income Tax Return (ITR) is not just a legal requirement — it is a step towards financial responsibility, building credibility, and unlocking long-term benefits. At CA Sophia Stark & Co, Amravati, we make ITR filing seamless, ensuring compliance with the Income Tax Act while maximizing your financial advantages.
Who Needs to File an Income Tax Return?
It is mandatory to file an ITR in India if you fall under any of these conditions:
Your gross total income exceeds the basic exemption limit:
Below 60 years → ₹2.5 Lakh
60–80 years → ₹3 Lakh
Above 80 years → ₹5 Lakh
You earn from multiple sources (salary, house property, capital gains, etc.)
To claim an income tax refund
If you own or invested in foreign assets
For visa applications or loan approvals
If you are a company or a firm (ITR filing is mandatory regardless of profit/loss)
Types of ITR Forms & Their Applicability
ITR-1 (Sahaj)
For resident individuals with income from:
Salary or pension
One house property
Other sources (excluding lottery & racehorse winnings)
Agricultural income up to ₹5,000
Not applicable if: Income > ₹50 lakhs, multiple house properties, capital gains, business income, directorship, or foreign assets.
📝 ITR-2
For individuals/HUFs with income from:
Salary, house property, other sources (including lottery/racehorses)
Capital gains
Agricultural income above ₹5,000
Foreign assets/income
Not for: Those earning from business/profession.
📝ITR-3
For individuals/HUFs with business or professional income. May also include salary, house property, and other sources.
📝 ITR-4 (Sugam)
For residents (Individuals, HUFs, Firms other than LLPs) with income from:
Business/profession under presumptive taxation scheme (Sec 44AD, 44ADA, 44AE).
Not applicable if: Income > ₹50 lakhs, foreign assets, more than one house property, or if you are a director in a company.
📝 ITR-5, ITR-6, ITR-7
ITR-5: Firms, LLPs, AOPs, BOIs, estates, trusts, etc.
ITR-6: Companies (except those claiming exemption under Sec 11).
ITR-7: Charitable trusts, political parties, research institutions, universities, and business trusts.
Documents Required for ITR Filing
To file your ITR smoothly in Amravati, keep these ready:
Form 16 (TDS certificate from employer)
Salary Slips
Form 26AS (tax credit statement)
Form 16A (TDS on other income like FD interest, rent, commission, etc.)
PAN Card & Aadhaar Card
Capital Gain Statements (if applicable)
Bank account details
Investment proofs for deductions (LIC, PPF, ELSS, etc.)
Step-by-Step ITR Filing Process
1. Calculate Taxable Income
Compile income from all sources and apply deductions/exemptions.
2. Collect TDS & Tax Payment Details
Cross-check with Form 26AS.
3. Choose the Right ITR Form
Based on your income type and eligibility.
4. E-Filing
Log in to the Income Tax E-Filing Portal, fill details, validate, and upload your return.
5. Verification
Verify via Aadhaar OTP, EVC, or by sending signed ITR-V to CPC, Bengaluru.
Why File Your ITR in Amravati with Us?
Filing ITR is not just compliance — it offers multiple benefits:
✅ Easy Loan & Visa Approvals
✅ Claim Your Refunds
✅ Proof of Income & Address
✅ Carry Forward Losses (if filed on time)
✅ Avoid Penalties (up to ₹5,000 for late filing)
Why Choose CA Sophia Stark & Co, Amravati?
✔ Expert Guidance – Accurate filing as per the latest tax laws
✔ Personalized Advisory – Right ITR form selection for your case
✔ End-to-End Assistance – From document collection to verification
✔ Time-Saving & Stress-Free – We handle compliance, you focus on growth
At CA Sophia Stark & Co, we believe tax filing should be simple, transparent, and rewarding. Whether you are a salaried employee, business owner, or investor, we help you file your return on time and with confidence.