Filing your Income Tax Return (ITR) does not necessarily have to be complicated or stressful. Now that the 2025 deadline is near, it's time to sort it out. Whether you're a business owner, freelancer, or salaried employee, getting it right can help you avoid being penalised and being in good books with the tax department.
Step-by-step Guide for ITR (Income Tax Return) Filing
Select the Right ITR Form
The very first step is choosing the correct ITR form based on your type of income:
- ITR-1: For salaried individuals with up to ₹50 lakh of income
- ITR-3: Suitable for professionals and business owners
- ITR-4: For taxpayers under the presumptive income scheme
Choosing the right form assures your return will not be rejected and speeds up processing.
Documents Required for ITR Filing
Prior to starting to file, have everything in place:
- PAN cards and Aadhaar cards
- Form 16 (if you're salaried)
- Form 26AS (For details of TDS)
- Evidence of tax-saving investments
- Bank statements and income details if you're self-employed or have a business
Having such records at your disposal streamlines and speeds up the entire process.
Clear Any Pending Taxes
If you have to pay some tax after adjusting TDS, pay it in advance while filing your return. It can be paid very easily through the online portal. Keep a copy of challan with you after making payment.
File It Online with Simplicity
Visit the portal of income tax e-filing, upload your details, and submit your return. For making sure that everything is in place and you don’t miss out on your deductions, you can also avail the assistance of a professional income tax return filing service in Gujarat. It’s a good option to avoid errors and save time.
Missed the Deadline?
You can still file a delayed return by December 31, 2025. Just note that a penalty of up to ₹10,000 can be levied. Ignoring it altogether can lead to a notice by the Income Tax Department.
Final Thoughts
Filing your ITR on time is good for your financial health. Get your documents sorted out, have your papers in hand, and if needed, get professional help with a trusted Income Tax Return filing service in Gujarat. Aeldra Consultancy ensures a smooth and hassle-free filing process, making tax season stress-free for you.
