Income tax return filing is mandatory for individuals with income above the basic exemption limit and all companies and firms. Kyra Tax ensures accurate filing of all ITR forms with proper tax planning to minimise your liability legally.
Key Benefits
Avoid Rs.5,000 penalty for late filing
Carry forward losses to future years
Required for visa applications and bank loans
Claim refund of TDS deducted in excess
Tax planning to reduce legitimate tax liability
Respond to income tax notices with proper ITR on record
Documents Required
- Form 16 from employer for salaried persons
- Bank statements and interest certificates
- Investment proofs - 80C, 80D, 80G
- Capital gain statements from broker
- Rental income documents
- Business profit and loss account
Our Process
Frequently Asked Questions
What is the due date?
For individuals not liable to audit: July 31. For businesses liable to audit: October 31.
What if I missed the deadline?
Belated return can be filed by December 31 of the assessment year with late fee of Rs.5,000 (Rs.1,000 if income below Rs.5 lakhs).
Can I revise a filed ITR?
Yes. A filed ITR can be revised until December 31 of the assessment year.
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