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WHAT IS INCOME TAX RETURN

Legal HANS is a webportal of e-filling your Income tax return. An Income Tax Return is a way of income earned to calculate tax liability and payment or refund of taxes. Thus, the purpose of filing the return is to report our income and taxes paid thereon to the government.

  • You can fill the ITR at any time.
  • As private limited companies are not traded publicly, regulatory requirements placed on them are fewer than on public companies.
  • e-filing is mandatory For LLPs or persons required to file return in ITR-3, ITR-4 or ITR-5.

WHO ALL NEED INCOME TAX RETURN?

Most people are unaware who must and who must not file ITRs. People believe that having proof of payment of tax is enough to meet tax obligations. Well, the law says different! The Income Tax Act, 1961 makes return filing compulsory for anyone under the following circumstances:

  • You are less than 60 years old and you earn more than Rupees 2,50,000 (irrespective of your gender (for the FY 2017-18).
  • You are a senior citizen (above the age of 60years but below the age of 80 years) and earn more than Rupees 3,00,000.
  • If total income is more than 5 lakhs or you have claimed any income tax refund then you are required to e-file your taxes. (Not applicable in the case of super senior citizens).
  • Person who is required to get audited his financial statements under income tax act.
  • A person can also file ITR voluntarily.

TYPES OF INCOME TAX RETURN TO FILE?

There are different Types of income tax return forms to be filled by individuals or business enterprises depending upon the source of income earned.

  • ITR 1: For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh.
  • ITR 2: For Individuals and HUFs not having income from profits and gains of business or profession.
  • ITR 3: For individuals and HUFs having income from profits and gains of business or profession.
  • ITR 4: For presumptive income from Business & Profession.
  • ITR 5 : For persons other than:- (i) Individual, (ii) HUF, (iii) Company and (iv) Person filing Form ITR-7.
  • ITR 6: For Companies other than companies claiming exemption under section 11
  • ITR 7: For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)

Process to apply Income tax return

DOCUMENTS REQUIRED FOR INCOME TAX RETURN

  • PAN and Aadhar Card
  • Form 16/16A
  • Copy of Bank Statement or Passbook
  • Passport size Photos of both Directors or Partners
  • Books of Account
  • GST Returns of the relevant period
  • Other relevant documents as per the requirement

Why Choose Us

Accurate & Secure

Legal HANS secure your efilling portal data.Our servers are locked down and guarded.Legal HANS use the 100% encryption and keep the automatically backup of your valuable data.

Save Your Time

While many tax sites get slow and make procedures like e-filing cumbersome, Time is precious and the outcome in needed so the Legal HANS is here to provide the results as quick as possible.

Live Tax Support

Legal HANS provide the 24 hours live tax support. Our help tips & free live chat facility at all the points where you might get stuck, helps you file your taxes with confidence.

At Your Convenience

Get your taxes done from anywhere at anytime. Seamlessly switch between any device and securely pick up right where you left off when it's convenient for you.