Compliance Services

Income Tax Return

Income Tax Return (ITR) filing is mandatory for individuals and businesses earning above the basic exemption limit. Timely filing avoids penalties, enables loan/visa processing, and allows you to carry forward losses. Biswa Corporate Solutions provides expert ITR filing for individuals, salaried employees, and businesses.

Quick Info

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Service

Income Tax Return

Processing Time

1–3 Working Days

Starting Price

Starting ₹1,499

Ideal for:

Salaried EmployeesFreelancersBusiness OwnersInvestors

Key Benefits

Why you need Income Tax Return

Avoid penalties up to ₹10,000 or more
Carry forward business losses
Required for loan and visa applications
Income proof for financial transactions
Claim TDS refunds
Tax planning and savings optimization

Step-by-Step Process

How Biswa Corporate Solutions handles your Income Tax Return

1

Income Assessment

Assess all income sources: salary, business, capital gains, other sources.

2

Document Collection

Gather Form 16, bank statements, and investment proofs.

3

ITR Form Selection

Select correct ITR form (ITR-1 to ITR-7) based on income type.

4

Tax Calculation

Calculate tax liability after all deductions and exemptions.

5

Filing & Verification

File ITR on income tax portal and e-verify within 30 days.

Documents Required

Keep these ready before applying

PAN Card & Aadhaar
Form 16 (for salaried)
Bank interest statements
Investment proofs (80C, 80D, etc.)
Capital gains statements
Business income details (P&L, Balance Sheet)

Frequently Asked Questions

Common questions about Income Tax Return

What is the ITR filing due date?

For individuals (non-audit cases): July 31. For businesses requiring audit: October 31. For transfer pricing cases: November 30.

What is the penalty for not filing ITR?

Late filing fee under Section 234F: ₹5,000 if filed before December 31, ₹10,000 after that. However, for income up to ₹5 lakh, maximum fee is ₹1,000.

Which ITR form should I use?

ITR-1 (Sahaj): Salaried with income up to ₹50 lakh. ITR-2: Capital gains, multiple properties. ITR-3: Business income. ITR-4: Presumptive taxation. Our team selects the right form for you.

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