Income tax return filing
Which return form you file depends on your income sources and status. A salaried person with a single employer and some interest income files a simpler return than a professional, a trader or a business with books to maintain. Capital gains, rental income, foreign assets and partnership income each add disclosure requirements. We choose the correct form, check your Form 26AS and Annual Information Statement against your records, and prepare a computation you can read and approve before anything is filed.
TDS return filing
If you deduct tax on salaries, rent, professional fees, contractor payments or other covered payments, you must deposit the tax on time and file a quarterly TDS return. The quarterly statements follow fixed due dates in the months after each quarter. Mismatches between challans and returns, wrong PANs and late filing are the usual reasons for notices and late fees. We prepare the statements from your payment records, reconcile them with challans, and help you correct defaulters before the return is filed.
What we ask Jaipur clients to prepare
For income tax, keep your PAN and Aadhaar, Form 16 or salary details, bank statements, interest certificates, details of investments and deductions claimed, and records of any property or share transactions. Businesses and professionals should also keep sales and purchase records, bank statements and expense details. For TDS, keep the deduction and payment records, PAN of each payee and the challan details.
Keeping it clean through the year
Returns are much easier when records are tidy before the deadline. Many of our clients keep us on a simple monthly or quarterly routine for bookkeeping, GST and TDS so that the annual income tax return becomes a review rather than a scramble. Tax rules and due dates change, so we confirm the current position each time before filing.
What to keep ready
For an income tax return
- PAN, Aadhaar and bank account details
- Form 16 or salary slips, if salaried
- Interest certificates and bank statements
- Investment, insurance and other deduction proofs
- Details of property, share or mutual fund transactions
For businesses and professionals
- Sales and purchase records
- Bank statements for the year
- Expense details and, where relevant, GST returns
- Loan and capital introduced details
For TDS returns
- Deduction and payment records
- PAN of each payee
- Challan details of tax deposited
- Nature and amount of each payment
How the process works
Collect documents
You share your documents digitally and we confirm what is missing.
Reconcile with government records
We compare your records with Form 26AS and the Annual Information Statement.
Prepare computation
You see the income, deductions and tax payable before anything is filed.
File and verify
The return is filed and e-verified once you approve the figures.
TDS statements
We prepare TDS statements, validate them and file them by the quarterly due date.
Follow up
We help you track refunds and respond to any notices.
Frequently asked questions
Who needs to file an income tax return?
Anyone whose income exceeds the basic exemption limit must file, and some people must file regardless of income, for example when they hold foreign assets or meet certain transaction thresholds. We check your situation before advising.
Which ITR form should I file?
It depends on your type of income and status. Salaried individuals, professionals, traders, firms and companies use different forms, and we pick the right one after reviewing your documents.
What happens if I miss the due date?
You may be able to file a belated or revised return, but a late fee, interest and loss of some benefits can apply. File as early as you can.
What documents do I need for TDS returns?
Deduction records, challan details of tax deposited, PAN of each payee and the nature of each payment.
Can you handle my returns if I am outside Jaipur?
Yes. Income tax and TDS filings are done on national portals, and documents are shared digitally.
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Read moreThis page is general information to help you prepare, not legal, tax or professional advice for your situation. Rules, forms, thresholds and due dates change, so we confirm the current position before we file anything for you. Taxswami Consultants is an independent professional services firm and is not a government body.