Free ConsultationIncome Tax Return Filing in India
File your ITR accurately and on time with Pracco. Salaried, business, NRI, and corporate returns. Maximise refunds, minimise tax liability. 100% online. Free consultation.
Income Tax Filing Services
Expert ITR filing for every taxpayer category — salaried, self-employed, business, NRI, and corporate.
ITR for Salaried Individuals
File ITR-1 or ITR-2 for salary income, house property, and capital gains. Claim all deductions under 80C, 80D, HRA exemption, and standard deduction accurately.
Business & Professional Income
ITR-3 and ITR-4 (Presumptive Scheme) for freelancers, consultants, and small businesses. We calculate your taxable income under 44ADA / 44AD where applicable.
Corporate Income Tax
ITR-6 filing for private limited companies, LLPs, and partnerships. We handle MAT computations, advance tax, and TDS reconciliation.
NRI Income Tax Filing
File income tax returns for Non-Resident Indians with Indian income from rent, capital gains, NRO/NRE interest, or business. DTAA benefit claimed wherever applicable.
Capital Gains Tax
Accurate reporting of short-term and long-term capital gains from equity, mutual funds, property, and other assets. Proper computation of indexation benefits.
Tax Planning & Advisory
Proactive tax planning to minimise your tax outgo legally. Investments under 80C, 80D, 80G, ELSS, PPF, NPS, and home loan interest optimised for your income slab.
How ITR Filing Works at Pracco
Simple, transparent, and fully handled by our tax experts — you just share documents.
01
Income Assessment
We review all your income sources — salary, business, rent, capital gains, and other income — to select the correct ITR form.
02
Document Collection
Form 16, AIS/TIS, bank statements, investment proofs, capital gains statements, and rent receipts collected and reviewed.
03
Deduction Optimisation
We identify every eligible deduction and exemption under Sections 80C, 80D, 24(b), HRA, LTA, and more to reduce your tax liability.
04
Tax Computation
We compute taxable income, advance tax paid vs. required, TDS credit, and final tax payable / refund under both old and new tax regimes.
05
Return Preparation
Your ITR is prepared accurately and reviewed before filing — no errors, no notices, no penalties.
06
E-filing & Verification
Filed on the IT portal and e-verified via Aadhaar OTP or net banking. Refund typically processed within 10–45 days.
Frequently Asked Questions — Income Tax Filing
Individuals with gross total income exceeding ₹2.5 lakh per year (₹3 lakh for senior citizens, ₹5 lakh for super senior citizens) must file ITR. Additionally, those with foreign assets, high-value transactions, or professional income must file even if income is below the threshold.
The due date for filing ITR for individuals (non-audit cases) is typically 31st July of the assessment year. For businesses requiring audit, it is 31st October. Late filing is possible with a penalty under Section 234F (up to ₹5,000).
The old tax regime allows deductions and exemptions (80C, HRA, LTA, etc.) and has higher slab rates. The new tax regime has lower slab rates but most deductions and exemptions are not available. The new regime is the default from FY 2023-24 onwards, but you can opt for the old regime while filing your return.
Consequences include: penalty under Section 234F (up to ₹5,000), interest on unpaid tax, loss of carry-forward for capital losses, and potential scrutiny notice from the Income Tax Department.
Yes. If TDS deducted or advance tax paid is more than your actual tax liability, the excess appears as a refund in your ITR. Refunds are typically processed within 10–45 days of e-verification of the return.
Yes. NRIs with Indian-sourced income (salary, rent, capital gains, interest) must file ITR in India. Pracco handles NRI ITR filing remotely — no need to visit India. Double Taxation Avoidance Agreement (DTAA) benefits are claimed wherever applicable.
File Your Income Tax Return Today
Don't miss the deadline. Our CA team files your ITR accurately — maximising refunds and avoiding penalties.
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