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Why it is Important to Hire ITR Filing Consultants to File ITR?

For many individuals & businesses Income Tax Return Filing can be a difficult task. Taxpayers feel stressful about the complexities of tax laws, exemptions, & deductions. It is not just compulsory but also your social responsibility to file the ITR every year. In todayu2019s complex financial landscape, it becomes crucial to hire ITR Filing Consultants to file your ITR hassle-free. In this article we will tell you about the importance of hiring ITR Filing consultants for an efficient filing.<br>

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Why it is Important to Hire ITR Filing Consultants to File ITR?

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  1. Income Tax Return Filing Online for an Income of More Than 50 Lakhs If your income is more than 50 Lakhs, so it can be difficult for you to file Income Tax Return. But we all know that Income Tax Return Filing online is very important especially for such high earners. Here, in this article we will discuss about ITR File for taxpayers with high income. You will get this service at an affordable ITR Filing charges by CA with Legal Pillers.

  2. Claiming Tax Refunds • Financial Responsibility • Avoid Penal Consequences • Easy Loan Approval • Supports Financial Planning • Legal Safeguard • Avoid Inspection • Smooth Financial Transactions • Importance of Income Tax Return Filing Online

  3. ITR Form for Income Tax Return Filing Online for High Income Earners • Individuals & HUFs i.e. Hindu Undivided Family with an annual income of more than 50 Lakhs and does not have the income from business or profession must have to file ITR 2. • On the other hand, if individuals & HUFs i.e. Hindu Undivided Family have an income of more than 50 Lakhs from the business or profession, then they need to file ITR 3. To understand this you seek the guidance of CA for ITR Filing. You can also connect with Legal Pillers to get an affordable ITR Filing fees by CA. • Last Date for Income Tax Return Filing Online • The Income Tax Return Last Date to file ITR 2 & ITR 3 for FY 2023-24 will be 31st July 2024. However, for the taxpayers who have been required to conduct an income tax audit and have business income, ITR Filing last date will be 31st October 2024.

  4. Income Tax Return Filing Online Process for High Income Earners • 01 • STEP 1 • Firstly you have to visit the official website of Income Tax e-filing • Then you have to register yourself (if not been registered yet) or log-in (if already registered) to the website. • 02 • STEP 2 • After that you have to select the option e-file>>Income Tax Returns>>File Income Tax Return • 03 • STEP 3 • 04 • STEP 4 • Then, you have to select the assessment year and mode of filing. • After that, you have to select the status of Income Tax Return Filing among Individual, HUF, or others and ‘Continue’. • 05 • STEP 5 • 06 • STEP 6 Then, you have to choose the correct ITR Form to proceed and then fill the form with all the essential details.

  5. Income Tax Return Filing Online Process for High Income Earners • 07 • STEP 7 • After that, you have to choose the reason of ITR filing. Then, you have to submit and validate the bank account details & other information. • 08 • STEP 8 • After that, your screen will display the tax computation summary as per your given information. • 09 • STEP 9 • The most crucial step of filing ITR is e-verification via Aadhaar OTP, Net banking, EVC i.e. Electronic Verification Code or by sending a physical copy of ITR to CPC Bengaluru. • 10 • STEP 10 • 11 • STEP 11 • At last, you have to click on the ‘Submit’ button to submit your ITR.

  6. CONCLUSION • Income Tax Return Filing Online is must for you if your annual income is more than 50 Lakhs. You can make sure about a smooth & precise filing process by following the above mentioned above step-by-step guide. For hassle-free filing, you can seek the expertise of professionals like Legal Pillers. You can get this service at the best competitive CA Fees for ITR Filing. Connect with us right now.

  7. THANK YOU! • +91 9267941961 • hwww.legalpillers.com • Legal Pillers • C-49, near Bikaner, • East Krishna Nagar, Krishna Nagar, • Delhi, 110051

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