Income Tax Return Filing: What Every Taxpayer Should Know

Every earning individual or business must file Income Tax Returns (ITR) annually. Filing returns on time avoids penalties and ensures financial compliance.

Who Must File ITR?

  • Salaried individuals above basic exemption limits
  • Freelancers and professionals
  • Business owners
  • Companies & partnerships
  • NGOs & trusts

Benefits of Filing ITR

  • Avoid penalties and interest
  • Easy loan and visa processing
  • Claim refunds
  • Build financial credibility

Documents Required

  • PAN card & Aadhaar
  • Bank statements
  • Form-16 / salary slips
  • Business income statements
  • Tax saving investment proofs

ITR Filing Deadline

31st July of the assessment year (for individuals)

How SG FinTax Helps

We handle:

  • Income calculation & deduction claims
  • Online ITR filing
  • Refund processing support
  • Notice & compliance assistance

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