Income Tax Return (ITR) Process for 2025:
Filing your Income Tax Return (ITR) for 2025? Here’s a quick guide to help you stay on top of the process and ensure a smooth filing experience:
Know the Deadlines
– The deadline for filing ITR for FY 2024-25 (AY 2025-26) is **July 31, 2025** for most individuals. Mark your calendar to avoid last-minute stress!
### 2. **Gather Your Documents**
Make sure you have all the necessary documents ready:
– Form 16 (if you’re a salaried individual)
– Bank statements
– Investment proofs (e.g., ELSS, PPF, NPS)
– Rent receipts (if applicable)
– Interest certificates from banks or post offices
– Details of capital gains (if any)
### 3. **Choose the Right ITR Form**
– **ITR-1 (Sahaj):** For salaried individuals with income up to ₹50 lakh from salary, one house property, and other sources.
– **ITR-2:** For individuals with income from capital gains, foreign assets, or more than one house property.
– **ITR-3:** For business owners or professionals.
– **ITR-4 (Sugam):** For presumptive income under sections 44AD, 44ADA, or 44AE.
Ensure you select the correct form to avoid errors.
### 4. **Claim Your Deductions**
Don’t forget to claim deductions under:
– **Section 80C:** Up to ₹1.5 lakh (e.g., EPF, PPF, life insurance premiums)
– **Section 80D:** Health insurance premiums
– **Section 24(b):** Home loan interest
– **Section 80CCD(1B):** Additional NPS contribution (up to ₹50,000)
### 5. **E-Filing Made Easy**
– Use the official Income Tax e-Filing portal ([https://incometaxindiaefiling.gov.in](https://incometaxindiaefiling.gov.in)) to file your return.
– Pre-fill your details using the pre-filled XML option to save time.
– Verify your return using Aadhaar OTP, EVC, or by sending a signed ITR-V to CPC Bengaluru.
### 6. **Avoid Common Mistakes**
– Double-check your PAN, bank account details, and tax computation.
– Report all sources of income, including interest from savings accounts.
– Reconcile your Form 26AS/AIS with your income details.
### 7. **Plan for Tax Savings**
– If you haven’t already, consider investing in tax-saving instruments before March 31, 2025, to maximize deductions for FY 2025-26.
### 8. **Seek Professional Help**
If your financial situation is complex (e.g., multiple income sources, foreign assets), consult a tax advisor to ensure compliance.
### 9. **Stay Updated**
Keep an eye on any changes in tax laws or deadlines announced by the government.
Filing your ITR on time not only helps you avoid penalties but also ensures you’re on the right side of the law. Start early, stay organized, and make tax filing a hassle-free experience!
ફોર્મ નં ૧૬ જનરેટ કરવા અને ઈન્કમ ટેકસ ગણતરી કરવા માટે એપ ડાવુનલોડ કરવા માટે અહી ક્લિક કરો
ઇન્કમ ટેક્સ તમામ ગણતરી માટે એપ ડાઉનલોડ કરવા માટે અહી ક્લિક કરો
સરળ સ્ટેપ્સમાં તમારી આવક અને રોકાણની જાણકારી આપો અને જાણો તમારો ઇન્કમટેક્સ કેટલો હશો. બજેટથી ઇન્કમટેક્સ પર શું અસર પડશે અને કયા ટેક્સ રિજીમમાં છે વધારે ફાયદો. એક ક્લિકમાં મેળવો સંપૂર્ણ જાણકારી
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