Income Tax Filing & Advisory Services in India - FAQs
Any individual, HUF, firm, LLP, or company whose income exceeds the basic exemption limit prescribed under the Income Tax Act must file an ITR. Even if your income is below the threshold, filing a return is often beneficial for loans, visas, and financial proof.
The type of ITR depends on your income source and category:
- ITR 1: Salary/pension income
- ITR 2: Capital gains, property income, foreign assets
- ITR 3: Business/professional income
- ITR 4: Presumptive income scheme
- ITR 5, 6 & 7: For LLPs, companies, and trusts
Our experts at North West Consultancy will help you choose the correct form.
Some common documents include:
- PAN card & Aadhaar card
- Form 16 (for salaried individuals)
- Bank account details
- Investment proofs (for tax savings)
- TDS certificates & interest statements
- Property/capital gains details (if applicable)
Yes, if you file an incorrect return, you can revise it before the end of the relevant assessment year. At NWC, we assist in correcting and refiling revised ITRs to avoid penalties or notices.
- Individuals & HUFs (not subject to audit): 31st July
- Businesses subject to audit: 31st October
- Transfer pricing cases: 30th November
(Deadlines may be extended by the government, but timely filing helps avoid interest and penalties.)
We provide end-to-end income tax filing and advisory services — from selecting the right ITR form and tax planning to responding to notices and representing clients before authorities. Our expertise, technology-driven approach, and 100+ satisfied clients make us a trusted partner for individuals and businesses.