Income Tax Return

TaxDost: ITR-1 Filing Services

About TaxDost: TaxDost is a leading provider of tax and compliance services, committed to simplifying the tax filing process for individuals and businesses. Our team of experienced professionals offers comprehensive ITR-1 filing services, ensuring accurate and timely submission of your income tax return. We aim to make the tax filing process hassle-free, allowing you to focus on your financial planning and goals.

ITR-1 Filing Services: Income Tax Return (ITR) Form 1, also known as Sahaj, is for individuals with income up to ₹50 lakh from salary, one house property, other sources (such as interest), and agricultural income up to ₹5,000. TaxDost provides end-to-end assistance in filing your ITR-1, ensuring compliance with the latest tax regulations and maximizing your eligible deductions.

Who Can File ITR-1:

• Individuals: Resident individuals with a total income of up to ₹50 lakh.
• Income Sources:
  • Salary or pension
  • One house property (excluding cases where loss is carried forward)
  • Other sources (interest income, family pension, etc.)
  • Agricultural income up to ₹5,000

Who Cannot File ITR-1:

• Individuals with income exceeding ₹50 lakh
• Non-residents and not ordinarily residents (RNOR)
• Individuals with more than one house property
• Income from winnings from lottery or racehorses
• Income taxable under the head "capital gains"
• Income from business or profession
• Agricultural income exceeding ₹5,000

Required Documents for ITR-1 Filing: To facilitate a smooth and accurate filing process

, TaxDost requires the following documents from clients:

1. PAN Card: A copy of your Permanent Account Number (PAN) card.
2. Aadhaar Card: A copy of your Aadhaar card.
3. Form 16: Issued by your employer, this form details your salary income and tax deductions.
4. Form 16A/16B/16C: If applicable, these forms are for TDS on income other than salary, TDS on sale of property, and TDS on rent, respectively.
5. Salary Slips: Monthly salary slips from your employer for the financial year.
6. Bank Statements: Statements of all your bank accounts, showing interest earned.
7. Investment Proofs: Documents for investments eligible for tax deductions under Section 80C, 80D, etc., such as LIC, PPF, NSC, ELSS, medical insurance, etc.
8. Home Loan Statement: If applicable, the interest certificate from the bank or financial institution for claiming deductions on home loan interest.
9. Rental Agreement and Rent Receipts: If you are claiming House Rent Allowance (HRA) exemption.
10. Interest Certificates: From banks and post offices for interest earned on savings accounts and fixed deposits.
11. Form 26AS: A consolidated tax statement available on the income tax department's website, which shows the amount of tax deducted and deposited with the government.
12. Agricultural Income Proof: If you have agricultural income, provide proof of income up to ₹5,000.
13. Other Income Proof: Documents related to any other sources of income, such as family pension, etc.

How TaxDost Can Help:

• Consultation: Expert advice on the documentation and eligibility for deductions and exemptions.
• Document Collection and Verification: Assistance in gathering and verifying all necessary documents.
• Accurate Filing: Ensuring accurate data entry and computation of your tax liability.
• Maximizing Deductions: Identifying all possible deductions and exemptions to minimize your tax liability.
• Timely Submission: Ensuring your ITR is filed well before the due date to avoid penalties.
• Post-Filing Support: Assistance with any queries or issues that may arise after filing, including responses to notices from the Income Tax Department.

With TaxDost, you can be assured of a seamless and accurate ITR-1 filing experience. Our commitment to professionalism and attention to detail ensures that your tax return is in full compliance with the latest regulations, maximizing your benefits and minimizing your stress. Trust TaxDost to be your reliable partner in managing your tax obligations efficiently.