CA Services
Income Tax Filing in Hyderabad
Professional income tax return filing services in Hyderabad. LFS Loans CA team helps salaried individuals, freelancers, and businesses file ITR accurately and on time.
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Chat on WhatsAppWho Needs to File Income Tax Return?
Under the Income Tax Act, the following individuals and entities must file ITR if their gross income exceeds the basic exemption limit:
- Individuals below 60 years: Gross income exceeding ₹2.5 lakh (old regime) or ₹3 lakh (new regime)
- Senior citizens (60-80 years): Gross income exceeding ₹3 lakh
- Super senior citizens (80+ years): Gross income exceeding ₹5 lakh
- Companies and firms: Must file ITR regardless of income
- NRI with Indian income: If they have taxable income in India
Even if your income is below the exemption limit, filing ITR is beneficial for loan applications, visa processing, and claiming refunds.
Types of ITR Forms
| ITR Form | Who Should File |
|---|---|
| ITR-1 (Sahaj) | Salaried individuals with income up to ₹50 lakh from salary, one house property, and other sources |
| ITR-2 | Individuals/HUFs with capital gains, multiple house properties, foreign income, or directorship |
| ITR-3 | Individuals/HUFs having income from business or profession |
| ITR-4 (Sugam) | Individuals/HUFs/firms opting for presumptive taxation scheme (Section 44AD/44ADA) |
| ITR-5 | Firms, LLPs, AOPs, BOIs |
| ITR-6 | Companies (except those claiming exemption under Section 11) |
| ITR-7 | Trusts, political parties, educational institutions |
Documents Needed for ITR Filing
- PAN card and Aadhaar card (linked)
- Form 16 (for salaried individuals)
- Form 16A (for TDS on income other than salary)
- Form 26AS (tax credit statement)
- AIS (Annual Information Statement)
- Bank statements (all accounts)
- Interest certificates from banks/post office
- Capital gains statement (if shares/mutual funds sold)
- Rent receipts (if claiming HRA)
- Investment proofs for deductions (80C, 80D, etc.)
- Home loan interest certificate (if applicable)
Our ITR Filing Process
- Step 1: Share your documents (Form 16, bank statements, investment proofs) with our CA team
- Step 2: Our CA reviews your income, deductions, and applicable tax regime (old vs new)
- Step 3: We compute your tax liability and identify all eligible deductions
- Step 4: We prepare and file your ITR on the income tax portal
- Step 5: E-verification of your return and confirmation shared with you
Fees
| Service | Fees (Starting) |
|---|---|
| ITR-1 (Salaried) | ₹999 |
| ITR-2 (Capital gains, multiple properties) | ₹1,999 |
| ITR-3 (Business income) | ₹3,999 |
| ITR-4 (Presumptive taxation) | ₹1,499 |
| Tax planning consultation | ₹2,999 |
Fees may vary based on complexity. Contact us for a custom quote.
Direct expert consultation
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