IT return is Mandatory in the following situations:
Your gross total income (before allowing any deductions exceeds Rs 2.5 lakhs in FY . This limit is Rs 3 lakh for senior citizens (aged above 60 but less than 80) or Rs 5 lakhs for super senior citizens (aged above 80).
You want to claim an income tax refund
You want to carry forward a loss under a head of income.
Proof of return filing may also be required at the time of applying for a loan or a visa
Documents
Documents Required For Income Tax Filing
PAN Card
Aadhar card
Form 16 for Salaried persons
Tax saving investment details ( like HRA, Children School Fees, LIC Premium, Housing loan interest, Medical insurance)
Details of any other income not included in Form 16 ( Like Interest on FD, Rental Income, Sale of property etc)
Bank Account Number & IFSC
Documents Required Claiming Expense Deduction
Submission of required Documents to WTC Teamthrough E-mail
Our dedicated professional would review & start working on it
Our Team will Send you Draft Tax Computation through email
Only after your Discussion & confirmation, we will e- file Income Tax return
Complete Income Tax deliverables including Tax compuation will be sent to your E-mail for your records