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We handle the complete process for your ITR Filing right here in Mumbai (Mazgaon). Get certified quickly and legally with our expert local team.
Professional Fee: ₹599 | Govt Fee: ₹1,000 | Total: ₹1,599 (incl. govt fees)
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An Income Tax Return (ITR) is a statutory form filed with the Income Tax Department of India, wherein taxpayers declare their income, deductions, and tax liabilities for a specific financial year. Filing an ITR is not merely a legal obligation for those earning above the basic exemption limit; it is a critical financial document required for securing bank loans, applying for foreign visas, claiming tax refunds, and carrying forward financial losses. The Indian tax landscape is incredibly dynamic, with continuous amendments to tax slabs, the introduction of the new concessional tax regime, and stringent tracking of high-value transactions via the Annual Information Statement (AIS). Navigating complex income sources—be it salary, house property, business profits, capital gains from crypto or stocks, or foreign assets—requires profound expertise. I-Pro Solutions provides comprehensive, technology-backed ITR filing services. Our tax professionals analyze your financial data, apply every legal deduction available under Chapter VI-A, and ensure your return is filed accurately and on time, shielding you from scrutiny while maximizing your lawful tax savings.
Transparent, all-inclusive – no hidden line items.
Inclusive of professional + estimated govt fee
I-Pro specialist handling, drafting & filing
Statutory fee, passed through at cost
Professional Fee: ₹599 onwards | Govt Fee: ₹1,000 | Total: ₹1,599 (incl. govt fees)
Gather these documents for your Mumbai (Mazgaon) application.
The starting fee of ₹1,599 covers specialist consultation, document preparation, the government filing fee, and tracking until you receive the final certificate. Additional government fees may apply for objections, renewals, or expedited processing.
Turnaround depends on the specifics of your case. Once I-Pro Solutions scopes your requirements, I-Pro Solutions will give you a realistic timeline with milestones.
Most filings require identity proof (PAN/Aadhaar/passport), address proof, business registration documents, and (for IP filings) examples of use. An I-Pro Solutions specialist will send a tailored checklist within 24 hours of starting.
If a filing is rejected due to an error by I-Pro Solutions, I-Pro Solutions will refile at no extra cost and refund the service fee. If the rejection is due to information you provided, I-Pro Solutions will work with you to fix and refile at a discounted fee.
Filing after the July 31st deadline incurs a late fee under Section 234F of up to ₹5,000. However, if your total income is below ₹5 Lakhs, the late fee is restricted to ₹1,000. Additionally, you will be liable to pay penal interest at 1% per month on any outstanding tax liability, and you lose the crucial right to carry forward any financial losses to future years.
The 'better' regime depends entirely on your specific investments. If you claim significant deductions like HRA, ₹1.5 Lakhs under 80C (PPF, ELSS), and ₹2 Lakhs home loan interest, the Old Regime usually saves more tax. If you make few investments, the lower flat rates of the New Regime are generally more beneficial. I-Pro Solutions experts calculate both to give you the definitive answer.
The AIS is a comprehensive statement generated by the Income Tax Department containing details of virtually all your major financial transactions during the year. This includes salary, dividends, interest from savings/FDs, mutual fund purchases/sales, property registrations, and foreign remittances. Your ITR must perfectly match the AIS to avoid scrutiny.
Yes. If the total TDS deducted by your employer, banks, or clients exceeds your actual calculated tax liability for the year, you are legally entitled to a refund. The only way to claim this excess money back from the government is by filing an Income Tax Return and ensuring your bank account is pre-validated on the portal.
Absolutely. Income from Virtual Digital Assets (VDAs) or cryptocurrencies is taxed at a flat rate of 30%, plus applicable surcharge and cess. Furthermore, you cannot offset crypto losses against any other income, nor can you offset losses from one crypto against gains from another. Accurate reporting in Schedule VDA is strictly mandatory.
If you discover an omission or error (like forgetting to declare bank interest) after filing, you are permitted by law to file a 'Revised Return' under Section 139(5). This revised return can be filed anytime before December 31st of the relevant Assessment Year, or before the completion of the assessment, whichever is earlier.
No, the entire ITR filing process is completely paperless. You do not need to attach any physical bills, receipts, or Form 16s with your return. However, you are legally required to securely maintain these documents for a period of up to 7 years, in case your case is selected for detailed scrutiny by an assessing officer.
If your estimated total tax liability for the year (after reducing TDS) exceeds ₹10,000, you are legally required to pay Advance Tax in four installments (June, Sept, Dec, March) during the financial year itself. Failure to pay Advance Tax attracts penal interest under Sections 234B and 234C. Senior citizens without business income are exempt from this.
Yes. If you file your return under ITR-3, you can deduct all expenses incurred wholly and exclusively for your freelance profession from your gross receipts. This includes internet bills, software subscriptions, co-working space rent, and depreciation on assets like laptops and mobile phones, thereby significantly reducing your taxable profit.
Once you successfully e-verify your return, the department processes it via their automated CPC systems. If there are no discrepancies, refunds are typically credited to your pre-validated bank account within 15 to 45 days. Returns filed early in the season often see faster processing times.
Yes, it is strictly mandatory. If your PAN is not linked to your Aadhaar, your PAN becomes 'inoperative'. An inoperative PAN means you cannot file your ITR, pending refunds will not be issued, and TDS will be deducted at the highest penalty rate (usually 20%).
Yes, you can claim House Rent Allowance (HRA) exemption even if you live with your parents, provided the property is legally owned by them, and you actually transfer rent to their bank account every month. Your parents must then declare this rental income in their respective income tax returns.
An Intimation under Section 143(1) is an automated system-generated notice you receive after your return is processed. It compares the data you filed with the department's computations. It will inform you whether your return is accepted as is, if there is an additional tax demand due to an arithmetic error, or if your refund has been approved.
Foreign ESOPs are taxed twice: first as 'perquisite' (Salary) when they are allotted to you, and secondly as 'Capital Gains' when you eventually sell the shares. Crucially, holding these shares makes it mandatory for you to file ITR-2 or ITR-3 and explicitly declare them under the 'Schedule FA' (Foreign Assets) to avoid draconian penalties.
Free portals merely push your data into government forms. I-Pro Solutions provides expert human analysis. I-Pro Solutions cross-verify your data against the AIS to prevent notices, proactively search for missed tax-saving deductions, advise on optimal regime selection, and provide year-round support in case of departmental scrutiny, ensuring maximum savings and zero compliance risk.