Income Tax Return (ITR) for Advocates

Dear Readers

Income Tax Return commonly know as ITR is a document which is used by financial organizations. In India mainly to type of taxes (Direct and Indirect) are collected by Govt. of India as well as State / UT governments. Income Tax is a direct tax which is collected by Government of India. A separate department is established which is responsible for collection of Income Tax, called Income Tax Department, controlled by Ministry of Finance.

When a person filed his income tax online / offline a copy of income tax receipt is provided with a unique filing number is called Income Tax Return.

Prerequisite of Income Tax Return  

1. PAN (Permanent Account Number) 
2. AADHAAR / UID (Unique Identification Number) for Individual only 
3. Bank Accounts Statement
4. Valid Mobile & Email
5. Work Details
6. LIC Premium, NPS, NSC other Deposits etc. (if available)

Benefits to Advocate form ITR

• Shows your status / Income in case of Claim
• Essential for Loan
• Essential for APP Application
• Essential for ADJ Application
• Self Satisfaction

How To File

1. Register your PAN on https://www.incometaxindiaefiling.gov.in/ 
2. Login 
3. Link UID / AADHAAR to PAN (only for individual if not added) 
4. Select Appropriate ITR Form (If any problem contact to advocate / CA / TRP etc.)   
5. Fill ITR Form (Basic, Income, Deduction, Bank Account, TDS, TCS, BS, PL, etc. according to your need)
6. Pay Income Tax ( through online / offline mode if required) 
7. Cross check before submitting
8. Submit 
9. Verify using AADHAAR OTP or internet banking or send it to Bangalore for Process. 
10. After competition of processes you will notified by email.  

Note: Last Date for filing ITR with fine is 31 March 2020 for Assessment Year 2019-20