Streamline TDS and TCS returns and payments with Multiuse.

Efficiently Issuing Tax Certificates for Vendors with Multiuse.

File Your Efficient Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) Returns Easily with Multiuse.

Effortlessly Computing Advance Tax with Multiuse.

Expert Solutions for Tax Deducted at Source (TDS) Default Issues with Multiuse.

Streamlining Income Tax Computation and Filing for Individuals, Companies, LLPs, Proprietors, Trusts, and More with Multiuse.

Income Tax Return (ITR)

Multiuse Services provide your individuals and businesses stay compliant with the dynamic Income Tax laws in India. We provide a comprehensive array of services like automated income tax calculations, filing IT returns, and maintaining and validating tax documentation as per the applicable tax regulations.

Multiuse provide Streamline TDS and TCS returns and payments on time.

Efficiently Issuing Tax Certificates for Vendors with Multiuse.

Our Expert File Your Efficient Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) Returns Easily.

Effortlessly Computing Advance Tax with Multiuse

Expert Solutions for Tax Deducted at Source (TDS) Default Issues with Multiuse Services.

Streamlining Income Tax Computation and Filing for Individuals, Companies, LLPs, Proprietors, Trusts, and More with Multiuse.

Income Tax Return (ITR)

An Income Tax Return (ITR) is a form that taxpayers use to report their income details and tax payments to the income tax department. There are seven different ITR forms available for ITR e filing: ITR 1 through ITR 7. The appropriate form for a taxpayer depends on various factors, including their sources of income, the total amount earned, and the type of taxpayer they are (such as individuals, Hindu Undivided Families (HUFs), companies, etc.). Each taxpayer must accurately complete and submit their income tax filing by a specified deadline to comply with tax laws.

Salaried Individuals

If your total income before deductions under Sections 80C to 80U exceeds the basic exemption limit, you are mandated for income tax filing.

Firms

All corporate entities, including private limited companies, LLPs (Limited Liability Partnerships), and traditional partnerships, must file their ITR e filing annually, regardless of profit or loss.

Directors and Partners

Individuals serving as directors in private limited companies or partners in LLPs are required to do income tax filing reflecting their income and financial activities within the company.

Dividend Earners

If you receive dividends from sources such as mutual funds, bonds, equities, fixed deposits, and interest, you need to done the ITR e filing. This Income tax filing ensures that all sources of income are properly reported and taxed if applicable.

Charity and Religious Trusts

Income received from managing charity funds, religious trusts, or voluntary contributions also necessitates the Income tax e filing meant to maintain transparency and adherence to tax laws.

Tax Refunds

Those eligible for tax refunds, including individuals and businesses, should do income tax filing online to claim refunds on taxes previously overpaid.

NRIs and Tech Professionals

Non-resident Indians (NRIs) and technology professionals must complete income tax filing if their income derived from India surpasses the exemption limit or involves specific financial transactions.

Eligibility for Income Tax Filing 

In India, the obligation to do ITR e filing arises under certain conditions. One of the primary criteria for Income tax e filing is when your gross total income exceeds the basic exemption limits, which are age-dependent:

  • Individuals under 60 years: Rs 2.5 lakh
  • Individuals between 60 and 80 years: Rs 3.0 lakh
  • Individuals over 80 years: Rs 5.0 lakh

However, there are other specific circumstances that required for an income tax filing, even if your income is below these thresholds:

High-value Transactions: You are required to do Income tax filing if you have:

  • Deposited Rs 1 crore or more in one or more current bank accounts.
  • Deposited Rs 50 lakh or more in one or more savings bank accounts.
  • Spent over Rs 2 lakh on foreign travel.
  • Incurred electricity expenses exceeding Rs 1 lakh during the financial year.
  • Had TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) exceeding Rs 25,000 (or Rs 50,000 for senior citizens).

Business and Professional Income:

  • Businesses: Mandatory if your total sales, turnover, or gross receipts exceed Rs 60 lakh during the financial year.
  • Professionals: Mandatory if gross receipts exceed Rs 10 lakh during the financial year.