Easy Guide to Filing an Income Tax Return (ITR) in India with Lawsimpl.AI

Steps to File Your ITR

1. Determine Your ITR Form
   Identify the correct form based on your income:

   • ITR-1: Income from salary, one house property, and other sources.
   • ITR-2: For individuals and HUFs without business/profession income.
   • ITR-3: For individuals and HUFs with business/profession income.

2. Gather Documents
   Ensure you have:

   • PAN card
   • Form 16 (if salaried)
   • Bank statements
   • Investment proofs (e.g., 80C deductions)
   • Previous year’s ITR (if applicable)

3. Register on the Income Tax Portal
   Sign up on the Income Tax Department e-filing portal if you’re a first-time user.

4. Fill in the ITR Form
   Log in, select the appropriate ITR form, and fill in details accurately.

5. Verify Details
   Double-check personal information, income, deductions, and tax paid.

6. Submit the ITR
   Submit your form electronically and note the acknowledgment number.

7. E-Verify Your ITR
   Complete e-verification via Aadhaar OTP, net banking, or send a signed ITR-V to CPC within 120 days.

8. Keep a Copy
   Save the filed ITR and acknowledgment for your records.

Note: File before the due date to avoid penalties.

How Lawsimpl.AI Can Help

Lawsimpl.AI simplifies the ITR filing process by offering:

• ITR Form Guidance: Helps identify the correct form for your income type.
• Document Checklist: Ensures you have all necessary documents ready.
• Step-by-Step Instructions: Clear guidance for every step, including e-verification.
• Tax Deductions Explained: Maximizes benefits with clarity on deductions and exemptions.
• Tax Law Updates: Keeps you informed on recent tax law changes and procedures.
• Error Avoidance Tips: Highlights common filing mistakes to reduce rejection risk.
• E-Filing Support: Provides troubleshooting tips for smooth filing.

Streamline your ITR filing with Lawsimpl.AI and ensure accuracy and compliance!