Essential Guide to Income Tax Return Filing in Trichy

Essential Guide to Income Tax Return Filing in Trichy

ncome Tax Return Filing in Trichy – File Your ITR with Auditor Shiva

Filing your Income Tax Return (ITR) isn’t just about ticking off a legal requirement—it’s a smart financial move. Whether you’re a salaried employee, a business owner, or a non-resident earning in India, filing your ITR on time ensures compliance, unlocks benefits, and helps you stay ahead of penalties.

At Auditor Shiva, we simplify the entire income tax return filing process in Trichy, guiding you through the correct ITR form, required documentation, and e-filing—all done accurately and on time.

📄 Documents Required for ITR Filing in Trichy Here

Here’s what you’ll need based on your profession or source of income:

For Salaried Individuals:

  • PAN Card

  • Form 16 from your employer

  • Salary Slips (most recent)

For Business Owners:

  • Business account details

  • Trading and profit/loss statements

Additional Documents (Optional but Recommended):

  • Investment proofs (ELSS, LIC, etc.)

  • Interest income certificates

  • TDS certificates (from banks or employers)

  • Property purchase/sale documents

  • Donation receipts

  • Mutual fund capital gains statements

🔍 Missing even a single document or field can result in ITR rejection. That’s why professional filing with Auditor Shiva ensures peace of mind.

👥 Who Should File an ITR in Trichy?

You must file an income tax return if you fall into one of the following categories:

  • Salaried individuals with income exceeding the basic exemption limit (after deductions)

  • Business owners, freelancers, and self-employed professionals

  • Partners and directors in LLPs and private limited companies

  • People earning from capital gains, mutual funds, fixed deposits, or dividends

  • Individuals receiving income from religious or charitable trusts

  • NRIs with income earned or accrued in India

  • Anyone seeking a tax refund

  • Individuals eligible for government schemes or scholarships

✅ Why File Your ITR in Trichy?

Even if you don’t owe tax, filing your ITR has many advantages:

1. Claim Deductions and Exemptions

Save on taxes legally! Claim benefits under Sections 80C to 80U—including deductions for education loans, medical expenses, investments, housing loans, and more.

2. Get a Tax Refund

If you’ve paid excess tax through TDS or advance tax, filing your ITR is the only way to get it refunded.

3. Build Creditworthiness

ITR documents are a must when applying for home loans, car loans, or visas. Filing regularly builds your financial credibility.

4. Apply for Government Schemes

Income proof from your ITR is often needed for applying to schemes like PM Jan Dhan Yojana (PMJDY), scholarships, subsidies, and more.

5. Avoid Penalties

Late or missed filing can attract penalties up to ₹5,000 and interest on unpaid taxes. Stay compliant and stress-free.

6. Contribute to Nation Building

Taxes fund infrastructure, education, and public healthcare. Filing your ITR is a civic responsibility as much as a legal one.

🧾 Which ITR Form Should You Use?

There are seven types of ITR forms, and choosing the right one depends on your income, profession, and residency status:

Form Who Should File
ITR-1 (Sahaj) Salaried individuals with income up to ₹50L
ITR-2 Income above ₹50L, or from capital gains/property
ITR-3 Income from business, profession, or multiple sources
ITR-4 (Sugam) Presumptive tax scheme under Sec 44ADA/44AE
ITR-5 HUFs, LLPs, Firms (non-company)
ITR-6 Companies (excluding Section 11 entities)
ITR-7 NGOs, political parties, trusts, etc.

📝 Unsure about the right form? Just call Auditor Shiva and we’ll select and file the correct one for you.

⚠️ Penalty for Late ITR Filing in Trichy

Filing after the due date can cost you more than you think:

  • ₹1,000 fine if total income is below ₹5L

  • ₹5,000 fine if income is ₹5L or above

  • 1% monthly interest on unpaid taxes

  • Possible prosecution in severe non-filing cases

Due Date for FY 2023–24 ITR Filing: 📅 31st July 2024

📞 Why Choose Auditor Shiva for ITR Filing in Trichy?

At Auditor Shiva, we handle everything from documentation to submission—ensuring timely and error-free filing.

✅ Accurate form selection
✅ Hassle-free e-filing
✅ Refund claim support
✅ Business and NRI filings
✅ Affordable pricing
✅ Personalized tax consultation


💼 Get Started with Income Tax Return Filing in Trichy Today!

Don’t wait until the last minute. Ensure a smooth, secure, and timely ITR filing with Auditor Shiva.

📍 Serving individuals and businesses across Trichy with expertise and care.
📞 Call us now at +91 92446 23455
🌐 Or visit us for expert assistance with income tax return filing in Trichy

You should file an ITR if:

  • Your income exceeds the basic exemption limit (₹2.5L/₹3L/₹5L depending on age)

  • You run a business, are self-employed, or earn from freelancing

  • You are a partner/director in a firm or company

  • You want to claim a tax refund

  • You’re an NRI with income in India

  • You earned from capital gains, interest, or rental income

  • You want to apply for loans, visas, or government schemes

For salaried individuals:

  • PAN card

  • Form 16

  • Salary slips

For business owners:

  • Business account statement

  • Profit and loss report

  • Trading summary

Other helpful documents:

  • Investment proofs (LIC, ELSS, etc.)

  • TDS certificates

  • Interest income from banks

  • Capital gains/mutual fund statements

  • Donation receipts

ITR FormWho It’s For
ITR-1Salaried individuals (income ≤ ₹50L)
ITR-2Individuals with income > ₹50L or capital gains
ITR-3Income from business or profession
ITR-4Presumptive income scheme (freelancers, small businesses)
ITR-5HUFs, LLPs, Firms
ITR-6Companies (excluding those claiming exemption under Sec 11)
ITR-7Trusts, NGOs, and political parties

👉 Not sure which one applies to you? Auditor Shiva will help you choose and file the right form.

Filing your return helps you:

  • Claim tax refunds

  • Carry forward capital losses

  • Establish credit history (useful for loans and credit cards)

  • Become eligible for scholarships and schemes like PMJDY

  • Avoid penalties for non-compliance

  • Fulfill your civic and financial responsibility

The due date to file ITR for Financial Year 2023–24 is 31st July 2024 (for individuals not requiring audit). Filing after this date may attract penalties.

  • ₹1,000 for individuals with income up to ₹5 lakh

  • ₹5,000 for income above ₹5 lakh

  • 1% interest per month on unpaid tax

  • Additional prosecution charges in serious default cases

Yes. ITR can be filed online through the Income Tax e-filing portal. You can also get expert support from Auditor Shiva to ensure accurate, fast, and hassle-free e-filing.

Yes. NRIs must file an ITR if they earn income in India—such as rent, interest, or capital gains. Auditor Shiva assists with NRI tax filing in Trichy and ensures you comply with Indian tax laws.

Mistakes in ITR forms—like choosing the wrong form or leaving out income—can lead to rejections, notices, or delayed refunds. That’s why it’s best to consult a tax professional like Auditor Shiva to file correctly.

With years of experience and personalized service, we ensure:

  • Correct form selection

  • Timely e-filing

  • Documentation support

  • Refund tracking

  • Business/NRI/LLP filings

  • Affordable pricing

📞 Call now: +91 92446 23455 for expert assistance.