Income Tax Return (ITR) E-Filing Online in Trichy – With Auditor Shiva
Filing your Income Tax Return (ITR) isn’t just about complying with the law—it’s a smart financial habit that unlocks several benefits, from smooth visa approvals to quick loan sanctions. If you’re in Trichy and wondering how to e-file your income tax return easily and correctly, Auditor Shiva is here to make the entire process seamless.
What is an Income Tax Return (ITR)?
An Income Tax Return is a form submitted to the Income Tax Department to report your income, deductions, taxes paid, and any tax refund claim. These returns are filed using forms such as ITR-1 to ITR-7, depending on your income type, taxpayer category, and financial activity.
Who Should File ITR?
Whether you’re salaried or running a business, here’s who needs to file an ITR in India:
Salaried Individuals: Income exceeds the basic exemption limit.
Businesses & Professionals: Filing is mandatory regardless of profit/loss.
Partners/Directors: If you’re a director or partner in a firm.
Dividend or Interest Earners: Including income from FDs, mutual funds, etc.
Charitable Trusts & Religious Institutions.
NRIs & Tech Professionals: Earning income from or in India.
Individuals Seeking Refunds or who’ve had TDS/TCS deducted.
Basic Exemption Limits (FY 2023-24)
| Age Group | Exemption Limit |
|---|
| Below 60 years | ₹2.5 lakhs |
| 60 to 80 years | ₹3.0 lakhs |
| 80+ years | ₹5.0 lakhs |
Additional conditions like high-value transactions, TDS deductions, or foreign travel can also make ITR filing mandatory—even if your income is below these thresholds.
Types of ITR Forms
| ITR Form | Who Should Use It |
|---|
| ITR-1 | Salaried individuals with income up to ₹50 lakhs from one house property |
| ITR-2 | Individuals with capital gains, foreign income, or more than one property |
| ITR-3 | Business owners or professionals |
| ITR-4 | Presumptive income scheme participants (turnover up to ₹2 cr for business / ₹50L for profession) |
| ITR-5 | Partnerships, LLPs, and associations |
| ITR-6 | Companies other than those claiming exemption under section 11 |
| ITR-7 | Trusts, NGOs, political parties, educational institutions, etc. |
Not sure which one applies to you? Auditor Shiva can help you choose the right form.
ITR Filing Due Dates (AY 2024-25)
Individuals/Non-Audit Cases: July 31, 2024
Businesses Requiring Audit: October 31, 2024
Transfer Pricing Cases: November 30, 2024
Belated/Revised Returns: December 31, 2024
Avoid penalties by filing early—late ITR filing can attract fines up to ₹5,000.
Benefits of E-Filing ITR Online in Trichy
✔️ Claim refunds faster
✔️ Carry forward capital losses
✔️ Required for loan/visa applications
✔️ Acts as proof of income & financial health
✔️ Avoid penalties and interest
✔️ Eligible for government subsidies and schemes
Documents Required for ITR E-Filing in Trichy
General:
PAN Card & Aadhaar (linked)
Bank Account Details
Income Proofs:
Salary Slips, Form 16
Form 26AS (Tax Credit Statement)
Interest Certificates (FD, savings)
Capital Gains documents
Rent Receipts (for HRA)
Investment Proofs (PPF, LIC, ELSS)
Loan/Tax Saving:
Home Loan Interest Certificate
Donations, Tuition Fees, etc.
How to E-File Income Tax Return Online in Trichy
Online Method (Quick & Easy):
Log in to https://www.incometax.gov.in
Go to: e-File → File Income Tax Return
Choose: AY 2024–25 → Individual → Online
Select correct ITR form (e.g., ITR-1 for salaried)
Fill & review pre-filled details
Make tax payment if due
E-verify return via Aadhaar OTP or net banking
Offline to Online (For Advanced Filers):
Download ITR utility from income tax portal
Fill form → Generate XML → Upload to portal
E-verify your return
Still confused? Leave it to Auditor Shiva’s expert ITR e-filing services in Trichy for hassle-free submission.
Missed the Deadline? Here’s What You Can Do:
Belated Filing: Allowed till December 31, 2024 (with late fee)
Updated Return (ITR-U): Revise within 2 years, but subject to additional taxes
File Today to Avoid: ₹1,000–₹5,000 late fee + 1% monthly interest on unpaid tax
Common Mistakes in ITR Filing
❌ Wrong ITR Form
❌ Incorrect PAN or Bank Details
❌ Missing Sources of Income (like capital gains)
❌ Forgetting to e-verify the return
❌ Ignoring eligible deductions under 80C, 80D, etc.
Why Choose Auditor Shiva for ITR E-Filing in Trichy?
👨💼 Expert Chartered Accountants
🚀 Fast & Accurate Filing
🔐 Data Privacy & Secure Handling
💬 Friendly Local Support
💰 Maximum Refund, Minimum Hassle
An ITR is a form where taxpayers report their income, tax payments, and deductions to the Income Tax Department. Filing it ensures you comply with tax laws and claim refunds if any taxes were overpaid.
Anyone whose income exceeds the basic exemption limit (₹2.5 lakh for individuals under 60) or who has high-value financial transactions, foreign income, business income, or TDS deductions must file an ITR—even if their income is below the threshold.
E-filing your ITR:
Helps claim tax refunds faster
Acts as legal proof of income
Is needed for loans and visa applications
Lets you carry forward business losses
Helps avoid penalties for late filing
The due date is July 31, 2024 for most individuals. For businesses requiring audit, it’s October 31, 2024. Late or belated returns can be filed till December 31, 2024, but with penalties.
It depends on your income type:
ITR-1: Salaried individuals with income up to ₹50L
ITR-2: Individuals with capital gains or foreign income
ITR-3: Business or professional income
ITR-4: Presumptive income scheme users
ITR-5 to ITR-7: For partnerships, companies, and trusts
Auditor Shiva will guide you to select the correct form.
PAN & Aadhaar (linked)
Bank account details
Salary slips, Form 16, Form 26AS
Investment and deduction proofs
Loan and rent receipts
Capital gains or foreign income records (if applicable)
You can file through the Income Tax e-filing portal:
Log in using PAN
Choose the correct ITR form
Enter income details, deductions, and taxes
Submit and e-verify
Or just contact Auditor Shiva for complete assistance.
Yes. Filing is not complete unless you e-verify within the prescribed timeline. You can do this via:
Aadhaar OTP
Net banking
EVC (Electronic Verification Code)
Sending signed ITR-V by post
You can still file a belated return by December 31, 2024. However, you may incur:
A late filing fee (₹1,000 to ₹5,000)
Interest on taxes due (1% per month)
Loss of benefits like carrying forward business losses
Yes. You can revise your return before December 31, 2024, or use the ITR-U (Updated Return) within 2 years. However, updated returns may attract additional taxes and interest.
