Income Tax Filing (ITR)
Last updated: August 2026 · Reviewed by the Ravel Corporate Advisors team
File your income tax return accurately and on time. We serve salaried professionals, traders, business owners and companies — claiming every deduction you are entitled to while keeping you clear of notices.
Key takeaways
- Correct ITR form and accurate reporting — no defective returns.
- Every legitimate deduction claimed to reduce your tax.
- Reconciled with Form 26AS and AIS to avoid mismatches.
- 100% online — file from anywhere.
Who needs to file?
Anyone whose income exceeds the basic exemption limit — salaried employees, traders and business owners, professionals, freelancers and companies. Filing is also wise below the limit to claim a refund, apply for a loan or visa, or carry forward losses.
Which ITR form applies?
| Form | Typically for |
|---|---|
| ITR-1 (Sahaj) | Salaried individuals with income up to ₹50 lakh |
| ITR-3 | Individuals/HUFs with business or professional income |
| ITR-4 (Sugam) | Presumptive income (44AD/44ADA/44AE) |
| ITR-5 / 6 | LLPs / firms and companies |
Documents required
- PAN and Aadhaar.
- Form 16 (if salaried) and salary slips.
- Bank statements and interest certificates.
- Business income & expense details / books (if applicable).
- Proof of deductions — 80C, 80D, home-loan interest, etc.
- Capital gains details (property / shares), where applicable.
Why timely, correct filing matters
- Avoid penalties and interest under Section 234F.
- Claim refunds of excess TDS.
- Support loan and visa applications.
- Carry forward business and capital losses.
- Reduce the chance of scrutiny notices.
Process
- Document collection — shared digitally.
- Computation — income, deductions, correct form selection.
- Review with you — numbers and tax/refund confirmed.
- E-filing & verification — filed and e-verified.
- Acknowledgement — ITR-V shared for your records.
Run a business? Pair ITR with accounting and tax planning to save more, year-round.