Taxes are simple with us

Individuals, except senior citizens, have to mandatorily file the ITR through the online mode which is also known as electronic filing, i.e. e-filing of the income tax return.An income tax return is a form that a person is required to submit to the Income Tax Department. It contains information related to individual's income and taxes paid, starting from 1st April to 31st March of the financial year. There are seven ITR forms prescribed by the Income Tax Department according to the amount of income, income source and the category to which the taxpayer belongs.E-filing of the income tax return can be done through Clear’s e-filing utility in a smooth and simple manner. Clear is a government-authorised portal to carry out e-filing of the returns and hence 100% authenticity and security is maintained.

Yes, deducting TDS and filing a tax return are two separate legal compliances. Income tax should be paid on your taxable income as per the provisions of the Income Tax Act. Whereas, you file a tax return to show that you've paid all the tax you needed to pay. The income tax return is also a very useful document when it comes to applying for a loan or visa.

There are seven forms - ITR 1, 2, 3, 4, 5, 6 and 7 notified by the government for different categories of taxpayers. ITR-1 to ITR-4 applies to individuals and HUFs. They can choose the appropriate ITR form based on the income earned and source of income. ITR-5 applies to partnership firms, LLPs, AOP (Association of Persons), BoI (Body of Individuals), Artificial Juridical Person (AJP), Estate of deceased, Estate of insolvent, Business trust and investment fund. All the companies should file ITR-6. It does not apply to companies claiming exemption from income from property held for charitable or religious purposes. Such companies should file ITR-7. If you are e-filing with ClearTax, we automatically decide on the correct income tax return form.

ITR return forms are attachment-less forms and, hence, the taxpayer is not required to attach any document (like proof of investment, TDS certificates, etc.) along with the return of income (whether filed manually or filed electronically). However, these documents should be retained by the taxpayer and should be produced before the tax authorities when demanded in situations like assessment, inquiry, etc.

Yes, you can either Self-file (DIY) on our platform or choose from one of our Expert assisted plans, based on your financial situation. And since we are a registered ERI (E-Return Intermediary) with the ITD, we can file your taxes completely online with an option for e-verification of returns as well.

You can claim a refund of the excess tax paid by filing your Income-tax return. It will be refunded to you by crediting it to your bank account through ECS transfer. It is important to pre-validate your bank account details before filing your income tax return.

The ITR form may change depending on the income situation you have, if you trade in Equity, mutual funds & ETFs, it falls under the head 'Income from Capital Gains' & hence you should file ITR-2. If you trade in F&O and intraday, it falls under the head 'Income from business & profession' & hence you should file ITR-3. When filing your Income tax return using Cleartax, we choose the right form for you based on your financial situation

You can claim a refund of the excess tax paid by filing your Income-tax return. It will be refunded to you by crediting it to your bank account through ECS transfer. It is important to pre-validate your bank account details before filing your income tax return.

There are 2 kinds of filing plans available at ClearTax - DIY filing plans, CA-assisted plans, and LIVE ITR filing plans. With the DIY filing plans, you can file your ITR in just 3 mins and 3 simple steps. The CA-assisted plans give you a dedicated tax expert to help you file your taxes.