File ITR in Mohali: Benefits, Fees, Step-by-Step, Deadlines
File ITR in Mohali with CA ADDA. Get expert assistance for Income Tax Return filing: understand benefits, transparent fees, easy step-by-step procedure and crucial deadlines. Maximize refunds and ensure compliance. Visit our Mohali ITR page now!
File ITR in Mohali: Benefits, Fees, Step-by-Step, Deadlines - CA ADDA
Navigating Income Tax Return (ITR) filing in Mohali can seem complex, but with CA ADDA, it's a seamless and rewarding experience. Discover the benefits, understand the fees, follow our easy step-by-step procedure, and stay updated on crucial deadlines to ensure compliance and maximize your financial advantages. Visit our dedicated Mohali ITR filing page for personalized assistance!
Benefits of Filing ITR in Mohali
Claim Tax Refunds
If you've paid more tax than your actual liability through TDS (Tax Deducted at Source), filing your ITR ensures you receive your rightful refund directly to your bank account.
Easy Loan And Credit Card Approvals
ITR acts as a credible income proof, vital for securing home loans, car loans, personal loans, and credit cards. Banks often require ITRs for at least three consecutive years.
Smooth Visa Processing
Many international embassies and consulates require ITR documents as proof of financial stability during visa applications.
Carry Forward Losses
Business or capital losses can be carried forward to subsequent years to offset future income, reducing your tax liability – but only if ITR is filed on time.
Avoid Penalties And Legal Issues
Non-filing or late filing of ITR can attract substantial penalties and legal scrutiny from the Income Tax Department.
Proof of Income And Address
ITR serves as a universally accepted document for proving your income and residential address, useful in various official and financial transactions.
ITR Filing Fees in Mohali with CA ADDA
At CA ADDA, we offer transparent and competitive pricing for ITR filing services in Mohali, tailored to your specific income sources and complexity. Our fees are designed to be affordable while ensuring expert assistance and accurate filing. (Prices mentioned below are indicative and exclusive of GST. Please refer to our Mohali ITR filing page for the most updated pricing.)
| Income Source / Category | Approx. Fees (₹) |
|---|---|
| Only Salaried (Single Employer, < ₹50 Lakhs) | ₹799 - ₹1,199 |
| Salaried + Rental Income + Other Sources | ₹1,499 - ₹1,999 |
| Salaried (Income > ₹50 Lakhs) + Rental Income | ₹2,499 - ₹3,499 |
| Salaried + Rental Income + Capital Gains | ₹3,499 - ₹4,999 |
| Salaried + FAndO / Derivatives Income | ₹2,999 - ₹4,499 |
| Business/Professional Income (Presumptive, < ₹2 Cr Turnover) | ₹1,999 - ₹2,999 |
| NRI with Indian Income | ₹4,999 - ₹7,999 |
| Belated / Revised Return | Additional charges may apply |
For a precise quote, please reach out to our experts or fill out the inquiry form on our webpage.
Step-by-Step ITR Filing Procedure with CA ADDA
Filing your Income Tax Return with CA ADDA is designed to be hassle-free. Here's a simplified step-by-step guide:
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1
Gather Your Documents
Collect essential documents like PAN, Aadhaar, Form 16 (for salaried), Form 26AS, AIS, bank statements, investment proofs (80C, 80D), and any other income/expense proofs. -
2
Contact CA ADDA
Reach out to us via our website, phone, or email. Our team will schedule a consultation to understand your income profile and tax needs. -
3
Share Your Information Securely
You can securely upload your documents through our online portal or share them with our assigned CA. We ensure complete data privacy. -
4
Expert Preparation And Computation
Our experienced Chartered Accountants will analyze your documents, select the correct ITR form (ITR-1, ITR-2, ITR-3, etc.), compute your income and tax liability, and identify all applicable deductions and exemptions to maximize your savings. -
5
Review And Approval
We will provide you with a detailed summary of your ITR for your review and approval before final submission. Any queries will be addressed promptly. -
6
E-Filing And Acknowledgment
Once approved, we will e-file your ITR on the Income Tax Department's portal. You will receive the acknowledgment (ITR-V) immediately. -
7
E-Verification
The final step is to e-verify your return within 30 days of filing. We can guide you through various e-verification methods (Aadhaar OTP, Net Banking, etc.).
Key Deadlines for ITR Filing (AY 2025-26 for FY 2024-25)
Missing ITR deadlines can lead to penalties and loss of benefits. Here are the crucial dates for the Assessment Year 2025-26 (Financial Year 2024-25):
Important Update: The Central Board of Direct Taxes (CBDT) has extended the deadline for filing ITRs for non-audit cases from July 31, 2025, to September 15, 2025, for AY 2025-26.
| Category of Taxpayer | Due Date (AY 2025-26) |
|---|---|
| Individuals / HUF / AOP / BOI (non-audit cases) | September 15, 2025 |
| Businesses (requiring audit) | October 31, 2025 |
| Businesses requiring Transfer Pricing reports | November 30, 2025 |
| Revised Return | December 31, 2025 |
| Belated / Late Return | December 31, 2025 (with penalties) |
| Updated Return (ITR-U) | March 31, 2027 (for AY 2025-26) |
Filing a belated return may attract a penalty of up to ₹5,000 (reduced to ₹1,000 if total income is less than ₹5 lakh).
Why Choose CA ADDA for ITR Filing in Mohali?
Experienced CAs
Our team comprises highly qualified and experienced Chartered Accountants well-versed with the latest tax laws and regulations relevant to Mohali.
Timely And Accurate Filing
We ensure your ITR is filed accurately and on time, minimizing the risk of penalties and notices.
Data Security And Confidentiality
Your sensitive financial data is handled with utmost care and secured using industry-standard protocols.
Dedicated Support
Get personalized assistance and clear explanations for all your tax-related queries.
Maximum Tax Savings
We ensure all eligible deductions and exemptions are claimed to help you maximize your tax refunds or minimize your tax liability.
Online Convenience
File your ITR from the comfort of your home or office in Mohali with our user-friendly online process.
Ready to file your ITR effortlessly in Mohali? Get Started with CA ADDA Today!
Frequently Asked Questions (FAQs)
Any individual residing in Mohali whose gross total income exceeds the basic exemption limit (which varies based on age and tax regime) is mandated to file an ITR. Even if your income is below the taxable limit, you might need to file if you meet certain criteria, such as depositing large sums in a bank account, incurring significant foreign travel expenses, or having high electricity consumption.
Key documents include PAN card, Aadhaar card, Form 16 (for salaried individuals), Form 26AS, Annual Information Statement (AIS), bank statements, investment proofs (e.g., PPF, ELSS, life insurance premiums), home loan interest certificates, and details of any other income or deductions.
Missing the deadline can result in penalties under Section 234F of the Income Tax Act. A late filing fee of up to ₹5,000 may be imposed. If your total income is below ₹5 lakh, the penalty is capped at ₹1,000. Additionally, you may lose the ability to carry forward certain losses and could face scrutiny from the Income Tax Department.
Yes, you can file a revised return under Section 139(5) if you discover any omission or wrong statement in your original return. The deadline for filing a revised return for AY 2025-26 is December 31, 2025.
Our CAs are experts in identifying all eligible deductions under various sections (like 80C, 80D, 80G, HRA, etc.) and exemptions that you might be unaware of. We meticulously cross-check your Form 16, 26AS, and other documents to ensure no opportunity for tax savings is missed, thereby maximizing your refund.
For all your Income Tax Return filing needs in Mohali, trust CA ADDA. Our expertise ensures compliance, convenience, and maximum benefits for you.
Explore Our Mohali ITR Services
