Sage-Tips

Can a person file an ITR without CA?

It is nowhere mandatory to get your returns assisted with some legal professional or institution. You can file all your tax returns by yourself if you have the knowledge of all basic rules and procedures.

Can I file my ITR on my own?

Online: Enter the relevant data directly online at e-filing portal and submit it. Taxpayer can file ITR 1 and ITR 4 online. Login to e-Filing portal by entering user ID (PAN), Password, Captcha code and click ‘Login’. Click on the ‘e-File’ menu and click ‘Income Tax Return’ link.

Can a accountant file ITR?

Assisted Income Tax Return Filing: On the new Income Tax e-filing portal, taxpayers can now add a Chartered Accountant, e-Return Intermediary (ERI) or any authorized representative for assistance in ITR filing. Filing Statutory Forms (once the person is added as a CA by the taxpayer and has accepted the request)

How much does it cost to file ITR?

1500-2000 for the filing depending on the complexity of transactions in your tax returns. The online filing via syndicators like Clear Tax and H&R Block is still lower and costs anywhere between Rs. 500 to Rs. 1000 for filing of returns.

Can I file my own ITR without CA?

Yes, you can file your own ITR without the need of CA. As they only help for accurate computation.

Do I need a CA to file my income tax?

Your accountant can submit your income tax if you don’t qualify for corporate taxes. 1.4\% Indians pay income tax. If you have salaried income, there is no need to use a CA to file your income tax. Online filing is easy. You should try yourself. In case you make a mistake it’s not a crime. IT Dept will send you notice.

How do I file my ITR?

You can file your ITR from the Income Tax India website or other ERIs (e-Return Intermediaries) like Quicko. If you are a salaried individual, you file your ITR by simply uploading Form 16 given by your employer. However, if you are a Trader with losses in the financial year, then you are liable for the audit.

How long does a CA take to file my income tax return?

How long does a CA take to file my Income Tax Return? Typically, CA Assisted Income Tax filing takes 3-5 working days from the date of receiving all the documents to prepare, review and file your ITR.