Income Tax Mitra

Customized ITR filing for Directors in companies 2024, ITR for Partners in Partnership Firms 2024 and ITR for agricultural income 2024

When it comes to your ITR Filing here at Incometaxmitra We provide you best and customized service and help you in choosing that which ITR you should file.

We have a highly competent and responsive legal team, which includes both young and seasoned lawyers with specialised knowledge in their fields. Our legal team serves directors and managers in defining, creating, developing, determining and resolving on complex issues and situation, resulting in the best solution for our clients.

Personalized Income Tax Return filing services 2024 for Members in NGO / Society or Agricultural income more than Rs. 5000 only with Incometaxmitra

At Incometaxmitra, our lawyers recognise the client’s problems and requests from smallest to the largest and help in the best possible outcome for clients.

Many expert lawyers and CAs assist, guide and quickly manage all forms of ITR issues.

Income Tax consultancy 2024 from Best Tax Consultants in Industry and Quicker TDS refunds only with Incometaxmitra

Our team of professional includes experienced attorneys, chartered accountants, finance and tax professionals with an outstanding experience and excellence.

At Incometaxmitra, we sincerely work for our customers in a personalized and timely manner. Each task is undertaken by a team of highly qualified professionals who provide our clients with their best performance.

At Incometaxmitra, we do our best to help individuals, business owners, NGO’s by taking care of their legal, financial and taxation in a straightforward manner.

There are few things one should be aware of before filing ITR-2

An Individual and HUF who is generating income through any of the source following sources of income except the income from the profit and gain of the business and profession.

Following are necessary major heads of Income for filing ITR-2

Income under the head salary

The fixed amount one gets for his/her service or work every month or week is considered as Salary. In other words, one is getting paid regularly after every particular fixed interval against the delivery of his/her services and the fixed remuneration or amounts he or she gets is called salary which includes pension, commission, fees, wages, annuity and others.

Income under the head House Property

If the income has been generating through rent from tenant, rent from warehouse, rent from office, building or from any kind of property that a person owns is liable to pay tax and eligible to file the Form ITR-2.

Income under head Other Sources

If a person is having or generating income from the dividend, lotteries, royalties, winnings,  interest on time deposits or savings and many other sources and even if it is irregular then a person is liable to pay tax and can file ITR form 2

Income from Capital Gains

Capital Gains refers to the increase in the capital of person in other words the gain in the value of Capital assets of a person on selling off the assets for more than the purchase price whether the assets are Investment in stock, bond, gold or real estate and something which had been purchased for personal use is considered as Capital gains. The Capital Gains are comprising in two parts:

  1. Long term Capital Gains: Gain on sale of assets or investments which has been owned by the person for more than a year are considered as Long-Term Capital Gains.
  2. Short term Capital Gains: Gain on frequent sale of assets or investments or has been held for less than a year are considered as Short-Term Capital Gains.

    ITR Form

    Category

    Income from Salary

    Income from House Property

    Income from Other sources

    Income from Business or Profession

    Income from Capital gains

    Exemption/ Limitation

    ITR 2

     Individual and HUF

    Yes

    Yes

    Yes

    No

     Yes

    -

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