Delhi 25 March 2025 : As the financial year 2024-25 concludes, numerous taxpayers may be considering whether they can file their Income Tax Returns (ITR) independently, without seeking the help of Chartered Accountants (CAs).
The ITR is a declaration of one’s income to be used for showing the taxes tat have to be paid during a financial year. It is also used to claim tax refunds as well as for loan processing, visa applications, and so on.
How to file ITR?
To start off, you have to create an account on the Income Tax e-Filing portal using your valid Permanent Account Number (PAN).
Afterwards, you have to gather the essential documents such as PAN card, Aadhaar card, bank statements, Form 16 or salary slips, details of other incomes (if any), investments, and property details.
An important aspect of filing ITRs is to choose the appropriate forms. Examples are ITR-1 (Sahaj), ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7.
Choose the applicable form and fill in the required information accurately with details about your income, deductions, and taxes paid.
Summary: Learn how to file your Income Tax Returns easily without a Chartered Accountant by using online portals, government websites, and step-by-step guidance.