Income Tax Return
Are you a first-time tax filer or someone who overlooked filing this year? In West Bengal, tax is an obligation for anyone whose income goes past the basic exemption limit. Everyone is obligated to file their Income Tax Return (ITR) once they cross the basic exemption limit, whether employed, freelancing, a business, or living abroad as an NRI. Filing your Income Tax Return (ITR) should not only be seen as a legal obligation. It’s an opportunity for you to take control. From helping you apply for loans to planning future investments and avoiding penalties, timely filing makes a big difference. At West Bengal Accounts, we make the process simple, quick, and completely stress-free. Our expert Income Tax Filing Agents in West Bengal guide you at every step, ensuring your returns are filed accurately and on time.
Under the Income Tax Act, 1961, ITR is applicable if:
Your income exceeds the basic exemption limit:
₹2.5 lakhs (below 60 years)
₹3 lakhs (senior citizens)
₹5 lakhs (super senior citizens)
You have income from business or professional services
You want to claim a refund for excess TDS
You are applying for a visa or a home loan
You own foreign assets or earn foreign income
You incur capital gains or business losses
High-value transactions like:
Deposits over ₹1 crore in current accounts
₹50 lakhs in savings accounts
Foreign travel spending above ₹2 lakhs
Electricity bill exceeding ₹1 lakh annually
To enable an accurate and compliant Income Tax Filing in Chennai, collect all of the following:
Bank Statements
Form 16 from the employer
Form 26AS (TDS summary)
Salary slips & proofs of investment
Capital gains report (if required for mutual funds, selling shares, or selling property)
Rent receipts (for HRA claims)
Business/professional income details
Foreign income/assets (if applicable)
Proofs for deductions under 80C, 80D, 80G, etc.
TDS Certificates for other income (rent, interest)
Form 16 Issued by the employer
Form 16A Issued by bank wherever applicable
Form 26AS which details tax credits to your account
Home loan documents or HRA receipts
Documents of investments made for tax savings
Documentary Proof to Claim Deductions
Details of Capital Gains if applicable.
There are few more documents that will be applicable depending on the complexity of the return