CA is charging expensive fees! Don't worry, you can file ITR yourself with these methods

ITR Filing: Every year the salaried person has to file ITR. The last date to file ITR this year is 31 July 2023. We all take the help of CA while filing ITR. If you also want to file ITR without CA, then this article will prove useful for you. Let us know how to file ITR without CA.

Jul 6, 2023 - 13:05
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CA is charging expensive fees! Don't worry, you can file ITR yourself with these methods

You can also file returns now. For this, the government has given a deadline of 31 July 2023. If you file ITR after this date then you will have to pay a late fee. We all have to pay taxes. The government takes tax on the basis of our income.
Whenever we pay taxes, many questions come to our minds. We need many important documents while filing an income tax return. Sometimes the taxpayer also needs an audit.
For this, we depend on Chartered Accountants. Come, today we will tell you how you can file ITR without the help of CA.
Whenever we file ITR, we have to fill out the form for that. There are many types of these forms. On the basis of our income, we have to fill out the form. It is believed that if you are employed then you can file ITR very easily.
For those who do business, filing ITR can be a bit difficult. All taxpayers who are working in a company are required to file Form 3 under section 44AB of the Income Tax Act.
If you earn more than 1 crore in a year then you should get your account audited. Get the audit done by a good accountant only. In such a situation, the accountant will be able to check all your information correctly. After entering the wrong detail, an income tax notice can also come against you.
If a taxpayer earns more than 8% profit after submitting Form 3, then your account will not be audited under sections 44AD and 44AB. You have to pay tax according to the tax slab based on your income.
Finance Minister Nirmala Sitharaman said in 2021 that taxpayers who fill Form 3 and do up to 95 percent of transactions digitally will not have to be audited on income up to 10 crores. If you or a company opts for the presumptive taxation scheme under section 44AD, then they will have to file ITR Form 4.
If you do not get Form 3 audited, you will have to pay a penalty. This charge can be up to 0.5% or up to Rs 1.5 lakh.

Muskan Kumawat Journalist & Writer