Filing income tax returns for financial year 2016-17 is due by July 31, 2017 for salary earners and non-audit business cases and September 30, 2017 for companies, firms, trusts, and cooperatives. There are benefits to filing such as eligibility for loans, visa processing, startup funding, and property registration. The type of income tax return form depends on the type of income earned - ITR-1 is for individuals with salary and house property income up to Rs.50 lakh, ITR-2 is for individuals without business income, ITR-3 is for self-employed individuals, and ITR-4 and ITR-5 are for other types of incomes. Documents needed include PAN,

1. FINANCIAL YEAR 2016-17(AY 2017-18)
Income Tax
Compliances!
31st July 2017 is the last date
for Salary Person, Business &
Profession (Non Audit Cases)
30th September 2017 is the
last date of filling Income Tax
return of Company, Firm,
Trust, and Cooperative Society
BENEFITS OF FILING ITR
For availing any loan facility.
For Visa and immigration processing.
For Startup Funding
Registration of immovable properties.
For Claim refund of TDS.
Due Dates
ITR-1 for Salary
Starting From Rs. 499/-

2. THE TYPE OF INCOME
TAX RETURN FORM
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ITR -1 (SAHAJ) – For Individuals having
Income from Salaries, one house property,
Interest and having total income upto
Rs.50 lakh
ITR -2 – For Individuals not carrying out
business or profession under any
proprietorship.
ITR-3 – For individuals having income from
a proprietary business or profession.
ITR-4-(SUGAM) - For Presumptive Income
from Business & Profession
ITR-5 -For persons other than,- (i)
individual, (ii) HUF, (iii) company and (iv)
person filing Form ITR-7.
ITR-6 - For Companies other than
companies claiming exemption under
section 11.
ITR-7 - For persons including companies
required to furnish return under sections
139(4A) or 139(4B) or 139(4C) or 139(4D)
or 139(4E) or 139(4F).
Pan card
Aadhar Card
Cancel Cheque
TDS Certificate
Tax Payment Challan
Form 16
Bank passbook/statement
Interest income certificate
Insurance payment receipts
PPF passbook
Tax Saving Fixed Deposit receipts
Repayment certificate for housing
loan, education loan
Deposit receipts for Senior citizen
Scheme
DOCUMENT REQUIRED
FOR FILING ITR
PENALTIES
Penalty with minimum Rs 5000 and
interest under section 234A can be
levied in case of Individual
Penalty with minimum Rs 50000 and
interest under section 234A can be
levied in case of Firm, Company,
Cooperative Society and Trust.