New Delhi, India – May 23, 2025 – With the tax season approaching, Corpzo.com, a leading compliance and legal solutions platform, has launched an all-inclusive guide to help individuals and businesses understand and execute the process of filing Income Tax Returns (ITR) in India. This initiative aims to simplify tax filing for millions of taxpayers by providing step-by-step assistance, ensuring accuracy, and minimizing penalties.

Filing Income Tax Returns is not just a legal obligation but also a critical step for maintaining financial health and eligibility for loans, visas, and government schemes. However, the process can often be confusing due to changing regulations, multiple ITR forms, and evolving digital systems. Recognizing these challenges, Corpzo.com has made it easier than ever to navigate the tax return filing process with expert guidance, online tools, and personalized support.

Who Should File an ITR?
As per the Income Tax Act, 1961, any individual or entity with an annual income above the basic exemption limit is required to file an income tax return. This includes:

Salaried employees

Self-employed professionals and freelancers

Business owners

NRIs with income in India

Companies and LLPs, irrespective of profit or loss

Steps to File Tax Returns in India
Corpzo.com’s guide outlines the following key steps for filing ITR:

Collect Relevant Documents: Including Form 16 (for salaried individuals), TDS certificates, bank statements, and investment proofs.

Choose the Correct ITR Form: Based on the type of income and taxpayer category. For example, ITR-1 for salaried individuals and ITR-3 for professionals or business owners.

Calculate Total Income and Tax Liability: After applying deductions under sections like 80C, 80D, and others.

Pay Any Remaining Tax: If tax liability exceeds TDS or advance tax already paid.

File the Return Online: Using the Income Tax Department’s e-Filing portal or with assistance from platforms like Corpzo.com.

Verify the Return: Through Aadhaar OTP, net banking, or by sending a signed ITR-V to CPC, Bengaluru.

Common Mistakes to Avoid
Corpzo.com also educates users on common errors, including:

Choosing the wrong ITR form

Missing TDS entries

Not disclosing all sources of income

Delayed filing resulting in penalties and interest

Expert Support from Corpzo.com
“Our goal is to take the stress out of tax season. Whether you're a first-time filer or a business with complex financials, our tax experts ensure your return is accurate, timely, and compliant,” said Sandeep Kedia, Co-Founder of Corpzo.com. “We help clients save money, avoid legal trouble, and make smart tax decisions.”

About Corpzo.com
Corpzo.com is India’s trusted compliance partner, providing services in tax filing, company registration, legal documentation, and licensing. With a strong team of CA, CS, and legal professionals, Corpzo.com supports individuals, startups, and enterprises in meeting their statutory obligations and business goals efficiently.

To file your income tax return or speak with a tax expert, visit www.corpzo.com today.

Brand Name:- CorpZo
Address:- G 10, Sector 63, Noida, India, 201301,
Email:- [email protected],
Phone:- +91 9999 139 391,
Web Address:- https://www.corpzo.com