Step-by-Step Guide to Income Tax Return (ITR) Filing in Mumbai โ 2025 Update
๐ Introduction
If you live or run a business in Mumbai, tax season can feel confusing โ forms, deadlines, and documents everywhere! But filing your Income Tax Return (ITR) doesnโt have to be stressful. Whether youโre a salaried employee, freelancer, or small business owner, this guide will help you understand how to file your ITR easily and correctly.
At Casela Advisors, a trusted CA firm in Mumbai, weโve helped hundreds of clients file their returns on time and avoid penalties. Hereโs everything you need to know before you start.
๐ Why ITR Filing Is Important
Filing your ITR isnโt just a legal requirement โ it also brings several benefits:
- โ Acts as proof of income and address
- โ Helps when applying for loans or visas
- โ Allows you to claim tax refunds
- โ Avoids penalties under section 234F
- โ Builds a clean financial record
๐ Documents Required for ITR Filing
Before you begin, keep these documents ready:
- PAN card & Aadhaar card
- Form 16 (for salaried employees)
- Form 26AS and AIS report
- Bank account details
- Investment proofs (80C, 80D, etc.)
- Rent receipts (if claiming HRA)
- Capital gain/loss statements (if applicable)
๐งฎ Step-by-Step ITR Filing Process in Mumbai
- Collect all documents โ salary slips, interest certificates, etc.
- Login to the Income Tax e-filing portal
- Select the correct ITR form โ e.g., ITR-1 for salaried individuals, ITR-3 for professionals.
- Fill in income details โ salary, business income, capital gains, etc.
- Claim deductions โ under sections 80C, 80D, and others.
- Verify your tax computation
- Submit the return and verify via Aadhaar OTP or EVC
- Save the acknowledgment for future reference
๐งพ Common Mistakes to Avoid
- โ Missing bank account details
- โ Selecting the wrong ITR form
- โ Not reporting all income sources
- โ Ignoring advance tax payments
- โ Forgetting to e-verify the return
๐ง Pro Tip from Casela Advisors
If your income includes freelancing, capital gains, or multiple sources, consult a Chartered Accountant in Mumbai before filing. A small error can trigger a notice from the Income Tax Department โ professional review saves time and penalties.
๐ Why Choose Casela Advisors for ITR Filing in Mumbai
- Experienced Chartered Accountants for all ITR types
- Accurate and timely filing
- Support for salaried, business, and NRI clients
- Transparent pricing โ no hidden charges
- Located conveniently in Dadar (Mumbai)
โ Conclusion
ITR filing may sound technical, but with the right guidance, itโs smooth and stress-free. Avoid last-minute rush and file your ITR well before the deadline. ๐ผ Need expert help?
Contact Casela Advisors โ Trusted Chartered Accountants in Mumbai
๐ Call us today for hassle-free ITR filing services in Mumbai and personalized tax planning.
