Step-by-Step Guide to Income Tax Return (ITR) Filing in Mumbai โ€“ 2025 Update

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Step-by-Step Guide to Income Tax Return (ITR) Filing in Mumbai โ€“ 2025 Update

๐Ÿ™ 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) doesnโ€™t have to be stressful. Whether youโ€™re 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, weโ€™ve helped hundreds of clients file their returns on time and avoid penalties. Hereโ€™s everything you need to know before you start.


๐Ÿ“… Why ITR Filing Is Important

Filing your ITR isnโ€™t just a legal requirement โ€” it also brings several benefits:

  • โœ… Acts as proof of income and address
  • โœ… Helps when applying for loans or visas
  • โœ… Allows you to claim tax refunds
  • โœ… Avoids penalties under section 234F
  • โœ… Builds a clean financial record

๐Ÿ“‚ 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)

๐Ÿงฎ Step-by-Step ITR Filing Process in Mumbai

  1. Collect all documents โ€“ salary slips, interest certificates, etc.
  2. Login to the Income Tax e-filing portal
  3. Select the correct ITR form โ€“ e.g., ITR-1 for salaried individuals, ITR-3 for professionals.
  4. Fill in income details โ€“ salary, business income, capital gains, etc.
  5. Claim deductions โ€“ under sections 80C, 80D, and others.
  6. Verify your tax computation
  7. Submit the return and verify via Aadhaar OTP or EVC
  8. Save the acknowledgment for future reference

๐Ÿงพ Common Mistakes to Avoid

  • โŒ Missing bank account details
  • โŒ Selecting the wrong ITR form
  • โŒ Not reporting all income sources
  • โŒ Ignoring advance tax payments
  • โŒ Forgetting to e-verify the return

๐Ÿง  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.


๐Ÿ“ 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)

โœ… Conclusion

ITR filing may sound technical, but with the right guidance, itโ€™s smooth and stress-free. Avoid last-minute rush and file your ITR well before the deadline. ๐Ÿ’ผ Need expert help?
Contact Casela Advisors โ€“ Trusted Chartered Accountants in Mumbai
๐Ÿ“ž Call us today for hassle-free ITR filing services in Mumbai and personalized tax planning.

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Step-by-Step Guide to Income Tax Return (ITR) Filing in Mumbai โ€“ 2025 Update - Casela Advisors Step-by-Step Guide to Income Tax Return (ITR) Filing in Mumbai โ€“ 2025 Update - Casela Advisors