ITR Filing Made Simple: What Every Common Man Should Know (Before the Deadline!)

The ITR (Income Tax Return) filing deadline is just around the corner, and let’s be honest — many of us still have a bunch of unanswered questions. Some of us are unsure about the process, while others feel too shy to ask. If you’re one of them, don’t worry. You’re not alone and you’re not late either (yet!).

At FundVizer, we believe no question is too small and no doubt is silly when it comes to managing your money and taxes. So here’s a simple breakdown of everything you need to know about ITR filing — the what, why, when, who, and how. Whether you’re looking for ITR Filing in Udaipur or just want clarity on tax rules, this guide will help.

What Is ITR (Income Tax Return)?

ITR is a form you submit to the Income Tax Department of India to report your income, deductions, and tax paid (if any) for a particular financial year.

Think of it as a way to say:
“Hey, this is what I earned, this is what I spent on investments, and this is the tax I paid or need to pay.”

Why Should You File Your ITR?

Even if you think your income is too low or taxes are already deducted via salary, here’s why filing ITR is a smart move:

• It’s mandatory for many (we’ll explain below)
• Visa processing becomes easier
• Loan approvals get smoother
• Refunds of excess TDS (tax deducted at source)
• Proof of income (especially if you’re self-employed or a freelancer)
  Helps build financial credibility

For instance, ITR for Self-employed in Udaipur is not just about compliance; it’s about showing financial proof for loans, tenders, or even future investments.

Who Should File ITR?

You must file ITR if any of these apply to you:

• Your total income is more than ₹2.5 lakh (for individuals under 60 years)
• You have received income from more than one source (salary + freelancing, etc.)
• You have foreign assets or income
• You’ve deposited over ₹1 crore in a bank account
• You spent over ₹2 lakh on foreign travel or ₹1 lakh on electricity bills
• You want to claim a refund on TDS
• You want to carry forward capital losses (like losses in stocks or mutual funds)

Who Doesn’t Need to File an ITR?

If your total income after all deductions (like 80C, 80D, etc.) is below the taxable limit, and you’re not looking for a refund, then ITR filing may not be mandatory.
But still — it’s a good habit to file. It keeps your financial records clean and updated.

When Should You File?

The due date for most individuals is usually 31st July for the previous financial year (April–March).

For example, for FY 2024–25, the due date is 31st July 2025.

If you miss this deadline, you can still file a belated return, but with a late fee and interest. Also, some benefits (like carryiDeadline!)

ng forward losses) might be lost.

How Do You File an ITR?

There are two ways:

1. Do-It-Yourself (DIY) via Income Tax Portal

• Visit www.incometax.gov.in
• Login/Register
• Choose the right ITR form (ITR-1, ITR-2, etc.)
• Fill in the details, upload documents if needed
• Verify and submit

Note: Choose the correct form 

2. Get Expert Help

If this sounds overwhelming, that’s where we step in. At FundVizer, we offer CA Assisted ITR Filing  that ensures:

At FundVizer, we make tax filing:

• Simple
• Hassle-free
• 100% compliant

Our experts also provide Secure ITR Filing Online , so you don’t have to worry about data safety or errors. No jargon. No stress. Just the right guidance, every step of the way.

Final Thoughts: Don’t Be Shy, Be Smart!

We know that not everyone understands taxes. Many feel awkward asking questions like:

• “What form should I use?”
• “Do I really need to file?”
• “What if I make a mistake?”

But you don’t need to figure it all out alone. That’s why FundVizer exists, to help people like you, with real-life questions and real guidance.

With the last date coming soon, don’t wait till the final day. File your ITR now and file it right.

 Need help? We’re just a call or message away.

Because your money matters and so does your peace of mind.
File smart. File stress-free. File with FundVizer.

Note: This post was generated with the help of AI.