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Income Tax Return (ITR) Filing in Mumbai – A Complete Guide

Mumbai, the financial capital of India, is home to millions of salaried professionals, self-employed individuals, freelancers, and business owners. Filing your Income Tax Return (ITR) in Mumbai isn’t just a legal responsibility, it’s a step toward financial discipline and future security. With rising income sources and tax regulations becoming more complex, having the right support can make all the difference.
At My Legal Route, we simplify the ITR filing process for individuals and businesses across Mumbai. Whether you’re filing for the first time or managing multiple income streams, our expert team ensures a seamless, compliant, and affordable tax filing experience.

What is Income Tax Return (ITR)?

An Income Tax Return (ITR) is a formal declaration filed with the Income Tax Department, detailing your annual income, deductions, and taxes paid. Depending on your income type and category; salaried, self-employed, or business, you must file the appropriate ITR form.

Common ITR Forms

  • ITR-1 (Sahaj): For salaried individuals earning up to ₹50 lakh.
  • ITR-2: For individuals with capital gains or income from more than one property.
  • ITR-3: For professionals and business owners.
  • ITR-4 (Sugam): For those under the presumptive taxation scheme (businesses with turnover up to ₹2 crore or professionals earning up to ₹50 lakh).

Who Should File ITR in Mumbai?

You should file an ITR if you fall under any of the following categories:
  • Your gross annual income exceeds the basic exemption limit (₹2.5 lakh for individuals below 60).
  • You own foreign assets or have foreign income.
  • You want to claim an income tax refund.
  • You have capital gains from shares, mutual funds, or property.
  • You need ITR proof for a loan, visa, or tender application.
  • Your business turnover crosses ₹1 crore (or ₹10 lakh for professionals under GST).
In Mumbai, where multiple income streams like real estate, stock trading, and freelancing are common, filing ITR ensures compliance and helps build financial credibility.

Why File ITR Through My Legal Route?

My Legal Route is a trusted name in tax and legal compliance in India. Here’s why thousands in Mumbai choose us for ITR filing:

Expert Guidance by Professionals

Our team comprises experienced Chartered Accountants and tax advisors who stay updated with the latest changes in tax laws.

End-to-End Filing Support

From document collection to final submission and acknowledgment, we manage every step, ensuring error-free filing.

Affordable & Transparent Pricing

No hidden charges. Get your ITR filed at a fixed, affordable fee tailored to your income category.

Quick Turnaround Time

We understand the urgency of deadlines. Most filings are completed within 24–48 hours.

Confidentiality & Security

Your financial data is handled with strict confidentiality and secure digital systems.

ITR Filing Process with My Legal Route

Here’s how we simplify tax filing in just a few easy steps:
  • Consultation: Call us or book a free online session to determine the right ITR form.
  • Document Collection: Share necessary documents via email or WhatsApp.
  • Review & Drafting: We prepare your return, apply eligible deductions, and check for compliance.
  • Approval: You review the draft return and approve it for filing.
  • Submission: We file your return and provide the acknowledgment for your records.

We also assist with late filing, revised returns, and responding to IT notices.

Documents Required for ITR Filing

To ensure smooth and accurate filing, please keep the following ready:
  • PAN card and Aadhaar card
  • Form 16 (for salaried employees)
  • Salary slips
  • Interest certificates (from banks/post office)
  • Capital gains statement (from broker)
  • Investment proofs (for deductions under Sec 80C, 80D, etc.)
  • Rent receipts (for HRA claims)
  • Bank account details
  • Business income details (for freelancers, consultants, business owners)

ITR Filing Deadlines

Filing your return on time avoids penalties and helps you stay on the right side of the law. Here are key deadlines:
  • Individual taxpayers (non-audit): July 31 of the assessment year
  • Audit cases: October 31 of the assessment year
  • Revised returns: December 31 of the assessment year

My Legal Route helps ensure you never miss a deadline reminding you well in advance and filing promptly.

Benefits of Filing ITR in Mumbai

Filing ITR isn’t just about legal compliance. It also offers tangible benefits, especially for urban professionals and businesses in Mumbai.

Helps in Loan & Credit Card Applications

Banks often ask for past ITRs when you apply for home, car, or personal loans.

Useful for Visa Processing

ITRs are often required when applying for travel or work visas to countries like the USA, UK, and Canada.

Avoid Penalties

Late filing attracts penalties up to ₹5,000. Filing on time helps you avoid this cost.

Claim Tax Refunds

If TDS has been deducted more than your tax liability, filing ITR helps you claim refunds efficiently.

Carry Forward Losses

Only filed ITRs let you carry forward capital or business losses to the next financial years

FAQs

Can I file ITR without Form 16?

Yes, you can file ITR using salary slips and bank statements. Our team can help you compute income even without Form 16.

You may incur a late filing fee and lose the ability to carry forward losses. Our experts help with belated filing to reduce penalties.

Usually, 24–48 hours after we receive all the documents.

Absolutely. We handle tax filing for freelancers, gig workers, and consultants in all income brackets.

Yes, we use secure digital platforms to ensure your data remains confidential.

Get Your ITR Filed by Experts Today!

Avoid last-minute rush and penalties. Let My Legal Route handle your ITR filing professionally and affordably.

Call now at 01206851283. We serve all areas of Mumbai, including Bandra, Borivali, Powai, Andheri, Dadar, and Navi Mumbai.

Get expert help. File your ITR with ease. Choose My Legal Route.

Visit My Legal Route today!

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My Legal Route is an online business services platform based in India that assists individuals and businesses in starting and growing their ventures. They offer various services including tax consultancy and ISO certification. Their primary focus is on legal and accounting activities.

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