🧾 ITR Filing in Lucknow: Common Mistakes Business Owners Should Avoid
Filing your Income Tax Return (ITR) is a crucial responsibility for every business owner in Lucknow — whether you run a shop, company, online store, or service agency. However, many local businesses end up making costly mistakes during ITR filing, leading to penalties, notices, or missed tax benefits.
In this guide by Companies Filing Hub — Lucknow’s trusted ITR consultant — we explain:
- Why ITR filing matters for your business
- Most common mistakes made during ITR filing
- How to avoid penalties and get maximum benefits
- How we help hundreds of businesses in Lucknow file ITR accurately
Let’s get started.
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📘 Why ITR Filing Is Important for Business Owners
Filing your ITR on time helps you:
✅ Comply with income tax laws
✅ Claim tax refunds (TDS, advance tax)
✅ Get faster bank loans, tenders, and funding
✅ Avoid penalties or prosecution
✅ Build financial credibility and income proof
It’s not just a legal formality — it’s a smart business move.
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⚠️ Common ITR Filing Mistakes Business Owners Make
- Choosing the Wrong ITR Form
Every business type has a specific form:
- ITR-3: For proprietors/professionals
- ITR-4: For businesses under presumptive taxation (44AD, 44ADA)
- ITR-5: For LLPs and partnerships
- ITR-6: For Private Limited companies
Wrong form = defective return and possible penalty. We help you pick the right one.
- Missing Declaration of Business Income
Many owners report only salary or bank interest and forget:
- Sales revenue (cash/UPI)
- Freelance or online income
- E-commerce sales (Flipkart, Meesho)
- Rent or royalty income
- Other business receipts
All income must be disclosed — or the tax department can send notices under mismatch.
- Not Maintaining Proper Books of Accounts
If you don’t maintain books like sales register, purchase bills, bank statements, etc., your ITR may be inaccurate.
Solution: We help you maintain simple digital bookkeeping, bank reconciliations, and prepare your Profit & Loss Account.
- Ignoring Audit Requirements
You must get your accounts audited if:
- Turnover exceeds ₹1 crore (goods) or ₹50 lakh (services)
- Presumptive scheme opted but not followed correctly
- Your profit is below the 8% or 6% threshold
Missed audits attract penalties up to ₹1.5 lakh. We’ll advise if you need audit or not.
- Failing to Claim Deductions & Expenses
Most business owners don’t claim deductions like:
- Office rent, electricity, internet
- Staff salaries, freelancers
- Depreciation on laptops, vehicles
- Business travel & mobile bills
We help you maximize deductions legally so you pay only the right tax.
- Mismatch Between GST, TDS & ITR
Your income in GST returns and Form 26AS should match your ITR.
Mismatch = Scrutiny or tax notice.
We reconcile your GST, TDS, and bank income with ITR — so everything is 100% accurate.
- Filing After Due Date
The due date for FY 2024–25 is:
- 31st July 2025 for individuals and proprietors
- 31st October 2025 for companies, LLPs, or audited cases
Late filing = ₹5,000 penalty, plus loss of carry-forward benefits.
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📄 Documents Required for ITR Filing in Lucknow
Proprietorship / Freelancer:
- PAN & Aadhaar
- Bank statements
- Purchase/sales bills
- GST returns (if applicable)
- Previous year’s ITR
- TDS certificates (Form 16/16A)
Company / LLP:
- PAN, Incorporation certificate
- Digital Signature Certificate (DSC)
- Financials (P&L, Balance Sheet)
- Bank statements
- GST & TDS data
- Audit report (if applicable)
We simplify everything — just WhatsApp us the scans or drop them at our Lucknow office.
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💰 Cost of ITR Filing in Lucknow (2025)
| Entity Type | Starting Fee (₹) | What’s Included |
|---|---|---|
| Proprietor/Freelancer | ₹999 | Consultation, Form, Filing, Support |
| Business (with GST) | ₹1,499 | ITR + GST Reconciliation |
| Partnership/LLP | ₹2,499 | ITR-5 Filing + Books Support |
| Pvt Ltd Company | ₹2,999 | ITR-6 + Financial Prep + Filing |
| Audited Businesses | ₹4,999+ | Audit Coordination + ITR Filing |
🎯 Offer: ITR Filing in Lucknow starting from just ₹999 with expert assistance.
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📍 Why Businesses in Lucknow Choose Companies Filing Hub
- 1,000+ ITRs filed for local businesses
- Experienced Chartered Accountants
- End-to-end support: Books → Tax → Compliance
- Office + 100% Online ITR Filing Options
- Affordable packages with no hidden charges
- Lifetime Recordkeeping & Updates
Office Address:
3rd Floor, Suraj Plaza, Burlington Chauraha, Above Indian Bank, Lucknow – 226001
📞 Call or WhatsApp: +91-6306245232
📧 Email: companiesfilinghub@gmail.com
💬 Chat Now: Click Here →
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🙋 Frequently Asked Questions (FAQs)
Q. I have zero turnover — do I still need to file ITR?
Yes. Even if your income is NIL, filing ITR keeps your record active and compliant.
Q. Can I file my ITR without audit?
Yes, if your turnover is below limits and you meet presumptive scheme conditions.
Q. Will I get notice if I file wrong ITR?
Possibly. Mismatch or incorrect reporting can lead to scrutiny or demand notices.
Q. Can you help file both ITR and GST returns?
Yes, we offer bundled plans to handle ITR + GST + ROC + Accounting under one roof.
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🚀 Don’t Let Small Mistakes Lead to Big Penalties
Whether you’re a freelancer, trader, startup, or full-time business owner in Lucknow — we’ll file your ITR accurately, on time, and with full benefits.
✅ Trusted Local Experts
✅ Personalized Tax Advice
✅ On-Call Assistance Anytime
📲 Start Today →
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