Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. There are two main types of tax returns in Tamil Nadu: Income Tax Return (ITR) and Professional Tax Return. Income Tax Return (ITR): Income Threshold: You generally need to file an ITR if your total income in the previous financial year exceeds a certain limit. This limit can vary depending on your filing status (individual, senior citizen, etc. For most individuals, the limit is currently ₹5 lakh. Nature of Income: Even if your income falls below the threshold, you might still need to file an ITR if your income includes specific types like capital gains exceeding a certain limit, income from house property, or business income. Professional Tax Return: Business or Professional Activity: This applies to individuals engaged in professions, trades, or callings, irrespective of their income level. Doctors, lawyers, consultants, and shopkeepers typically fall under this category. Tax Deductions and Refunds: If you claim deductions or expect a tax refund, filing an ITR is necessary. TDS (Tax Deducted at Source): If tax has been deducted from your salary or other sources (TDS), filing an ITR ensures proper credit and avoids discrepancies. At Saanvika Legal Associate, other law cases like business law, financial law, insurance law, environment law, consumer law, property law, banking, tax, cyber, labor, constitutional, legal registration, litigations, criminal, family law, and so on are provided. All kinds of Law services are offered by experienced lawyers that result in the success of your cases in every way possible.