ITR Filing (India)

For non-audit cases (most individuals), the due date is July 31 of the assessment year. If you miss this, you can file a belated return by December 31 (Section 139(4)), but late fees under Section 234F (₹1,000 if income ≤ ₹5 lakhs; ₹5,000 otherwise) and interest under 234A will apply. Taxpayers subject to tax audit have an October 31 deadline.

ITR-1 (Sahaj): Salaried with income up to ₹50 lakhs, one house property, and no capital gains. ITR-2: Salary + capital gains, multiple house properties, or foreign income. ITR-3: Business/profession income with books of accounts. ITR-4 (Sugam): Presumptive income under Section 44AD, 44ADA, or 44AE. We determine your correct form after reviewing your income profile.

The Old Regime is better if your deductions (80C, 80D, HRA, home loan, NPS) exceed roughly ₹3.5–4 lakhs. The New Regime offers lower slab rates but allows almost no deductions. From FY 2023-24, the New Regime is the default, but you can opt for the Old Regime while filing. We compute tax under both regimes and recommend the one that minimizes your tax liability.

Form 26AS is your tax credit statement issued by the Income Tax Department. It shows all TDS/TCS deducted on your income, advance tax paid, and self-assessment tax. Before filing your ITR, we reconcile your Form 26AS and AIS (Annual Information Statement) with your income documents. Any mismatch can trigger a demand notice after processing, so reconciliation is critical.

Most refunds are processed within 15–45 days of e-filing and e-verification, provided there are no mismatches. Refunds are directly credited to the bank account linked to your PAN. Delays can occur if the return is selected for manual processing or if there is a 26AS mismatch. We track your refund status and follow up if there are unusual delays.