ITR Filing Services

Q: What is the Updated Return (ITR-U) and when can it be filed?

ITR-U under Section 139(8A) can be filed within 2 years of the end of the relevant assessment year to disclose undisclosed income. Cannot claim refunds or reduce liability. Additional tax of 25% (within 12 months) or 50% (12-24 months) of additional tax and interest is payable.

Q: Can I file my ITR without a CA?

Yes, individuals can self-file on incometax.gov.in with pre-filled data. However, for business income, capital gains, foreign income, or tax audit cases, professional assistance significantly reduces risk of errors, notices, and missed deductions.

Q: What is the penalty for not filing an ITR?

Section 234F fee: ₹1,000 (income below ₹5 lakh) or ₹5,000 (income above ₹5 lakh). Section 234A interest: 1% per month on outstanding tax. Losses cannot be carried forward if return is not filed by original due date.

Q: What is the difference between ITR filing and ITR preparation?

ITR preparation involves computing income, identifying deductions, reconciling TDS, and preparing schedules. ITR filing is uploading the prepared return on the income tax portal and completing e-verification. Both together ensure a complete, compliant submission.

Q: What is the new tax regime and should I opt for it?

The new regime offers lower slab rates (5% to 30%) without most deductions. It is now the default. Beneficial for taxpayers with minimal deductions; taxpayers with significant 80C, HRA, and home loan interest typically benefit from the old regime. A comparison must be done each year.

Complete Income Tax Return Filing for Individuals, Businesses, and All Categories of Taxpayers — Every Year, On Time

ITR filing services cover the end-to-end process of preparing, reviewing, and submitting the correct income tax return for every category of taxpayer — from salaried individuals filing ITR-1 to companies filing ITR-6 under digital signature. The right ITR filing goes beyond simply entering numbers on the portal — it involves choosing the correct form, optimising deductions, reconciling TDS with Form 26AS and AIS, and verifying the return to make it legally valid.

Our ITR filing services are available for all return types across all taxpayer categories. For form-specific guidance, see our individual pages: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. For tax-related advisory alongside filing, see our ITR preparation and tax health check services.

Our ITR Filing Services

ITR Form Selection

Determining the correct ITR form based on the taxpayer's income sources, residential status, and applicable provisions — avoiding defective return notices from filing the wrong form.

AIS & Form 26AS Reconciliation

Reviewing the Annual Information Statement (AIS) and Form 26AS against the taxpayer's records to identify TDS mismatches, unreported income, and discrepancies before filing.

Deduction Optimisation

Identifying all eligible deductions under Sections 80C, 80D, 80G, 80TTA, 80TTB, 24(b), and other applicable provisions to minimise tax liability legally and completely.

Revised & Belated Returns

Filing revised returns under Section 139(5) to correct errors in original filings, and belated returns under Section 139(4) for taxpayers who missed the original due date.

E-Verification

Assisting taxpayers in e-verifying their filed return through Aadhaar OTP, net banking, or digital signature within the mandatory 30-day window to make the filing legally valid.

Refund Follow-Up

Tracking income tax refund status after filing, verifying bank account validation, and assisting with rectification requests under Section 154 where refunds are incorrectly processed or adjusted.

ITR Filing Timelines for All Taxpayer Categories

Individuals, HUFs, firms (no audit): 31 July of the assessment year
Businesses, companies, and firms requiring audit: 31 October of the assessment year
Transfer pricing cases: 30 November of the assessment year
Belated return: up to 31 December of the assessment year — with late fee under Section 234F
Updated return (ITR-U): within 2 years of end of the relevant assessment year — with additional tax payment
Section 234F late fee: ₹1,000 (income below ₹5 lakh) or ₹5,000 (income above ₹5 lakh)
E-verification deadline: within 30 days of filing — unverified returns are treated as invalid

Frequently Asked Questions

What is the Updated Return (ITR-U) and when can it be filed?

ITR-U under Section 139(8A) allows taxpayers to file an updated income tax return within 2 years from the end of the relevant assessment year, even after the belated return deadline has passed. An ITR-U can be used to report income that was not disclosed in the original or revised return, correct errors, or report additional tax liability. However, it cannot be used to claim a refund or reduce tax liability — it can only increase the income declared. An additional tax of 25% (within 12 months) or 50% (between 12 and 24 months) of the additional tax and interest is payable.

Can I file my ITR without a CA?

Yes. Individuals can file their own ITR on the income tax portal (incometax.gov.in) without assistance. The portal provides pre-filled returns for salaried taxpayers based on Form 16 and AIS data. However, for returns involving business income, capital gains, foreign income, multiple employers, or tax audit compliance, professional assistance significantly reduces the risk of errors, missed deductions, or incorrect form selection — all of which can lead to notices, excess tax payments, or missed refunds.

What is the penalty for not filing an ITR?

Non-filing of ITR where it is mandatory attracts: a late filing fee of ₹1,000 (income below ₹5 lakh) or ₹5,000 (income above ₹5 lakh) under Section 234F; interest on outstanding tax under Section 234A at 1% per month; and potential prosecution under Section 276CC for wilful failure to file (applicable where tax evaded exceeds ₹25 lakh). Additionally, losses for the year cannot be carried forward if the return is not filed before the original due date.

What is the difference between ITR filing and ITR preparation?

ITR preparation involves computing income across all heads, identifying deductions and exemptions, reconciling TDS with Form 26AS and AIS, computing the final tax liability, and preparing all required schedules and supporting information. ITR filing is the act of uploading the prepared return on the income tax portal and completing e-verification. Our ITR preparation service handles the computation and advisory; our ITR filing service handles the portal submission and verification.

What is the new tax regime and should I opt for it?

The new tax regime under Section 115BAC offers lower slab rates — 5% (₹3-7 lakh), 10% (₹7-10 lakh), 15% (₹10-12 lakh), 20% (₹12-15 lakh), 30% (above ₹15 lakh) — but without most deductions and exemptions. The new regime is now the default for individuals; taxpayers must explicitly opt out to use the old regime. Whether the new regime is beneficial depends on the quantum of deductions available — taxpayers with significant 80C investments, HRA, and home loan interest typically benefit from the old regime; those with minimal deductions benefit from the new regime's lower rates.

Your ITR — Filed Right, Refund Maximised

Expert ITR filing for individuals, businesses, and all taxpayer categories across all ITR forms.